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Eurex Exchange continues to ensure market support for its recently launched listed variance futures contract, which is based on the EURO STOXX 50, the most prominent equity index in Europe.
DRW Investments, developer of the variance conversion methodology, has started its market making activity. Eurex and DRW collaborated in the launch of the contract in September; Eurex licensed DRW’s patented methodology earlier this year. DRW quotes the contract up to 50,000 notional vega at a spread of 1.5 volatility points.
“We are excited to provide liquidity in the new EURO STOXX 50 variance futures. We feel there is market
- 29/10/2014
ClearStructure Financial Technology has launched ClearStart, a programme which provides emerging hedge fund managers ready access to commercial grade portfolio management software.
In selecting Sentry PM as their new core investment management platform, the emerging managers share a common goal to drive growth, improve operational efficiency and eliminate financial leakage.
Sentry PM provides real-time processing that is cloud-delivered, and supports all their front, middle and back office needs. This includes order management, risk, pre/post trade compliance, GIPS performance, reconciliation, reporting and computing daily Net Asset Valuations.
“Emerging managers do not have the resources of their larger peers and
- 29/10/2014
Hedge funds consolidated their gains from the first half of 2014 in the third quarter, despite equity markets producing a mixed performance over the quarter, according to Deutsche Asset & Wealth Management Q4 Hedge Fund Outlook.
Discretionary macro and trend-following strategies in particular gained as the anticipation of extraordinary monetary policy by the ECB impacted bond yields and exchange rates.
Equities, as proxied by the MSCI World Index, gave back performance over the period. The quarter began in July with a sell-off in risk assets due to a cocktail of a very strong US GDP print, higher yields, a
- 29/10/2014
Carne Group has received authorisation for an independent AIFMD-compliant management company in the Channel Islands.
The new management company has become immediately operational with Carne Group’s fund clients. It is particularly suitable for alternative fund managers, including credit, hedge fund, private equity, infrastructure and real estate investment firms.
Carne has received authorisation as a fund services business from the Jersey regulator, the Jersey Financial Services Commission (JFSC).
Carne already has over 20 clients making use of its AIFMD management company solutions in Ireland and Luxembourg. The Jersey management company is the first to be approved outside the European
- 29/10/2014
Privium Fund Management has launched a new fund structure for emerging fund managers in Europe, the Privium Investment Fund.
The fund structure allows portfolio managers to develop a track record and generate performance within an institutional fund infrastructure.
Similarly to developments in the US, the number of emerging managers with alternative funds is growing rapidly in Europe. New investment themes and specialised skills provide tailored solutions for different investors. The evolution of alternative funds together with new regulations has made this asset class an interesting area for professional investors.
The Privium Investment Fund’s structure allows managers to focus
- 28/10/2014
The SEC has filed insider trading charges against a New Jersey-based hedge fund manager who allegedly used material, nonpublic information to trade in advance of market-moving news concerning Carter's Inc.
Stephen Slawson, who lives in Lebanon, New Jersey (NJ), and was co-founder and former manager to a hedge fund named TCMP3 Partners LP, is the eighth individual that the SEC has charged in connection with the agency's investigation into insider trading and other misconduct involving the securities of the Atlanta-based marketer of children's clothing.
According to the SEC's complaint filed in federal court in the Northern District of Georgia,
- 28/10/2014
Total regulatory assets under management (RAUM) reported by all investment advisers as of 7 April was USD61.7 trillion, representing a substantial increase from the USD54.8 trillion RAUM reported in April 2013.
This is according to the Investment Adviser Association (IAA) and National Regulatory Services’ (NRS) 14th annual Evolution/Revolution report, a study analysing annual updates filed by investment advisers registered with the US Securities and Exchange Commission (SEC).
The total number of SEC-registered investment advisers increased from 10,533 in April 2013 to 10,895 in April 2014. These advisers employ more than 700,000 persons and serve almost 28 million clients.
- 28/10/2014
There are USD73bn of assets in listed alternatives on the London and Amsterdam stock exchange, according to Dexion Capital, the alternatives investment bank.
The sector has added, in the last 12 months alone, a total of USD18bn. This breaks down as USD12.6bn through 22 IPOs and a further USD5.4bn from follow-on fundraises.
Half the IPOs have been credit and property funds, raising USD1.38bn and USD2.6bn respectively.
Within credit, alternative sources of financing has been an important theme and, within property, alternative property sectors such as student accommodation or care homes have registered investor interest.
Head of research Tom Skinner says: “The highly regulated environment which we have seen
- 28/10/2014
OpenGamma, a provider of OTC market structure risk management and analytics solutions, has appointed Mark Beeston as chairman of the board of directors.
OpenGamma has also appointed Cristobal Conde, former CEO of SunGard, to its board.
OpenGamma provides standardised and transparent margin calculations from the major clearing houses, enabling financial services firms to optimise their use of capital.
"OpenGamma is rapidly becoming the standard for margin calculations, a key component for financial institutions during this market structure evolution," says Beeston (pictured). "The opportunities for growth are clearly significant and I look forward to continuing my work with the
- 28/10/2014
- 28/10/2014
IMatchative has completed a USD20 million Series B funding round, which will be used to support the continued development of AltX, the firm’s data analytics platform and marketplace for capital introduction.
Lead investors include Wells Fargo & Company, Control Empresarial de Capitales, controlled by Carlos Slim, David Bonderman, founding partner of TPG Capital, and Andy Redleaf, the CEO of Whitebox, which are providing the majority of the capital.
Jeff Ubben, founder of Value Act Capital, led the Series A round and also invested in this round. Sterne, Agee & Leach served as IMatchative's financial adviser for the funding round.
- 28/10/2014
- 28/10/2014
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