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Managed futures gained 0.63 per cent in June, according to the Barclay CTA Index compiled by BarclayHedge.
The index is now up 0.65 per cent at mid-year.
“The US Federal Reserve and Bank of England announced that interest rates will be rising soon, while the European Central Bank reaffirmed its commitment to low interest rates, creating cross-currents in equity, fixed income, and currency markets,” says Sol Waksman, founder and president of BarclayHedge. “Approximately two-thirds of CTAs were still able to successfully navigate their way to a profitable month.”
Seven of Barclay’s eight CTA indices had gains in June.
- 22/07/2014
When it comes to communication between managers and investors it is still akin to talking to each other down a long-distance phone line crackling with interference. Things are improving, that is for sure, but there’s a long way to go to address the transparency demands that now infiltrate the alternative funds industry.
Put simply, there remains a clear disconnect between GPs and LPs. The former are sensitive about giving away too much information. The latter don’t feel they are getting enough information.
In a revealing survey compiled by Intralinks in collaboration with Opalesque called Let’s Be Clear, in which
- 22/07/2014
The SS&C GlobeOp Forward Redemption Indicator for July 2014 measured 3.15 per cent, down from 4.80 per cent in June.
“July’s forward redemptions decreased by over 1 per cent, but remain in line with historical averages,” says Bill Stone, chairman and chief executive officer, SS&C Technologies.
The SS&C GlobeOp Forward Redemption Indicator represents the sum of forward redemption notices received from investors in hedge funds administered by SS&C GlobeOp on the GlobeOp platform, divided by the AuA at the beginning of the month for SS&C GlobeOp fund administration clients on the GlobeOp platform.
Forward redemptions as a percentage
- 22/07/2014
Natixis Global Asset Management is funding a three-year, USD1 million research project at the Massachusetts Institute of Technology (MIT) focused on investor behaviour and personal benchmarks.
The research will be led by Andrew W Lo, Charles E and Susan T Harris, professor at the MIT Sloan School of Management and director of the Laboratory for Financial Engineering (LFE), where the research will be conducted.
In addition, Natixis will provide Lo and LFE researchers with access to data from its global Investor Insights surveys of individuals, financial advisors, and institutions, now in the fifth year and containing responses to more
- 22/07/2014
La Française Group has obtained AIFM approval for all its management companies.
By capitalising on its experience in the registration of UCITS funds internationally and now its AIFM status, the La Française Group is able to extend its services across Europe.
The following Group management companies have obtained AIFM approval:
– La Française AM International (LFI)
– La Française Investment Solutions LFIS
– La Française REM
– La Française des Placements
– La Française Inflection Point
– New Alpha AM
As Alternative Investment Fund (AIF) managers, the companies will be able to manage AIFs in an EU member
- 22/07/2014
Alain Demarolle has been appointed as non-executive chairman of the board directors of LCH.Clearnet SA, the group's French-based entity, effective immediately.
Patrick Combes announced in May 2014 that he would step down as director and the chairman of the board directors of LCH.Clearnet SA. Aigrain remains chairman of LCH.Clearnet Group.
Aigrain says: "I would like to thank Patrick Combes for his unwavering support and dedication to LCH.Clearnet. We are indebted to Patrick for navigating the firm through a period of significant regulatory change, including the successful authorisation of LCH.Clearnet SA as a CCP under EMIR. On behalf the board
- 22/07/2014
Carne Group, a provider of governance and oversight services for asset managers, has opened a new office in the Channel Islands.
Joining Carne as managing director responsible for the Channel Islands is Mark Hodgson, who will be available immediately to serve as an independent director on Jersey and Guernsey fund boards.
Hodgson is a highly experienced funds professional and has been resident in Jersey for over eight years. He has spent over 25 years in the financial services industry, including as a senior executive with HSBC in the UK and Jersey. He joins Carne from Capita, where he was
- 22/07/2014
World Cup success has been accompanied by positive equity market performance since last Sunday’s final for nearly all of the four top finishers as reflected by Russell Index country constituent returns.
World Cup victor Germany’s equity market increased 1.8 per cent, as measured by the Germany country constituent of the Russell Global Index, in the first three trading days of this week, after losing (-1.8 per cent) during the tournament from 12 June to 13 July.
Third place finisher The Netherlands also reversed a negative performance of (-0.4 per cent), as measured by the Netherlands country constituent of the
- 22/07/2014
All managed futures indices calculated by Newedge showed positive returns for the month of June with trend followers leading the pack with a return of +1.25 per cent.
The Newedge CTA index is back to positive territory YTD returning +1.06 per cent, rising +0.48 per cent in the month of June.
Using attribution data from the Newedge Trend Indicator, currencies were the best performing sector, contributing +2.68 per cent at the portfolio level and bringing YTD performance in the sector to +1.99 per cent.
Bonds also contributed to the positive June gaining +0.66 per cent, while commodities continued
- 21/07/2014
Societe Generale Securities Services (SGSS) has appointed David Painter as head of trustee and depositary services in the UK.
Based in London, he reports to Bertrand Blanchard, SGSS’ country manager in the UK, and to Michèle Besse, global head of depositary control.
Painter will play a key role in launching and managing trustee and depositary services in the UK for a broad range of investment funds, including UCITS and alternative funds, and actively help develop a range of integrated client solutions.
SGSS’ full range of trustee and depositary services will include asset safekeeping, cash monitoring and oversight duties.
- 21/07/2014
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