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Valu-Trac Investment Management has launched the VT WoodHill Foundation Absolute Return Fund, a UCITS-compliant UK large-cap equity OEIC authorised by the Financial Conduct Authority (FCA).
WoodHill Asset Management acts as an introducer appointed representative to Valu-Trac for work exclusively in connection with the VT WoodHill Fund. WoodHill’s Paul Wood is one of two founding partners at WoodHill and worked previously at Sloane Robinson and Everest Capital.
The fund owns a portfolio of high quality UK large capitalisation equities that are selected for strong fundamentals, including a low level of borrowings, earnings growth and value creation. When appropriate the fund
- 05/08/2014
- 05/08/2014
The CBOE Futures Exchange saw record trading volume in CBOE Volatility Index (VIX index) futures during non-US trading hours, with an estimated 68,033 contracts changing hands.
This record surpasses the previous record in non-US trading hours of 59,505 contracts set on 10 July.
In July, volume in VIX futures outside of regular US trading hours averaged more than 19,000 contracts per day, accounting for 9.9 per cent of CFE’s total daily volume.
The trading week for VIX futures at CFE now begins each Sunday at 5:00 pm CT and ends each Friday at 3:15 pm CT. Monday through
- 04/08/2014
Funds advised by Pamplona Capital Management have sold a large holding of mortgage backed securities that forms part of a securitisation structure backed by approximately 2,000 UK mortgages with a total value of approximately GBP285 million.
Pamplona sold the securities for over GBP85 million in a competitive process to funds advised by Davidson Kempner, a major US institutional investor.
The mortgages are spread across the UK, with more than 40 per cent being in London or the South East, and are loans against both owner-occupied and buy-to-let properties.
Pamplona acquired the underlying mortgages in 2010, having bought them
- 04/08/2014
Cees Vermaas, chief executive of Euronext Amsterdam and member of the managing board of Euronext, has resigned and will step down from his position immediately.
His replacement will be announced once Euronext has received approval from the regulators.
Jos Dijsselhof, chief operating officer of Euronext, based in Amsterdam, will be acting CEO of Euronext Amsterdam to ensure the smooth running of the business, until such time as the replacement is announced.
- 04/08/2014
- 04/08/2014
The CBOE Futures Exchange saw new single-day volume records for total trading volume exchange-wide at CFE and for futures on the CBOE Volatility Index on 1 August.
Total volume at CFE was an estimated 530,794 contracts traded, which surpassed the previous high of 452,139 contracts traded on 15 April 2013.
For VIX futures, an estimated 527,803 contracts traded, including an estimated record of 68,033 contracts during non-US trading hours. The record trading in VIX futures eclipsed the previous record of 449,955 contracts, also set on 15 April 2013.
Exchange-wide ADV during July was 197,368 contracts, a 46 per
- 04/08/2014
- 04/08/2014
The future of quantitative trading methods is at risk of being indistinguishable from anything else in a transition to a new quant landscape where its success will require significantly more data, says research by TABB Group.
“Micro-market structure arbitrate strategies are near full saturation across all asset classes, products and regions,” says TABB principal Paul Rowady, director of data and analytics (DnA) research who wrote “Propeller-Head Ubiquity: The Next-Generation of Quantitative Trading.”
It details the current landscape, views on the future landscape based on a March 2014 survey of market participants, recent regulatory filings by two leading proprietary trading
- 04/08/2014
The alternative UCITS market saw its AuM grow by 15.6 per cent to EUR184.2bn through the first six months of 2014 according to the Alceda Half Yearly UCITS Review. However, whilst inflows remain strong, performance has tailed off. Through the first half of 2013 alternative UCITS funds returned 5.95 per cent compared to just 0.52 per cent this year.
Having ended 2013 as the best performing strategy with gains of 12.3 per cent, the AH Equity Long Short Index was flat to the end of June 2014. Despite this, Equity Long Short strategies have seen AuM rise 66.8 per cent
- 03/08/2014
- 02/08/2014
BNP Paribas Securities Services is to acquire Prime Fund Services (PFS), a provider of fund administration, custody and banking solutions for alternative investment managers, from Credit Suisse.
The move is part of BNP Paribas Securities Services’ strategy to develop its global fund administration franchise. 


The transaction will result in a global fund administrator dedicated to alternative investment managers that will service over USD 231 billion of alternative assets.
The offering brings together PFS’ administration expertise in the alternative investment sector and BNP Paribas Securities Services’ extensive custody and depositary network and global reach.


PFS employs staff in
- 01/08/2014
The Morningstar MSCI Composite AW Hedge Fund Index, an asset-weighted composite of nearly 1,000 hedge funds in the Morningstar Hedge Fund database, increased 1.1 per cent in June, along with global stock and bond indices.
The MSCI World Index climbed 1.8 per cent while the Barclays Global Aggregate Bond Index rose 0.7 per cent.
The Morningstar MSCI Composite AW Hedge Fund Index has increased 3.7 per cent for the year through June.
“The second quarter was marked by volatility in small-cap and international equities,” says AJ D’Asaro, alternative strategies analyst for Morningstar. “However, despite increasing geopolitical tension in
- 01/08/2014
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