According to the Bank for International Settlements (BIS), the notional amount of outstanding OTC contracts, as of June 2010, was USD582trillion, representing a gross market value of USD25trillion. The OTC market has historically been largely opaque, but things are changing.
Dutch hedge funds on average gained 1.31 per cent in September, as measured by the Finles/IEX Dutch hedge fund index. The index rose 11.48 per cent in the first nine months of 2009, outperforming the global hedge fund index. The
The Swiss banking Group SYZ & CO has reported assets under management of CHF28.7 billion at the end of December, a 14.5 per cent increase. The greater part of the CHF3.7 billion increase resulted from net inflows of new money
Paladyne Systems, a provider of technology and services to the global hedge fund industry, has formed a partnership with RiskMetrics, a provider of risk management and corporate governance services to the global financial community, to provide intra-day, daily and monthly
Radcliffe Capital Management has raised USD75m from two investors to deploy in its short duration yield strategy, offered to institutional investors through managed accounts. The strategy seeks to offer a solution for investors looking for attractive short-term yields without taking
By Charles Dumas – An undervalued country within a fixed-currency will tend to inflation, an overvalued country to deflation. Within the dollar fixed-currency zone, “Chimerica”, China is undervalued, America overvalued. America controls the currency issuance, though the Chinese have been
RMB Capital has joined forces with Mendon Capital Advisors to manage a long/short, financial services-focused US equity strategy. The strategy and team, led by portfolio manager Anton Schutz, will be part of RMB’s alternative investments unit, known as Iron Road
Northern Trust will provide correspondent trust and custody-related services for three financial institutions: Republic Bancorp in Louisville, Kentucky; Merrimack County Savings Bank in Concord, New Hampshire; and Essex Street Associates in Beverly, Massachusetts. Northern Trust delivers trust accounting and investment
UK-based investment boutique Camomille has launched its third product, The Camomille Leveraged Opportunities Fund, which systemises the trading behaviour of humans as reflected in the equity markets. The fund represents a leveraged, long/short version of a strategy that has been
The Lyxor Global Hedge Fund index, an investable index based on Lyxor’s hedge fund platform which tracks the overall hedge fund universe, was up 1.4% in April, lifting year to date gains to 2.1%. Macroeconomic data were reasonably supportive in
