Global adoption of smart beta strategies among the largest institutional investors is strong and growing, with Europe leading North America. A new Russell global institutional market survey, entitled Smart Beta: A Deeper Look at Asset Owner Perceptions, confirms that asset
J.P. Morgan has added its 40th derivatives collateral management client. The firm now has more DCM clients than any other major competitor. J.P. Morgan DCM clients are resident in markets including Canada, Denmark, Germany, Ireland, Luxembourg, the Netherlands, Norway, Switzerland,
NYSE Euronext has announced cash tender offers to purchase any and all of its outstanding USD750m 4.80 per cent notes due 2013 (US tender offer) and up to EUR250m of its outstanding EUR1bn 5.375 per cent notes due 2015 (Euro
Saemor Capital’s Europe Alpha Fund finished August on a positive tone registering a gain of 0.4 per cent. Consumer discretionary and automobiles were the biggest contributors to the fund’s returns, while Saemor’s net short position in banks hurt the performance.
Harness Investment Management Group is launching a mutual fund, the Harness Absolute Return Fund, which is expected to commence operations on 31 December 2009. Founded by Andre Mallegol and Don Yocham, both formerly with Pimco, Harness Investment Management Group focuses
Gross exposures remain well below historical levels among funds of hedge funds, according to Standard & Poor’s Fund Services latest update on the sector. S&P Fund Services lead analyst Randal Goldsmith says many funds of hedge funds are still dealing
The Dow Jones Credit Suisse Hedge Fund Index finished up 0.84 per cent for the month of August. Long/short equity (1.51 per cent) and multi-strategy (1.36 per cent) were the top performers among the ten sub strategies, while dedicated short
Salus Alpha has launched a commodity arbitrage fund which aims to take advantage of the difference between the S&P GSCI Total Return index and the S&P GSCI Spot Index. As of 13 November 2009, the Total Return Index had a
Hedge funds gained 1.09 per cent in August, according to the Barclay Hedge Fund Index compiled by BarclayHedge. The index is up 4.20 per cent year to date. “Equity prices moved mostly higher in August in spite of economic data
A majority of investors expects the US Federal Reserve to hold off from raising interest rates until the second half of 2010, according to a survey by BofA Merrill Lynch. Asked when they think the Fed will first increase rates,
