Hedge funds, as measured by the Dow Jones Credit Suisse Hedge Fund Index, finished November up 0.64 per cent, with nine out of 10 strategies in positive territory. In total, the industry saw estimated outflows of approximately USD1.3bn in November,
Tradeweb Markets, a global marketplace for electronic fixed income, derivatives and ETF trading, has reported that Chinese onshore bond trading activity surpassed CNY697 billion (USD107 billion) since the launch of Bond Connect on 3 July 2017. More than 6,200 fully
Twenty five years ago this week saw the first formal adoption of the UCITS directive, since when it has gone through two further incarnations, with a third, UCITS IV, due next July.
Jersey is ideally placed to embrace the requirements of the Alternative Investment Fund Managers Directive (AIFMD), according to Jersey Finance and the Jersey Funds Association, following the publication of the European Commission’s Level II implementation rules this week. Acknowledging publication
ModusLink Global Solutions has entered into an investment agreement with Steel Partners Holdings, which together with certain affiliates, including Handy & Harman, beneficially owns 14.9 per cent of ModusLink’s outstanding shares. Under the terms of the agreement, Steel Holdings would
Asia has been the focus of strong investment and solid performance to boot this year as China, India and the ASEAN five continue to show strong economic growth.
Hedge funds continued to navigate current turbulences last week with reduced direct or indirect exposures, according to the latest Weekly Brief from Lyxor’s Cross Asset team. Lyxor says that the most decorrelating strategies continued to lead amid heightened uncertainties. CTAs
Syncova, a provider of margin and financing solutions to hedge funds and prime brokers, has signed hedge fund Platinum Partners Value Arbitrage Fund as a new client for its Syncova Optima platform. Founded by Mark Nordlicht in 2003 and managed
LCH.Clearnet SA, the Paris-based clearing house of LCH.Clearnet Group, and NYSE Euronext have reached an agreement on the main terms and conditions of a six year clearing contract with respect to NYSE Euronext’s continental cash equities markets. The parties
Fortress Investment Group has appointed Thomas Chan-Soo Kang as president, Fortress Asia. Kang will become a member of Fortress’s management committee and will have responsibility for business development, capital formation, strategy and management/administration in the Asia region. Kang will be
