Funds
Vanguard has launched the Vanguard Commodity Strategy Fund (VCMDX) for investors seeking low-cost exposure to the commodities market.
The fund will be offered in Admiral Shares, with an estimated expense ratio of 0.20per cent, which is one-sixth the 1.24per cent average expense ratio of competing broad-based commodity-linked funds.
Vanguard Commodity Strategy Fund employs an actively managed approach and seeks to offer diversification to a traditional stock/bond portfolio and a hedge against inflation by investing in a mix of Treasury bills (T-bills) and short-term treasury inflation-protected securities (TIPS). The fund’s objective is to seek to provide broad commodities exposure and
CMC Markets, a spread betting and contracts for difference (CFD) provider, is rolling out to its customers the ability to spread bet and trade CFDs on three new cryptocurrency indices.
The new indices are bespoke to CMC. Their creation and management in-house gives the company full control over composition and absolute transparency in terms of pricing. Each index is made up of a different range of ‘major’ and ‘emerging’ coins. Clients are able to gain economic exposure to a wide range of cryptocurrencies in a cost-effective manner, from a single transaction. Crypto index spreads will also typically be tighter than
MackeyRMS, a provider of research management software, has secured a significant equity investment from Resurgens Technology Partners.
The partnership makes MackeyRMS the third FinTech investment in Resurgens’ USD200 million flagship private equity fund, and will enable the Company to accelerate investment in its market-leading software, expand its global presence and enhance the overall customer service experience.
MackeyRMS is a rapidly growing provider of SaaS-based research management software built for today’s modern buy-side investment firms, including global asset managers, asset owners, hedge funds, fund-of-funds and private equity funds. The platform unites existing workflows with disparate data sources to streamline research
Itiviti, a technology and service provider to financial institutions worldwide, has partnered with MIK Fund Solutions, software development firm focusing exclusively on the asset management industry.
MIK OMS integrates in/outbound FIX messaging with all major EMSs via direct FIX connections and hosted connections provided and managed by Itiviti’s NYFIX order routing network. This gives MIK clients access to the NYFIX service delivery platform.
“When we decided to launch our new OMS business, we began looking for a connectivity partner and decided that joining Itiviti’s Global Alliance Program (GAP) was the best option,” says Marshall Saffer, COO at MIK. “NYFIX
Following the recent launch of new power products for Central and South-Eastern Europe (CSEE), the European Energy Exchange (EEX) has successfully registered trades in three new markets.
In total, 367,248 MWh were traded in the new products for Bulgaria, Serbia and Slovenia in the first three weeks extending the EEX offering in power derivatives to 20 European markets.
“With these new products, we offer our market participants additional trading opportunities and hedging tools for the rapidly developing CSEE markets,” says Steffen Köhler (pictured), Chief Operating Officer of EEX. “The promising trading volumes in the first days after the launch demonstrate
The SS&C GlobeOp Forward Redemption Indicator for June 2019 measured 3.81 per cent, up from 3.21 per cent in April.
“SS&C GlobeOp’s Forward Redemption Indicator of 3.81 per cent for June 2019 reflects lower redemptions compared to 4.17 per cent reported for the same period a year ago for June 2018,” says Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies. “This marks the third consecutive month of improved year-over-year readings for redemption notices, indicating strong investor confidence in hedge fund managers’ ability to provide attractive risk-adjusted returns in the face of highly volatile markets.”
The SS&C GlobeOp Forward Redemption Indicator
The Eurekahedge Hedge Fund Index was down 0.71 per cent in May, bringing its year-to-date return to 4.32 per cent. Roughly 15.0 per cent of the hedge fund managers comprising the index have recorded double-digit gains over the first five months of the year.
The global hedge fund industry AUM has grown by USD0.5 billion as of May 2019 year-to-date. Final Q1 2019 net outflows figure stood at USD46.4 billion, just under half of the investor redemptions totalling USD94.7 billion seen in the final quarter of 2018.
The Eurekahedge Asia ex Japan Hedge Fund Index was up 5.51 per cent
Nomura Alternative Investment Management (NAIM), a London and Paris-based quantitative investment manager within Nomura Group has launched the Nomura Diversified Absolute Return UCITS Fund.
The Fund aims to deliver absolute returns with a low volatility profile (close to 3 per cent pa), low correlation to traditional asset classes and low drawdowns. It will aim to achieve its objective by capturing a diversified portfolio of risk premia across fixed income and currency markets through a strategic allocation using systematic quantitative strategies.
Managed from Paris, strategic changes will be overseen by NAIM’s Investment Committee which is led by Laurent Michel, NAIM’s
PEGAS, the pan-European gas trading platform of EEX Group, operated by Powernext, has introduced spot and futures contracts for the Spanish Virtual Balancing Point (PVB).
Physical spot products (Within-Ahead, Day-Ahead and Week-End contracts) and physically delivered futures contracts (Month, Quarter, Season and Calendar Year products) are now available for trading and will lead to the delivery of natural gas at the PVB hub, which is operated by ENAGAS. All transactions are cleared through European Commodity Clearing, the central clearing house of the EEX Group.
On Wednesday 19 June, a first trade was registered between Centrica Energy Trading and Danske Commodities
Crystal Capital Partners, the operator of an alternative investments platforms for financial advisors and their qualified purchaser (QP) investors, has reported 46 per cent growth in its advisory partnerships since January 2018.
CEI Steven Brod says: “With 25 years of alternative investment experience, it is our ongoing commitment to remove the complexities and barriers to entry associated with alternative investments, and work with a network of willing partners that want to leverage our expertise, technology and infrastructure. We are forever grateful to all of our partners, and fully intend to evolve and flourish with them every step of the way.”
