Funds
PanXchange, an OTC exchange and price discovery platform for physical commodities, is to distribute its proprietary pricing data for hydraulic fracturing proppants, better known as frac sand, through Quandl, a provider of financial and alternative data for financial professionals.
PanXchange provides the industry’s de facto benchmark prices for frac sand, considered by many to be a primary economic indicator. In addition, PanXchange currently offers an OTC marketplace for frac sand, allowing buyers and sellers to communicate directly as they navigate a 120 million-ton market.
Quandl, owned by Nasdaq, delivers financial, economic and alternative datasets to over 400,000 users, which include
The Wilshire Liquid Alternative Index, which provides a representative baseline for how the broad liquid alternative investment category performs, returned -1.27 per cent in May, underperforming the -0.68 per cent monthly return of the HFRX Global Hedge Fund Index.
The Wilshire Liquid Alternative Index family is a joint offering between Wilshire Funds Management, the global investment management business unit of Wilshire Associates, and Wilshire Analytics, creator of the Wilshire 5000 Total Market Index.
“May was characterised by a sharp reversal of sentiment from April,” says Jason Schwarz (pictured), President of Wilshire Funds Management and Wilshire Analytics. “Investors sought safe-haven
Hauck & Aufhäuser, via its subsidiary Hauck & Aufhäuser Fund Services in Luxembourg, has acquired a majority stake in Crossroads Capital Management Limited (CCM).
CCM is a well-established Alternative Investment Fund Manager (AIFM) and a UCITS management company based in Dublin, Ireland, specialising in a range of services for investment managers and fund promoters in Europe.
The acquisition which is subject to the approval of the Central Bank of Ireland adds an international component to the product portfolio of the core business segment Asset Servicing. After completion of the transaction, Hauck & Aufhäuser’s assets under control will amount to
Managed futures were unable to maintain momentum in May as the battering equity markets and oil prices took from trade wars and tariffs contributed to CTA funds dropping 0.19 per cent, according to the Barclay CTA Index compiled by BarclayHedge, a division of Backstop Solutions.
For the year-to-date, CTA funds remained in positive territory through the end of May, up 2.27 per cent.
Gainers and losers were evenly split in May among the eight CTA sectors tracked in the Barclay CTA indices, though all remained in the black for the year.
“While rallies in energy and equity markets propelled managed
The gross return of the SS&C GlobeOp Hedge Fund Performance Index May 2019 measured -0.92 per cent. Hedge fund flows meanwhile, as measured by the SS&C GlobeOp Capital Movement Index advanced 0.19 per cent in June.
“SS&C GlobeOp’s Capital Movement Index showed a gain of 0.19 per cent for June of 2019, reflecting positive net inflows. On a year-over-year basis, this gain was lower than the 0.48 per cent increase reported for the same period a year ago for June 2018, but was well within the range of normal variation,” says Bill Stone (pictured), Chairman and Chief Executive Officer, SS&C Technologies. “Overall,
Global trade disputes and oil price downturns took a toll on hedge funds in May, bringing an end to the industry’s four-month run of positive returns. For the month, the hedge fund industry was down 1.47 per cent, according to the Barclay Hedge Fund Index compiled by BarclayHedge, a division of Backstop Solutions.
By comparison, the S&P 500 Total Return Index was down 6.35 per cent for the month. Year-to-date through the end of May, hedge funds returned 5.23 per cent, while the S&P was up 10.59 per cent on the year.
“Hopeful signs from US-China trade talks vanished in
Crestbridge has established a branch of its Luxembourg Management Company (ManCo) in London as the business seeks to cement ties between the UK and Luxembourg and secure new opportunities post-Brexit.
The move comes after Crestbridge received formal regulatory approval to establish a branch of its EU-based ManCo, the ‘Crestbridge Management Company SA’, in London.
Operating out of Crestbridge’s existing London office in Mayfair, the branch is intended to act as a convenient point of contact for London fund managers making use of or exploring the potential offered by an EU ManCo as part of their European market access strategy.
Overall hedge fund industry returns turned negative in May after a four-month string of positive results to start off the year, according to the just-released May 2019 eVestment hedge fund performance data.
Aggregate industry performance stood at -1.55 per cent in May, with year-to-date (YTD) performance positive at +4.77 per cent.
Equities created much of the pain for the industry during May. Among primary markets, Equity strategies fell sharply in May, coming in at -2.61 per cent. YTD returns are still positive at +6.05 per cent. Among primary strategies, Event Driven – Activist hedge funds and Long/Short Equity funds
Tishman Speyer has agreed a lease with Capital Fund Management for space at Smithson Plaza, a refurbished estate at 23-27 St James’s Street, previously known as ‘The Economist Plaza’.
Founded in 1991, Capital Fund Management (CFM) is an alternative investment manager and a pioneer in applying quantitative and systematic trading strategies to capital markets across the globe.
Designed by renowned architects Peter and Alison Smithson and completed in 1964, Smithson Plaza comprises three mixed-use buildings (Tower Building, Bank Building and Residential Building) totalling approx. 81,000 sq ft arranged around an elegant central plaza.
Following the acquisition of the estate in
StatPro Group, an AIM-listed provider of cloud-based portfolio analysis and asset pricing services for the global asset management industry, has acquired the environmental, social and governance (ESG) research and index business unit (ECPI) from ECPI Group for EUR2.9 million (GBP2.6 million) in cash.
ECPI provides ESG indices and benchmarks and related services including constructing client specific benchmarks. It carries out ESG research and produces ratings on an active universe of approximately 3,500 companies (total universe of 4,500+) globally and uses these ratings to qualify companies for inclusion into a series of ESG investable indices, or to provide portfolio screening services.
The
