Funds
After a strong first quarter of the year, most alternative UCITS funds continued to edge higher in April with the LuxHedge Global Alternative UCITS Index posting a gain of 0.58 per cent bringing year-to-date results for the average fund up to +2.52 per cent.
Four out of five funds have posted positive results so far in 2019. Nearly every strategy index showed a positive performance, with funds in Macro and Merger Arbitrage leading the pack.
Within the Equity Hedge strategy group, Equity Long/Short funds had again a very good month with the LuxHedge Equity Long/Short UCITS Index up 0.78 per
Luzheng Futures & Guohai Liangshi Capital Management selected for cotton options market making, powered by Horizon.
Two of Horizon Software’s Chinese clients, Luzheng Futures and Guohai Liangshi Capital Management, have been named among ten companies granted market making licenses for the recently-launched cotton options market on the Zhengzhou Commodity Exchange (ZCE).
The new cotton options market in China is the second exchange-traded commodity option on the ZCE and the fifth commodity option in Mainland China.
Adrien Mastronardi, Head of Sales APAC at Horizon Software, says: “It is such a great honour to see our Chinese clients selected as part
Shore Capital Partners (Shore Capital) has formed Southern Ear, Nose, Throat and Allergy Partners (SENTA) and completed a strategic partnership with Northwest ENT and Allergy Center (Northwest ENT).
Northwest ENT is a leading ear, nose and throat (ENT) and allergy services provider with seven locations including two affiliated ambulatory surgery centres in the Greater Atlanta, Georgia metro area. The company offers comprehensive medical and surgical ENT and allergy services, including treatment for thyroid disorders, sinus conditions, ear pain, allergies, and throat disorders. Northwest ENT will continue to operate under its brand.
Shore Capital is partnering with Northwest ENT’s existing
Managed futures posted another positive month in April with a 0.85 per cent return according to the Barclay CTA Index, compiled by BarclayHedge. Nine of BarclayHedge’s 10 CTA indices had gains in April.
Year to date, the Barclay CTA Index has gained 2.28 per cent. All ten of BarclayHedge’s managed futures indices are now in positive territory for 2019.
“Four consecutive months of ongoing rallies in energy and global equity markets have provided a much needed tail wind for CTA performance,” says Sol Waksman, president of BarclayHedge. “An ongoing downtrend in agricultural markets provided a boost for trend traders at the
The European Energy Exchange (EEX) has revised the calendar for the 2019 auctions of EU allowances (EUA) and EU aviation allowances (EUAA) for the 25 EU Member States participating in the common auction platform (CAP2) to include the allowances of the EEA EFTA states, Norway, Iceland and Liechtenstein.
The auctioning of emission allowances on behalf of the EEA EFTA states will commence on Monday, 3 June 2019. The EEA EFTA states’ allowances are included within the auctions, which EEX already conducts on behalf of the 25 EU Member States.
The auction details remain unchanged: The primary market auctions on behalf
By Beatrice Bedeschi – Thanks to the shale oil revolution, the US is set to become one of the leading oil producing countries in the coming years. But with a global 0.5 per cent sulphur cap for marine fuels imposed by the International Maritime Organisation (IMO) coming into force on 1 January 2020, and global oil demand likely to reach its peak in the next decade, it won’t all be plain sailing for the US oil industry. Here, Hedgeweek discusses the prospects and challenges ahead with Doug King (pictured), CIO of RCMA Asset Management…
HW: How do you view global macro
Independent asset manager Carmignac is widening the availability of its strategies to UK investors with the launch of six locally domiciled funds.
This is a significant milestone for Carmignac’s UK offering and a natural step in the company’s European growth strategy.
These funds, with the exception of FP Carmignac European Leaders, have been available as Luxembourg-domiciled SICAVs. They will now all be structured as UK Open Ended Investment Companies (OEICs) sub-funds and will be available as such to UK investors:
• FP Carmignac European Leaders (Europe ex UK Equities)
• FP Carmignac Unconstrained Global Bond (Global Fixed Income)
Hedge funds extended their run of positive returns to four straight months in April, returning 1.21 per cent for the month, according to the Barclay Hedge Fund Index compiled by BarclayHedge.
By comparison, the S&P 500 Total Return Index rose 2.85 per cent in April. For the-year-to date through the end of April hedge funds returned 6.86 per cent while the S&P was up 19.32 per cent.
“Several factors buoyed investor sentiment in April, including US first quarter growth exceeding expectations and strong US consumer spending and March jobs reports,” says Sol Waksman (pictured), president of BarclayHedge. “Hopeful signs in
CME Group’s total open interest reached a record 138,185,824 contracts on 14 May 14, 2019. The previous record was 138,041,727 contracts set on 15 March, 2018.
Open interest (OI) represents the number of active positions that market participants are holding open without taking delivery or offsetting, a measure that typically increases during times of market uncertainty.
Since the end of 2018, overall CME Group OI has grown by 20 per cent, with five of CME Group’s six asset classes also seeing rising OI levels, including: interest rates, up 26 per cent; agricultural products, up 23 per cent; equity index products,
The Wilshire Liquid Alternative Index, which provides a representative baseline for how the broad liquid alternative investment category performs, returned 0.98 per cent in April, outperforming the 0.66 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.
“April marked a continuation of gains across risk assets, buoyed by economic growth, low volatility and a favourable credit environment,” says Jason Schwarz (pictured), President of
