Funds
Jersey’s funds industry continued to see a rise in the number of alternative fund managers choosing to market their funds through national private placement regimes (NPPR) in the second half of 2018, according to the latest figures from Jersey’s financial regulator.
Data from the Jersey Financial Services Commission (JFSC) shows that the number of Jersey-registered managers opting to market into the EU through NPPR rose 4 per cent between July and December 2018, and by 13 per cent compared to December 2017, to stand at 168.
Meanwhile, the total number of Jersey alternative funds being marketed into the EU
LiquidX, a global network for illiquid assets, transacted a record USD7.4 billion in 2018, as year-over-year trading volume soared 40 per cent. The platform handled four times as many unique credits in 2018 than in previous years.
“Our clients transacted hundreds of different credits in 2019, while using multiple structures across 25 different legal jurisdictions,” says Glenn Kocher (pictured), Head of Sales and Client Services at LiquidX. “Whether you are a corporate treasurer, a bank or an institutional investor, having that scope of execution in one place is extremely powerful.”
Novelis, the leading producer of flat-rolled aluminium products and
Liontrust, the specialist fund management group, has expanded its Sustainable Advisory Committee through the appointment of Valborg Lie.
Lie has extensive experience and knowledge of Sustainable Investment, including through her previous role as Head of Responsible Investment (RI) with the Asset Management Team at the Norwegian Ministry of Finance, which holds the role of principal for the Norwegian Government Pension Fund Global.
She is Founding Director of Borg Consulting, which advises investors on the development and implementation of RI policies and practices, including stewardship activities and ESG (Environmental, Social and governance) integration.
During the autumn of 2017, Lie
IDFC Asset Management Company (AMC) has launched the IDFC India Equity Hedge – Tactical Fund, an AIF Category III offering, which will follow a Tactical Long/Short Equity strategy.
The fund will have significantly higher net exposures, typically ranging between -40 per cent to +120 per cent, to have higher participation in equity market movements on both sides.
Vishal Kapoor (pictured), CEO, IDFC AMC, says: “With the current market volatility, investors are looking for a fund that can provide absolute returns irrespective of the market cycle or how the interest rates are moving. Also, as the fund’s return and risk
Managed futures stumbled out of the gate to start 2019, with the Barclay CTA Index, compiled by BarclayHedge, down 0.43 per cent for the month.
All but two of the Barclay Managed Futures indices were in negative territory for January, as CTA funds were generally unable to build on their modest gains of the final two months of 2018.
“After precipitous price declines in December, most CTAs found themselves on the wrong side of the street in January as energy and equity prices unexpectedly rose from the ashes of the previous month and rebounded sharply,” says Sol Waksman, president
OKEx, a Malta-based digital asset exchange, recorded 223 per cent growth in monthly trading volume in the two months following its launch.
Perpetual Swap is the latest product in OKEx’s derivatives lineup, with nine types of contracts available for trading at the moment. BTC, ETH, and EOS perpetual swaps have a contract face value of USD100-equivalent and feature a leverage level of 1-100x. While for BCH, BSV, ETC, LTC, and XRP perpetual swaps, the contract face value is USD10-equivalent and they feature a leverage level of 1-40x. The TRX perpetual swap has a contract face value of USD10 with a
Investor optimism spurred by a variety of favourable conditions pushed hedge funds to a solid start in 2019 with a 3.88 per cent return in January, according to the Barclay Hedge Fund Index compiled by BarclayHedge, a division of Backstop Solutions.
All of Barclay’s 31 hedge fund indices ended the month with gains.
By comparison, the S&P 500 Total Return Index climbed to 8.01 per cent in January. Strong stock market results and relief from the equity market volatility of recent months clearly contributed to hedge funds’ positive performance in January.
“A robust January effect stock market
The Eurekahedge Hedge Fund Index was up 2.32 per cent in January, as the risk-on sentiment returned to the market, propelling the MSCI AC World Index (Local) up 7.36 per cent during the month.
That’s according to the February 2019 Eurekahedge Report which reveals that throughout 2018, hedge fund managers posted losses of 4.08 per cent, outperforming the global equity market which slumped 10.18 per cent over the year.
The global hedge fund industry saw its assets decline USD154.4 billion throughout 2018, down 6.3 per cent from its end-2017 figure – the largest yearly percentage drop since 2008, as
The MJ Hudson Allenbridge Alternative Risk Premia Fund Review 2019 estimates that there are now from USD150 billion to USD200 billion of assets in global alternative risk premia funds following a long/short, multi-strategy approach. This estimate excludes strategy offerings by investment banks.
The 2019 survey was conducted using an online questionnaire of 25 asset managers representing the majority of the assets (USD120 billion) managed in this market.
Despite the challenges with performance, 46 per cent of our survey respondents reported AUM growth in excess of 20 per cent in 2018. Larger managers experienced faster growth than smaller managers.
The average
Hedge fund redemptions reached USD42.3 billion in December, according to the Barclay Fund Flow Indicator, published by BarclayHedge, the largest monthly outflow in at least five years.
Data from the nearly 6,000 funds included in the BarclayHedge database showed the December activity of hedge fund investors worldwide (excluding CTAs) producing a fourth straight month of net redemptions, exceeding September’s USD39.1 billion, at the time a five-year high.
“December redemptions were driven by both global and regional factors,” says Sol Waksman, president of BarclayHedge. “Globally investors worried about volatile equity markets, the threat of a worldwide economic downturn, drops in
