Funds
Markov Processes International (MPI), a provider of investment research, technology, analytics and indices for the global investment management industry, has released the Stylus Pro 11.4, the latest version of its flagship investment analytics software.
The firm writes that new release introduces the ability to perform historical regime analysis and stress testing, as well as hypothetical scenario analysis, or ‘what-if’ shocks, on investment products and portfolios. It also introduces proxy-handling capabilities that enable users to extend analysis for shorter-lived funds.
MPI’s returns-based risk offering is focused on meeting the needs of its core clients—fund selectors and fund sellers. The firm’s industry-leading
Holger Mertens, Senior Portfolio Manager, Global Credit and Chia Woon Khien, Senior Portfolio Manager, Fixed Income at Nikko Asset Management examine the future for Chinese bonds in major indices…
In our publication “Will Investors be ready when Chinese bonds go global?” last October we raised the expectation that Chinese bonds could become eligible for inclusion in major bond indices. In March 2018, Bloomberg announced a conditional decision to include Chinese bonds in its flagship bond index: Bloomberg Barclays Global Aggregate, starting from April 2019. The index provider also intends to include China in the Global Treasury and the EM Local
As Bitcoin continues its recent rally, Jon Cotton (pictured), Head Strategist at global cryptocurrency prime brokerage BCB Group, has commented on why this latest move may point to a sustained move upwards for the currency in the medium-term.
“As trading volumes increase to sizeable levels and Bitcoin breaches our previously noted important resistance level of USD7740, according to our analysis the recent rally has put the currency back above an uptrend dating back to November. Bitcoin has also broken over its 50-day moving average for the first time since April, and finally broken north of the downtrend from the December high. In
USAVE Blockchain (USAVE) is to partner with GMEX Group (GMEX), a provider of exchange, post-trade and digital technology solutions, to build the digital Monaco Gold Spot Exchange (MGX) which will enable secure trading of physical eco-responsible gold.
GMEX will deliver the full GMEX Fusion technology suite to the new exchange as part of its Market Advancement Programme. As part of the agreement GMEX has also acquired a 30 per cent stake in USAVE.
USAVE provides an alternative ecosystem for today’s gold production and distribution standards. It enables an ethically sourced gold supply chain from the miner, with connected hardware recording
Alternative investment group Tages is to acquire a stake in VAM Investments, a private equity investment holding company specialising in growth capital and buyouts.
This strategic partnership marks Tages’ entry into the private equity sector as it continues to grow its business lines across alternative asset classes.
Under the agreement, Tages will acquire an initial 34 per cent of VAM Investments, while Francesco Trapani (pictured), a shareholder of Tages since the beginning of 2017, Deputy Chairman and member of the Board of Directors, will take a stake of 15 per cent via a direct investment.
Trapani will also
Volumes on FXSpotStream grew at the fastest rate of all reporting eFX cash venues during the first half of 2018.
Alan F Schwarz, CEO of FXSpotStream, says: “Our Average Daily Volume (ADV) was up 49 per cent in the first six months of 2018 versus the same period in 2017. During the first half of 2018 we supported a total of USD3.56 trillion reflecting an increase in overall volume of USD1.15 trillion when compared to the first half of 2017.
“In June we also crossed the USD30 billion ADV mark for the first time hitting an ADV high of
A new single structure for conducting both the fund and insurance element of insurance-linked securities (ILS) business is being devised in Guernsey.
Expert insurance lawyer Mark Helyar is leading the way with the development of “true convergence” in the ILS space where “capital markets and insurance markets meet”.
“My job is to put together structures to help them to invest in each other,” he said while speaking at the ILS Insight event organised by Guernsey Finance in Zurich. “The collateralised re market has become so big in recent years. With Cat bonds you’ve got risk looking for capital, and with
There was a pause in trade developments and solid corporate profits fuelled risk appetite last week pushing hedge funds strategies with the highest market beta higher, according to the latest Weekly Brief from Lyxor’s Cross Asset Research team.
CTAs outperformed thanks to their long positioning across most of asset classes. Last week, long equities and USD were the main contributor to their returns.
Market Neutral and L/S Equity were both supported by the recovery in Momentum stocks.
By contrast, Event-Driven underperformed, with both Merger Arbitrage and Special Situations in negative territory. In particular, spreads widened on several deals
The SS&C GlobeOp Forward Redemption Indicator for hedge funds measured 2.40 per cent for July, down from 4.17 per cent in June.
“SS&C GlobeOp’s Forward Redemption Indicator for July 2018 was 2.40 per cent, reflecting improved levels of redemption notices compared to the 2.57 per cent reported for the same period a year ago in July 2017,” says Bill Stone (pictured), Chairman and Chief Executive Officer, SS&C Technologies. “Through the first half of the year, redemption notices have continued to trend favourably, showing investors remain confident in their hedge fund allocations.”
The SS&C GlobeOp Forward Redemption Indicator represents the sum of forward
Investors withdrew an estimated USD7.88 billion from global hedge funds in June 2018, bringing overall Q2 2018 net flows for the industry to -USD5.43 billion, according to the eVestment June and Q2 2018 Hedge Fund Asset Flows Report.
Industry assets under management (AUM) stood at USD3.308 trillion at the end of the quarter and signs of industry consolidation continue to present themselves. Among investors, the new report shows a strong demand for funds that have performed well, with a preference for size, and clearly investors are willing to remove assets from those funds not meeting expectations.
Among primary strategies,
