Funds
GMEX Group, a provider of multi-asset exchange trading, post trade business solutions and technology, has taken a leading role in the initial consortium to launch the Mauritius International Derivatives and Commodities Exchange (MINDEX), through the GMEX Market Advancement Programme (GMEX MAP).
It is hoped that MINDEX will become a multi-commodity and derivatives exchange platform with full regulatory oversight by the Mauritius Financial Services Commission.
Following the opening of its regional headquarters in the Mauritius International Financial Centre (IFC) last year, GMEX has been working closely with the British High Commission Mauritius and Department for International Trade (DIT) Mauritius. The DIT
Quantitative hedge fund WPT believes there’s a ‘significant’ risk of a market correction in 2018 and is preparing for probable market turbulence.
While accelerating global growth, corporate tax reform and a business-friendly administration in the US have contributed to market gains, it’s not clear these factors justify current valuations, especially considering debt to GDP levels globally.
The best global economic growth in seven years has helped a multi-year bull rally in stocks. The current S&P 500 Index’s price to earnings ratio of about 25.07 (as at 22/6/18), also the S&P 500 price to sales ratio sits a significant premium at 2.24 compared with
Dutch gas transmission system owner and operator, Gasunie Transport Services, is to use pan-European gas trading platform PEGAS for the determination and provision of the Neutral Gas Price (NGP).
Gasunie Transport Services is pleased that after a temporary use of the day-a-day reference price of PEGAS, GTS and PEGAS found a future-proof solution for determining the neutral gas price. GTS will use the neutral gas price, among other things, for the settlement of off-line allocations and Linepack Flexibility Services for shippers. The price will be provided and published by an Exchange, according to European and Dutch regulations. The neutral gas
The SS&C GlobeOp Forward Redemption Indicator for June 2018 measured 4.17 per cent, up from 3.47 per cent in May.
“SS&C GlobeOp’s Forward Redemption Indicator for June 2018 was 4.17 per cent, an increase from the 3.59 per cent reported for the same period a year ago for June 2017,” says Bill Stone (pictured), Chairman and Chief Executive Officer, SS&C Technologies. “Recent months’ redemptions are running somewhat higher than the very low levels seen in 2017, but remain in line with historical averages.”
The SS&C GlobeOp Forward Redemption Indicator represents the sum of forward redemption notices received from investors in hedge funds
Apis Capital Management has launched the Apis Token which is designed to enable investors to profit from an actively managed investment strategy, which it says has returned over 70 per cent per year since inception, while benefiting from the liquid and tradeable nature of blockchain-based tokens.
The token will begin its private presale this June, is built using the Steller network and leverages its state of the art blockchain technology that benefits from best in class speed, efficiency, security and lowest transaction fees.
Dr Edgar Radjabli (pictured), Managing Partner of Apis Capital Management, says: “One major advantage is that
Hedge fund launches exceeded liquidations in Q1 2018 for the third consecutive quarter, as both launches and liquidations fell through early 2018, according to the latest HFR Market Microstructure Report, released today by HFR.
An estimated 158 funds launched in Q1 2018, down from 190 in Q4 2017, the lowest quarterly new launch total since 153 funds were started in Q4 2016.
Fund liquidations also declined in early 2018 after falling sharply in 2017, with 145 funds liquidating in Q1 2018, compared to 259 in the same period last year, the lowest total since Q3 2017, and the second
Artivest, a financial technology firm based in New York, and Altegris, an alternative investment manager based in San Diego, have successfully closed their previously announced merger.
The merged company, named Artivest, is headquartered in New York and California. Artivest serves over 10,000 clients worldwide, with approximately USD3 billion of asset flows, USD2.5 billion of which are alternative assets under management. Artivest’s digital alternative investment platform is a fully-encrypted online marketplace for qualified investors and financial advisors seeking access to world-class private equity, hedge fund, real assets and managed futures strategies, among others.
“Artivest is now the largest independent alternative
Apex Group (Apex) has completed the acquisition of Deutsche Bank Alternative Fund Services (Deutsche Bank AFS), adding USD170 billion in assets under administration to the Group’s portfolio in the process.
First announced in October 2017, the acquisition of Deutsche Bank AFS strengthens Apex’s breadth of service, including the addition of depositary and custody services, and builds on the strong working relationship and history of collaboration between the two companies. With the successful close of this transaction, Deutsche Bank AFS employees will be fully integrated into the Apex team, and Deutsche Bank AFS clients will gain immediate access to an additional 18
Hedge funds posted their second consecutive month of gains, up 0.33 per cent in May and 0.48 per cent year-to-date.
Performance has varied sharply with small to medium sized hedge funds delivering gains while funds managing in excess of USD500 million in assets seeing losses of 0.34 per cent with their sub-group of billion dollar hedge funds declining 0.88 per cent in May.
Total hedge fund assets grew by USD26.4 billion over the past five months, which compares with a growth in total AUM of USD92.9 billion over the same period last year. Investors have been selective in
Olga Chernova, is founder and CIO of Sancus Capital, a long short credit manager and one of the leading female figures in the credit space. Raised in the former Soviet Union, she moved to the United States when she was 16 and had a distinguished career at Goldman Sachs and JP Morgan trading credit derivatives before founding Sancus in 2009.
Chernova says: “We are a credit fund focused on arbitraging inefficiencies in the credit markets using derivatives and structured products.”
The fund has USD150 million under management from insurance companies, a fund of funds and family offices. It has annualised
