Funds
Estera played a key role in Bermuda’s thriving Insurance Linked Securities (ILS) market in 2017, and predicts another good year in 2018.
The European Energy Exchange (EEX) achieved a total volume of 240.9 TWh on its power derivatives markets in January 2018(January 2017: 291.1 TWh), with 140.3 TWh traded at EEX via Trade Registration with subsequent clearing.
Clearing and settlement of all exchange transactions was executed by European Commodity Clearing (ECC).
On the markets for France (23.8 TWh, +42 per cent), Spain (5.3 TWh, +30 per cent) and Italy (46.6 TWh, +89 per cent), EEX was able to significantly increase volumes year-on-year. On the German markets, nearly 80 per cent of the total volume was traded in the Phelix-DE Future which
In 2018 to date, a total of 5,949,142 transactions have been executed on SIX Swiss Exchange and SIX Structured Products Exchange, a year-on-year rise of 41.6 per cent.
There were 5,731,066 trades in the equities including funds + ETPs segment, equating to an increase of 42.3 per cent. There were 32,971 transactions (+10.6 per cent) in the CHFbonds segment.
In 2018 to date trading turnover across all securities is up 3.5 per cent on the corresponding period in the previous year at CHF124.7 billion.
Average daily trading turnover in January 2018 came in at CHF5.9 billion. This increase
Carey Olsen has advised entities managed by The Carlyle Group and affiliates of Värde Partners on the AUD1.2 billion restructure and recapitalisation of the Bis Industries group, an Australian resources logistics and materials handling provider.
VIA AM has partnered with Societe Generale to launch two Smart Income equity funds, which aim to offer exposure to companies benefitting from high dividend payouts and solid fundamentals, while halving the risks associated with equities.
This collaboration allows VIA AM to use its expertise in fundamental systematic strategies and hedging, while drawing upon Société Générale’s globally recognised know-how in derivatives and leading infrastructure.
The two funds, Solys VIA Smart Income Europe and Solys VIA Smart Income World, aim to generate net returns of 4-5 per cent per year, more than 20-25 per cent above their benchmarks. Thanks to
2017 marked the first time the Preqin All-Strategies Hedge Fund benchmark has seen a full calendar year of positive monthly returns.
Full-year performance of 11.41 per cent for the industry – the highest level since 2013 – has improved investor confidence in the asset class, and prompted four quarters of net inflows of capital. Seventy-two per cent of investors feel their hedge fund portfolios met or exceeded expectations in 2017, a reversal from the year before, in which 66 per cent of investors thought they had underperformed.
This confidence has led to net inflows of almost USD50 billion across
The State Street Global Investor Confidence Index increased to 102.1 in January, up 6.4 points from December’s revised reading of 95.7.
Investors across all regions showed an improved appetite for risk, with the European ICI rising by 16.0 points to 113.4, the Asian ICI increasing by 6.1 to 100.8, and the North American ICI increasing by 1.7 points to 97.2.
The Investor Confidence Index was developed by Kenneth Froot (pictured), and Paul O’Connell at State Street Associates, State Street Global Exchange’s research and advisory services business.
It measures investor confidence or risk appetite quantitatively by analysing the actual
Inverdale Capital Management (Inverdale), an asset manager focused on alternative investments, has announced a strategic partnership with Ballast Asset Management (Ballast).
Ballast, founded in 2015 and led by Portfolio Manager Ragen Stienke (pictured), pursues a value-oriented, long-only strategy focused on investments in publicly-traded small and mid-cap equities. Prior to founding Ballast, Stienke served as Senior Portfolio Manager for Westwood Management’s SMidCap Equity strategy. Stienke and his team will join Inverdale and operate as a wholly-owned independent subsidiary.
“We are excited to partner with Ragen in scaling his strategy,” says Ryan Small, managing partner of Inverdale. “We have tremendous confidence
Net sales of UCITS and AIF totalled EUR68 billion in November 2017, down from EUR84 billion in October, according to the European Fund and Asset Management Association’s (EFAMA) latest Investment Funds Industry Fact Sheet.
UCITS registered net sales of EUR59 billion in the month, down from EUR75 billion in October. Long-term UCITS meanwhile, (UCITS excluding money market funds) recorded net sales of EUR60 billion, up from EUR57 billion in October, while net sales of equity funds totalled EUR25 billion, up from EUR12 billion in October. Net sales of bond funds totalled EUR28 billion, up from EUR26 billion in October, and net sales of multi-asset funds totalled EUR18 billion, up
Persistent trends across asset classes have continued to fuel CTA returns over recent weeks, writes Lyxor in the latest Weekly Brief from its Cross Asset Research team.
According to several benchmarks of performance, January is on track to see them delivering the highest monthly returns in a decade. Such exceptional performance results from the solid upward trend in equity indices, amid buoyant economic conditions globally and the soft pace of monetary retrenchment from central banks. Meanwhile, the current US earnings season is proving to be a good vintage so far, though less than 30 per cent of the companies listed
