Funds
CBOE Holdings is rebranding as Cboe Global Markets in a bid to ‘better reflect the evolving nature and spirit of the company’. The change comes following the acquisition of Bats Global Markets (Bats) earlier this year.
The company’s new name, Cboe Global Markets, builds on the brand capital of CBOE and the global reach of the Bats business. Cboe is now pronounced ‘See-bo’ instead of ‘C-B-O-E’, a change the company says signals how it has greatly expanded beyond its options heritage to a business with multiple asset classes and a much larger global footprint.
Ed Tilly (pictured), Chairman and
Granite Shore Power, a newly-formed joint venture between Atlas Holdings and Castleton Commodities International (CCI), has submitted the winning bid of USD175 million to acquire select generating assets of Eversource Energy.
These assets total 1,130MW of capacity and include the Newington, Merrimack, Schiller, Lost Nation and White Lake power generation facilities. PSNH is a public-investor owned utility. Its portfolio of generation assets is being divested pursuant to a process governed by a 2016 Order of the New Hampshire Public Utility Commission.
Atlas owns and operates co-generation units at several of our industrial operations as well as Greenidge Generation, a
The Lyxor Hedge Fund Index was up 0.8 per cent for October, with six out of nine Lyxor indices in positive territory according to the company’s latest Alternative Investment Industry Barometer.
Global Macro funds recovered with all portfolios contributing to the performance. CTAs underperformed, hit by rising bond yields and the strengthening of the USD.
“While 2015/16 proved challenging for active investors, 2017 is offering a much better vintage for the hedge fund industry,” says Jean-Baptiste Berthon (pictured), Senior Cross-asset Strategist, Lyxor Asset Management. “Market drivers were less speculative (fading influence from politics and monetary decisions), which led assets
Managed futures trades fell back after two previous months of gains, losing 0.72 per cent in September, according to the flash estimate for the Barclay CTA Index compiled by BarclayHedge.
“The Fed’s mid-month confirmation that it was unwinding QE precipitated trend reversals in bond yields, the US Dollar Index, and gold,” says Sol Waksman (pictured), founder and president of BarclayHedge. “In spite of the ongoing rally in global equities, there were several treacherous crosscurrents in motion during September and successful navigation was difficult.”
Agricultural (+0.40 per cent), Discretionary (+0.27 per cent) and Currency (+0.24 per cent) all recorded modest
Man Group’s trading statement for third quarter 2017 revealed funds under management of USD103.5 billion, up 28 per cent year to date from a 30 June figure of USD95.9 billion.
The largest publicly listed hedge fund saw the quarterly net inflow of USD2.8 billion come into alternative risk premia and emerging market debt strategies, and a total positive investment movement of USD3.3 billion in the quarter.
FX movements driven by the weakening of the US dollar against the Euro and Sterling created positive FX movements of USD0.9 billion in the quarter. Man Group has also announced its decision to absorb
The gross return of the SS&C GlobeOp Hedge Fund Performance Index for September 2017 measured 0.67 per cent.
Hedge fund flows as measured by the SS&C GlobeOp Capital Movement Index declined 0.95 per cent in October.
“SS&C GlobeOp’s Capital Movement Index for October, 2017 of -0.95 per cent reflects net outflows in line with normal seasonality,” says Bill Stone (pictured), Chairman and Chief Executive Officer, SS&C Technologies. “In fact, on a year-over-year basis, the -0.95 per cent for October, 2017 compares quite favorably to the -1.75 per cent reported a year ago for October, 2016. This year-over-year reduction in
The Wilshire Liquid Alternative Index, which provides a representative baseline for how the broad liquid alternative investment category performs, returned 0.32 per cent in September, underperforming the 0.60 per cent 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 Incorporated, and Wilshire Analytics, creator of the Wilshire 5000 Total Market IndexSM.
“While most strategies performed well this month, CTAs were the one strategy that performed poorly, given the significant move in US rates as well as the
All six of IndexIQ’s IQ Hedge Indexes recorded positive performance in September.
Returns were led by the IQ Hedge Long/Short Index, up 1.18 per cent for the month, followed by the IQ Merger Arbitrage Index, which returned 1.10 per cent in the period. The IQ Hedge Long/Short Index is also the top performing index in this family on a year to date (YTD) basis, up 11.02 per cent for the year through September.
“Global markets turned in strong performance in September with domestic indices lagging behind international,” says Salvatore Bruno (pictured), IndexIQ’s Chief Investment Officer. “Earlier in the month,
TransFICC, a provider of low-latency connectivity for fixed income and derivative markets, has secured EUR1 million in early stage investment from capital markets specialists, Illuminate Financial and Frankfurt based early stage investor in FinTech, Main Incubator.
TransFICC provides banks and asset managers with an alternative to maintaining connectivity to multiple e-Trading venues, offering a unified low-latency, robust and scalable API. TransFICC enables financial institutions to access their required eTrading venues, while streamlining technology requirements and reducing operational costs. Its co-location or cloud-based hosting technology also supports microsecond timestamping of data, helping to provide an audit trail for best execution requirements.
DC Thomson is partnering with Electronic Research Interchange (ERIC) to develop its bespoke investment research offering for the post-MiFID II world. This transaction will see DC Thomson acquire a material stake in ERIC.
The partnership will enable ERIC to create tailored research solutions for both investment managers and research providers, using DC Thomson’s digital publishing experience to source and deliver quality research content that caters to their specific needs. ERIC has chosen a non-financial services industry partner to retain the independence of its proposition and to benefit from DC Thomson’s indexing technology and expertise. As a new industry of investment
