Funds
The August 2017 average daily transaction value on the Euronext cash order book stood at EUR6,045 million, up 24.8 per cent compared to August 2016 and down 18.9 per cent from the previous month.
The average daily transaction value on ETFs was EUR357 million, up 6.5 per cent compared to August 2016 and down 23.4 per cent from the previous month. Euronext’s ETF offering increased this month to 825 listings at the end of August compared to 790 end of 2016.
The average daily volume on equity index derivatives reached 217,978 contracts in August 2017, up 37.4 per cent
PEGAS, the pan-European gas trading platform operated by Powernext, has reported strong performance in August with a total volume of 164.5 TWh traded, an increase of 32 per cent compared to the previous year (August 2016: 125.0 TWh).
Growth in volumes was observed especially on the futures segment with 111.5 TWh, including a record for the CEGH VTP market area with 3.1 TWh, almost doubling its previous high established in March 2017 (1.7 TWh).
Spot trading volumes in August reached 53.1 TWh , up 6 per cent on the previous year (49,9 TWh). On the Dutch market area TTF,
The European Energy Exchange (EEX) and Global Dairy Trade (GDT) have signed a Letter of Intent to evaluate the possibility of working together to set up and operate an auction mechanism for dairy products originating in Europe.
Global Dairy Trade operates GDT Events, a twice-monthly public price discovery auction for generic, large-volume products. It is the leading dairy auction globally with over 520 registered bidders from more than 80 countries.
EEX’s offering for European dairy products includes financially settled futures on skimmed milk powder, butter and whey powder. Since the launch of agricultural products in mid-May 2015, the EEX
All seven of MV Index Solutions’ (MVIS) investable Long/Short Equity Indices recorded positive performance in August.
The MVIS Emerging Markets Long/Short Equity Index led the way with a return of 0.80 per cent followed by the MVIS Global Long/Short Equity Index (0/71 per cent), the MVIS Western Europe Long/Short Equity Index (0.60 per cent), the MVIS Asia (Developed) Long/Short Equity Index (0.48 per cent), and the MVIS Global Event Long/Short Equity Index (0.45 per cent).
The MVIS All World Long/Short Equity Index recorded 0.41 per cent, while the month’s lowest return was from the MVIS North America Long/Short Equity
Protos Cryptocurrency Asset Management is to hold an Initial Coin Offering (“ICO”) to raise capital for a data-driven crypto hedge fund that will invest solely in cryptocurrencies and tokens.
Protos tokens will be a security issued under the exemption from registration with the US Securities and Exchange Commission pursuant to Regulation D.
The founders of Protos; Matthew Shaw (pictured), Philipp Kallerhoff, and Thomas Kineshanko – have significant experience in the funds and cryptocurrency space. They have over a decade of combined experience investing in cryptocurrencies, have managed funds of over USD1 billion and Protos will be their third vehicle
Since 5 January 2010, EEX has auctioned more than 900 million emission allowances on behalf of the Federal Republic of Germany. Including the most recent 500th auction, revenue of approximately EUR6 billion has been generated in total.
These funds have been used almost completely for financing national and international climate protection measures.
The significant expansion of auctioning of emission allowances instead of the almost complete free allocation is one of the central steps forward which have been implemented in the European Emissions Trading System (EU ETS) for the current third trading period. “The allocation via auctions complies with
Hedge funds recorded positive net asset inflows totalling USD5.0 billion in Q2 2017, bringing total H1 2017 asset flows to USD24.7 billion, according to figures released by Preqin.
This marks a distinct contrast with 2016, which saw net industry outflows of USD110 billion across the year, although Q2 inflows do not approach the USD19.7 billion seen in Q1. With performance remaining robust in the second quarter, hedge fund industry assets under management grew to a record USD3.38 trillion, a 4.1 per cent increase from the beginning of 2017. However, capital flows were not even across the industry: while CTAs saw
SIX has reported strong results for the first six months of 2017 with an operating income of CHF 929.7 million for the period. Adjusted for special effects in the first half of 2016 (CHF29.9 million), operating income is up by 4.8 per cent.
Earnings before interest and tax (EBIT) adjusted for special effects rose by 14.7 per cent to CHF 164.0 million.
Group net profit was CHF124.5 million. Adjusted for the previous year’s special effects, this equates to an increase of 18.5 per cent.
Total capital managed by Emerging Markets hedge funds increased to a record level for the fourth consecutive quarter through mid-year 2017, as a synchronised improvement in global growth and increased investor risk tolerance continued to drive gains across regional equity markets.
Emerging Markets (EM) hedge fund capital increased to USD213.3 billion (RMB1.42 trillion, 672 billion Brazilian Real, 13.6 trillion Indian Rupee, 11.3 trillion Russian Ruble, and 800 billion Saudi Real), according to the latest HFR Emerging Markets Hedge Fund Industry Report by HFR.
Investors allocated new capital to EM hedge funds for the first time since Q2 2015, with
MainstreamBPO, one of Australia’s largest independent fund administrators, has announced an after-tax profit of AUD1.4 million for the twelve months to 30 June 2017, an increase of 38 per cent over the prior corresponding period. Revenue was up 56 per cent to AUD29.3 million.
MainstreamBPO services to 192 fund managers and superannuation trustees.
During the reporting period, funds under administration rose 35 per cent during the year to AUD119 billion, from AUD88 billion as at 30 June 2016. Over the same period, the number of funds administered grew from 435 to 667 funds.
Chief Executive Officer Martin Smith
