Funds
BRI Partners has launched the BRI Quality Small Cap Index (BRIQSC), Powered by Wilshire. Created and owned by BRI Partners, LLC (BRI), with Wilshire retained as index consultant and calculation agent, this unique index provides a first of its kind enhanced beta benchmark for US small cap equities.
Adam Brass (pictured), founder of BRI, says: “The new BRI Quality Small Cap Index delivers enhanced beta returns previously available only through active strategies for a fraction of the cost. Investors and asset managers are deeply engaged in debate about alpha, beta, smart beta and passive versus active strategies. At BRI we
Last month, hedge funds posted their strongest performance since January as 2017’s performance drivers – Equity Hedge, Technology, Healthcare and Emerging Markets – led the way, according to HFRI.
The HFRI Fund Weighted Composite Index (FWC) gained 1.2 per cent in July, the ninth consecutive monthly gain and the 16th in the trailing 17 months, bringing YTD performance +4.8 per cent and extending the record Index Value to 13,571.
As previously reported by HFR, total hedge fund assets increased to USD3.1 trillion to conclude H1 2017, as the industry experienced net capital inflows for first time since Q3 2015.
Global advisory and fund administration fund Maitland is to acquire Guernsey-based Designated Manager, R&H Fund Services (Guernsey) Limited.
Other Rawlinson & Hunter businesses in the Channel Islands, including R&H Trust Co (Guernsey) Limited, Rawlinson & Hunter Limited and R&H’s Jersey businesses, have an entirely separate ownership structure and do not form part of the transaction.
Maitland, named Best Multi-Family Office and Best Wealth Planning Team at the Wealth Adviser Awards 2017, will offer its full range of Institutional Client Services through the Guernsey office, including long-only fund administration, transfer agency, hedge funds, private equity and real estate administration services
The dollar continued to depreciate against major currencies over the recent weeks, in a context where the US administration has struggled to gain reform momentum in the health care and fiscal areas; according to the latest Weekly Brief from Lyxor’s Cross Asset team.
The company writes that this is having far reaching market implications. In particular, this has contributed to fuel the rally in emerging market assets, both equities and fixed income, as local currency appreciation (vs the dollar) has disinflationary effects and provides ample room for monetary accommodation. Over the recent weeks, South Africa, Colombia, Brazil and India cut
The Quantitative Multi-Strategy program of Goldenwise Capital Management Inc., a volatility arbitrage and trend-capture manager based in Toronto, is now available on Kettera’s fast-growing Hydra marketplace.
Hydra is a global platform giving investors access to established and emerging alternative asset managers while providing daily transparency, intra-month liquidity and notional funding capabilities.
Goldenwise’s multi-strategy program is now available to Canadian investors through the newly launched Goldenwise Multi Strategy Fund, which invests in the Goldenwise cell listed on Hydra. Other investors can access the Goldenwise program directly through Hydra.
Goldenwise employs a model-driven volatility arbitrage and trend-following approach with its
Total securities market turnover value at the Singapore Exchange (SGX) was at SGD25.5 billion in July, up 14 per cent month-on-month (m-o-m) and up 21 per cent year-on-year (y-o-y), over 21 trading days.
There were 21 trading days in June 2017 and 20 in July 2016.
Securities daily average value (SDAV) was SGD1.2 billion meanwhile, up 14 per cent m-o-m and up 16 per cent y-o-y.
Market turnover value of Exchange Traded Funds (ETFs) was SGD259 million, up 30 per cent m-o-m and down 6 per cent y-o-y.
Market turnover value of structured warrants was SGD1.4 billion,
Following a frustrating period in June, three of the Societe Generale’s CTA indices posted positive performance in Jul, with the SG CTA index was up 0.73 per cent, but still down year to date at -2.74 per cent, the SG CTA Mutual Index meanwhile, up 1.61 per cent, making it the best performing index to date so far this year but still 0.85 per cent year to date.
Short term trading strategies had a mixed July, flat -0.08 per cent, and remain down 7.03 per cent year to date. Trend followers fared slightly better as the Trend Index outperformed at
Linedata is to acquire Quality Risk Management & Operations (QRMO), a leading specialist provider of outsourced middle-office, shadow accounting and risk monitoring services to the asset management and securities industries.
The acquisition of QRMO, a Hong Kong-based company with 30 employees, allows Linedata to expand its outsourcing business and enhance its presence across Asia. QRMO will now be able to expand its range of outsourced services by integrating Linedata’s broad range of technology solutions. This acquisition gives Linedata the ability to offer truly global, around-the-clock services to its clients.
The outsourcing market continues to grow across all Linedata’s markets
Ten new liquid alternative funds were launched in Q2 2017, including five equity hedge funds and five multi-strategy funds, according to Wilshire Funds Management’s Q2 2017 Liquid Alternatives Industry Monitor.
There were 21 liquidations during the period, which also saw a USD3.1 billion increase in the AUM of the total Liquid Alternatives Universe on the back of approximately USD3.2 billion in net inflows.
Multi-strategy funds experienced net inflows of USD1.06 billion, following five straight quarters of outflows, while capital continued to leave the Global Macro space for a third consecutive quarter, with USD0.69 billion in net outflows.
The July 2017 average daily transaction value on the Euronext cash order book stood at EUR7,454 million, up 20.4 per cent compared to July 2016 and down 9.6 per cent from the previous month.
The average daily transaction value on ETFs was EUR466 million, down 2.5 per cent compared to July 2016 and up 12.6 per cent from the previous month. The ETF offering increased this month to 824 listings at the end of July compared to 790 end of 2016.
The average daily volume on equity index derivatives reached 223,492 contracts in July 2017, up 24.9 per cent
