Funds
While all hedge fund strategies were up last week, special situations outperformed as their cyclical and turnaround positions surged, according to Lyxor’s latest Weekly Hedge Find Brief.
CTAs’ strong long equity exposure meanwhile, offset losses in their short Euro and in their long Euro bonds.
By contrast, hedges and relative positioning in global macro and L/S equity funds capped the upside.
Lyxor’s cross asset research team writes: “Markets and hedge funds were also supported by an upbeat earning season. In Europe, the fading political risk benefitted most reporting companies, with less regards to their fundamentals. Stocks rose across
BT has completed the acquisition of IP Trade, a provider of unified communications and collaboration solutions for trading floor environments and command-and-control dispatch centres, following approval by the UK’s Competition & Markets Authority (CMA).
As announced on 1 February, the acquisition of IP Trade will improve BT customers’ ability to unify trading and control room communications.
Teams will be able to collaborate across complex, global communities more effectively, using a blend of speech, video and messaging with the broadest range of fixed and mobile devices and applications.
Technology and operations groups will be able to integrate their enterprise
Alternative fund administrators have reported an increase in assets under administration (AUA) to USD7.64 trillion, up 14.15 per cent from the prior year, according to eVestment’s 2017 Alternative Fund Administration survey.
Highlighting the continued growth in third party administration of private equity funds, survey respondents, who cover hedge funds, private equity, real assets, funds of funds, and liquid alternatives, see private equity as the strongest area of anticipated business growth, as they did in last year’s survey.
Hedge funds came in second for anticipated growth and real assets came in third.
The survey represents the current state of
EEX Group sales revenue rose by 23 per cent to EUR234.2 million in 2016, as the group strengthened its core markets, increased its geographic reach and expanded into new business fields.
“As a result of our group-wide strategy, we were able to significantly increase our trading volumes in all markets and achieve new records in sales revenue and earnings before tax (EBT),” says Peter Reitz (pictured), chief executive officer of EEX.
Iris Weidinger, chief financial officer of EEX, adds: “We achieved this result through organic growth in our existing markets. The power and gas markets, in particular, contributed to
Otkritie Capital International’s FX Prime has seen a 96 per cent increase in turnover volumes since its full scale rollout 12 months ago.
The volumes consist of all activity across more than 10 FX venues, including electronic communication networks (ECNs) and liquidity providers (LPs) which have been added to the list available for clients, which covers majority of FX liquidity globally in G10 and major emerging currencies.
The existing and short-term scheduled product set includes cash FX (both non-disclosed and disclosed) and non-deliverable forwards (NDFs). Mid-term plans also include FX synthetic instruments like CFDs and access to non-disclosed FX
New York-based hedge fund firm Gondor Capital Management maintained its strong performance in 2017 as its funds, the domestic Gondor Partners LP and the offshore fund Gondor Funds LTD posted strong gains, outperforming their respective benchmarks.
In his monthly report to his investors, Gondor Capital portfolio manager Vincent Au says Gondor Partners LP gained 7.93 per cent while Gondor Funds LTD returned 7.29 per cent in the first quarter of 2017, beating their benchmark, with the HFRI Equity Hedge gaining only 3.62 per cent during the same period.
Month-to-date, Gondor’s funds also beat the average hedge funds with the
London and Paris based structured product firm Hilbert will be offering discretionary portfolio, investment and retail plan management services to its clients following approval by the Financial Conduct Authority (FCA) to extend its permissions in the UK.
Approval enables Hilbert to produce a broader range of products including structured product portfolios that cater to investors with specific requirements.
Hilbert founder Steve Lamarque (pictured) says: “We have seen an increased amount of interest in the UK for structured product funds. Therefore, I’m delighted that we can now offer these services to our clients and this in turn emphasises the start
By Ron S Geffner (pictured) – Successfully launching a private investment fund, involving hedging strategies, private equity, venture capital or real estate, is dependent upon selecting the proper corporate structure and complying with regulations promulgated by regulatory agencies that govern funds and their managers in the United States (US), including the US Commodity Futures Trading Commission (CFTC) and the US Securities and Exchange Commission (SEC).
Under certain circumstances, as discussed below, funds and their managers that are based in the US may also be subject to oversight by non-US based regulators. Structuring a fund involves both the creation of one
The ongoing performance difficulties experienced by CTAs in the current market are having a negative effect on investor demand, according to the Preqin Quarterly Update: Hedge Funds, Q1 2017.
CTAs suffered losses of 0.30 per cent in Q1 2017 and have returned -1.07 per cent over the past 12 months; in contrast, the wider hedge fund industry recorded its best start to a year since 2013 and generated gains of 11.65 per cent over the past 12 months.
The sustained underperformance by CTAs has been noted and the proportion of total hedge fund investor searches issued for CTAs fell
Axon Financial Systems, a provider of technology-enabled market data management, has launched its new brand and website, which includes an enhanced product platform offering a three-tier suite of market data management solutions.
The new platform, which includes the product suites AxonKnowledge, AxonManage, and AxonWorks, is designed to strengthen Axon’s core customer offering and lay the foundation for the introduction of additional new products and services in the future.
Since its launch in 2014 Axon has been disrupting the market data management industry by using technology to streamline market data reporting and administration.
Axon products ease the burden of
