Funds
City Financial, an independent investment management firm with USD4 billion in group assets under management, has partnered with Novia Global to offer three risk‐rated model portfolios to international financial advisers.
The City Financial Cautious, Moderate and Adventurous model portfolios are managed by the firm’s multi‐asset team, led by veteran fund manager Mark Harris.
The portfolios are managed within pre‐determined risk limits that are independently verified by Distribution Technology, a risk profiling company.
The portfolios will be marketed by Global Wealth Management Solutions (GWMS), a financial product marketing firm focused on global intermediaries. GWMS also distributes the City Financial
The European Energy Exchange (EEX) is to acquire US-based Nodal Exchange for a low triple digit million US-Dollar investment.
As a result, Nodal Exchange will become part of EEX Group.
Nodal Exchange, headquartered in Virginia, is a regulated futures exchange which offers a variety of electricity and natural gas contracts to hedge against price risks in the US. All of the transactions on Nodal Exchange are cleared through its clearinghouse, Nodal Clear, a derivatives clearing organisation under the Commodity Exchange Act that is regulated by the US Commodity Futures Trading Commission (CFTC).
Through this acquisition, EEX Group will
ETF specialist Elston Consulting has licensed its Elston Strategic Beta Global Minimum Volatility index (ESBGMV) to Commerzbank for the creation of an investable certificate that tracks the index.
The certificate is issued with an initial notional of GBP10 million.
Whereas most minimum volatility indices relate to a single asset class such as global equities, Elston’s approach was to launch an index that targeted the minimum volatility portfolio created from a globally diversified range of asset classes represented by low cost iShares exchange traded funds (ETFs).
The objective of providing diversified, differentiated returns with downside risk mitigation makes this
Lyxor Asset Management has partnered with Wells Fargo Asset Management (WFAM) to launch the Lyxor/Wells Capital Financial Credit Fund, adding a credit specialist to its alternative UCITS platform.
The fund concentrates primarily on fixed income credit instruments of global financial sector companies, with a European focus.
The strategy invests across the capital structure of financial companies including senior, subordinated and contingent convertible bonds while hedging currency risk.
The investment philosophy is based on the conviction that fundamental credit research, combined with active asset allocation within a risk controlled framework, has the potential to generate sustainable returns over the
Bitcoin exchange Kraken has acquired charting and trading platform Cryptowatch, which is used by traders to chart over 150 markets in real-time and trade up to 22 digital assets.
Cryptowatch has seen rapid growth in the past two years, increasing its active user-base by 700 per cent.
Cryptowatch founder Artur Sapek is joining Kraken to both continue developing Cryptowatch and lead the development of Kraken’s interface.
"In just two years Cryptowatch grew into one of the pillars of the digital asset trading community,” says Sapek. “Teaming up with an exchange was the natural next step, and Kraken was
Canadian hedge fund manager Arrow Capital Management has completed the merger of the Exemplar US High Yield Fund into the Exemplar Growth and Income Fund.
Unitholders approved the merger on 21 February 2017 at a special meeting, while on 27 February the fund also received regulatory approval.
The merger was completed after the close of business on 28 February 2017.
By Alan Chu (pictured), Meyler Capital – Heard the phrase, ‘A Diamond Is Forever’? Probably. It’s been in every De Beers engagement advertisement since 1948 (as of 2016), and was also awarded the “No1 Slogan of the Century” by Ad Age.
How did this famous slogan come about? A quick step back into history…
Diamonds were seen as an extravagance for the ultra-wealthy, and sales had been declining since the 1920s. The Great Depression caused sales to plunge further and diamonds became the furthest thing in most women’s minds. Diamond brokers worried about when the final killer blow would be
Investors redeemed an estimated net USD5.2 billion from hedge funds in January 2017, far below the USD19.3 billion removed in January 2016, according to eVestment’s Hedge Fund Industry Asset Flow Report.
Total industry AUM now stands at USD3.033 trillion.
January was, however, the fifth consecutive monthly outflow from hedge funds, making this the longest streak since six months of outflows ending December 2011. Outflows were primarily from funds underperforming in 2016.
Macro and commodity funds both began 2017 with positive investor sentiment. Losses throughout 2016 within larger managed futures funds though continued to weigh on flows into the
Man Group’s results for the financial year ended 31 December 2016 show funds under management went up 3 per cent over the year to USD80.9 billion, from USD78.7 billion at 31 December 2015.
Net inflows increased over the year from USD0.3 billion at end 2015 to USD1.9 billion and quant alternative assets increased by 20 per cent due to strong net inflows.
The group reports a positive investment movement of USD3.2 billion (2015: USD2.4 billion) against FX translation effects and other movements of -USD2.9 billion (2015: -USD3.0 billion).
The figures reveal a statutory loss before tax for the
Beaumont Capital Management (BCM), a provider of tactical, ETF-based investment solutions, has made its strategies available through HedgeCoVest, a unified managed accounts platform, and SMArt Xchange, an alliance partnership between HedgeCoVest and SS&C Advent.
The sub-advisory relationship with HedgeCoVest will offer investment advisors access to BCM’s defensive-oriented growth strategies through www.hedgecovest.com or through www.smartx.us for Advent clients.
“BCM is pleased that our tactical investment strategies have been selected as one of the first of their kind offered on HedgeCoVest’s growing platform,” says Bob D Peatman (pictured), director of national sales, Beaumont Capital Management. “We have seen strong interest and
