Funds
HFR reports that total capital invested in Emerging Markets (EM) hedge funds climbed to a record level to begin 2017, as energy commodities and the US dollar posted strong gains. Assets dedicated to EM funds increased to USD200.7 billion (1.38 trillion RMB, 622 billion Brazilian Real, 13.4 trillion Indian Rupee, 11.6 trillion Russian Rouble, 753 billion Saudi Real) to end 4Q16.
For FY 2016, EM hedge fund capital increased by USD9.3 billion, despite net investor outflows of USD4.8 billion. As previously reported by HFR, total hedge fund assets globally increased by USD121.6 billion in 2016, ending the year at USD3.02
Following the appointment of Mike Ward in October 2016 to head new business development, Global Prime Partners has launched a new structured products business.
Matt Robinson will serve as head of structured products sales, while Ross Trotman has been appointed as head of structuring.
The structured products division, initially for UK onshore clients, aims to provide clients with streamlined access to the best issuers of structured products combined with bespoke technology and tailored customer service.
Ward (pictured) says: “We have been fortunate to work with a great panel of issuing banks and developed a bespoke structured products platform
January data from Eurekahedge reveals that hedge funds started the year up 0.87 per cent in January with managers reporting performance-based gains of USD1.3 billion.
Investor subscriptions stood at USD1.2 billion during the start of the year. In annual year 2016, final asset flow figures show that manager saw redemptions totalling USD55.1 billion while performance-based gains stood at USD35.1 billion over the same period.
For annual year 2016, AUM for European mandated hedge funds declined 5.47 per cent with strong redemptions of USD27.0 billion recorded – the steepest outflows for 2016 among regional mandates.
The USD251.1 billion CTA/managed futures mandated
STOXX Ltd, the operator of Deutsche Boerse Group’s index business and a provider of tradable index concepts, has launched the EURO STOXX 50 Corporate Bond Sector, Rating and Maturity Bucket Sub-Indices.
They expand the EURO STOXX 50 Corporate Bond Index, which was launched in April and is the fixed income equivalent of the EURO STOXX 50, including the bonds of the blue-chip companies in the Eurozone.
The new sub-indices represent certain maturity buckets, industries and rating classes. The maturity buckets include 1-3 years, 3-5 years, 5-7 years, and more than 7 years. There are also a EURO STOXX 50
Wilrik Sinia (pictured) is co-founder of the Amsterdam-based hedge fund manager, Mint Tower Capital, whose flagship Mint Tower Arbitrage Fund focuses on convertible and volatility arbitrage. Prior to establishing Mint Tower in 2010, Sinia and Mint Tower’s three other co-founders were part of the management team at Principal Strategies, ABN AMRO bank’s proprietary trading desk.
The desk started in 1997 and Sinia was the last one to join in early 2000. When the financial crash happened in 2008, the team, which by that time had worked cohesively for over a decade, began to wonder about spinning out of the bank to
Nasdaq and Borse Dubai have signed an agreement to bolster the technological infrastructure of Dubai’s stock exchanges, Dubai Financial Market (DFM) and Nasdaq Dubai, and improve post-trade practices.
DFM has been a Nasdaq Market Technology client since its inception in 2000.
Under the agreement with Borse Dubai, the parent company of DFM, Nasdaq will deliver a new INET-powered, multi-asset trading technology engine (Nasdaq Matching Engine), a cash equities clearing module (Nasdaq Packaged Clearing) and enable an in-memory-vetting model on the central securities depository (CSD) solution, which will increase performance, speed and resiliency, all under the new Nasdaq Financial Framework architecture.
This infrastructure
The Global Fund Media Guide to Relocation 2017 is the sixth edition of this unique online publication being made available to the 50,000-strong audience of investment managers, institutional investors and fund service providers who read GFM's family of investment management newswires daily.
The focus of the Guide is to help managers, promoters and their advisers decide where best to locate their investment funds – and themselves – and complements the daily news, special reports and fund data delivered through our specialised investment management portals (see below for complete list).
This edition of the Guide draws together in one volume the
Tages Capital, in partnership with Madrid-based Cygnus Asset Management, has launched the Tages Cygnus Europa Event Driven UCITS Fund, the third sub-fund of Tages International Funds SICAV, a UCITS compliant umbrella fund structure.
Cygnus Asset Management is an established specialist investment manager founded in 2006, with AUM in excess of USD500 million.
The Tages Cygnus Europa Event Driven UCITS Fund aims to capture liquid investment opportunities relating to corporate activity in Europe, while adhering to UCITS limits and guidelines.
The fund is launching with in excess of USD30 million of institutional capital.
Jose Luis Perez, portfolio manager
Northern Trust to acquire UBS Asset Management's fund administration servicing units in Luxembourg and Switzerland, expanding its presence in the former and gaining local fund administration capabilities in the latter.
Following the transaction, which is expected to close in the second half of 2017, subject to applicable regulatory and fund board approvals and other customary closing conditions, Northern Trust will be a leading administrator by assets in the Swiss market.
Upon completion of the transaction, Northern Trust will become the fund administration services provider for funds with approximately CHF420 billion (USD413 billion) in assets, including UBS Asset Management's traditional
The latest Hedge Fund Tracker analysis from S&P Global Market Intelligence shows the top funds managed approximately USD153 billion in equity holdings, an increase from the USD145 billion under management in Q3.
However, because these funds saw a slight drop in the total number of positions to 420 from 424 in Q3, the increase in assets under management is more than likely due to the end-of-year equity market rally.
The quarterly S&P Global Market Intelligence Hedge Fund Tracker is an aggregate analysis of hedge fund equity ownership that highlights hedge fund investments in specific stocks and sectors based on a
