Funds
Franklin Square Capital Partners has launched a new feeder fund for FS Global Credit Opportunities Fund (FSGCO), an unlisted closed-end fund.
The new feeder fund, FS Global Credit Opportunities Fund–T (FSGCO–T), features a commission structure that is designed to be responsive to FINRA Regulatory Notice 15-02 by lowering upfront commissions and increasing the amount of capital available to the fund for investment. The firm expects to launch FS Global Credit Opportunities Fund–ADV (FSGCO–ADV), a fund designed for use in advisory accounts, in the coming weeks.
FSGCO seeks to generate a high level of total return through investing in value-based
Irish Funds, the representative body for the cross-border investment funds industry in Ireland, has seen significant inflows of EUR8.4 billion into Ireland through the Irish Collective Asset Management Vehicle (ICAV).
Since the ICAV legislation was passed into law in March 2015, over 157 new funds have registered through the bespoke fund vehicle (as of March end 2016). Cumulatively, these funds equate to over EUR8.4 billion in AUM, and Ireland has seen positive net inflows every month since the ICAV’s establishment. The majority of these new funds have been Alternative Investment Funds (AIFs).
The ICAV was designed to improve efficiency
Hedge funds posted gains for the third consecutive month in May, as the US Dollar strengthened in anticipation of higher US interest rates, as well as an increasingly uncertain outcome of the upcoming UK referendum (Brexit).
The HFRI Fund Weighted Composite Index (FWC) gained +0.4 per cent for the month, according to data released today by HFR. Strong performance in Event Driven strategies was complemented by gains in Relative Value Arbitrage and Equity Hedge strategies, which were only partially offset by declines in Macro; all four main hedge fund strategies are now positive for 2016. The May gain brings YTD
Alforma Capital Markets, a New York-based US broker-dealer, has taken a step closer to being acquired by BCS Global Markets, the largest securities broker on the Moscow Exchange, by achieving formal regulatory approval from US regulatory body FINRA (Financial Industry Regulatory Authority).
The transaction is expected to close within a couple of weeks, and will signify the official launch of operations for BCS Global Markets into North America, the world’s largest capital market. Once finalised the firm will be renamed BCS Americas Inc., and will provide brokerage and investment services to US-based institutional investors seeking to access Russian securities market.
Major global indices stood still in May as equity and bonds markets proved largely directionless. The MSCI World index returned less than 1 per cent, while the Barclays US Aggregate Bond index was flat for the month.
Outside of equities and bonds, there were strong rallies in oil and the US dollar, while precious metals sold off. After a weaker start to the month for equities, markets reacted positively mid-month to rally into month-end, prompted by a perceived increased probability of near-term rates rises in the US and a lower probability of Brexit. Some of those more positive risk sentiments
Bramshill Investments has launched a new mutual fund, the Bramshill Income Performance Fund (BRMSX), which will employ an absolute return strategy that invests across various fixed income asset classes.
The decision comes in response to increased demand from large registered investment advisors (RIAs).
The Fund launched with approximately USD40 million in seed capital and invests in a tactical portfolio of income-producing credit securities, including investment grade and high-yield bonds, preferred stocks, municipal bonds and US Treasuries.
The Income Performance Fund is actively managed and will incorporate tactical hedging during various interest rate and market environments. As adviser to the Fund,
CBOE Holdings plans to open its first international business development office in London in July. The new office – headed by Matthew McFarland, director of global client services – will enable CBOE to increase its presence in the region and allow its business development team to more directly engage with European-based clients and potential new customers, as well as the exchange's strategic partners.
"We are pleased to establish our first international business development office in London, a key European financial centre,” says Andy Lowenthal (pictured), Senior Vice President of Business Development at CBOE. "The opening of this office is the
Cleartrade Exchange (CLTX) has been officially approved as a registered Foreign Board of Trade (FBOT).
The FBOT approval, which has been granted by the US Commodity Futures Trading Commission (CFTC), allows CLTX to provide their participants located in the US with direct access to its electronic order entry and trade matching system.
The FBOT approval also endorses CLTX as an established and organised exchange which is subject to continuous supervision by the local regulator, Monetary Authority of Singapore (MAS), whose comprehensive supervision and regulatory function is similar to that of the CFTC.
“We are very pleased to receive official approval
Volante Technologies has created a solution specifically designed to accelerate the process of integrating with Ripple, a provider of distributed financial technology solutions offering real-time settlement of cross border payments.
At SIBOS 2015 Volante demonstrated Ripple-readiness as a feature of the VolPay Hub product. Building on this capability and following close engagement with Ripple, Volante has developed an integration solution designed to simplify connectivity to Ripple.
For over 15 years Volante’s technology has enabled financial institutions and corporates to accelerate their connectivity to a wide range of clearing and settlement mechanisms. The software suite includes an ever growing and
After a strong start to 2016, CTAs have now completed their third consecutive month of negative performance. All five daily indices that Societe Generale Prime Services calculates were down in May.
The flagship SG CTA Index, that measures a broad range of managed futures strategies, has now also dipped just below zero on year to date performance for the first time this year.
Short term trading strategies continue to be the best performers, with the SG Short Term Traders Index dipping to -0.93 per cent in May, but still comfortably positive for the year so far, at 4.18 per
