Funds
The European Energy Exchange (EEX) is to expand its offering on the Power Derivatives Market with further short-term maturities. From 16 June 2016, day and weekend contracts for peak-load deliveries of power can be traded in the French and Italian market areas.
Concurrently, EEX will introduce week futures for base-load deliveries of power in the Dutch, Swiss and Nordic market area, which will supplement the existing product offering comprising month, quarter and year futures on these markets.
“The introduction of further short-term maturities contributes to strengthening liquidity in the market areas“, says Dr Tobias Paulun (pictured), Chief Strategy Officer of
Phase 2 of GMEX Technologies’ project to implement the warehouse receipt system AvenirWRS at the Agricultural Commodity Exchange for Africa (ACE) in Malawi, is now live.
This latest project phase delivers warehouse receipts creation, management and financing. Associated activities include enhanced contact management and accounting functions for warehouse charges and fees. The solution also extends SMS messaging, documentation and auditing functionality.
The implementation follows the successful launch of the contact database functionality, in February in phase 1, allowing operators and agents (e.g. farmer cooperative societies, brokers etc.) to set-up and maintain a database of farmers who are interested in taking
Four out of six of IndexIQ’s family of IQ Hedge Indexes recorded positive performance in April, with the IQ Hedge Long/Short Index leading the way with a return of 1.25 per cent.
The other positive performers were the IQ Hedge Market Neutral Index (0.91 per cent), the IQ Hedge Multi-Strategy Index (0.78 per cent) and the IQ Hedge Event Driven Index (0.38 per cent). The month’s biggest loser was the IQ Merger Arbitrage Index with a return of -1.01 per cent, while the IQ Hedge Global Macro Index returned -0.28 per cent.
“The upturn in equity markets started to look
Managed futures traders lost 0.05 per cent in April according to the Barclay CTA Index compiled by BarclayHedge. The Index has gained 0.95 per cent in the first four months of 2016.
“Improvement in the financial outlook for the US, Europe, and China while central banks sat on their hands sparked a trend reversal in the bond markets,” says Sol Waksman (pictured), founder and president of BarclayHedge.
Six of Barclay’s eight CTA indices had negative returns in April; two of the indices were profitable. The Agricultural Traders Index lost 1.08 per cent, Financial/Metals Traders were down 0.69 per cent.
On
Worth Venture Partners, an emerging manager hedge fund platform headquartered in Manhattan, has released a new paper titled "Accessing Emerging Hedge Fund Returns – Seeking Return Over Size" as part of a series of commentaries, Worthy Insights.
Investors are considering greater investment in emerging hedge fund managers in reaction to the recent underperformance of many blue-chip hedge funds versus historical returns. Increasing emerging manager allocations, notably from institutional investors, originate from a desire to source sustainable alpha. This paper shines a light on current options for investors wishing to execute in this fertile part of the hedge fund universe.
Abby
Hedge funds were severely impacted by US stock market performance in Q1, according to the latest S&P Global Market Intelligence Hedge Fund Tracker, an aggregate analysis of hedge fund equity ownership.
In total, the top funds managed approximately USD141 billion in equity holdings in Q1, down over USD18 billion from Q4 2015. The funds also decreased the total number of stock positions held from 427 to 408, the fewest stock positions held since S&P Global Market Intelligence began tracking this data in 2014. Consumer discretionary and information technology stocks led the sell-off, with Apple ranking as the most sold-off
A recent report produced by BNY Mellon in collaboration with Preqin shines a light on how much demand there is among institutional investors for private equity and real estate funds. The report found that 44 per cent of real estate managers and 39 per cent of private equity managers expect their assets under management to grow by at least 50 per cent in the next five years.
Family offices (26 per cent) and public pension funds (25 per cent) are expected to be the main drivers of inflows, as they look to build long-term allocations and reduce their weighting on
The investment community voted to remain in the EU last night (Monday 16 May) following a passionate discussion at the ‘Brexit: Pursued by a Bear’ debate chaired and sponsored by law firm Howard Kennedy.
In a close and surprising vote, 56 per cent of attending delegates, drawn from the London investment community, voted to remain with 44 per cent wishing to leave.
The debate at the Merchant Taylors’ Hall in the heart of the City of London, chaired by Howard Kennedy partner Mark Stephens, was co-sponsored by Peterhouse Corporate Finance and accountants Welbeck Associates.
For the first time the question
Cordium has formed a strategic alliance with specialist management consultancy Knadel allowing the provision of bespoke solutions to the many firms who are faced with the prospect of reviewing and enhancing their operating model, risk controls and regulatory adherence.
This newly formed partnership will harness the skills and experience of both firms to provide best of breed regulatory, business and technology consulting services to the investments industry. Together we will provide cohesive advice and analysis that reflects the practical experience of both firms, combining regulatory analysis, support and compliance infrastructure delivery with operational, business and technology advice and implementation.
The
By Josh Kestler, HedgeMark – On April 14, 2016, the trustees of the New York City Employees’ Retirement System (NYCERS) voted to liquidate its hedge fund portfolio. Following California Public Employees’ Retirement System’s decision in September 2014, NYCERS announcement has once again ignited a debate regarding the future of the hedge fund industry.
While hedge funds are currently under pressure from politicians and some members of the investment community, their demise has been greatly exaggerated. Hedge funds offer many benefits to investors including access to unique investment opportunities and return streams, the ability to hedge certain risks and overall
