Funds
The hitherto opaque alternative investment funds (AIFs) industry has been making significant strides towards transparency, driven largely by the demands of institutional investors and global regulators, who want to see AIFs deliver clarity and accuracy in their trading and investor reporting methods.
This is good news for an industry that is growing in size and scale globally and going retail with liquid alternatives. But how are AIFS set up in the first place? How do traders and prop desk alumni take the first the steps to setting up their own AIFs in the transparent and correct format required by investors
Alpine Select has requested an Extraordinary Shareholders’ Meeting for ALTIN AG over the distribution of a special dividend.
Alpine Select currently holds directly and indirectly 58.5 per cent of ALTIN shares. According to the motion submitted, shareholders are asked to decide at the meeting on a cash distribution in the total amount of CHF 4.00 per registered ALTIN share. The total distribution of CHF24 per registered ALTIN share is – according to the relevant shareholder request – to be executed by means of a capital reduction by repayment of par value in the amount of CHF16.97 per share and by
Saemor Capital’s Europe Alpha Fund lost 2.6 per cent in April, bringing the YTD performance to -10.6 per cent. Most of the losses came from strong performances in the fund’s short book.
As equity markets and commodity prices continued their rebound, market participants favoured higher risk and lower quality names, essentially the laggards of last year. Cyclical Value saw strong positive returns, while most other factors in our model suffered.
Price momentum, profitability, growth and stability were particularly weak, while earnings momentum also displayed a negative pay-off.
The picture was very similar to that of February and March, with the
Marex Spectron, the global commodities broker, has launched Nanolytics Capital Advisors, a business focused on developing alternative investment products based on Marex Spectron’s Nanolytics models.
Nanolytics was initially developed to meet the challenges in commodity markets that arose from the growth of High Frequency Trading (HFT). Utilising Marex Spectron’s institutional-scale infrastructure and systems, Nanolytics algorithms process billions of publicly-available data points, covering multiple commodity markets, to exclude the effect of HFT trades and deliver insights into the underlying demand-supply balances that signals likely future price movements (alpha signals).
Since March 2014, these alpha signals have formed the basis for
Linedata has partnered with Sycamore Investment Services in Shanghai, to provide a complete front to middle-office service to the hedge fund community in China.
The partnership will provide Sycamore’s middle office outsourcing services alongside Linedata’s flagship hedge fund management offering, Linedata Global Hedge. This will create a full service for hedge fund clients in China, in particular allowing those firms without complete fund operations to access the full capabilities of the Linedata product with the addition of an outsourcing capacity.
Designed specifically to meet the needs of the hedge fund industry, Linedata Global Hedge is an intuitive end-to-end portfolio management
Euronext is in exclusive talks to acquire a 20 per cent equity stake in EuroCCP for EUR14 million (including contribution to regulatory capital) subject to closing adjustments and regulatory approval.
In addition, Euronext will offer choice in clearing within the Eurozone through the implementation of a preferred Central Counterparty (CCP) model for its equity markets. EuroCCP is the leading CCP for pan-European equity markets providing clearing and settlement services and this new partnership will allow clients to benefit from significant operational and cost efficiencies.
Following completion of this transaction five shareholders will each own 20 per cent stake in EuroCCP
The Preqin All-Strategies Hedge Fund has recorded the second consecutive month of positive hedge fund performance in April to bring 2016 YTD figures into the black for the first time this year.
Returns of 1.44 per cent through the month follow gains of 2.40 per cent in March to put performance for 2016 so far at 0.70 per cent, as hedge funds take advantage of calmer economic markets and improving commodity prices.
All leading strategies returned gains through the month, with event driven strategies up 2.17 per cent and equity strategies returning 1.73 per cent, making these the two strategies
The Lyxor Hedge Fund Index was down 1.3 per cent in April with just four out of 10 Lyxor Indices ending the month in positive territory.
The Lyxor Fixed Income Arbitrage Index (+2.2 per cent), the Lyxor L/S Credit Arbitrage Index (+1.0 per cent) and the Lyxor Special Situations Index (+0.7 per cent) were the best performers.
In April, dovish central banks and better than expected Chinese data contributed to stabilize markets after the March rally. The credit space was supported on both sides of the Atlantic: in Europe by the ECB announcing its corporate bond purchase program, in the
Midwest boutique investment bank XMS Capital Partners (XMS) has launched XA Investments LLC (XAI) to provide a platform in the registered funds space for alternative investments.
The firm has hired Kimberly Flynn as Managing Director of Alternative Investments and John McGarrity as Managing Director and General Counsel to build the XA Investments business. Flynn joins the firm from Nuveen Investments where she served as the Head of Product Development for the Global Structured Products Group which is responsible for the development and management of the firm’s closed-end fund complex. McGarrity joins the firm from River Branch Holdings, where he served
Hedge funds returned 1.19 per cent gross in April according to the SS&C GlobeOp Hedge Fund Performance Index. Hedge fund flows as measured by the SS&C GlobeOp’s Capital Movement Index meanwhile, advanced 0.53 per cent in May.
"Hedge funds saw positive net flows this past month, according to SS&C GlobeOp's Capital Movement Index which gained 0.53 per cent for May of 2016, compared to -1.18 per cent in April. In terms of the year over year comparison, the 0.53 per cent for May was down versus 0.86 per cent for May of 2015, with both inflows and outflows coming in
