Funds
The Chicago Board Options Exchange (CBOE) plans to start overnight dissemination of the CBOE Volatility Index (VIX Index) on 15 April.
Values for the VIX Index are expected to be published every 15 seconds, beginning at 2:15 am CT, during CBOE's extended trading hours session for VIX and S&P 500 Index (SPX) options, which run from 2:00 a.m. to 8:15 am CT, Monday through Friday.
The VIX Index is calculated using real-time prices of SPX options, which historically traded only during regular US trading hours. CBOE added a 6-hour and 15-minute overnight SPX trading session in March 2015.
Atalaya Capital Management, a private credit asset manager, has closed its sixth Special Opportunities Fund (Fund VI) at its USD800 million hard cap, exceeding its USD750 million target.
Fund VI is the fourth consecutive oversubscribed Atalaya Special Opportunities Fund, representing an increase from its USD575 million predecessor, Fund V. Fund VI’s investors are predominantly public and corporate pension plans, foundations, and endowments.
Like previous Atalaya Opportunity Funds, Fund VI will invest primarily in credit opportunities, the majority of which will be senior debt collateralised by financial, real estate, or corporate assets. Targeted investments include: specialty finance loans against small balance
The European Energy Exchange (EEX), part of Deutsche Börse Group, is to acquire the remaining shares in the Singapore-based Cleartrade Exchange (CLTX) from Freight Investor Holdings. The transaction will take effect as of 15 April 2016.
With this transaction, EEX further strengthens its commitment to become a global commodity exchange developing new asset classes and geographies, whilst continuing growth of its core markets.
“With this transaction we are taking a further important step towards the expansion of EEX Group beyond Europe and beyond the energy sector”, explains Peter Reitz, Chief Executive Officer of EEX. “The Cleartrade Exchange commodity markets form
James Klempster (pictured), head of portfolio management at Momentum Global Investment Management asks, has quantitative easing become a victim of its own success?
While it had been used before, Quantitative Easing (QE) really only came into our collective consciousness when the US Federal Reserve used it following the global financial crisis. The purpose of QE is to firstly support or push the prices of assets higher, which in turn results in an enhanced feeling of wealth for the holders of those assets and secondly, because many of the purchased assets were fixed income securities, QE served to pull down interest rates.
The gross return of the SS&C GlobeOp Hedge Fund Performance Index for March 2016 measured 0.90 per cent, while hedge fund flows as measured by the SS&C GlobeOp Capital Movement Index declined 0.95 per cent in April.
“Reflecting typical seasonal patterns, SS&C GlobeOp’s Capital Movement Index declined in April 2016, coming in at -0.95 per cent, compared to 0.75 per cent for March 2016. However, it should be noted that the -0.95 per cent for April 2016 compares favorably on a year-over-year basis to -1.20 per cent for April of 2015,” says Bill Stone (pictured), Chairman and Chief Executive Officer,
One of the biggest drivers of change in the alternative funds market in recent years has been large institutions investing directly into large blue chip managers, concentrating 80 per cent of the industry's total AUM in the upper decile of fund managers. Consequently, it could be argued that hedge funds have morphed in recent years into something that no longer represents the original essence of what a hedge fund was meant to be.
Hedge funds used to be about making money. "Now it is about reducing volatility and generating risk-adjusted returns. The only ones really trying to make proper returns
IPC Systems has partnered with Algomi, a network company providing information-matching solutions for the optimisation of fixed income liquidity, to deliver DealCall, an application which will run over IPC's Financial Markets Cloud.
DealCall will be integrated into both Algomi's award-winning Honeycomb platform and IPC's community of financial market participants, enabling Honeycomb users to swiftly and securely connect to their dealers.
IPC and Algomi are working together to enable seamless communication for buy-side users of the Honeycomb application. With one click, users can access on-demand connectivity to their chosen sales coverage teams at their chosen banks. By bringing together the IPC
CME Group has cleared its first interest rate swaptions trade and in doing so become the forst clearing house to offer swaptions clearing.
Five clearing members are approved to clear swaptions, including Barclays, BNP Paribas, Citi and RBS plc. Several additional firms are working through the process to become approved swaptions clearing members.
"This groundbreaking solution is designed to help transform the interest rate swaps landscape for CME Group's customers by offering greater capital efficiencies and helping mitigate counterparty risk," says Sunil Cutinho, President of CME Clearing. "Delivering innovative products and services that meet our customers' evolving needs is at
Wilshire Associates Incorporated has launched Wilshire Omnia, a single platform, fully integrated solution that delivers comprehensive portfolio risk analysis, attribution and performance measurement across markets and asset classes.
Incorporating state-of-the-art, multi-asset class analytics, and an intuitive user experience, Wilshire Omnia is designed to streamline the investment decision process with a flexible and scalable platform. The solution offers security-level risk characteristics and reporting for more than three million securities and is designed to help clients maximise returns and mitigate risk.
“Managing investment risk successfully in today’s markets requires the ability to monitor multiple factors with a robust set of analytics that
Investment manager Ramius has partnered with Samantha Greenberg's newly-launched Margate Capital, a multi-sector equity long/short alternative asset manager. Ramius is providing seed capital to the new joint-venture.
Founded this year, Margate will pursue a fundamental long/short equity strategy emphasising catalysts and sector themes and will deploy a rules-based risk approach to protect capital and reduce volatility. Greenberg is the Managing Partner and Chief Investment Officer of Margate, a woman-owned investment management business. Before she founded Margate, Greenberg served as partner and media/consumer sector head on the investment team of Paulson & Co Inc, where she managed equity investments in media,
