Funds
City Financial has decided to close the Decca Fund to any further subscriptions for both existing and new investors. The Decca Strategy's assets under management have reached approximately USD500million.
The fund launched on 1 April 2015, and is managed by Shahraab Ahmad from City Financial’s London office.
Goldman Sachs International acts as the Fund’s prime broker.
City Financial Chief Executive Andrew Williams says: "City Financial is focused on ensuring the Decca Fund is run at a scale that takes into account market conditions, volatility, and other relevant risk considerations. We are pleased the Fund reached that scale in
A new study by The Chicago Board Options Exchange (CBOE) has examined six benchmark indexes that write Standard & Poor’s 500 Index (SPX) options, comparing their performances with those of traditional stock, bond and commodity indexes.
The study found that the options-selling indexes generally had returns that were similar to those of the S&P 500 Index, but with lower volatility and lower maximum drawdowns.
The report, “Performance Analysis of CBOE S&P 500 Options-Selling Indices,” is the first comprehensive study that examines the performance of options-strategy benchmark indexes that incorporate iron condor and iron butterfly strategies.
Commissioned by CBOE
Against a challenging market backdrop, FUM at Man Group grew 8 per cent in 2015 to USD78.7 billion, driven by a positive investment performance of USD2.4 billion, a second year of positive net inflows (USD0.3 billion) and acquisitions.
Adjusted profit before tax of USD400 million was in line with analyst expectations. This follows a very strong 2014 which saw exceptional performance at AHL in 2014 (all four of AHL’s flagship funds were in the top 25 of Bloomberg’s 100 top performing hedge funds for the year).
The company’s commitment to diversification continued with the appointment of several high-calibre investment
Frost Consulting has launched FrostRB, a research valuation & budgeting software platform which gives asset managers the ability to establish monetary (dollar) values for specific unpriced research products and construct monetary research budgets that meet MiFID II research spending requirements.
FrostRB offers a transparent and comprehensive research valuation, budgeting and reporting framework that generates highly customised, multi-asset class research budgets down to the fund level, reflecting the fund or strategy’s investment process, style and investment universe.
FrostRB aligns research budgets and actual fund investment processes directly, demonstrably supporting the investment objectives mutually agreed by the asset manager and
Artivest, a technology-driven investment platform that provides investors access to best-in-class alternative investment funds, has implemented new initiatives to enhance its offering to financial advisors and their qualified clients.
Artivest has joined the Depository Trust and Clearing Corporation's Alternative Investment Product Services (DTCC-AIP) platform, thereby integrating reporting for its vetted selection of premier funds with major custodians such as Schwab, TD Ameritrade, Pershing, and Fidelity. DTCC-AIP automates and standardises transactions between funds and participants in the alternative investment space.
Additionally, Artivest has coordinated directly with custodians and advisors to spare clients the administrative fees typically associated with such investments.
Frost Consulting has launched FrostRB, a research valuation & budgeting software platform which gives asset managers the ability to establish monetary (dollar) values for specific unpriced research products and construct monetary research budgets that meet MiFID II research spending requirements.
FrostRB offers a transparent and comprehensive research valuation, budgeting and reporting framework that generates highly customised, multi-asset class research budgets down to the fund level, reflecting the fund or strategy’s investment process, style and investment universe.
FrostRB aligns research budgets and actual fund investment processes directly, demonstrably supporting the investment objectives mutually agreed by the asset manager and
Managed futures traders gained 0.95 per cent in January according to the Barclay CTA Index compiled by BarclayHedge.
“Seventy percent of CTAs were profitable in January as strong downtrends in global equities and commodities helped fuel uptrends in fixed income and the US Dollar,” says Sol Waksman, founder and president of BarclayHedge.
Seven of Barclay’s eight CTA indices had positive returns in January. The Diversified Traders Index gained 1.59 per cent, Systematic Traders were up 1.48 per cent, Financial/Metals Traders gained 1.26 per cent, and Currency Traders added 0.59 per cent.
“Rising crude oil inventories amid concerns of
Trad-X, a platform for the trading of global interest rate derivatives, has launched a new central limit order book (CLOB) for EurexOTC cleared products to coincide with the EMIR Frontloading date.
The CLOB will have an initial focus on the most liquid Euro interest rate swap tenors such as 2y, 5y, 10y and 30y swaps, associated spreads and flys, and BUND, BOBL and SCHATZ asset swaps.
The move is part of a series of new initiatives designed to boost liquidity and strengthen Trad-X’s presence in the global interest rate swap (IRS) market.
Trad-X will also run auctions to
EBS BrokerTec, ICAP's electronic foreign exchange (FX) and fixed income business, has launched 12 new daily WMR fixes through the eFix Matching solution, with plans to provide electronic execution for all 24 hourly WMR fixes by the end of the first quarter 2016.
The new fixes were launched in response to demand from customers who have increased their focus on electronic execution of fixings to ensure transparent and fair matching in the current regulatory environment. Such a solution was recommended by the Financial Stability Board (FSB) in 2014, following its consultation on FX benchmarks, to ensure a robust fix methodology
Abu Dhabi Global Market’s (ADGM) Financial Services Regulatory Authority (FSRA) is now a recognised member of the International Organisation of Securities Commissions (“IOSCO) as of February 2016.
As an associate member, ADGM-FSRA is committed to comply with the international regulatory standards on financial markets and to contribute to the standard setting activity of the IOSCO and its international work.
This new membership confirms FSRA’s steadfastness to align its regulatory practice with international financial centres as well as to contribute to financial stability and robust financial regulations in the Abu Dhabi and the region.
Richard Teng (pictured), CEO of
