Funds
The US Commodity Futures Trading Commission (CFTC) has launched the CFTC Whistleblower Program’s new website, www.whistleblower.gov, which is designed to educate the public about the program and allow users to submit tips about potential violations of the Commodity Exchange Act (CEA) and apply for monetary awards.
The new website outlines whistleblower rights and protections and guides users through the process of filing a whistleblower tip and applying for an award. The website also provides users with easy access to the rules and regulations governing the CFTC’s Whistleblower Program, final award determinations, notices of covered actions, and press releases, while encouraging
ALTIN, the USD240 million multi-strategy fund of hedge funds listed on the London and Swiss stock exchanges, ended the year in positive territory (+2.20 per cent YTD), 2 per cent to 3 per cent ahead of hedge fund and fund of fund indices, which were on average negative in 2015.
The HFRI FoF Index and the MSCI World Net Return Index recorded -0.34 per cent and -0.87 per cent over the same period.
The ALTIN share price was up +11.42 per cent and +12.04 per cent on the Swiss (SIX) and London (LSE) exchanges respectively in 2015. Over the
Abacus Group, a provider of hosted IT solutions for hedge funds and private equity funds, has reported rapid growth throughout 2015, including the expansion of its US market footprint into key geographies, and new strategic partnerships.
Continued demand for Abacus’s managed cloud service offerings has produced in excess of 50 per cent annual year-over-year growth, leading the company to expand its presence into several key geographies including Los Angeles, Dallas, and Charlotte, and most recently Boston. These new locations are dedicated to improving and providing support for Abacus’s private cloud products and services that hedge fund and private equity firms,
The European Energy Exchange (EEX) and Power Exchange Central Europe (PXE) have signed an agreement in Prague whereby they will enter into a closer cooperation. In doing so, EEX will become the new majority shareholder, acquiring 66.67 per cent of PXE shares.
This transaction will be settled in cash from EEX own resources and is expected to be closed by the end of the first quarter 2016, subject to approval by the competent authorities.
EEX Group provides the central market platform for energy and commodity products which includes contracts for Power, Natural Gas, Coal, Oil, Environmental Markets, Freight, Metals
Total global hedge fund capital rose to USD2.90 trillion in Q4, as financial market volatility, driven by concerns about slowing Chinese growth and energy market weakness, accelerated into year-end, according to the latest HFR Global Hedge Fund Industry Report.
Hedge fund capital increased by over USD22.8 billion on the previous quarter with the performance asset gain offsetting a small investor net capital outflow of USD1.52 billion in Q415, the first quarterly net outflow since Q411.
The HFRI Fund Weighted Composite Index® posted a gain of 0.8 per cent in Q415, but declined 1.0 per cent for full-year 2015, only the
Cognolink, a research partner for hedge funds and private equity funds, has announced a new name and brand identity for the company, becoming ‘Third Bridge’ both in the UK and globally.
This move is designed to align the firm’s naming and identity with its strategy and future growth plans under one unified, global brand.
Third Bridge provides private equity firms, mutual funds, hedge funds and strategy consultants with qualitative insights to better understand the true value of their investment opportunities. These range from one-to-one or group consultations between investors and industry experts, to syndicated reports offering unbiased intelligence on
International law firm Simmons & Simmons has acted on the restructuring of the Sturgeon Central Asia Fund, to enable it to be one of the first funds to invest in Iran.
Although the repeal of pre-existing sanctions is good news for those wanting to do business with Iran, restrictions still apply – it’s a case of fewer sanctions, not ‘no sanctions’. As a practical matter, banks and financial institutions have been nervous about committing themselves to support transactions with Iran, whether as service providers, financiers or simply moving money. Whilst many more transactions can now be undertaken with Iran there
Karson Management, a provider of reserve, capital and collateral financing solutions, and BNY Mellon have successfully completion of the first K-Note reinsurance collateral financing transaction in Canada.
The patented K-Note financing platform has been designed by Karson around a number of BNY Mellon’s corporate trust, custody and collateral management services.
The multi-million Canadian dollar transaction involved the issuance and deposit of a K-Note into a reinsurance security arrangement (RSA) account established in accordance with the Canadian regulator, the Office of the Superintendent of Financial Institutions (OSFI). The K-Note is backed by a payment obligation of a third-party financial institution
HazelTree has partnered with AcadiaSoft to enhance the Collateral Management capabilities of the HazelTree Integrated Treasury Management Solution.
The enhanced solution aiming at delivering seamless integration between the industry’s leading treasury management and margin automation solutions. It is expected to be generally available in the first quarter of 2016.
The HazelTree Integrated Treasury Management Solution serves hedge funds, fund administrators, managed account providers and family offices with powerful, proactive performance enhancement and risk mitigation capabilities. The HazelTree Collateral Manager enables firms to correctly identify, analyse and value collateral, interfacing with either an in-house or third party accounting system or
Hedge funds lost 0.64 per cent in December according to the Barclay Hedge Fund Index compiled by BarclayHedge. The Index was up 0.29 per cent at the end of 2015, its smallest yearly gain since 2011 when it declined 5.48 per cent.
The Index was unable to outperform the S&P 500 Total Return Index, which gained 1.38 per cent last year.
“The year ended on a down note for risk assets as investors pondered the implications of slowing growth after several years of tepid recovery,” says Sol Waksman (pictured), founder and president of BarclayHedge.
Eleven of Barclay’s 18
