Funds
The South East European Power Exchange (SEEPEX) and its project partners are to launch the Serbian Day-Ahead market on 17 February 2016, subject to member readiness.
Member tests have been conducted successfully and final regulatory issues are about to be cleared.
The launch of the SEEPEX Day-Ahead market will be a major step in the creation of a regional power trading solution for South East Europe (SEE) and is highly anticipated by the electricity market community.
SEEPEX will foster the development of a competitive, transparent and reliable electricity market for Serbia and South East Europe, boosting electricity trading
Liquidnet, the global institutional trading network, has launched its EMEA Next Gen Algo suite, which is designed to enhance the trading performance of its institutional Members.
Liquidnet’s Next Gen Algos are the only ones that fully leverage Liquidnet’s network of more than 800 global institutions offering over USD20 billion of EMEA average daily liquidity. Over 15 per cent of algo executions are traded in Liquidnet with an average execution size of USD590k (Q4 2015). Liquidnet is also introducing a special “I Would” feature which gives Members additional control over the blocks they access in Liquidnet whilst using the algo suite.
December was another difficult month for the hedge fund industry, as the Preqin All-Strategies Hedge Fund benchmark recorded performance of -0.40 per cent.
This puts full-year performance for 2015 at 2.02 per cent, the lowest yearly return since 2011, when hedge funds posted -1.77 per cent. December’s losses mean that hedge funds have posted negative returns in five months of the year, while only three months saw them gain more than 1.00 per cent. All top level hedge fund strategies experienced losses in the final month of 2015, with equity strategies posting a negative return of -0.64 per cent, and
The Lyxor Hedge Fund Index was down -0.7 per cent in December, with three out of 11 Lyxor Indices ending the month in positive territory.
The best performers were the Lyxor Merger Arbitrage Index (+1.5 per cent), the Lyxor LS Equity Variable Bias Index (+1.1 per cent), and the Lyxor CTA Short Term Index (+0 per cent) were the best performers.
Disappointment following the ECB meeting and worsening concerns about credit and oil kept pressure on risky asset in early December. After the confirmed Fed’s rate hike, the bottoming in prices by mid-month paved the way for a year-end
Northill Capital (Northill) is to acquire a majority interest in Capital Four Holding, a European High Yield asset management firm, based in Copenhagen, with an award winning performance track record and approximately EUR6 billion of assets under management.
Northill’s investment in Capital Four is consistent with its strategy to invest over the long term in high quality, single-purpose asset management businesses.
Northill’s investment in Capital Four represents approximately 60% of the firm’s equity, with existing partners Sandro Näf, Torben Skødeberg and Henrik Østergaard maintaining ownership of approximately 40%. As a result of the transaction, Northill will have indirectly acquired
2015 was a record breaking year for Electra Information Systems (Electra), a provider of software solutions for the asset management industry, including institutional investment managers, hedge funds, insurance companies and plan sponsors,
Since its inception in 1998, Electra has been guided by a single, client-driven principle – efficient processing is critical to success. As the market continued to increase in complexity in 2015, demand for automated post-trade operation and robust data management solutions quickly rose, increasing Electra’s client base by 20 per cent. While all its solutions contributed to Electra’s growth in 2015, particular strength was evident in Electra’s reconciliation
JMP Group’s hedge fund and investment arm Harvest Capital Strategies has raised USD245 million for the Harvest Intrexon Enterprise Fund, an investment vehicle dedicated to funding companies that utilise the inventions, discoveries and technologies of Intrexon Corporation, a specialist in synthetic biology.
The Harvest Intrexon Enterprise Fund will invest exclusively in entities that utilise Intrexon’s technology, with a particular focus on new companies, to spur the creation of biologically-based products across a number of sectors, which may include healthcare, food, agriculture, energy, environment, chemicals and consumer products. The fund has made two investments to date: Thrive Agrobiotics, Inc, a startup entity
European equities still present an attractive potential over the long term, but according to systematic analysis used by Quaero Capital’s Argos European Systematic Long Short Equity fund, the optimum market timing conditions to go net Long have not materialised.
For some time the fund’s net investment rate has been 0 per cent (50 per cent long stocks and 50 per cent Short Eurostoxx 50 futures), which has contributed to strong outperformance relative to the HFRX Equity Hedge EUR Index.
Year to date, the fund returned +6.56 per cent, compared to –3.09 per cent for the Index. Since inception
The Archstone Partnerships, an alternative investment management firm focused exclusively on hedge fund investments, has extended its investment offerings for the first time to accredited investors through the Archstone Alternative Solutions Fund.
Capitalizing on over 25 years of experience and offering unique access to leading hedge fund managers, the Archstone Alternative Solutions Fund seeks to provide long-term capital appreciation while attempting to reduce volatility relative to the equity markets.
The Archstone Alternative Solutions Fund employs a fund of hedge funds strategy that was previously only available to qualified purchasers. It is now available to a broader group of investors
Sapient Global Markets, a provider of business technology and consulting services for the capital and commodity markets, has launched of CMRS Portal, delivering the proven trade reporting capabilities of CMRS as a fully outsourced solution.
For firms with a lower volume of reportable derivatives trades, in-house solutions or on premise software is uneconomic due to the initial investment required and ongoing maintenance and support overheads. CMRS Portal is designed as a self-service solution for firms who require a low-touch approach to reporting compliance with the smallest possible infrastructure and integration investment.
“Trade reporting has been and continues to be
