Funds
CME Group, the world's leading and most diverse derivatives marketplace, announced today that
One million contracts have now been traded on CME Group’s London-based derivatives exchange, CME Europe, which launched in April 2014. The total volume of contracts traded since launch stood at 1,002,497 as of 10 December 2015.
CME Europe's growth has been broadly driven across its product range in FX, energy and agricultural commodities futures contracts. This includes the award winning, euro-denominated, physically delivered cocoa futures contract launched in May 2015.
Cees Vermaas (pictured), CEO of CME Europe, says: "CME Europe has established itself in the European
The choppy waters of 2015 have proved challenging for active hedge fund managers. Both equities and global bonds are down this year to date as measured by the MSCI World index and the Barclays Global Aggregate Bond index in US dollar terms.
Should investors expect 2016 to be more rewarding? GAM expects to see opportunities but not without risk.
“It is instructive to consider that in 2015, although performance has been below target for many active managers, the main themes we expected to see have in fact played out,” says Anthony Lawler, portfolio manager at GAM. “The US dollar
Fixed income specialist BlueBay Asset Management (BlueBay) has successfully completed the implementation of SimCorp Dimension. The system now supports BlueBay's middle and back office operations across the entire investment book.
Over the past six years, BlueBay has doubled in size, both in terms of assets under management and the number of investment strategies it manages. The firm manages assets of approximately USD58 billion and continues to grow, thus requiring a system that enables a high degree of automation and scalability.
With SimCorp Dimension, BlueBay is able to handle its diverse range of asset classes, focused on fixed income and
AX Trading has launched the AX Trading Network, a new electronic trading network (ETN) that allows institutional traders to target and trade with selected counterparties in a secure environment.
"We live in a networked world," says AX CEO George O'Krepkie. "We can connect with people around the world. We can share memories, photos and music. But we don't really have a true 'network' to trade securities…until now. We are changing the way traders connect."
As an ETN, AX is all about buyside trader access to liquidity, price discovery and control of order information. AX aims to address many current
Borsa Istanbul has officially gone live on nine of Nasdaq's market-leading technologies including trading and clearing, settlement, market data management, index calculation, market surveillance, business intelligence, and pre- and post-trade risk management.
The initial implementation is for Borsa Istanbul's equity market. The Turkish exchange will also go live on Nasdaq technology for all other markets, including derivatives, debt securities, and precious metals markets.
The "transformation with technology" program, branded BISTECH by Borsa Istanbul, is a critical milestone in a series of major transformative steps aimed at making the Turkish capital markets more globally competitive.
"We are delighted to have
Societe Generale Prime Services has announced the 2016 constituents for the Newedge CTA, Trend, and Short-Term Traders Indices.
The Newedge CTA indices are a suite of performance benchmarks, based on the largest CTA programs. The indices calculate the daily rate of return for an equally weighted group of the largest CTAs (by assets) that are open to new investment, and provide daily data. The new constituents will be effective as of 1 January 2016.
James Skeggs (pictured), Global Head of Alternative Investments Consulting at Societe Generale Prime Services, says: “We are delighted to have completed our annual constituent review
The Lyxor Hedge Fund Index was up 0.7 per cent in November. Four out of 11 Lyxor Indices ended the month in positive territory. The Lyxor CTA Long Term Index (+3.6 per cent), the Lyxor Global Macro Index (+1.8 per cent), and the Lyxor LS Equity Variable Bias Index (+1.2 per cent) were the best performers.
The Fed and the ECB took centre stage – again – in November. The October 28 FOMC statement downplayed abroad risks and specified that members would consider "at the next meeting" whether action would be appropriate. It spurred an orderly but clear market repositioning. Later
BNY Mellon Investment Management has launched the BNY Mellon Absolute Insight Multi-Strategy Fund, an absolute return multi-strategy fund available in a liquid alternatives mutual fund vehicle.
The Fund is sub-advised by Insight Investment, a BNY Mellon investment boutique with USD605 billion under management globally, including USD27 billion in liquid alternative strategies.
The BNY Mellon Absolute Insight Multi-Strategy Fund is the first mutual fund launch in the US to be managed by Insight and is substantially similar to Insight's flagship multi-strategy absolute return capability, which has a 10-year track record of providing resilient absolute returns through episodes of market dislocation,
Northern Trust has been selected to provide fund administration services to the VinaCapital Vietnam Opportunity Investment Fund.
The fund will be administered from Northern Trust’s Guernsey office and adds to its growing client base in the Channel Islands where Northern Trust provides a comprehensive range of fund administration solutions for a broad spectrum of fund structures.
“We chose Northern Trust for its strength and the depth of its knowledge of listed funds and are delighted to be working together,” says Steve Bates (pictured), the Chairman of VOF. “Northern Trust understands the complexity and challenge of investing in frontier markets such
Options available to fund managers marketing into Europe under the Alternative Investment Fund Managers Directive (AIFMD) will be the focus of a Guernsey funds masterclass in London next year.
The event, which takes place at the British Museum on Wednesday 3 February, will feature a panel debate among leading figures from the funds industry and a keynote speech from Lord Flight. The panel discussion will examine the benefits and suitability of National Private Placement (NPP) regimes and third country passporting under AIFMD.
In July the European Securities and Markets Authority (ESMA) made its recommendation to grant Guernsey a third country
