Funds
Aventicum Alternative Equities, an investment boutique focusing on European Long/Short strategies and part of Aventicum Capital Management has launched its maiden UCITS-compliant fund.
The Aventicum UCITS – Absolute Return European Equity Fund offers international investors the opportunity to access Aventicum Alternative Equities’ existing flagship equity strategy through a UCITS ICAV onshore structure. Focusing on being invested in – rather than exposed to – equities, the strategy will adopt a fundamental bottom up approach to seek non-consensus opportunities predominantly in large- and mid-cap European equities.
Domiciled in Ireland with daily liquidity, the Fund is targeting a 10-15 per cent annualised
Chicago Board Options Exchange (CBOE) is collaborating with LiquidityBook, a financial services technology company that specialises in multi-platform messaging, to expand connectivity to its CBOE PULSe trader workstation.
CBOE’s PULSe trader workstation (PULSe) is an execution management system that allows traders to simultaneously and electronically access the markets via Direct Market Access (DMA), advanced routing and high-touch broker relationships. The PULSe Execution Management System (EMS) offers connectivity to CBOE, C2 Options Exchange (C2) and CBOE Futures Exchange (CFE), as well as other equity and options exchanges in one low-cost platform. Value-add features include rule 15c3-5 risk controls, 12 leg complex
Paul Kirkby, and his experienced investment team, are joining Martin Currie in a deal that also sees the firm acquire – subject to regulatory approval – the existing, Cayman domiciled, USD167 million RIT PK Japan Fund.
Once the necessary approvals and consents are received, Kirkby will lead the Martin Currie Japan long/short investment proposition and is joined by his current co-manager Paul Smith plus incumbent manager, Claire Marwick.
Martin Currie has a long pedigree in Japanese equities and over 15 years’ experience in Japan long/short equities. In addition, Kirkby has a proven performance record stretching over a 30 year
Wunder Capital has launched its second investment fund, The Wunder Bridge Fundm which is aimed at accredited individual and institutional investors looking for a targeted 11 per cent rate of return with the backing of Wunder’s financing and implementation model.
The solar energy market has grown more than 1,000 per cent in the past four years. The Solar Energy Industries Association reports an installed capacity of more than 22.7 gigawatts, enough to power more than 4.6 million American homes.
Wunder offers a way for accredited investors to tap into this growth. The Wunder Income Fund, launched earlier this year,
Sankaty Advisors, the credit affiliate of hedge fund firm Bain Capital, is to acquires the management contracts for four portfolios of collateralised loan obligations (CLOs) totalling USD1.6 billion of assets from Regiment Capital Advisors.
Financial terms of the deal have not been disclosed.
The management contracts to be transferred are for Cavalry CLO II, Ltd, Cavalry CLO III, Ltd, Cavalry CLO IV, Ltd, and Cavalry CLO V, Ltd, all of which contain underlying assets across a diverse array of industries. Completion of the transaction is expected by the end of 2015 upon receipt of certain necessary consents.
Sankaty
The Wilshire Liquid Alternative Index, which provides a representative baseline for how the broad liquid alternative investment category performs, returned 1.09 per cent in October.
The Wilshire Liquid Alternative Multi-Strategy Index, which includes both single and multi-manager funds, ended the month up 1.33 per cent. Following a 10 per cent loss over the last two months, the Wilshire 5000 Total Market IndexSM rebounded sharply in October, posting an 8 per cent gain. After a weaker than expected September jobs report was released at the beginning of the month, equities rallied to have their best month in six years.
The
After posting negative returns throughout Q3, the Preqin All-Strategies Hedge Fund Benchmark returned to positive territory in the first month of the final quarter of the year with a gain of 2.07 per cent in October.
All top-level strategies and geographic regions posted positive performance, with equity strategies returning 3.12 per cent, and North American funds returning 2.53 per cent. Nearly all strategies and geographies are now showing positive performance across year-to-date and 12-month horizons.
Preqin’s funds of hedge funds benchmark was positive in Q3 too with a return of 1.15 per cent for October (-1.41 per cent in
Global Macro and CTAs outperformed the hedge fund space and delivered positive returns last week amidst difficult market conditions. We reaffirm our overweight stance on these two strategies.
Celoxica, a provider of accelerated market data, order entry and pre-trade risk solutions for the electronic trading community, has extended its Celoxica Feed Handler and Gateway portfolio to further support Interest Rate Markets by including the BrokerTec and Nasdaq eSpeed venues, delivering small footprint, high message volume processing at ultra-low latency.
This asset class expansion has been introduced in response to the continued electronification of the Fixed Income and Rates markets, traditionally traded via voice or OTC, but with the introduction of new regulations and increased buy-side demand, progressively moving towards electronic trading. Order-driven venues such as BrokerTec and eSpeed
PEGAS, the pan-European gas trading platform operated by Powernext, is to introduce locational spot products on 17 November 2015, supporting the physical balancing of French Transmission System Operators (TSO) and German Market Area Manager (MAM).
As a result, GASPOOL and GRTgaz will be able to perform balancing actions directly on the existing PEGAS Trayport ETSSM trading screen which has been adapted accordingly. The new products are listed on the PEGAS spot market, allowing all current PEGAS members to easily join in. Transactions will be cleared through European Commodity Clearing (ECC).
PEGAS actively supported national regulatory authorities and grid operators in
