Funds
The hedge fund industry produced an aggregate return of 1.91 per cent in October, bringing YTD returns to near flat for 2015, but still negative at -0.80 per cent, according eVestment’s latest Hedge Fund Performance report.
The industry’s last annual decline was 2011 when average returns were -4.99 per cent and the S&P rose +2.11 per cent.
With median gross exposure increasing into the end of Q3, due to rising short exposure as long positions did not decline in-line, equity hedge funds participated in October’s market rally, however at a muted pace. Returns of 3.25 per cent from all
Stifel Financial Corp is to acquire Eaton Partners, an independent, partner-owned hedge fund and private equity fund placement and advisory firm.
Eaton's extensive relationships with private equity firms, hedge funds, high net worth family offices, and institutional investors is a growth opportunity for Stifel to leverage both its investment banking platform and its high net worth private client business, which will include the previously announced Barclays Wealth Americas business upon closing in the fourth quarter of 2015.
Eaton has over 60 employees across six offices and relationships with over 4,000 of the largest active institutional investors. Since Eaton's inception
Hedge fund managers are experiencing the ripple effects of new regulations on banks and prime brokers, with hedge funds facing increased trading fees and broader changes to business relationships.
These dynamics place additional pressure on margins and are leading managers to seek new growth strategies, according to The evolving dynamics of the hedge fund industry, EY's 2015 Global Hedge Fund and Investor Survey.
Regulations such as Basel III and Dodd-Frank have caused banks and their prime brokerage businesses to focus more closely on liquidity, balance sheet capacity and funding, resulting in changing economics for fund managers who finance trades
Affiliated Managers Group (AMG) is to acquire an equity interest in South African hedge fund firm Abax Investments with the firm’s senior partners continuing to hold the majority of the equity of the business and direct day-to-day operations.
With approximately USD5.4 billion (ZAR74 billion) in assets under management as of September 30, 2015, Abax specialsed in South African equity, fixed income, and strategic and tactical asset allocation strategies, as well as a separate global equity strategy. Abax employs a disciplined, fundamental research approach to investing in companies with strong potential earnings growth over the medium and long term, and has
S&P Dow Jones Indices launches the Dow Jones Sustainability Europe Diversified High Beta High Dividend Index which is designed to measure high income liquid stocks with high historical beta within the Dow Jones Sustainability Europe Diversified Index.
The Index has also been designed for tradability and has been licensed to UBS for product development.
The Index contains 50 of the high yielding high beta companies within the Dow Jones Sustainability Europe Diversified Index, which in turn is part of the Dow Jones Sustainability Diversified family of indices (DJSI Diversified).
The DJSI Diversified family is maintained collaboratively by S&P
Last week, markets focused on welcoming encouraging October economic releases, factoring possible non-US central banks actions, digesting a more hawkish Fed and jumping into the rally.
Well over 150 Canadian hedge fund and financial services industry professionals and supporters gathered at The Storys Building in Toronto on October 29 for the 12th annual “Open Your Hearts to the Children” gala.
The special fundraising evening organised by Hedge Funds Care/Help for Children Canada (HFCC) raised nearly CAD250,000 for the prevention and treatment of child abuse. To date, this annual event has now raised more than CAD2.3 million. The funds raised are allocated to local charities and organisations that focus on child abuse prevention and treatment.
“Once again the hedge fund and broader financial services industry in
Cordium has launched a new electronic communications review service designed to monitor the emails, instant messages and other office communications of broker dealers and registered investment advisers to meet various regulatory and compliance requirements.
The review process, which will be tailored to the requirements of individual users, will include an independent and confidential assessment without bias or complication of internal employee relationships, as well as specific search parameters unique to the regulatory risk profile of the organisation.
The process will also provide documentation and evidence review for records in the event of an audit; and a team of consultants
Conning is to acquire Octagon Credit Investors, a US–based manager of specialised credit asset classes with expertise in collateralised loan obligations (CLOs), bank loans and high yield bonds.
Based in New York, Octagon has more than 20 years of experience investing in below-investment grade markets, allowing Conning to expand its best-of-breed capabilities for clients globally. Octagon manages USD12.8 billion in assets through its CLOs, separate accounts and commingled fund offerings on behalf of insurance companies, banks, pension funds and asset managers. Andy Gordon will continue as Octagon’s Chief Executive Officer, and the firm’s existing investment and business teams will remain
After a strong September, CTA strategies posted lower returns across the board in October 2015, with all managed futures indices calculated by Societe Generale Prime Services in negative territory.
The Newedge CTA index was down 1.15 per cent in October (from 1.17 per cent in September) bringing year-to-date performance to -1.18 per cent.
Short Term Trader returns were mixed, resulting in slightly negative index performance of -0.31 per cent, but representing a large return dispersion between individual managers.
Trend followers experienced the difficult market conditions in October most strongly, with the Newedge Trend index ending down 2.45 per
