Funds
Object Trading is expanding its Direct Market Access Service Platform by co-locating its managed software, client gateways and global connectivity network in the Australian Liquidity Centre (ALC), the Australian Securities Exchange’s data centre.
The ALC is the only purpose-built facility designed to meet the needs of the Australian financial markets community, as well as provide access to all ASX execution and information services. By co-locating in the ALC, Object Trading will be able to extend the availability of its specialist services to the ALC’s expanding community.
Gerry Turner (pictured), Executive Director, Object Trading, says: “We have been proud vendors of
EFG Asset Management’s New Capital has launched its SFC-authorised funds in Hong Kong. The four Irish-domiciled UCITS funds were approved by the Securities and Futures Commission (SFC) on 19 August 2015 and are now open to Hong Kong investors.
New Capital China Equity Fund is managed by award-winning portfolio manager, Mansfield Mok, who has over 25 years of experience investing in Chinese equities. The four star Morningstar-rated fund2 invests in a concentrated portfolio of stocks which have modest valuations yet strong growth potential, and are positioned to benefit from ongoing Chinese reforms.
New Capital US Growth Fund is a four
Intercontinental Exchange (ICE) is to acquire Interactive Data Corporation (IDC), a provider of financial market data, analytics and related trading solutions, from Silver Lake and Warburg Pincus.
The acquisition is valued at approximately USD5.2 billion, including USD3.65 billion in cash and USD1.55 billion in ICE common stock, and adds technology platforms and new data and valuation services to ICE’s global market data offering.
IDC, based in Bedford, MA, serves the mutual fund, bank, asset management, hedge fund, securities and financial instrument processing and administration sectors. ICE’s data business currently spans nine asset classes across the eleven exchanges and seven clearing
Risk assets rallied in the wake of Draghi’s comments which signalled that the ECB stands ready to extend QE at its December 3 meeting. After years of non conventional monetary policies, there is a strong sense of déjà vu. There is nonetheless hope that the improved risk appetite is not simply the result of central bank accommodation, whose marginal returns could be diminishing.
PRAXIS Fund Services Limited has launched a new Guernsey incorporated closed-ended investment company, Alternative Liquidity Fund Limited, with an indefinite life.
The fund all invest in a diversified portfolio of illiquid interests in funds and other instruments and securities with the objective to manage, monitor and realise these investments over time. Alternative Liquidity Fund Limited has a single class of ordinary shares in issue, which is listed on the premium segment of the Official List and traded on the London Stock Exchange's Main Market.
Morgan Creek Capital Management LLC is the investment manager of the company and advises the company
Total USD interest rate swaps (IRS) trading volumes since launch on Trad-X, a platform for the trading of global interest rate derivatives, have now surpassed USD 2.5 trillion, with the period beginning January 2015 accounting for over half of this total volume.
On-SEF USD IRS trading on Trad-X, which launched in 2011, has continued to rise throughout the first three quarters of 2015. Over 15,000 USD IRS trades have been executed on Trad-X since the beginning of January, equating to a notional volume of USD 1.6 trillion and has helped propel TraditionSEF into a market leading position for the execution
Hedge fund launches are under the spotlight in this extract from the Preqin Quarterly Update: Hedge Funds, Q3 2015.
Alternative mutual funds saw a significant rise in their share of new fund launches in Q3 2015. These structures accounted for 13 per cent of the new launches monitored by Preqin’s Hedge Fund Analyst, a 10 percentage point increase on the previous quarter (Fig 1). Their European equivalent, UCITS vehicles, also accounted for 13 per cent of fund launches in Q3 2015, an increase from 9 per cent in Q2 2015. Single-manager hedge funds maintained their dominance: these funds
This extract from the Preqin Quarterly Update: Real Estate, Q3 2015 examines current closed-end private real estate funds in market, looking at target capital, primary geographic focus, time spent on the road and a sample of the largest funds currently fundraising.
The number of closed-end private real estate funds in market has increased slightly since Q2, with 463 vehicles currently seeking USD160 billion in capital (Fig 1). The make-up of funds in market at the start of Q4 2015 remains relatively consistent, with the majority of funds in market and aggregate target capital focused primarily on North America (Fig 2).
The Abbey Capital Futures Strategy Fund, alternative investment manager Abbey Capital’s first liquid alternative mutual fund, which launched on 1 July 2014, has surpassed USD250 million in assets under management as at 30 September 2015.
The fund, which has returned over 22 per cent since its inception, offers individual and institutional investors access to a multi-manager managed futures mutual fund, comprising leading managed futures managers, and leveraging Abbey Capital’s expertise in manager selection, portfolio construction and risk management.
“The performance of the Fund since inception shows its value for investors as part of a diversified portfolio,” says Tony Gannon
Luxembourg's funds industry is marching ahead as Europe's leading funds domicile if figures released by the Association of the Luxembourg Funds Industry (ALFI) are anything to go by. According to ALFI, March saw the Grand Duchy enjoy record net sales and a growth of AUM.
Total assets now total EUR3.53 trillion, a 3.55 per cent increase for the month and a 13.89 per cent increase since the start of the year. In addition, net sales topped EUR49.92 billion.
Over the last 12 months, Lux-domiciled funds have seen their net assets grow more than 30 per cent. The low interest rate
