Funds
Jersey is successfully leveraging its appeal as a leading alternative funds domicile to attract innovative technology and software businesses that support the European asset manager community.
TORA, a technology and financial services company focusing on the investment management space, is the latest company to relocate to Jersey this summer and underlines Jersey’s position as a centre for both financial and digital services.
Having been founded in 2004, TORA has grown a strong international institutional client base and is now establishing a presence in Jersey in order to build out its European business. The new business in Jersey will be
CME Group is to launch Ultra 10-Year US Treasury Note futures and options for early in the first quarter of 2016. The new contracts will be listed with, and subject to, the rules and regulations of the CBOT, pending certification of contract terms and conditions with the CFTC and completion of all applicable regulatory review periods.
The new Ultra 10-Year US Treasury Note futures will allow for delivery of original issue 10-year US Treasury notes with remaining terms to maturity at delivery of at least 9 years 5 months and not more than 10 years. By comparison, the existing 10-Year US Treasury
All six of IndexIQ’s IQ Hedge investable hedge fund replication indexes recorded negative performance in September.
The month’s biggest loser was the IQ Hedge Long/Short Index with a return of -2.10 per cent followed by the IQ Merger Arbitrage Index (-2.04 per cent), the IQ Hedge Event Driven Index (-1.20 per cent), the IQ Hedge Global Macro Index (-1.20 per cent), the IQ Hedge Multi-Strategy Index
(-0.86 per cent) and the IQ Hedge Global Macro Index (-0.36 per cent).
The month’s best performer was the IQ Hedge Market Neutral Index which saw a drop of -0.19 per cent.
Managed Funds Association (MFA) President and CEO Richard H Baker has released a statement regarding the US Securities and Exchange Commission’s comprehensive report on private fund reporting detailed in Form PF.
Baker says: “MFA Members welcome the release of this data, which provides even more transparency into our globally-regulated industry.
“Alternative investment managers play an active role in the more regulated, more transparent capital markets brought about by the Dodd-Frank Act. MFA Members embraced many of these changes and continue to advocate for globally-consistent regulations that foster fair and efficient markets for all investors. Increased reporting requirements were part of
This recent factsheet from Preqin takes a detailed look at the hedge fund industry in France, including the strategy and structure preferences of investors, the number of hedge fund launches each year, fund terms and conditions, the largest hedge fund managers and performance.
View the full factsheet here.
The Preqin All-Strategies Hedge Fund benchmark returned -1.44 per cent in September, marking another difficult month for hedge funds as relative value funds were the only top-level strategy to see positive performance.
This is the fourth consecutive month of negative returns for hedge funds, the longest negative period since Jun – Nov 2008. Overall returns for 2015 YTD now stand at only 0.18 per cent, with the year on course to have the lowest returns since 2011.
However, with the S&P 500 currently returning -3.14 per cent for the year so far, hedge funds are still outperforming public markets.
Data analytics and advisory company Convergence has launched its ‘Best Fit’ service for advisers allowing users to identify service providers who are most closely aligned with the operating complexity of their business model.
Convergence has identified 31 unique operating complexity factors that will help focus the choice of service provider based on data driven metrics.
Advisers can use Best Fit to streamline their service provider sourcing and RFP process by focusing on the most appropriate 'short list' of service providers based on the complexity factors that are most important to them. Best Fit can be used to create the right alignment upfront in the RFP process
The hedge fund industry produced an aggregate return of -1.20 per cent in September, dropping YTD returns further into negative territory for 2015, -2.35 per cent, according to eVestment’s latest Hedge Fund Performance Monthly 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.
For many in the hedge fund industry, 2015 is shaping up as the worst year since 2011, if not since 2008. One primary difference between 2015 and 2011 is many major markets produced positive returns in 2011, more so on the credit side,
Deutsche Börse has completed its acquisition of trading platform 360T, following the approval of relevant antitrust authorities and the German Federal Financial Supervisory Authority (BaFin).
360T remains under the regulatory supervision of BaFin and operates under the existing management team. CEO Carlo Kölzer is joining Deutsche Börse’s Group Management Committee.
360T will be the centre of competence of Deutsche Börse Group’s global FX strategy. The 360T management is mandated to further develop and expand its highly successful business model as it will be empowered by the broad capabilities of Deutsche Börse Group.
The future set-up of 360T within
The private debt industry in Asia has already seen fundraising growth within the distressed debt and mezzanine segments in so far in 2015 compared to 2014. However, the industry in Asia is still far less established than in North America and Europe. Special situations funds have continued to see strong fundraising in the region, and the strategy is likely to once again be the most attractive avenue for exposure to Asian private credit.
Given the moderate fundraising for Asia-focused funds, dry powder levels have remained relatively stable, with USD6 billion in available capital. Mount Kellet Captial Management has held a
