Funds
Hedge Connection has secured a United States Patent (No 9,070,165) for the firm’s business methodology utilising dual online search engines and detailed databases accessible by qualified investors and hedge funds.
Awarded as of 30 June, 2015, this second patent not only provides a continuation of US Patent No 8,468,078 issued to Hedge Connection in 2013, but also strengthens this financial technology firm ’s leadership position offering private placement matching efficiencies and ease of use within a controlled secure online environment.
“As a Fintech innovator, we are very proud that our pioneering solution to stimulate overall hedge fund investing
Hedge funds are on track to deliver solid returns in July, up 1.4 per cent month to date (0.4 per cent last week). In line with our overweight recommendation, CTAs and Global Macro managers outperformed other hedge fund strategies. Meanwhile, Event-Driven managers underperformed both last week and on a month-to-date basis, in line with our downgrade of the strategy from overweight to neutral early June.
The latest hedge fund launch data is analysed in this extract from the Preqin Quarterly Update: Hedge Funds, Q2 2015, which looks at the structure, location, investment focus and strategy of hedge funds launched in the second quarter.
Single-manager hedge funds dominated launch activity over the quarter, accounting for 79 per cent of the 116 hedge fund launches added to Preqin’s Hedge Fund Analyst in Q2 2015 (Fig 1). Alternative mutual fund structures saw a decline in terms of their prominence in fund launches, from representing 13 per cent of fund launches in Q1 2015 to just 3 per
Dinsmore Capital Management and Gabelli Funds announced have signing a strategic relationship. Subject to shareholder approval, the Dinsmore Group of Gabelli Funds will continue to manage the Bancroft Fund and the Ellsworth Growth and Income Fund. In addition, the Dinsmore portfolio management team will contribute to the management of The Gabelli Convertible and Income Securities Fund.
Thomas H Dinsmore, Chairman and Chief Executive of Dinsmore, says: "We are delighted to enter this new chapter of our stewardship of the Bancroft and Ellsworth funds. Gabelli has a world-class reputation for generating returns for shareholders. Becoming part of the Gabelli team will offer
Deutsche Börse AG and the shareholders of 360T Beteiligungs (360T), including Summit Partners 360, have signed a definitive agreement regarding the full acquisition of 360T by Deutsche Börse AG for a total EUR725 million.
360T is a leading global FX trading platform catering to a broad customer base including corporates, buy-side firms, and banks, with double-digit annual revenue growth since its inception in 2000. The acquisition by Deutsche Börse AG is expected to further accelerate 360T's organic growth trajectory. In addition, the combination will facilitate significant double-digit million Euro revenue synergies in the mid-term by utilising Deutsche Börse Group's international distribution capabilities and expertise.
Deutsche Börse AG plans to finance the
Nasdaq has launched Nasdaq Futures, a US-based platform that will initially offer futures and options on oil, natural gas and US power benchmarks, with a fee holiday for the first nine months of trading. All products will be cleared through The Options Clearing Corporation (OCC).
"NFX was born out of strong customer demand and a confidence in Nasdaq's ability to deliver an innovative technology solution," says Hans-Ole Jochumsen (pictured), President, Nasdaq. "We truly believe that competition drives innovation, and that the energy futures market is ready for our more transparent pricing model."
NFX is a designated contract market, powered by
Ares Management and Kayne Anderson Capital Advisors are to merge to form Ares Kayne Management, a diversified alternative asset manager with a combined USD113 billion of assets under management as of 31 March, 2015.
Under the terms of the agreement, Ares will provide USD2.55 billion in consideration, the majority of which will be in the form of Ares Operating Group Units. The transaction is expected to close on or around January 1, 2016, subject to customary regulatory approvals, Kayne Anderson investor consents and other closing conditions.
Ares Kayne combines Ares Management, a leading global alternative asset manager with USD87 billion
The European Securities and Markets Authority (ESMA) has launched a consultation on proposed Guidelines on sound remuneration policies under the UCITS V Directive and AIFMD.
The Directive includes rules that UCITS must comply with when establishing and applying a remuneration policy for certain staff categories and the proposed UCITS Remuneration Guidelines further clarify the Directive’s provisions.
The proposed Guidelines aim to ensure a convergent application of the remuneration provisions and will provide guidance on issues such as proportionality, governance of remuneration, requirements on risk alignment and disclosure. The final Guidelines will apply to UCITS management companies and national competent authorities.
Convergex has launched a new Buy-Write Algorithm, which leverages its advanced VWAP equity algorithm and Pulse options algorithm to allow clients to electronically employ a buy-write trading strategy.
Convergex’s Buy-Write Algorithm combines the power and reach of the firm’s equity trading capabilities with the cutting-edge technology of its options business, to purchase equities while simultaneously selling call options on the same stock. Using the Buy-Write Algo, clients can hedge their equities trades while also generating additional income from options premiums.
“Our diverse client base is always looking for new ways to extract more yield from the marketplace,” says Oliver
Backstop Solutions Group – a provider of cloud-based solutions designed to help the institutional investment industry save time, increase productivity and make better investment decisions – has partnered with Preqin Ltd.
With this partnership, Backstop users can now seamlessly integrate Preqin investor data into their Backstop CRM platform.
“Many of our clients are already using the Preqin database to source potential clients, so this partnership will further streamline their sales and marketing efforts and help them work more efficiently.” says Robert Goldbaum, Backstop’s Vice President of Product & Market Strategy. “With this integration, Backstop clients will have access to the
