Funds
The Taiwan Futures Exchange (TAIFEX) is to launch two RMB FX futures contracts, the USD/CNT FX futures (RTF) and the USD/CNH FX futures (RHF) on 20 July, 2015.
RTF and RHF are with contract sizes of USD 20,000 and USD 100,000 respectively. Trading hours for both contracts will be from 8:45am to 4:15pm to cover the trading hours of Taiwanese interbank spot FX market.
In addition, TAIFEX launched two new ETF Futures associated with China’s stock indices (FTSE China A50 Index and SZSE 100 Index) on 8 July, 2015. They added to TAIFEX current ETF Futures suite, and made it
La Française Inflection Point (LFIP) has launched an innovative, climate-themed global equities fund, just six months ahead of a pivotal United Nations climate change summit to be convened in the French capital.
La Française Lux-Inflection Point Zero Carbon (ZC), a long only Luxembourg SICAV sub-fund, was launched in mid-June with EUR25 million in seed capital provided by La Française.
Working with Paris head-quartered La Française, a multi-class asset manager with over EUR50 billion in assets under management, IPCM provided the in-depth carbon finance research underpinning the ZC fund, which is managed by LFIP. LFIP is now running close to
June proved another difficult month for managed futures hedge funds, with the strategy declining an additional -2.64 per cent during the month, the universe’s third consecutive monthly decline, according to eVestment’s latest hedge fund performance report.
Losses dropped the average Q2 return to -3.99 per cent and dragged returns for the first six months of 2015 into negative territory, -1.11 per cent.
Large managed futures funds, those with greater than USD 1 billion in AUM, experienced elevated losses in June, declining an average of -4.79 per cent. The decline surpasses the magnitude of early 2015 gains and pushed large managed
It was once again a decisive week for the EU with market participants granting an ever rising probability of Grexit. European assets experienced sizeable pressure during the period under review, though there has been a respite towards the end of the week following the conciliatory tone of the Greek government.
Salman Ahmed (pictured), Global strategist & Portfolio Manager at Lombard Odier Investment Managers, comments on the latest Greek bailout deal…
After numerous last-minute deadlines and several twist and turns including the missed IMF payment, we finally seem to be heading towards a resolution to the latest episode in the EZ debt crisis (once again centred around Greece). There is still some lingering uncertainty as the reforms agreed by Tsipras have yet to be put to parliamentary vote but indications are that after the referendum Tsipras is enjoying a stronger domestic position than just a couple of weeks ago.
Overall, we think
Flow Traders, a global technology-enabled liquidity provider that specialises in exchange traded products (ETPs), has listed on Euronext Amsterdam.
Flow Traders quotes bid and ask prices, enabling market participants to buy and sell ETPs efficiently and provides liquidity in over 4,000 ETP listings across the globe, tracking all underlying asset classes including equities, fixed income, commodities and currencies. Flow Traders is headquartered in Amsterdam with trading offices in Asia and the US covering all time zones.
The total offering of Flow Traders was valued at EUR521 million. After opening, the market price was EUR34.00 per share. Based on the
Ryan Caldwell, former Ivy Funds Portfolio Manager, has launched Chiron Investment Management, a boutique, actively managed investment management firm that will seek to generate attractive risk-adjusted returns for its investors.
The firm will seek to utilise Caldwell’s proven, highly transparent approach to developing investment themes and positioning client portfolios. Chiron will have offices in Mission Woods, Kansas and New York City.
Caldwell will be the Chief Investment Officer of Chiron. He was most recently Co-Portfolio Manager of the Ivy Asset Strategy and Waddell & Reed Asset Strategy funds. These funds had generated top-tier investment performance versus their peers during his
All six of IndexIQ’s proprietary family of hedge fund replication and alternative beta indexes recorded negative performance in June.
The IQ Hedge Event Driven Index was the month’s biggest loser with a return of -2.14%, followed by the IQ Hedge Global Macro Index (-1.47%), the IQ Hedge Multi-Strategy Index (-1.38%), the IQ Hedge Long/Short Index (-1.22%) and the IQ Merger Arbitrage Index (-1.05%).
The best performer for the month was the IQ Hedge Market Neutral Index with a return of -0.70%.
Designed as investable benchmarks that replicate the performance characteristics of sophisticated hedge fund strategies, the IQ Hedge indexes comprise
AST Fund Solutions, a provider of a complete suite of shareholder communication and recordkeeping services for mutual funds and closed-end funds, has launched a full-service intermediary oversight solution called AST Oversight.
AST Oversight was developed with Wheelhouse Analytics, a well-known technology provider in the space, to provide AST clients with the necessary tools to leverage disparate sources of data for streamlined data management and analytics. In today’s highly competitive distribution market, efficient management of multiple broker-dealer distribution relationships with unique individual revenue sharing expenses is critical for fund firms. Essential components of an intermediary oversight program include understanding effective rates
Hedge funds posted declines in June as Chinese equities fell sharply and uncertainty over the outcome of the Greece referendum contributed to losses in quantitative, trend-following, Macro CTA strategies, according to HFR.
The HFRI Fund Weighted Composite Index declined -1.3 per cent in June, the worst monthly decline since June 2013, paring gains for 1H15 to +2.4 per cent. Despite the June decline, the 1H15 HFRI gain still outperformed US equities as measured by the S&P 500 by over 200 basis points.
Macro hedge fund strategies led declines for the month, with losses across equity and currency exposures contributing to
