Funds
How investors are turning to non-traditional sectors for income streams – By Craig Reeves, Founder, Prestige Asset Management/Prestige Capital Management…
Since the financial crisis of 2008, many of the economic factors that have been taken for granted in global investment simply no longer apply. We are living in a new world of risk and opportunity. Austerity and a change in the regulation of the banking sector are having unanticipated consequences on the way businesses are financed and the role banks play in the economy.
The printing of money by central banks is also changing the complexion of global financial markets,
Australia has taken a decisive step towards its advancement as a global investment market, with the smooth passage of the Investment Manager Regime (IMR) legislation through the Australian Parliament.
The Alternative Investment Management Association (AIMA), the global hedge fund industry association, notes that the legislation, which contains a number of favourable amendments to its earlier draft form, marks a new chapter for Australia to grow as an attractive destination for foreign capital and fund trading operations.
Michael Gallagher, General Manager of AIMA Australia, said the IMR is the culmination of meaningful consultations between the financial services industry and Australian
Trading in Euronext’s CAC40 Mini Futures achieved record daily and weekly volumes last week with a total of 8427 contracts traded during the week of 15 June. On 18 June a new total daily volume record was reached with 3189 contracts traded.
CAC40 Mini Futures are part of Euronext’s Mini Index Derivatives franchise on its flagship indices. Mini Index Derivatives are exactly the same as the standard index derivatives, only the contract size is 10 times smaller. This provides investors with the opportunity to trade European blue chip index derivatives with a smaller investment: paying less for options and depositing
The Fed confirmed its dovish stance at the latest FOMC meeting, significantly decreasing monetary policy uncertainty over the course of the summer. Markets responded positively with US equities and Treasuries posting gains. In the Eurozone, uncertainties associated with Greece materially stepped-up.
Ayaltis has launched a new fund, Narrapuno SPC Convergence, which aims to leverage the firm's experience and insight in the multifaceted strategies of the credit market.
This fund of fund concept focuses on the singular opportunity set, which has evolved through the bank disintermediation process, currently taking place in the direct lending market globally. As a consequence of the more restrictive regulatory environment, banks withdraw more and more from traditional lending to medium and small sized companies. This gap, which Ayaltis expects to widen in the coming years, creates rewarding investment opportunities for non-financial market participants in the private debt sector. The carefully selected,
The SS&C GlobeOp Forward Redemption Indicator for June 2015 measured 4.72 per cent, up from 4.68 per cent in May.
“SS&C GlobeOp’s Forward Redemption Indicator for June 2015 of 4.72% reflects normal seasonally-elevated redemption requests, but viewed year-over-year it is an improvement from last June when the same indicator was 4.80%,” says Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies. “Though this represents only a small gain, it is the first positive monthly comparison since January and suggests that investor sentiment may be turning more optimistic regarding prospects for hedge fund performance.”
The SS&C GlobeOp Forward Redemption Indicator represents
MUFG Investor Services, the global asset servicing group of Mitsubishi UFJ Financial Group, is to acquire UBS Global Asset Management’s Alternative Fund Services (AFS) business.
“This transaction is part of our strategy to build MUFG Investor Services into an industry-leading administrator, both organically and through acquisitions," says Junichi Okamoto, Group Head of Integrated Trust Assets Business Group, Deputy President, Mitsubishi UFJ Trust and Banking Corporation. "AFS’ strong client franchise, global footprint, and notably its strong presence in Asia, are an excellent strategic fit.
“We are confident that our clients will benefit from the depth of combined resources and capabilities and
New hedge fund launches rose to the highest level in three quarters in Q1 2015, as strong performance industry-wide drove both total global hedge fund capital and the total number of hedge funds to record levels.
Hedge fund launches totalled 264 in Q1 2015, the highest level since 2Q 2014, bringing the total number of hedge funds globally to 10,149 according to the latest HFR Market Microstructure Industry Report. Total hedge fund capital increased to a record of USD2.94 trillion in Q1 2015, while the HFRI Fund Weighted Composite Index and HFRI Equity Hedge Index posted gains of +3.9 and
Franklin Templeton Investments has amended the objectives for its three Luxembourg-registered multi-asset funds to include return and volatility targets effective 19 June.
The funds, which are part of the Franklin Templeton Investments Fund (FTIF) range, will also be renamed to better reflect their respective return and volatility targets.
Jamie Hammond, managing director for Europe, Franklin Templeton Investments, says: “Following the merger of the FTSAF range into FTIF range earlier in March 2015, this recent development is a significant step in shaping Franklin Templeton’s multi-asset fund proposition for international investors. We are seeing increasing demand for outcome-oriented products, which give
Liquidnet is integrating with seven Order Management Systems (OMS) to provide direct connectivity into the first dark pool for corporate bonds, which is scheduled to launch in Q3.
Through these integrations, Liquidnet is centralising a critical mass of corporate bond liquidity to market participants so that they can take advantage of corporate bond trading opportunities that are currently not available in the marketplace.
“Our clients have asked us for a dark pool that enables them to match based on passive blotter-level dark liquidity. By connecting to their existing order management systems, asset managers will have direct access to a
