Funds
Over the last 12 months, the South African hedge fund industry has gone from strength to strength and there is growth in almost all areas. Preqin’s Hedge Fund Analyst online service shows that since June 2014, the number of South Africa-based funds has increased from 104 to 124, while the total assets managed by South Africa-based hedge funds has increased from just over ZAR41bn to around ZAR66bn. In addition to the promising growth statistics, there are other catalysts set to help the South African hedge fund industry on its journey to maturity.
In 2012, South Africa’s National Treasury and the
Deer Park Road is to launch a new fund – the SBF Opportunities Fund – on 1 July. The new fund will complement Deer Park’s two existing funds, STS Partners Fund and Burgess Creek Fund.
As with Deer Park’s existing funds, SBF Opportunities Fund will focus on mortgage-backed and other asset-backed securities, but is expected to invest in a broader range of MBS/ABS securities. It is also expected to differ from Deer Park’s other funds by being more actively traded, and incorporating larger leverage and short components.
“The SBF Opportunities Fund is really a response to the numerous requests
BT is making it easy for investors globally to trade on the equities and derivatives markets of the Japan Exchange Group (JPX), Asia's largest exchange group and the third largest in the world.
Following an agreement between the two firms, members of the BT Radianz Cloud — the world's largest networked financial community — can now access a range of brokers and the market data needed to trade on JPX’s growing markets via their secure, cost-effective and reliable BT Radianz Cloud connection.
JPX joins a growing number of Asian exchange groups on the BT Radianz Cloud including the
Independent agency broker and execution specialist Neonet has added to its algorithmic trading suite with the launch of the new “Capture” algorithm.
Capture is a liquidity seeking algorithm designed to leverage a number of underlying algorithmic models and methodologies across both dark and lit markets, depending on the client’s urgency to complete the order.
“We are very pleased to announce the addition of our new algorithm ‘Capture’ which gives our clients a tool to find liquidity in various scenarios,” says Tim Wildenberg, Chief Executive Officer of Neonet. “The client can dynamically control the algorithm by determining the urgency required to
Pekin Singer Strauss Asset Management, investment advisor to Appleseed Fund and high-net-worth individuals, is supporting Sprott Asset Management’s offer to acquire all outstanding units of Central GoldTrust (GTU).
“As Central GoldTrust’s largest unitholder, we’re disappointed that the GTU trustees have so quickly dismissed the Sprott offer,” says Adam Strauss, Pekin Singer Strauss co-CEO. “Not only is Sprott’s exchange offer superior to the status quo, it already has significantly reduced Central GoldTrust’s net asset value discount as others in the market have recognised its value. We expect the discount will be reduced further when GTU’s physical gold assets are exchanged into
Under AIFMD, alternative investment fund managers (AIFMs) looking to market their funds within the EU, Switzerland, and EFTA countries need to obtain and maintain an “EU Passport”.
As such, the AIFMs are required to register themselves and their managed funds and submit ongoing reports in order to comply with the directives to their local regulators.
In light of the reporting challenges, SIX Financial Information is providing the AIFMD relevant fund managers and funds data via its flagship reference data feed, VDF. SIX’s securities data enables AIFMs to calculate the correct asset values for the registration and reports to the supervisory
By James Williams – Private equity has never been synonymous with the word liquidity when it comes to investing in alternative assets, but a new report by SEI’s Investment Manager Services division suggests that this may be changing.
The report, entitled “Private Equity Liquidity – A Work in Progress”, finds that nearly half of general partners (47 per cent) and a third of limited partners (36 per cent) and consultants (33 per cent) agreed that the private equity market was “more liquid than it used to be”. For reference, SEI surveyed 212 private equity professionals during November 2014 to canvass
The Lyxor Hedge Fund Index was up +1.2 per cent in May. 10 out of 12 Lyxor Indices ended the month in positive territory, led by the Lyxor Fixed Income Arbitrage Index, the Lyxor LS Equity Long Bias Index, and the Lyxor Global Macro Index (all up +1.9 per cent).
Most strategies delivered positive returns in May to the exception of CTAs taking a hit from the macro rotation which started in April. Put in perspective, for most of Q1, markets priced in a strong US economic lead giving support to non-US reflations. Resurfacing global growth concerns triggered multiple reversals
Coherence Capital Partners, a fixed income focused alternative investment firm, and James Alpha Management, a diversified alternative asset management firm, have entered into a strategic partnership to exclusively distribute Coherence’s flagship Spectrum Fund.
The Spectrum Fund is a long/short alternative investment vehicle predominantly focused on North American and European corporate and sovereign debt exposures. James Alpha will be making a principal investment in the Spectrum Fund as well as focusing on distributing the Fund through its substantial investor network. James Alpha, well known for its ability to identify the top performing emerging managers in the alternative space, and Coherence Capital
Citi has launched futures trading functionality on Citi Velocity, the trading platform that provides clients with access to Citi’s research and liquidity across FX, Rates and Credit.
Launched in January 2012, Velocity 2.0 is continuously upgraded to include new features and asset classes. It provides clients with an integrated trading suite enabling fastest possible execution times, much enhanced liquidity and trade data tailored to the needs of each individual client. It is also a greatly simplified and streamlined platform, as various asset classes are grouped together seamlessly on a single desktop. The newly-added and comprehensive futures functionality includes a range
