Funds
Balter Liquid Alternatives, a subsidiary of Balter Capital Management, has launched the Balter Discretionary Global Macro Fund, which is sub-advised by Willowbridge Associates Inc.
The co-Portfolio Managers, Phil Yang and Frank Marrapodi, utilise Willowbridge's wPraxis Trading Approach (1X Leverage) strategy and the fund's objective is to seek to generate positive absolute returns in most market conditions, irrespective of the performance of broad market indices. As a result, the performance of the fund may not be correlated with the performance of broad equity or fixed income markets.
The Balter Discretionary Global Macro Fund follows the Balter Liquid Alternatives' initial '40
Lyxor Asset Management has partnered with Corsair Capital Management to launch the Lyxor/Corsair Capital Fund a new UCITS-compliant US long/short equity strategy, and the first fund with daily liquidity within Lyxor’s Alternative UCITS offering.
The fund seeks to capture the performance of US equities with less risk, by preserving capital in down markets and using no leverage. It invests with a long bias focused primarily on US mid-capitalisation companies going through strategic and/or structural change, as those companies often have little analyst coverage and a complicated financial story. It is this information gap between market consensus and Corsair’s proprietary research
Marco Polo New World has launched MPFX, a new platform providing access to FX liquidity from both bank and non-bank sources.
The MPFX broker-neutral solution provides clients with the tightest spreads from multiple liquidity providers, and was developed in response to the demands of foreign local brokers and institutions. This matching engine and user interface allows clients to trade directly via a screen or to consume an FX data feed to get access to the highest quality liquidity and tightest spreads available in the market. By providing direct access to the markets, Marco Polo ensures it is a neutral facilitator
Alan Cauberghs, Senior Investment Director, Fixed Income, comments on the implications of the current situation in Greece for investors…
The spectre of a Greek default continues to concern investors, but how much would a Greek default really disrupt markets?
Greece’s Prime Minister, Alexis Tsipras, is facing an unwinnable game. Having ordered a EUR750 million loan payment to the IMF in May, just hours ahead of crunch talks with Greece’s creditors, the country remains far from out of the woods. The next IMF deadline is this Friday (5th June), when a EUR300 million loan repayment is due. In May, some members of Mr Tsipras’ governing Syriza party had
Interactive Brokers Group has launched the Investors’ Marketplace, a new online platform where traders and investors, financial advisors, fund managers, research analysts, technology providers, business developers and administrators can meet and do business together.
The Investors’ Marketplace allows participants to search for a wide variety of investment and other third-party service providers, and advertise their services to individual and institutional investors around the world. To advertise their services, advisors, money managers, hedge funds and brokers must have an account at IB. Other third-party service providers, such as compliance, legal and administrative firms, can list without an IB trading account.
The
Singapore Exchange (SGX) has reported growth in derivatives and commodities activities in May from a year earlier but a decline in securities trading.
Securities turnover was USD23.0 billion, down 2 per cent year on year and 13 per cent month on month. Daily average value of trading was USD1.1 billion, down 2 per cent year on year and 9 per cent month on month. May had 20 trading days while April had 21.
Total market capitalisation was USD1.05 trillion, up 3 per cent from a year earlier and unchanged month on month.
A total 38 bonds raising USD14.6 billion were
The Credit Suisse Liquid Alternative Beta Index (CSLAB), which aims to reflect the performance of the overall hedge fund industry, finished up 0.83 per cent in May.
The Long/Short Equity strategy was the strongest performer, finishing up 1.28 per cent for the month, while the Managed Futures strategy remains the highest performer year-to-date, up 7.81 per cent.
The Credit Suisse Global Strategies Liquid Index (1.00%), the Credit Suisse Managed Futures Liquid Index (0.81%) and the Credit Suisse Event Driven Liquid Index (0.24%) all recorded positive performance while the Credit Suisse Merger Arbitrage Liquid Index was the only strategy to finish
Markit is to acquire Information Mosaic, a software provider for corporate actions and post trade securities processing.
Information Mosaic’s enterprise software will allow Markit to extend its corporate actions service to support the full corporate actions trade lifecycle and enhance Markit’s asset servicing solutions.
Michele Trogni, managing director, cohead of Solutions at Markit, says: “Information Mosaic is known for its leadership in corporate actions, a critical, complex and challenging area of operational risk for many financial institutions. The combination of deep domain expertise, data and technology assets created by this acquisition will position Markit as a leading provider of end
eVestment, a provider of traditional and hedge fund data and analytics for the institutional investing community, is launching new offerings in the private equity and venture capital arenas.
To serve institutional investors who are increasingly investing in private market funds, eVestment has acquired TopQ, an innovator in private equity analytics based in Edinburgh, Scotland. At the same time, eVestment is announcing the pending launch of a new and expansive private equity dataset in the second half of 2015 and will begin development immediately to integrate TopQ with the new eVestment dataset. With these moves, eVestment continues to deliver on its
Managed service and IT infrastructure provider Options, has acquired Jake Roy Pillar, a New York-headquartered technology consultancy for the financial industry and primarily hedge funds.
The financial terms of the deal, which closed in the second quarter of 2015, have not been disclosed, but the acquisition will see the technology consultancy form an additional business unit within Options called Options Advisory.
The acquisition will allow Options to provide clients currently leveraging their portfolio of products, including leading hedge funds, global investment banks and private equity firms, with direct access to a professional consultancy team who are uniquely experienced in delivering
