Funds
Man GLG's Henry Dixon reacts to the UK General Election result…
It’s been an extraordinary election, and clearly the result is pro-growth. While utilities are rising today in reaction, I actually don’t think they will benefit much further. The real winners are the banks, which we as investors can now look at in a much more favourable light.
You can’t underestimate the confidence banks will be feeling now in terms of their futures, and this could be an inflexion point for them, potentially drawing a line under PPI claims, bringing an end to the fine culture, and creating a
From a performance perspective, Asia Pacific-focused hedge funds have really stood out from their global peers, not just over the last 12 months but over a two- three- and five-year period. For anyone who still needs reassuring that APAC hedge funds can deliver value, simply consider the following numbers, as detailed by Preqin in its March 2015 Hedge Fund Spotlight report.
Much of this performance is being driven by exposure to equity markets in what remain the key economic powerhouses of the region; namely India and China. Managers who are embedded in the region and well placed to understand the
The Lyxor Hedge Fund Index was up +0.1% in April. 3 out of 12 Lyxor Indices ended the month in positive territory, led by the Lyxor LS Equity Long Bias Index (+4.5%), the Lyxor LS Equity Market Neutral Index (+2.4%), and the Lyxor Merger Arbitrage Index (+0.7%).
Oil prices rallied through the month from improved EIA forecasts and US stocks accumulation starting to slow down. The Greece-Troika negotiations paced markets headlines on roller-coaster mode. In the second half of the month, EMU markets got seized in the cross currents of profit taking and QE trades unwinding. Eurozone equities netted a
CRYEX has filed an application with the Swedish Finansinspektionen (SFSA) to become a regulated clearing organisation and create a member-only marketplace with clearing and settlement for FX and digital currencies.
Cryex is managed by a highly experienced team of banking and exchange executives with a record across FX and capital markets, technology, regulatory, risk and security management.
Simon Nathanson, Chairman of Cryex Clearing AB and one of Sweden's most experienced exchange executives, says: “Cryex has a unique model to clearing and settlement and has all
In April, initial gains in several markets reversed as US data weakened versus expectations. In addition to a fall in the US dollar, European equities gave back their earlier positive returns, safe-haven sovereign bonds sold off and oil rallied significantly.
The US Dollar index was down 3.8 per cent; the DAX index was down 4.3 per cent in euro terms; German Bunds, US Treasuries and UK Gilts all sold off; and WTI crude oil futures rallied by 20.9 per cent. These reversals in key markets proved challenging for global macro hedge funds in April, however, traders expect many of the
Lawson Conner, a provider of investment management and compliance solutions to the alternative investment fund industry, has launched ‘Discovery’, an AIFM integrated offshore Investment Management Platform.
‘Discovery' will be structured as a Cayman Islands Segregated Portfolio Company (SPC), offering both EU and non-EU domiciled investment managers the opportunity to utilise a prompt and cost-effective 'plug-and-play' solution for multiple jurisdictions, while still offering fund managers the safety they would expect from operating their own dedicated fund structure. Funds can be launched within four-weeks under Cayman Islands law and in line with AIFMD regulations. Each ‘Discovery’ sub-fund has segregated liability and is therefore
Private debt fundraising and funds currently in market are examined in this extract from the Preqin Quarterly Update: Private Debt, Q1 2015.
Fundraising in Q1 2015
Q1 2015 saw 19 private debt funds reach a final close, securing an aggregate USD16 billion in commitments. This is a drop on the USD22 billion raised in Q4 2014 by 28 funds, but an increase on the amount of capital raised in the first quarter of 2014, when USD12 billion was accumulated (Fig 1).
Mezzanine fundraising accounted for the vast majority (70%) of capital raised in Q1 2015, with the bulk of
Data management is no longer simply an internal challenge for asset managers as they face increasing pressure from clients to respond to growing demands for data, according to RIMES, a provider of managed data services for the buy-side.
This comes at a time when the industry is battling to improve data quality and governance while also reduce data costs.
Growing client demand for data is now having a much larger impact on asset managers’ decisions relating to data management, according to the findings published today in the third RIMES 2015 Buy-Side Survey.
The survey analysed responses of more than 120
Derivatives marketplace CME Group saw total volume in April 2015 of 252 million contracts, down 2 per cent from April 2014, with 87 per cent traded electronically.
April 2015 volume averaged 11.5 million contracts per day, down 6 per cent from April 2014. Options volume in April averaged 2.3 million contracts per day, down 1 per cent versus April 2014, with electronic options growing 6 per cent over the same period. Of the total options volume, 52 per cent was traded electronically in April.
CME Group interest rate volume averaged 5.1 million contracts per day in April 2015,
VOLEX Execution Services has announced VOLEX Liquidity Auctions for traders seeking liquidity beyond the current quotes represented by the US listed option markets.
The VOLEX Liquidity Auction uses exchange-sponsored auction sessions to attract liquidity that is not displayed.
Many option exchanges offer intraday auction sessions. However, the institutional market does not have the execution services or the tools required to tap this source of liquidity.
“Most smart order routers do not accommodate auction sessions for institutional clients,” explains Vishal K Gupta (pictured), Head of VOLEX Execution Services. “As spreads continue to widen, traders must adopt more advanced execution services
