Funds
The SS&C GlobeOp Forward Redemption Indicator for March 2015 measured 3.91%, an increase from February’s figure of 3.64%.
“March redemption requests are in line with prior-year levels and represent quarter-end activity, plus slightly higher redemptions planned for the long-term,” says Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies.
The SS&C GlobeOp Forward Redemption Indicator represents the sum of forward redemption notices received from investors in hedge funds administered by SS&C GlobeOp on the SS&C GlobeOp platform, divided by the AuA at the beginning of the month for SS&C GlobeOp fund administration clients on the SS&C GlobeOp platform. Forward redemptions
ECN broker Tickmill has added contracts for difference (CFDs) – a derivative product that gives opportunity to make money from both falling and rising markets – to its diverse product line.
CFDs have no expiry date allowing traders to hold their positions for as long as they wish.
Sudhanshu Agarwal, CEO of Tickmill says: “This is a very important step forward for Tickmill as CFDs are popular and widely traded instruments. The availability of eight major CFDs covering key stock indices for Germany, Japan, Europe, the United Kingdom, the USA, as well as WTI Crude Oil, will cement the Tickmill’s
The hedge fund industry produced an aggregate return of positive 1.93% in February, the industry’s best monthly performance since February of last year, according to eVestment’s latest Hedge Fund Performance report.
The primary driver of hedge fund returns in February were rising equity markets, highlighted by the S&P 500’s best month in more than three years.
Every major hedge fund strategy posted positive returns for the month of February, with activist funds leading the industry and managed futures lagging, but still positive. February’s returns erased any remnants of January’s losses from primary strategies.
Aggregate managed futures funds’ performance was
Borsa İstanbul is to acquire the London Metal Exchange’s (LME) stake in clearing house LCH.Clearnet. In addition and Borsa İstanbul is to partner with the LME and the LME’s parent company Hong Kong Exchanges and Clearing (HKEx), on the dissemination of market data.
“As the world centre for industrial metals trading, the LME is committed to identifying new ways to expand internationally and to working with strategic partners to better serve our markets. We are delighted to announce this partnership with Borsa İstanbul, and the HKEx Group looks forward to working with them on future initiatives, not only in data
TMF Group has agreed with the management team of its fund services division, TMF Custom House, the creation of an independent, stand-alone Custom House Fund Services.
The heads of terms was signed at the end of 2014 with Mark Hedderman (CEO of Custom House, prior to its purchase by TMF Group) and James Osborne (a long-time Director of Custom House) to purchase TMF Group’s Fund Services business. The transaction will now be submitted for regulatory approval.
The deal perimeter includes all of TMF Group’s fund services operations in eight global locations – Australia, Singapore, Hong Kong, Bulgaria, Malta, Netherlands,
ICE Futures US has reported record daily volume in the mini MSCI futures complex as well as futures based on MSCI’s benchmark for international equity performance, the mini MSCI EAFE index, which tracks equities in developed markets in Europe and Asia.
Total volume in mini MSCI products traded on ICE Futures US was 395,175 contracts on 16 March, 2015. The previous record of 364,483 contracts was set on 16 December, 2014. Volume in mini MSCI EAFE index futures was 150,140. The previous record of 139,164 was set on 12 September, 2014.
ICE hosts a broad range of MSCI contracts including
Ledgex Systems has launched a stand-alone Client Relationship Management (CRM) solution tailored specifically for hedge funds, endowments and foundations, fund of funds, pensions and family office organisations.
Ledgex CRM is ideal for managing and tracking investor communications, sales opportunities, client relationships and capital movements. Sophisticated Client Relationship Management capabilities are necessary to increase and retain more assets, maintain and grow clients, provide exceptional client service and meet heightened reporting requirements. Out of the box, the solution delivers efficiencies, transparency and flexibility without increasing headcount or costs.
Ledgex CRM is a web-based solution that streamlines investor relationship management and capital
Hedge fund managers have got off to a strong start in 2015. Following a year which saw the average hedge fund deliver returns of 3.78%, managers have already returned 2.52% on average two months into the year.
Given that performance was named as the key concern in the industry in 2015 by investors in a Preqin survey at the end of 2014, managers will have been keen to deliver strong performance early in the year. The challenge, and opportunity, still remains for hedge funds to continue this performance, particularly amidst strong equity markets and turbulent commodity markets.
According to Preqin,
One Oak Capital Management has launched a new hedge fund, the Alpha Opportunities Fund, which employs a highly disciplined relative value long-short credit strategy and seeks to exploit short-term trading opportunities in the investment grade corporate bond market.
Steve Ditursi, One Oak’s Chief Executive Officer, says: “We are excited about the fund launching and view it as a critical step in building our firm.” The product is designed for institutional investors, high net worth individuals and family offices seeking strategies with investment grade quality assets, higher liquidity and the mitigation of interest rate risk.
“Given the size and scope
LMAX Exchange has launched LMAX Prime, a prime of prime service to provide retail brokers, hedge funds and asset managers with credit intermediation and bespoke liquidity arrangements with access to multiple venues.
LMAX Exchange will leverage its prime broker relationships, whilst also giving clients access to trading on ‘no last look’ liquidity from LMAX Exchange as well as on other execution venues.
Gareth Bowles, Head of LMAX Prime Sales, says: “There has never been more demand for the flexibility and cost advantages of prime of prime services than in the current environment. As major prime broker banks are either
