Funds
Hedge fund capital invested in emerging markets fell at the end of 2014 from the record level established in Q3 on a combination of performance losses and investor outflows concentrated in funds with exposure to Russia.
The HFRI EM: Russia/Eastern Europe Index declined -18.6 per cent in 4Q14 bringing the 2014 full year loss to -26.5 percent, making 2014 the third worst calendar year decline for the Index. Hedge fund capital invested in Emerging Markets declined by USD1.4 billion in the fourth quarter to conclude 2014 at USD183.8 billion, according to the latest HFR Emerging Markets Hedge Fund Industry Report.
The February 2015 average daily transaction value on the Euronext cash order book stood at EUR8,247 million (+24% compared to February 2014).
The average daily volumes on equity index derivatives were down at 225,995 contracts (-15% compared with February 2014), and the average daily volumes on individual equity derivatives were down at 264,767 contracts (-8% compared to February 2014).
Activity on commodity derivatives remained strong in February with an average daily volume of 52,474 contracts traded, up 18% when compared to February 2014.
Euronext had nine new listings in February that altogether raised more than EUR2 billion. In addition EUR1,211
Multi-strategy hedge fund manager Deimos Asset Management has launched a new hedge fund management business with a strategic investment from Ares Management.
Deimos was formed through a management buyout of Guggenheim Global Trading, LLC, the former multi-manager, multi-strategy hedge fund platform of Guggenheim Partners. Ontario Teachers’ Pension Plan (Teachers) is an anchor investor in Deimos’ multi-strategy product through a managed account platform.
Deimos is led by Patrick Hughes and Loren Katzovitz, former co-heads of Guggenheim Global Trading, and Mark Standish, a former Group Executive of Royal Bank of Canada and Co-CEO of RBC Capital Markets, as Managing Partners. Deimos is
The German financial regulator (BaFin) has recently adopted a reciprocal private placement policy whereby German funds not within scope of AIFMD are allowed to be privately placed into other EU member states, with corresponding funds from EU member states allowed to be privately placed into Germany on an expedited basis.
Hassans has taken a leading role in the drafting of a new private placement regime for Gibraltar, in part to satisfy BaFin’s requirements to gain reciprocal rights, and has acted for the first Gibraltar fund to gain approval from BaFin to privately place into Germany on a reciprocal rights basis.
RCM Alternatives is to join forces with Attain Capital Management, acquiring its fund offerings, education, research and database assets while bringing its principals and employees under the RCM umbrella.
The transaction is expected to close in the first week of March.
Both Chicago-based companies specialise in pairing high net-worth individuals, investment advisors, and institutional investors with commodity-focused managed futures investments through separately managed accounts and private funds. The combination of these leading companies in the managed futures space underscores the growing demand for access to alternative investments that can work as a hedge against market volatility and provide diversification through
A new hedge fund, first and foremost, needs to raise investment. There are a many factors which differentiate a successful investment round from an unsuccessful one, not least the experience of the fund managers, and whether the proposed strategy is convincing. All funds however need to demonstrate best practice around their risk.
Collins Capital has launched the Collins Long/Short Credit Fund (CCLIX/CLCAX), a mutual fund offering a true long/short credit strategy that dynamically adjusts exposure throughout the credit cycle.
"Traditional bond portfolios may be the most dangerous part of investors' portfolios today and there are few established alternative credit strategies available to mitigate that risk," says Dorothy Weaver, Co-Founder, Chief Executive Officer and Chief Investment Officer of Collins Capital. "We are six years into the credit recovery, yields are compressed, froth is building and the 'beta trade' is over. We believe the environment for a long/short approach to credit is ripe
February average daily volume in VIX futures on the CBOE Futures Exchange was 166,547 contracts, a decrease of 23 per cent from February 2014 and a decrease of 27 per cent from January 2015.
Total volume in VIX futures for February was 3.2 million contracts, down 23 percent from a year ago and down 31 percent from the previous month.
February exchange-wide ADV was 166,660 contracts, a 23-per cent decrease from February 2014 and a 27-per cent decrease from January 2015. Exchange-wide total volume during the month was 3.2 million contracts, a 23-percent decrease from a year ago
Average daily volume (ADV) during February for options contracts on Chicago Board Options Exchange (CBOE) and C2 Options Exchange (C2) and futures contracts on CBOE Futures Exchange (CFE) was 4.7 million contracts, a decrease of 22 per cent from February 2014 and a decline of 13 per cent from January 2015.
Total options and futures volume at CBOE Holdings during February was 88.5 million contracts, a decrease of 22 percent from a year ago and down 17 per cent from January 2015.
CBOE's ADV during the month was 4.2 million contracts, down 23 per cent from February 2014 and a
Apex Fund Services has acquired Pinnacle Fund Administration. Headquartered in Charlotte, North Carolina, Pinnacle operates additional offices in New York and Vancouver.
Fund managers in the US and Canada are seeking to partner with stable providers that can provide a variety of services and outsourcing solutions. Pinnacle’s existing clients will benefit immediately from the acquisition by being able to access Apex’s full range of fund administration services, as well as expand their market reach available through the Apex Global Network of 34 offices worldwide.
Apex will rapidly introduce to the US and Canadian fund services sectors, particularly to middle market
