Funds
The Board of Directors of Canadian Derivatives Clearing Corporation (CDCC) has approved the membership application of BBS Securities Inc. BBS will participate on CDCC under broker ID #028.
"Our new CDCC membership marks another achievement to the professional status of BBS Securities Inc. This will open new business opportunities by allowing us to improve and expand our full-range brokerage services in the Canadian market. Our services comprise of deep understanding of the online trading business and our clients' needs. We provide cost efficient services and an outstanding trade experience to our clients. We can accomplish this because we have developed
Halcyon Liquid Strategies UCITS Management and Guggenheim Partners (Guggenheim) have launched the GFS Halcyon Liquid Opportunities Fund, an opportunistic catalyst-driven UCITS fund domiciled in Ireland.
Launched on the Guggenheim Fund Solutions platform, the Fund will utilise Halcyon’s investment expertise to identify public equities where there may be structural market inefficiencies or opportunities for asymmetric returns, and will employ strategies including long/short, relative value, liquid credit, and other strategies.
The Fund will offer weekly liquidity and will launch with more than USD40 million in capital. It will leverage the existing idea generation and investment expertise across Halcyon, an alternative investment firm
The financial and industrials sectors saw the largest amount of hedge fund buying activity in Q4 2014, with Industrials always being a net buy throughout the calendar year.
That’s according to S&P Capital IQ's latest Quarterly Hedge Fund Tracker, a review of 3F filings by pure play hedge funds during the fourth quarter of 2014, and the only aggregate analysis of hedge fund stock ownership of its kind to spotlight hedge fund trend-investments in specific stocks and sectors.
“Our 2014 full year results offer some groundbreaking perspective on the trends hedge fund managers see unfolding in financials, industrials,
The SS&C GlobeOp Forward Redemption Indicator for February 2015 measured 3.64%, up from 2.49% in January.
“Redemption requests increased for the month of February, but remain consistent with historical averages,” 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 as a percentage of SS&C GlobeOp's assets under administration
Whilst the Federal Reserve kept an overall dovish tone in its latest minutes released on Wednesday, Fed officials have started discussing the timing of a rate hike due to renewed confidence in the US economic recovery. At this stage, an initial hike of Fed rates in June seems optimistic, but strong employment gains are clearly putting some pressure on the Fed to act soon.
Quantmetrics Capital Management is to join Lyxor Asset Management’s AIFM managed account platform enabling Lyxor to launch its first AIFMD-compliant strategy on the platform.
Quantmetrics’ investment strategy will be a short-term CTA program invested in all asset classes that seeks to combine behavioural insights with quantitative analysis to capture alpha. It aims to exploit small and temporary price discrepancies in financial markets in the US, Europe and Asia by pursuing a short-term systematic trading of futures and spot FX positions.
Based in London, Quantmetrics was founded in 2003 by Dr Mushtaq Shah and James Fowler who have worked together
Fifth Street Asset Management has closed the Fifth Street Senior Loan Fund I (FS SLF I), a USD309.5 million collateralised loan obligation (CLO).
FS SLF I represents FSAM's initial CLO under management and its pricing was the first for a debut manager in 2015.
FS SLF I is primarily invested in middle market senior secured loans sourced and originated through the Fifth Street platform. The vehicle has a four-year reinvestment period. FSAM sold securities rated from Aaa through Ba3 and retained some of the equity interests and Class F notes. Wells Fargo Securities, LLC served as the Placement Agent.
BGC Partners and GFI Group have entered into a tender offer support agreement in which GFI's board of directors unanimously agreed to support BGC's tender offer for all of the outstanding shares of GFI common stock at USD6.10 per share in cash.
As part of the agreement, BGC shall designate six out of eight directors of the expanded GFI Board. Pursuant to this agreement, BGC has extended the deadline to February 26, 2015, in order to give all stockholders the opportunity to tender in this final extension. BGC exceeded its 45% requirement with nearly 48% of shares tendered, and because
Skënderbeg Funds AGmvK has expanded its range of funds with the launch of four traditional single-manager funds in partnership with Your Wealth AG.
The four sub-funds were launched on 12 January 2015. With this expansion, total AuM of Skënderbeg Funds AGmvK will increase to over USD 80 million. The launch of the new sub-funds follows the success of the multiple award-winning fund of hedge funds, Skënderbeg Fund, which was launched in 2014.
The new sub-funds are:
Skënderbeg Funds AGmvK – European Bond Portfolio
Skënderbeg Funds AGmvK – Global Bond Portfolio
Skënderbeg Funds AGmvK – Strategic Equity Portfolio
Skënderbeg Funds AGmvK
It's crunch time for Greece and the Greek people, says Can Elbi, portfolio manager of the JB Europe Focus Fund at Swiss & Global Asset Management…
It is crunch time for Greece and the Greek people. We have entered the critical last 10 days until the current second bail-out, reform program expires. As we stand today, Greece has until 20 February to request an extension to the existing bailout programme, so that there would still be enough time to pass this through the German, Dutch and Finnish parliaments by 28 February. Without an extension of the program, Greece will certainly
