Funds
Aggregate hedge fund performance was -0.03% in January, outperforming the S&P 500 by 297 basis points, according to eVestment’s latest hedge fund performance report.
That was the highest level of outperformance since January 2014 and second most since the second flare of the European sovereign crisis in May 2012.
Managed futures funds gained an additional 3.04% in January and have returned 9.07% in the last six months. The magnitude of recent monthly returns is reminiscent of periods prior to global market volatility. Specifically, the rolling six month returns for the universe last accelerated to current levels in Q1 2011, just
European leveraged loan and high yield bond markets experienced a landmark year in 2014, according to a new report by White & Case, Debtwire Analytics and Xtract Research.
Coming of age: The changing face of international leveraged debt, reveals that leveraged loan allocations and high yield bond issuance were at record highs, with total values reaching EUR97 billion and EUR116 billion respectively for the whole year.
Furthermore, the convergence between US and European loan and high yield bond terms became one of the biggest stories in the debt markets in 2014. A significant shift towards more flexible, borrower-friendly terms was
Euro prime money market fund (MMF) balances grew by 33.6% in 2014 to EUR82 billion, according to Moody’s Investors Service’s newest quarterly money market fund reports.
"This increase in assets is directly attributable to the European Central Bank's rate cut that led investors to reallocate their cash to prime funds from government-only funds and bank deposits, in order to avoid negative yields," says Vanessa Robert, a Moody's Vice President.
However, the credit profiles of euro prime funds deteriorated as investments in Aa3 or higher-rated securities decreased to 60% of portfolios in Q4 from 66% in Q3, owing largely to reduced
As at 31 January 2015, 46 Guernsey Alternative Investment Fund Managers (AIFMs) have used the isand’s National Private Placement (NPP) regime to market Alternative Investment Funds (AIFs) into Europe.
The figures, which solely reflect marketing into Europe by Guernsey AIFMs and do not include European Economic Area (EEA) AIFMs, reveal that the 46 managers promote investment funds into one or more EEA Member States. These cover 15 of the 27 jurisdictions with whom Guernsey signed bilateral cooperation agreements in July 2013 ahead of the Alternative Investment Fund Managers Directive (AIFMD) coming into force. The UK remains a key market for
tru Independence has launched an elite investment platform offering both traditional and alternative investment solutions for independent registered investment advisers.
"It's all about our advisor teams and their clients receiving access to best-in-class institutional managers across the entire spectrum of asset classes," says Craig Stuvland, President and Chief Executive Officer of tru Independence. "These portfolios are typically only available to the most sophisticated investors, including ultra-high-net-worth families, foundations, endowments and pension plans."
tru is committed to building out their investment platform by offering sophisticated, flexible and customizable solutions including tru's Separately Managed Account (truSMA), Unified Managed Account (truUMA) and Alternative
London-based Catalyst Development has issued an advisory briefing for hedge funds explaining how they can save millions of dollars each year through a brand new approach to trade compression.
Catalyst believes action is urgently required if funds are to withstand major increases in clearing broker fees as the European Clearing Mandate comes into force in early 2016. Catalyst’s approach is outlined in the attached white paper 'OTC IRS Portfolio Optimisation: how trade compression could save you $millions before the 2016 European Clearing Mandate strikes”.
Catalyst’s extensive experience working with futures commission merchants and clearing brokers has led them to
ERI Scientific Beat has published the monthly performance report for January 2015 for the ERI Scientific smart beta indices.
The best performing of the smart factor indices for the month are the SciBeta Developed Low Volatility Diversified Multi-Strategy index and the SciBeta Developed High Momentum Diversified Multi-Strategy index, both with a relative return of 1.66% compared to broad cap-weighted indices, while the SciBeta Developed High Volatility Diversified Multi-Strategy index posts the lowest relative return (0.08%).
Performance for smart factor indices exposed to risk factors known to be well rewarded over long periods remains strong with annual performance in excess of
The derivatives industry faces challenges in the proposed introduction of margin requirements for non-cleared OTC derivatives transactions.
Women in Derivatives (WIND), a nonprofit organisation that provides channels for educating women through forums, brought together thought-leaders and experts in the derivatives industry who focused upon the impending margin requirements. At the first WIND educational event in London, the panel discussion focused on the challenges market participants may face as a result of implementing the BCBS-IOSCO proposal in relation to margin.
During "Changing Tides: The Evolution of Liquidity Pools in Today's Global Markets", panelists highlighted a range of issues including the anticipation
The gross return of the SS&C GlobeOp Hedge Fund Performance Index for January 2015 measured 1.18%, while fund flows as measured by the SS&C GlobeOp Capital Movement Index advanced 0.63% in February.
“Net flows were positive for the month of February, with capital activity in line with historical averages,” says Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies.
The SS&C GlobeOp Hedge Fund Performance Index is an asset-weighted, independent monthly window on hedge fund performance. On the ninth business day of each month it provides a flash estimate of the gross aggregate performance of funds for which SS&C
Maples Fund Services has completed Alternative Investment Fund Manager Directive (AIFMD) Annex IV reports for December 2014 for seven EU jurisdictions, utilising its regulatory reporting platform.
AIFMD requires European and certain non-European alternative investment fund managers (AIFMs) as well as non-EU alternative investment funds ("AIFs") marketing through national private placement regimes to submit highly detailed Annex IV reports to regulators as part of the industry’s on-going efforts to monitor systematic risk.
"We are pleased that our clients have entrusted us to assist with the diverse and complex challenges that AIFMD presents, and are proud that Maples Fund Services’ combination of
