Funds
Hedgebay, the secondary market platform, has confirmed the highest premium transaction on its platform since 2005.
The transaction, which was completed last month via its UK regulated authorised agent, potentially signals the return of investor confidence in managers as well as a reaffirmation of the secondary market as a viable means to efficiently rebalance portfolio positions.
Prior to the financial crisis unfolding in 2008, the secondary market’s central function was to allow investors to rebalance their portfolio of high performing and/or long lock-up funds. The vast majority of these transactions were executed at prices that were very close to
The main event of the week has been the decision of the Swiss National Bank to scrap the cap on the CHF on 15 January. The SNB unexpectedly decided to stop accumulating assets in EUR, a currency that is likely to be debased at the next ECB meeting on January 22. Fundamentally, the SNB could not continue to intervene forever. Since the cap was implemented in September 2011, the balance sheet of the SNB rose by more than 40%, i.e. a massive injection of liquidity (the Fed’s QE3 increased the balance sheet of the Fed by 60% between September 2012 and October 2014).
Japan Exchange Group (JPX) and Nasdaq have officially agreed on the development and support of a next-generation derivatives trading system for the JPX subsidiary, Osaka Exchange.
In addition to the trading system, which will operate on Genium INET technology, Osaka will also tap industry-leading SMARTS Market Surveillance for its real-time market surveillance efforts, and TradeGuard for pre-trade risk management functionality, both Nasdaq technologies.
"We are proud and honored to have achieved this important milestone together with JPX and Osaka Exchange," says Lars Ottersgård, Executive Vice President, Market Technology, Nasdaq. "As we have successfully provided services to Osaka since 2011, this
ProTrak International has released Version 10.0 of its industry-leading Advantage CRM product line.
New York, NY; January 16, 2015 – In keeping with its dedication to the traditional and alternative investment segments,
ProTrak International has launched Version 10.0 of its Advantage CRM product line that includes on-premises, browser-based, and mobile licenses.
This release incorporates a number of time-saving enhancements indicative of an active, global user community that continually adds to Advantage’s industry-focused, out-of-the-box functionality.
Key features include:
· The introduction of a fresh, new user interface
· The addition of an iPhone application to the iPad
Trian Fund Management has formed Trian Advisory Partners and named three former CEOs with deep corporate leadership and operational experience as its founding members.
Trian Advisory Partners will provide support to Trian by identifying potential investment opportunities, assisting with due diligence, formulating strategic and operating initiatives for the companies in which Trian invests, and engaging with public company management teams, Boards of Directors, shareholders, and external advisors. Trian Advisory Partners may also join the Boards of Directors of companies in which Trian invests.
The initial Trian Advisory Partners* are:
• William R Johnson – Former Chairman and CEO of HJ
Gold trading volumes on the Dubai Gold and Commodities Exchange (DGCX) reached 41,945 contracts in December, registering a significant growth of 14% year-on-year.
In December 2014, DGCX volumes witnessed a growth of 25% from the same period last year, recording total monthly volume of 962,438 contracts valued at USD27.84 billion. The Exchange’s average daily volume (ADV) grew 19% year-on-year reaching 45,830 contracts in December 2014.
The currency segments led the year-on-year growth trading 897,116 contracts, an increase of 25% from December 2013. Indian Rupee Futures, which recorded the 3rd highest Average Daily Open Interest during the month of December,
Citi’s depositary bank business is enabling European-registered alternative investment funds (AIF) and UCITS funds to trade A-shares through the Shanghai-Hong Kong Stock Connect scheme.
Since the launch of Stock Connect in November last year, Citi has worked very closely with key regulators, exchanges, leading law firms and industry associations in Hong Kong and across EMEA to clarify and strengthen the legal and regulatory structure of Stock Connect for the required due diligence to allow AIF and UCITS funds to invest A-shares through Stock Connect. In addition, Citi was first to develop the Model C solution which is uniquely designed to
Alpari has filed for insolvency after the majority of the retail currency broker’s clients sustained losses brought about by the Swiss National Bank’s (SNB) decision to scrap the Swiss franc’s currency cap against the euro.
The value of the Swiss franc has been capped at 1.20 per euro for the past three years, but the SNB’s decision to abandon the policy on Thursday saw the franc, at one point, soar by over 40 per cent against the euro.
“The recent move on the Swiss franc caused by the Swiss National Bank’s unexpected policy reversal of capping the Swiss franc against
Fiserv has partnered with HedgeACT, based in Chicago, to deliver access to an array of hedge funds to asset managers and investors within their managed account portfolios.
The HedgeACT portal will be seamlessly integrated with the Unified Wealth Platform from Fiserv to enable sleeve-level functionality for hedge fund research, modelling, investing and reporting.
“Investors have driven triple-digit asset growth in managed accounts over the past five years, according to the Money Management Institute. This swell of new assets has increased the need for further diversification in managed account portfolios,” says Cheryl Nash, president, Investment Services, Fiserv. “Hedge funds are in
In this report, we discuss the results of a survey of more than 80 hedge fund managers (total AuM above USD 1,000bn) conducted at end-December 2014. Managers were asked to express their views for 2015 on global monetary policy, equities, fixed income, credit and FX. They were also asked to provide their views on the hedge fund industry.
