Funds
In the last full trading week of the year, the closing of the books was crudely interrupted by a crossover from chaos in the energy markets, accompanied by a total collapse in the Russian Rouble, says Tim Edwards, Index Investment Strategy, S&P Dow Jones Indices…
The VIX closed on 17 December at 19.4, helped on its way down (from Tuesday’s high of 24) by the measured and patient comments issued yesterday by the US Federal Reserve.
All of our global equity volatility measures are up, but their increases pale in comparison to their equivalents in the oil markets. At
There will winners and losers in 2015 as the wealth and asset management tackles regulatory change and a number of other challenges, says Ernst & Young (EY).
According to the firm’s outlook for next year, regulatory-driven change will see remuneration bite the hedge fund industry, while asset managers will need to learn to deal with unfixed product profiles as annuities change the model.
In addition, EY believes that 2015 will see a new wave of technology spend on the front office as asset managers compete to chase growth.
Gill Lofts, UK Head of Wealth and Asset Management at EY says:
The SS&C GlobeOp Forward Redemption Indicator for December 2014 measured 5.87%, up from 5.05% in November.
“In line with other year-end averages, December forward redemptions represented a 12 month-high, with the bulk of activity falling in the under 1 month category,” 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
By Chris Humphries, Managing Director, Stuarts Walker Hersant, Attorneys-at-Law – The Cayman Islands continues to be the leading offshore jurisdiction for mutual funds and hedge funds. Its position as the premier jurisdiction is as a result of innovative legislation and the absence of taxation together with the presence of sophisticated and professional service providers and a favourable regulatory environment.
The Cayman Islands offers:
• A straightforward fund registration procedure.
• A flexible investment fund regime within a clear and effective regulatory environment.
• Experienced legal, administrative and accounting service providers.
• No requirement to have Cayman Islands based directors or
In 2011, ahead of the introduction of the AIFMD in Europe, an article entitled “A foot in both camps”, was written by Derek Delaney, Managing Director of DMS Offshore Investment Services (Europe) Limited. In it, Delaney (pictured) wrote: “There is an enduring perception that the established European domiciles such as Ireland and Luxembourg are in direct competition with the leading offshore domiciles such as Cayman. This perception has transcended reality to the extent that leading participants in both camps deem it necessary to fight their corner.”
With over 225 staff, DMS is the world’s largest provider of fund governance services
Gemini Alternative Funds has launched the Galaxy Plus Fund, a Delaware series limited liability company offering qualified investors access to a select group of commodity trading advisors.
The new platform reflects the continuing growth of Gemini Alt's comprehensive line of investment vehicles designed to meet the evolving needs of advisors and high-net-worth clients.
The Galaxy Plus Fund enables qualified investors to access multiple underlying trading advisors, through a centralized platform that offers a fixed fee structure, frequent liquidity, enhanced transparency, leverage and financing options and risk management. Investors in the Galaxy Plus Fund also benefit from Gemini Alt's operational
The European Energy Exchange (EEX), in cooperation with Cleartrade Exchange (CLTX), is to launch an extension to its Trade Registration services for fertiliser contracts on 6 January 2015.
The product offering includes six derivatives contracts for fertilisers based on Urea, Diammonium Phospate (DAP) and Urea Ammonium Nitrate (UAN) for different delivery points in the United States, Europe and North Africa. All products are cash-settled agreements settled against market indexes, published by Argus Media Limited, Fertecon Limited and CRU International Limited in “The Fertilizer Index*” report. Due to the small contract sizes of 25 tons compared to the standard size of
On 16 December, Euronext’s commodities franchise achieved a record daily volume in milling wheat futures for the second time this month, with 92,531 contracts traded.
Milling wheat futures volume represented over 4.6 million tons on 16 December 2014. The previous record was set on 2 December 2014 with 88,194 contracts or 4.4 million tons traded.
This confirms that Euronext’s milling wheat futures contract has become continental Europe’s most liquid cleared benchmark for agricultural commodities, with current open interest standing at 276,628 contracts or 13.8 million tons.
Olivier Raevel, Head of Commodities at Euronext, says: “We are delighted to see
BMO Global Asset Management has launched the BMO Alternative Strategies Fund, which seeks to provide investors with an additional source of portfolio diversification and return over varying market environments.
This addition to the BMO Fund lineup reflects the firm's commitment to improving investors' investment outcomes. The addition expands the fund roster of the firm to 48.
"With market conditions that can easily fluctuate, investors should pay closer attention to the sources of risk when choosing investment products," says Craig Rawlins, Chief Investment Officer for BMO Global Asset Management. "The range of strategies employed within the BMO Alternative Strategies Fund
Investors renewed their interest in the hedge fund industry in November after two-months of outflows, adding USD5.4 billion to a variety of fund types this past month.
That’s according to the latest Hedge Fund Asset Flows Report from eVestment, which reveals that, with performance gains added in, hedge fund industry AUM was up to USD3.070 trillion in November.
Despite recent performance putting managed futures strategies among the industry’s best performers in 2014, investors have been slow to shift allocation decisions in managed futures strategies’ favour. Both macro and managed futures funds faced redemptions in November of USD4.10 billion and
