Funds
Gibraltar Financial Services Commission (FSC Gibraltar) and The Swiss Financial Markets Supervisory Authority (FINMA) have just reached a Memorandum of Understanding (MoU) to assist managers of alternative investment funds (AIFs).
The MoU covers mutual assistance in the supervision and oversight of AIF managers, their delegates and depositaries that operate on a cross-border basis in the two jurisdictions.
This development comes in light of the increasing globalisation of the world‘s financial markets and the upsurge in cross-border operations and activities of Managers of alternative investment funds.
Through this MoU, the authorities are expressing their willingness to cooperate in the interest of
361 Capital, a liquid alternative investments firm focused on providing institutional quality mutual funds, has launched the 361 Global Long/Short Equity Fund, sub-advised by Los Angeles-based Analytic Investors.
The Fund uses the same investment strategy as the Analytic Global Long/Short Equity Composite, which commenced December 2009. The Fund also launched with an existing 11-month track record following the reorganisation of the Analytic Global Long/Short Equity Fund, LP, a limited partnership that has been operating since January 2014.
“Long/short equity is the largest category in Morningstar’s classification of alternative mutual funds, but there is currently a shortage of quality funds
Duff & Phelps Corporation is to establish a dedicated financial regulatory and compliance consulting practice through the acquisition of Kinetic Partners. The new practice will be headed up by Kinetic Partners CEO Julian Korek.
In addition to the new Financial Regulatory and Compliance Practice, clients will benefit from enhanced corporate recovery, forensic, valuation, corporate finance and tax expertise across both firms. Kinetic Partners will expand Duff & Phelps’ footprint in New York, London, Dublin and Hong Kong, and introduce new offices in Luxembourg, the Channel Islands, the Cayman Islands and Singapore. The transaction is expected to close in early 2015,
Eze Software Group has integrated its execution management system (EMS) with its order management system (OMS), combining critical trading and compliance workflows across its front-to-back product suite.
With this latest development, users can benefit from the advanced trading tools available in RealTick EMS while also taking advantage of important Eze OMS features such as fully integrated compliance, position checking, and automated allocations.
With the introduction of advanced compliance features into RealTick MS, pre-trade compliance checks now run seamlessly in the EMS at trade entry and throughout the trading life cycle. This provides clients with a more holistic pre-, intra-,
Euronext has launched a range of Single Stock Dividend Futures on the most liquid stocks listed on its Amsterdam, Brussels, Lisbon and Paris markets.
The new dividend futures contracts will be available for trading in Q1 2015, starting with CAC 40 Index components. Euronext’s Single Stock Dividend Futures will offer investors additional dividend trading potential and will enable them to benefit from efficient pricing. The new products complement Euronext’s already existing dividend index offering made of the CAC 40 and AEX Dividend Index Futures.
Dividends are a key component for equity and equity derivatives holders and dividend futures are
A new report from the TABB Group shows that prime brokerage, long thought to be the most opaque of markets, is in the midst of a large-scale change.
The report, “Equity Prime Brokerage: Exploring Uncharted Territory,” is the result of several months of conversations with prime services providers and independent financial analytics firms, including data from S3 Partners.
The document finds that Basel III is changing the way the buy side looks at the treatment of financing and collateral. The report says that collateral and financing must be analysed and structured to the same level as trading costs.
In the
Following the strong win by Prime Minister Shinzo Abe in the Japanese General Election, John Vail (pictured), Chief Global Strategist, Nikko Asset Management, sees further boosts for Japan from corporate profits moving through to wage rises…
In our view, the LDP coalition's maintenance of a strong two-thirds majority in this election will greatly help Prime Minister Abe and his party's reform efforts, while likely bolstering Yen weakness to some degree. This is a common view, but one item that is not often discussed is that not only will this victory help push forward economic reform momentum in government ministries (and the
The Credit Suisse Hedge Fund Index (the Broad Index) finished up 1.50% for the month in November, with nine of the ten sub-strategies ending the month in positive territory.
Managed futures led the way with an impressive 7.5% return, way ahead of the next best performers Long/Short Equity (1.89%), Emerging Markets (1.71%), Global Macro (1.65%) and Multi-Strategy (1.22%).
The other sub strategies to record positive performance over the month are Dedicated Short Bias (0.64%), Equity Market Neutral (0.57%), Event Driven (0.55%) and Fixed Income Arbitrage (0.21%).
Convertible Arbitrage was the only negative performer during the month with a return of -0.10%.
Credit and alternatives investment manager Palmer Square Capital Management has launched its sixth mutual fund, the Palmer Square Long/Short Credit Fund (PCHIX, PCHAX).
Christopher D Long, president of Palmer Square Capital Management, sayss “We believe this is an ideal environment for long/short credit and are very pleased to now be able to offer our long/short credit strategy as a single-strategy mutual fund. We believe that the Fund offers investors a unique alternative to traditional fixed income investments, as our team seeks absolute returns on both the long and short side while aiming to minimizing volatility and exposure to interest rate
Hedge fund strategies were hurt last week by their long exposures on US risk assets, especially credit positions, according to Lyxor Asset Management.
High yield has been negatively impacted by the deterioration in risk sentiment and by oil prices, in part related to the weighting of energy debt in the U.S. market. While they proved to be resilient since the start of the year, L/S Credit and CB Arbitrage funds were hurt by the widening in spreads. Event-driven funds were also hurt on their long credit exposure, with distressed funds underperforming the space. Greece had a very limited impact, as
