Funds
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
Hedge Connection, a platform for connecting alternative investment managers and accredited investors, has launched The Capital Club, a virtual introduction system.
The Capital Club allows fund managers to request introductions to allocators based on matching investment profiles. The manager is only charged when an introduction request is accepted and a phone call is scheduled between the two parties.
“The Capital Club is a game changer that dramatically improves the asset raising process within a legally compliant environment,” says Hedge Connection CEO Lisa Vioni. “The big differentiator of the Capital Club is that the introduction results in a conference call
Euronext (ENX) has completed its project with Hong Kong Exchanges and Clearing Limited (HKEx) on the Orion Market Data Platform (OMD) with OMD’s extension to support the derivatives market at HKEx.
The previous launches supported HKEx’s securities market (OMD introduction in September 2013) and the establishment of HKEx’s Mainland Market Data Hub in Shanghai in March 2014.
By adopting Exchange Data Publisher (XDP), the ultra-low latency solution developed by Euronext, OMD provides low-latency market data and allows HKEx to disseminate a range of datafeed products with different content and other features to meet the varying needs of information vendors, Exchange
Thunderhead.com and Markit have formed a partnership to establish an online service for creating and negotiating Master Confirmation Agreements (MCAs) at scale.
Markit will integrate Thunderhead.com’s ONE for Capital Markets software as a service (SaaS) solution that automates the production, editing and execution of MCAs and other capital markets documentation, with Counterparty Manager, Markit’s secure document management platform used by approximately 80 banks, 900 buy-side firms and 6,000 corporations for trading, account onboarding, reference-data management, regulatory compliance and other reporting.
A recent pilot programme with 11 of the largest global derivative trading firms from the buy and sell-side demonstrated compelling
Hedge fund launches slow as assets, global equities reach record levels, says HFR
New hedge fund launches slowed to conclude the volatile third quarter as total hedge fund industry capital posted a narrow gain to rise to a new record of USD2.82 trillion.
New launches fell to 240 in 3Q14, the lowest quarter since one year ago in Q3 2013, as reported in the latest HFR Market Microstructure Industry Repor. Year to date, 814 new funds have launched while new launches in the trailing four quarters totalled 1,058, in line with the full-year total for 2013 (1,060), which was the
Financial service advisory firm Kinetic Partners has expanded its global offering by opening two new offices, one in Chicago and one in Singapore.
Kinetic Partners’ Chicago office, led by Associate Director Kathryn Lattner, will have a team focused on Forensic & Dispute Advisory and Corporate Recovery services. The new office is based in the River North neighbourhood of Chicago, next to the city’s prominent global financial district.
Kinetic Partners’ office in Singapore, located in Raffles Place and headed up by Associate Director Eddie Lim, will provide clients with tailored regulatory compliance advisory and consulting as well as a range of
CBOE Holdings has entered into a licensing agreement with MSCI to offer US options trading on several MSCI indexes, which will be solely listed for trading on the Chicago Board Options Exchange (CBOE).
The six indexes included in the agreement are the MSCI EAFE Index, MSCI Emerging Markets Index, MSCI ACWI Index, MSCI USA Index, MSCI World Index and the MSCI ACWI ex-USA Index.
CBOE plans to offer options trading in the first quarter of 2015, pending regulatory approval, on two of MSCI's best-known indexes: the MSCI EAFE Index and the MSCI Emerging Markets Index. CBOE plans to list options
Circle Squared Alternative Investments (CSQ) has partnered with USD1.5bn money management and investment consulting firm Strategic Capital Alternatives (SCA).
SCA provides customised investment portfolio models and operational platforms to independent registered investment advisors (RIAs).
The partnership is aiming to empower advisors who work with SCA to capitalise on an investment model long employed by institutional investors – the outsourcing of highly specialised CIO-level analysis – but just now becoming available to independent financial advisors.
“Our OCIO model is a direct response to advisors’ recognising their efforts are much better spent on gathering assets than managing them, something institutions figured out
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, says: "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 minimising volatility and exposure to interest rate
Silvaris Capital Management has launched the Silvaris Global Equity Fund, a UCITS version of its successful global equity long/short strategy, on the Alpha UCITS platform.
Eric Halet, a former Portfolio Manager at Wellington Management and previously co-founder and co-CIO of Algebris Investments, launched Silvaris in April 2013. Silvaris is a diversified global equity long/short fund with a strong expertise in Global Financials, Infrastructure and high-quality mid-cap companies in Europe, Emerging Markets and Japan. The fund seeks to produce asymmetric returns by focusing on alpha generation to protect capital in challenging markets while adopting a clear net long exposure when
