Funds
Natixis Global Asset Management has launched the ASG Global Macro Fund (GMFAX), an alternatives mutual fund managed by AlphaSimplex Group, LLC (ASG).
The fund pursues an absolute-return oriented, long/short strategy that employs a dynamic risk-managed approach to invest across a range of global markets.
Investors and financial advisors are clamoring for accessible, liquid ways to invest in alternative strategies,” says David Giunta, president and chief executive officer, at Natixis Global Asset Management – US Distribution. “The ASG Global Macro Fund provides a solution by offering tools and techniques more widely available in hedge funds in a ’40 Act structure. It
Japan Exchange Group (JPX) and Singapore Exchange (SGX) are to enter a Letter of Intent (LOI) to collaborate in the joint development and promotion of the markets on both exchanges.
This cooperation further deepens the long-standing relationship and strategic partnership between JPX and SGX. Under the LOI, JPX and SGX will jointly explore and collaborate in areas such as:-
• Examining the possibility of developing new derivatives products based on TOPIX;
• Collaborating the development of commodities markets on both exchanges;
• Enhancing international connectivity via co-location data centres in each market; and
• Facilitating greater understanding of both markets
Eurekahedge has launched a new index, the Eurekahedge 50, created in partnership with Markov Processes International, which tracks the world top 50 hedge funds in terms of consistently attractive risk-adjusted returns.
The index was created to meet the demands of institutional hedge fund investors seeking a more selective benchmark reflective of diversified institutional quality hedge fund portfolios. The Eurekahedge 50 tracks the returns of the top hedge funds based on longevity, assets under management (AUM) and quality of risk-adjusted returns, taking into account stability and consistency. Boasting attractive performance coupled with a low downside deviation, the Eurekahedge 50 contains household
Commodities trading house Gunvor Group Ltd has agreed a USD1,090,000,000 revolving credit facility in favour of Gunvor International BV and Gunvor SA .
The facility will replace the maturing tranche of the Borrower’s Revolving Credit Facility dated 6 December 2013 and be used to finance general corporate and working capital requirements. The facility was oversubscribed, having launched at USD900 million, and complements the existing USD305 million Facility that matures in 2016.
“We’re pleased to have the continuing support of our banking partners, as well as the participation of new banks,” says Jacques Erni, Gunvor Group CFO. “Gunvor continues to grow
Demand for smart beta indices across Europe is growing, according to research conducted for ETF provider Invesco PowerShares.
Existing smart beta users confirmed that, by 2017 the percentage of assets invested into smart beta products is expected to be 18%, double the allocation at the beginning of 2014. At a country level, respondents based in Germany, Italy and Switzerland expect at least a 100% increase in allocations, with respondents based in the UK, which leads the four markets in terms of current allocations, expecting an increase of just under 70% from 15% at the beginning of 2014 to 25% by
Deutsche Börse Market Data + Services has launched “Eurex IOC Liquidity Indicator for Options,” an analytics product that provides insight into the liquidity of the most widely traded options available on Eurex Exchange.
“Eurex IOC Liquidity Indicator is our first analytics product for options contracts. Because the new indicator is based on order information that is not publicly available, it gives market participants a deeper view of liquidity for Eurex Exchange’s most popular options,” says Georg Gross, Head of Information, Market Data + Services, Deutsche Börse.
The Eurex IOC Liquidity Indicator for Options is calculated for more than 70
Euronextss commodities franchise achieved record daily volumes in milling wheat futures with 88,194 contracts traded and, simultaneously, record daily volumes in milling wheat options with 45,949 contracts traded on 2 December 2014.
On the same day a new total daily volume record for Euronext commodity derivatives was also reached, with 146,222 contracts traded.
Milling wheat futures volume represented over 4.4 million tons on 2 December 2014. The previous record was set on 28 September 2012 with 81,231 contracts / 4.06 million tons traded.
The Euronext milling wheat futures contract has become continental Europe’s most liquid cleared benchmark for
London Stock Exchange Group (LSEG), following satisfactory completion of all outstanding conditions, has completed its acquisition of Frank Russell Company (Russell).
As previously announced, the comprehensive review of Russell’s investment management business is making good progress and is on track to be completed early in 2015.
Xavier Rolet, Chief Executive of LSEG, says: "Today marks a significant step for the Group. Russell significantly enhances LSEG's presence in the US, the world's largest global financial services market, further expanding our global footprint and diversifying our customer and product base. We are delighted today to welcome Russell to the Group, and we
The November 2014 average daily transaction value on the Euronext cash order book stood at EUR6,544 million (+22.3% compared to November 2013), according to the exchange’s latest performance update.
The average daily volumes on equity index derivatives during the month were slightly up at 230,036 contracts (+3% compared with November 2013), while the activity on individual equity derivatives decreased by 11% to 238,784 contracts.
The activity on commodity derivatives continued to outperform in November with an average daily volume at 48,012 contracts traded, up 48% when compared to November 2013.
On the primary market, the EUR4.7 billion raised by Numericable
Kames Capital has launched two absolute return funds to complement its existing range – the Kames Equity Market Neutral Fund and the Kames Equity Market Neutral Plus Fund.
The firm now has four absolute return funds in its investment range.
The new funds will leverage Kames existing expertise in the absolute return space, by providing investors with a wider choice of strategies to complement the existing Kames UK Equity Absolute Return Fund.
The Kames Equity Market Neutral Fund will target a return of cash plus 4%, in all market conditions, over a 36 month rolling term. The fund
