Managers
PEGAS, the pan-European gas trading platform operated by Powernext, registered a total volume of 130.4 TWh in June 2018 (June 2017: 167.7 TWh). The overall spot volume increased by 25 per cent over the previous year, following the upward trend on most PEGAS spot market areas.
Spot trading volumes in June amounted to 74.9 TWh, up 25 per cent over the previous year (59.6 TWh). The Dutch TTF market area reached 27.2 TWh, an increase of 75 per cent (June 2017: 15.5 TWh). The German delivery zones NCG and Gaspool amounted to 22.9 TWh which represented an improvement of over
Nasdaq is to launch US DV01 Treasury Futures, a new interest rate risk product trading on the Nasdaq Futures Exchange (NFX).
US DV01 Treasury Futures, or “the dollar value of one basis point,” will allow clients to hedge against the price sensitivity of a portfolio of cash market US Treasuries across the yield curve from 2-year to 30-year maturities. The new product will be available for trading on Thursday, 19 July, 2018, pending regulatory approval.
“Combined with our experience in the US Treasury cash markets on Nasdaq Fixed Income (NFI), the launch of US DV01 Treasury Futures moves us closer to our goal
Equinox Funds (Equinox), a specialist in alternative investments, has launched the Equinox Ampersand Strategy Fund, which restructures the Equinox EquityHedge US Strategy Fund by combining the current long Equity Strategy with an enhanced Overlay Strategy.
Equinox has agreed to waive its management fee for twelve months if the fund underperforms the S&P 500 Total Return Index (S&P 500) for a given fund-year. The Ampersand Fund will assume the existing ticker symbols of (EEHIX) (Class-I) and (EEHAX) (Class-A).
In 2017, Equinox expanded its institutional offerings by launching Ampersand Portfolio Solutions. Ampersand Portfolio Solutions develops and implements custom overlays that complement,
Aspect Capital (Aspect), a USD7.3 billion systematic investment manager, has launched a UCITS fund to provide investors with access to the Aspect Systematic Global Macro Programme.
The Systematic Global Macro Programme utilises a systematic relative value approach to global fixed income, stock indices, currency and volatility investing. It aims to generate absolute returns by managing a diversified portfolio with low correlations to traditional and alternative asset classes, allocating its risk to over 20 individual models spread across 13 macro-economic themes. The UCITS fund has been structured to provide access to the complete Aspect Systematic Global Macro Programme.
Portfolio managers
StatPro Group, an AIM listed provider of cloud-based portfolio analysis and asset pricing services for the global asset management industry, has acquired ODDO BHF’s regulatory risk services bureau, for an undisclosed sum in cash.
The acquisition adds a full, managed service for regulatory risk reporting capability, which will use StatPro’s existing Revolution platform, expanding the service delivery options for StatPro clients. It also adds ten new clients to StatPro’s client base in Germany and Luxembourg. The service will be marketed by StatPro throughout the EU.
StatPro expects annual revenue levels for the acquired service to remain broadly similar for
Hector McNeil (pictured), co-Founder and co-CEO, HANetf presents his most recent commentary, arguing: The Case for Non-Transparent Active ETFs.
Growth in the ETF industry is sustained, long-term and global – at the time of writing, there have been 51 months of consecutive net inflows to the industry.
This expansion is being sustained by both internal innovation and external mega-trends. The previous HANetf paper ‘Win the Future’ described the external influences that are fuelling the unprecedented growth of the global ETF industry – automation, technology, focus on fees and regulatory initiatives – but the ETF industry is also seizing the
HFR has launched the HFR Bank Systematic Risk Premia Indices which includes 40 indices delineated along a nested matrix of established risk premia asset type and strategy.
HFR says risk premia strategies have experienced a surge in interest from both institutional and retail investors as a result of high liquidity and flexible tactical exposures. The universe of bank risk premia strategies surpassed USD700 billion in notional capital in 2018 and leverages a universe of over 1,200 risk premia products.
The HFR Bank Systematic Risk Premia Indices offer daily performance reporting categorically delineated across a robust asset type and
Hedge funds posted another positive yet meagre gain in June, dragged down by the losses of emerging markets managers, according to data released by Eurekahedge.
Distressed debt hedge fund managers maintained their position across strategic mandates with their year-to-date return, despite the lack of significant movement in the high yield and leveraged loan markets.
CTA/managed futures hedge funds continued to struggle as the commodity markets came under the pressure of trade war concerns and tariff spat between major economies.
Fund managers focusing on emerging markets struggled during the month as the underlying equity markets came under the pressure
After being just slightly positive in April 2018, hedge fund AUM were just slightly negative in May of this year, with investors pulling USD1.59 billion from the industry during the month, according to the latest eVestment Hedge Funds Report.
Overall year-to-date fund flows are still positive, at +USD12.51 billion, with overall industry AUM sitting at USD3.319 trillion.
Despite the visible negativity, there are still many products gaining assets, but for each gainer there was another losing a little bit more. For instance, among hedge fund types, Equity-focused funds pulled in +USD3 billion in May and Commodities funds pulled in
LGT Capital Partners reports that European alternatives managers’ adoption of ESG principals has increased.
The sixth annual ESG Report assessed some 294 managers globally, grading them on how successfully they have integrated environmental, social and governance (ESG) considerations into their investment activities.
The report found that the majority, at 58 per cent, of private equity firms are rated as either ‘Excellent’ or ‘Good’ in terms of ESG integration, compared to just 27 per cent in 2014, indicating that this has been made a priority by private equity managers.
Europe continues to lead the way in ESG integration, particularly
