Managers
Highland Capital Management has launched the Highland Flexible Income UCITS Fund, an Irish-domiciled fund focused on collateralised loan obligation (CLO) debt.
An innovator in the structured credit space, Highland enhances its suite of alternative credit offerings with the new fund, extending the firm’s reach among European investors.
“Improving and expanding access to the floating-rate debt market is in Highland’s DNA, and this fund is the latest manifestation of that,” says Mark Okada, Highland Capital Management co-founder and co-chief investment officer (CIO). “The UCITS framework provides a number of advantages for investors, and with Highland’s structured credit expertise and
Hedge funds delivered healthy performances last week, with beta-driven strategies outperforming.
L/S Equity funds extended their gains in line with their underlying markets, according to the latest Weekly Brief from Lyxor’s Cross Asset Research team.
Special Situations benefitted from both their higher market beta and some of their activist positions. Tightening deal spreads along with the consolidation wave in the Media sector supported Merger Arbitrage. That included positions on stocks such as NXP and Sky, to name a few.
CTAs were the main detractor to the performance, hit by rising bond yields in Europe and the slide in
Currency manager Record Currency Management (Record) has been accepted as a signatory to the Principles for Responsible Investment (PRI), and is one of the first dedicated currency managers to do so.
James Wood-Collins, Record’s Chief Executive, says: “Record has long had a policy of managing its business in a socially-responsible fashion. We are delighted now to be in the lead amongst currency managers seeking to incorporate ESG issues into our investment practice as well as our business management. While the nature of the portfolios that we manage on our clients’ behalf imposes some particular challenges, we are excited about exploring
AlphaCentric’s Income Opportunities Fund (IOFIX) has been awarded a five-star rating by Morningstar. The Fund celebrated its three-year anniversary on 05/28/2018, and generated a 12.34 per cent return rate for the three-year period ending 31 May 2018.
This five-star rating is a reflection of IOFIX’s risk-adjusted performance for the period ending 31 May 2018, out of 258 funds in the Multisector Bond category. For three consecutive years, IOFIX has generated returns that significantly outperformed its Morningstar category. Additionally, IOFIX ranked at the top of its Morningstar category (as of 31 May 2018) with annualised returns double that of the next
Lendingblock, an institutional platform for collateralised crypto-currency lending, has partnered with digital asset brokerage firm Octagon Strategy Limited.
As part of the partnership, Octagon Strategy will join the Lendingblock Institutional Advisory Group to trial and launch the Lendingblock platform’s real-time exchange for fully collateralised, cross-chain borrowing and lending of cryptocurrency assets.
“I’m delighted to announce that we have the support of one of the largest cryptocurrency brokerage firms in the world,” says Steve Swain (pictured), CEO of Lendingblock. “Octagon Strategy has established itself as the go-to institutional brokerage for the cryptocurrency market, and brings extensive industry expertise and unique
Energy hedge funds soared in May to the best monthly gain since April 2016, leading the performance of the broad-based HFRI Fund Weighted Composite Index, with strong complementary contributions from Healthcare, Energy Infrastructure, and Technology exposures.
The HFRI EH: Energy/Basic Materials Index surged 6.3 per cent in May, leading all indices in the month and bringing the YTD gain to 8.7 per cent, according to data released today by HFR.
The HFRI Fund Weighted Composite Index® (FWC) was up 1.0 per cent in May, the strongest month since January and bringing YTD performance to 1.4 per cent through May.
Broadridge Financial Solutions has expanded its global market intelligence business with the acquisition of MackayWilliams, a specialist European fund market and research firm.
The acquisition will combine Broadridge’s fund data and analytics solutions with MackayWilliams’ leading insight into European mutual fund trends, brand perceptions and fund selector behaviour offering clients a more integrated and holistic view of retail and institutional markets across regions.
MackayWilliams provides proprietary sentiment and brand data from over 1,000 annual fund buyer interviews via its flagship solution, Fund Buyer Focus, as well as market research and trend analysis through subscription services that include Fund Radar
Following a marginal uptick in April, Societe Generale Prime Services’ SG CTA Index moved into negative territory in May, down 2.41 per cent for the month, despite being up mid-month.
Trend followers were the main drivers of losses in the second half of the month, and were down 2.72 per cent. Short-term CTA strategies handled the changing market conditions relatively well and ended May up +0.39 per cent.
The SG Trend Indicator had a difficult period and was down 3.50 per cent, leading to a reading of 13.30 per cent for the first five months of this year. Following
Latest figures from Crypto Fund Research reveal that prices for most cryptocurrencies are down more than 50 per cent in 2018, but despite that, crypto funds have been launching at a record pace.
The first five months of 2018 have already brought the launch 61 new crypto hedge funds and venture capital funds – on pace for 147 for the year. At this rate, 2018 launches will surpass the record 130 crypto funds launched last year, according to analysis from Crypto Fund Research.
There are now 366 cryptocurrency investment funds worldwide.
2017 is sometimes referred to as “The
The average daily transaction value on the Euronext cash order book stood at EUR8,525.5 million in May, down 1.3 per cent compared to May 2017, and up 8.2 per cent from the previous month.
In the first five months of 2018, the average daily transaction value on the Euronext cash order book was EUR8,514.9 million, up 10.6 per cent compared to last year.
The average daily transaction value on the ETFs order book From January 2018, volumes on ETFs are only measured on order book activity due to low revenue-impact of off-book activity. Based on the previous presentation, activity is
