Managers
The London Metal Exchange and LME Clear (together, the LME) has announced the delivery programme for its strategic pathway, including product launches, membership enhancements and new trading efficiencies.
Matthew Chamberlain (pictured), London Metal Exchange CEO, says: “We’re delighted to have received positive feedback on our strategic plans for the LME market. Looking ahead, we have an exciting delivery plan for 2018. One key area of expansion is our battery metals offering – we already list copper, nickel, aluminium and cobalt contracts, but we’ll be working with the battery and electric vehicle industries over the coming months to deliver new contracts
S&P Dow Jones Indices (S&PDJI) is now publishing carbon metrics on the majority of its equity indices, including the S&P Global 1200, S&P 500, Dow Jones Industrial Average and environmentally-focused indices including S&P Global 1200 Carbon Efficient Index Family and S&P Global 1200 Fossil Fuel Free Index Family.
S&P DJI is the first index provider to publicly display carbon metrics as standard alongside financial data on its indices on a monthly basis. The initiative is part of S&P DJI’s commitment to support ESG transparency enabling market participants to understand, measure and manage carbon risk.
There are three metrics currently
Artisan Partners has launched the Artisan Global Discovery Strategy, which is available on a separate account basis and via the Artisan Global Discovery Fund, an Irish-domiciled UCITS fund.
The strategy is managed by the Artisan Partners Growth Team, with Jason L White (pictured), as lead portfolio manager and James D Hamel, Matthew H Kamm and Craigh A Cepukenas also serving as portfolio managers. White joined Artisan Partners in 2000 and has 17 years of investment experience, including serving as a portfolio manager since 2016 and as an associate portfolio manager since 2011 for the Artisan Global Opportunities, US Mid-Cap Growth
Barclays Bank PLC, as index sponsor of the Barclays Global Carbon Index Total Return – the underlying index for the iPath Global Carbon ETN – has announced that the index will be retired effective 27 October, 2017.
The index will be replaced by the Barclays Global Carbon II TR USD Index, effective after the close of 27 October, 2017. Pursuant to the terms of the ETNs, Barclays Bank PLC as calculation agent on the ETNs has approved the Successor Index as a successor index for the ETNs following the discontinuation of publication of the Original Index.
Friday, 27 October,
Prophecy Asset Management, a New York-based allocator and seed capital source for equity long/short hedge fund managers, has allocated USD30 million to a portfolio created by Birch Island Capital, a private investment firm in Cambridge, MA founded by a team of current Massachusetts Institute of Technology (MIT) students majoring in Economics, Finance and Computer Science.
Birch Island’s innovative equity investing strategy incorporates advanced methods of statistical machine learning combined with fundamental analysis applied to a scalable quantitative portfolio construction process.
“While scouting for innovative investment strategies, different trading methodologies and new launches, we were introduced by our Boston brokerage partner
ICE Futures Europe expects to launch a new one month, cash-settled futures contract based on the Sterling Overnight Index Average (SONIA) rate on 1 December, 2017.
“We are pleased to introduce SONIA futures to our Sterling interest rate portfolio alongside the highly liquid Short Sterling and Gilt futures markets,” says Stuart Williams (pictured), President, ICE Futures Europe. “We’ve seen significant growth in demand in both Sterling and Euro interest rate futures and options this year, and remain committed to developing innovative solutions that meet the needs of our customers.”
ICE offers a comprehensive range of European interest rate futures
Over the past decade the funds of hedge funds industry has seen a long-term decline in AUM, falling to USD798 billion in June 2017, as investors have become increasingly sophisticated and withdrawn capital in favour of investing directly themselves.
As industry assets have dwindled, the number of new funds of hedge funds entering the market has also fallen year-on-year, from a peak of 207 in 2007 to just 10 in the first half of 2017. In order to combat the challenging environment fund of hedge funds managers have increasingly turned to M&A activity among themselves in order to diversify product
Minerva Capital Management, the New York based Asset Manager, has launched a new fund, the Minerva Catalyst Strategies LP Fund.
Minerva is a deep value, bottoms-up, long-biased, hands-on activist fund. The founder and CEO Stanford Silverman (pictured), commented, “Minerva is aiming for exceptionally high risk-adjusted absolute returns, with targeted annual ROI portfolio performance north of 35 per cent.”
Silverman says: “Our team adds value by its unparalleled industry expertise, as well as Minerva’s frequently hands-on, value-enhancing involvement with the portfolio companies’ operations. Furthermore, we are at a significant investment inflection point for the industries Minerva targets, and, for which
It is a trend that has steadily gathered momentum over the last five years and one that shows no sign of abating: namely that the big US hedge fund groups continue to get bigger and attract most of the institutional money.
From a structuring perspective, large managers are increasingly choosing to establish funds-of-one to meet the specific needs of US institutional investors.
“Under Cayman law we don’t have the managed account concept so a fund-of-one is the preferred structuring option for these managers,” explains Joanne Huckle (pictured), Partner, Investment Funds Team, Ogier (Cayman Islands). “Institutional investors are becoming more demanding
Hedge funds have finally enjoyed a sustained period of good performance over the past 12 months, going some way to assuage investor concerns. The HFRI North America Index is up 5.54 per cent YTD, and up 8.68 per cent over a one-year period; slightly higher than the HFRI Fund Weighted Composite Index (7.16 per cent).
With equity markets continuing their bull run, it is proving to be a blessing for equity-focused hedge fund managers. On 12 October, the FTSE 100 index reached a record-high, closing at 7,556.24, largely in response to Brexit negotiations pushing the price of sterling lower. Since July
