Managers
The European Energy Exchange (EEX) has achieved a new daily record in Phelix-DE Futures trading a total of 4.7 TWh, surpassing the previous record high of 3.0 TWh by more than 50 per cent.
In another key development, the Phelix-DE Futures is also gaining importance in short-term maturities before the planned split of the German-Austrian price zone in October 2018. Historically, a large share of German trading volumes for maturities beyond 2018 is already traded in Phelix-DE Futures on a regular basis. However, yesterday’s trading volumes in Phelix-DE day and weekend contracts also exceeded the volumes in Phelix-DE/AT day and
Intercontinental Exchange (ICE) has acquired a 4.7 per cent stake in Euroclear, a provider of post-trade services, including settlement, central securities depositories and related services for cross-border transactions across asset classes, for EUR 275 million.
ICE anticipates having one representative join the Board of Euroclear.
“We are thrilled to become a shareholder of Euroclear,” says ICE Chairman and CEO Jeffrey C Sprecher (pictured). “Euroclear’s infrastructure plays an increasingly important role as technology, collateral, risk management and regulation continue to drive an emphasis on post-trade services. This transaction demonstrates our continued focus on expanding our investments in mission critical clearing
Guernsey continues to see a growth in inward migration of companies after the best quarter of growth this year, according to the latest figures.
The Guernsey Registry, which is responsible for tracking migrations both in and out of the island, reports that 23 companies migrated to Guernsey during the third quarter of 2017. With just four companies migrating out, it represents a net inward migration of 19 companies moving their domicile to Guernsey in one quarter alone.
That means the net migration of companies to Guernsey in 2017 stands at 36, as at the end of Q3. The latest
Intercontinental Exchange (ICE), an operator of global exchanges and clearing houses and provider of data and listings services, has completed its acquisition of the Bank of America Merrill Lynch Global Research division’s fixed income index platform, which will become part of ICE Data Services.
Terms of the agreement were not disclosed and the financial impact of the transaction will be immaterial to ICE in 2017.
“We’re excited to expand the breadth and scale of our index offering to give customers increased choice of third party benchmark solutions,” says Lynn Martin (pictured), President and COO of ICE Data Services. “With
The European Energy Exchange (EEX) and China Beijing Environment Exchange (CBEEX) have signed a Memorandum of Understanding (MoU) to form a strategic partnership for the joint development of the Chinese carbon market.
The MoU is concluded against the background of the Chinese national emission trading system (ETS), which is expected to be launched still in 2017 and set to become the largest carbon market worldwide in terms of covered emissions.
Within the scope of the MoU, EEX and CBEEX will evaluate how access to the Chinese ETS for international companies can be facilitated and vice versa and how all
By Alan Chu, Meyler Capital – The fund manager next door launches a brand new, state-of-the-art website. The manager in the upstairs office announces that he’s a keynote speaker at three industry-renowned conferences next quarter. Your friend from college starts a fund, and begins by releasing a video with all kinds of bells and whistles; you’re positive that it didn’t come cheap.
It’s hard to grasp why on earth these people are doing this.
“Why are they spending so much on promoting themselves??”
Perhaps they’ve hired a young gun who’s pitched them on modernising the firm. Or, they’ve given up
Despite redemptions of USD2.5 billion from hedge funds in September, Q3 ended with USD12.5 billion of inflows and the industry sitting at an all-time peak AUM, according to the latest Hedge Fund Industry Asset Flow Report from eVestment.
The proportion of funds losing assets in September was the highest of the year, and highest since December 2016. However, the proportion of managers who lost greater than 2 per cent, or greater than 5 per cent of their total AUM due to outflows was nowhere near the level seen in December. The proportion of all funds that lost greater than 2
Apex Group’s Apex Fund Services is to acquire Deutsche Bank’s Alternative Fund Services (AFS) business, a deal that will add USD170 billion in AUA and make Apex the eighth largest fund administrator in the world, and the largest independent administrator.
The deal reveals the rapid expansion of Apex since the company was recapitalised by Genstar Capital and simultaneously acquired Equinoxe Alternative Investment Services. The purchase of the AFS business is the most recent significant step in Apex’s movement towards its stated goal of being a top five global fund services business.
Apex’s global reach and connected operating model opens
Steady performance and investor inflows through Q3 2017 increased total hedge fund capital to a fifth consecutive record quarterly level, as global economic growth prospects improved despite continued elevated geopolitical risks.
Total hedge fund industry capital rose to a record USD3.15 trillion, an increase of USD50 billion over the prior quarter, as reported today by HFR, the established global leader in the indexation, analysis and research of the global hedge fund industry. The HFRI Fund Weighted Composite Index gained 2.3 per cent in Q3 2017 and is up 5.9 per cent YTD, led by the HFRI Equity Hedge (Total) Index,
Alternative UCITS continued on their path of steady gains in Septmeber, with the LuxHedge Global Index advancing 0.27 per cent during the month to take its YTD return to 1.60 per cent.
The heterogeneity of different funds in the universe remains very large with a largest fund return at +9.25 per cent and a worst return of -7.20 per cent last month. Roughly two-thirds of Alternative UCITS funds posted positive results in September.
Performance was led by Equity Hedge funds with the LuxHedge Equity Long/Short Europe UCITS index gaining 1.12 per cent (+3.12 per cent YTD) and the LuxHedge
