Managers
The London Metal Exchange and LME Clear (together, the LME) have set out their ‘strategic pathway’ having received 162 responses to a discussion paper on market structure from a broad range of users.
Matthew Chamberlain (pictured), London Metal Exchange Chief Executive, says: “We are delighted that so many members of the metals community took the time to respond in detail to the discussion paper. Respondents’ views were aligned in a number of areas, which helped us to refine our strategic priorities, resulting in a plan that balances the needs of all our users in support of fairness, user choice and
Preqin’s latest survey of alternative assets investors finds that they have generally been satisfied with the performance of their portfolios in recent years, and most are seeking to maintain or increase their allocations over the next 12 months.
However, across all closed-end private capital asset classes, investors reported high pricing as a key challenge facing the industry, with deal flow also a prominent concern.
Regarding hedge funds, investors reported performance and fees as key issues facing the industry. As dry powder has reached record highs across the private capital industry, and the number of funds seeking investment has risen,
The European Energy Exchange (EEX) is to launch Weekend Contracts for Phelix-DE Futures on 21 September which complete the product suite for the German market.
In doing so, the offering for the German market will be aligned with the Phelix-DE/AT Futures in order to provide trading for the full curve to the customers.
“Since the launch of these products, volumes in Phelix-DE Futures have increased rapidly,” says Steffen Köhler (pictured), COO of EEX. “In the Cal-19 contract, already almost 60% of the total German power volumes are traded in the Phelix-DE Future which is quickly establishing itself as the
Following a challenging first half of the year, CTAs continued their upwards trajectory in August, with their second positive month, up 2.07 per cent. The developments in H2 are taking CTAs almost back into positive territory.
The SG CTA Mutual Index was also up 0.83 per cent in August and back to flat year to date.
The returns were primarily driven by trend following, the SG Trend Index was the biggest winner, up 2.61 per cent, although some individual CTA returns were higher. Short term trading strategies had a very mixed month, as the individual constituent CTA returns ranged
Having managed a successful UK High Alpha strategy for Institutional Clients for over 13 years, Mirabaud Asset Management has decided to reposition its existing UK Equity High Income Fund into a High Alpha Strategy from 1 October.
The fund will be managed by Jeremy Hewlett, who is in the UK Equity Team headed by David Kneale.
The Mirabaud – Equities UK High Alpha fund will be an unconstrained, actively managed, high conviction, concentrated portfolio of best ideas. The team look for quality businesses with strong barriers to entry and which are cash flow generative over multiple years.
“Mirabaud
The alternative assets industry reached a record size as of the end of 2016, according to the latest performance analysis data released by Preqin examining assets under management, horizon returns, public market equivalents and top performing funds.
Hedge funds saw their assets hit a record USD3.25 trillion, despite net investor outflows through the year. Private capital funds, meanwhile, increased their assets by over 7 per cent, from USD4.27 trillion as of the end of 2015 to USD4.59 trillion 12 months later. Private equity funds represent the largest proportion at USD2.58 trillion, followed by real estate (USD785 billion), private debt (USD605
Deutsche Börse and Illuminate Financial Management have co-led in a USD5 million Series A funding round in RegTek.Solutions, a multi-jurisdiction regulatory reporting solutions provider.
Based in New York, RegTek.Solutions was launched earlier this year as a specialist provider of global regulatory compliance software by Risk Focus Inc, a risk and regulatory services firm. RegTek.Solutions provides innovative trade reporting solutions and cost-effective compliance software (Report-It) enabling firms to improve the quality, transparency and control of regulatory reporting obligations across multiple jurisdictions and asset classes, including OTC Swaps, Credit, Rates and Equity, as well as FX and Commodities trading. The firm counts ten
PEGAS, the pan-European gas trading platform operated by Powernext, has launched the European Gas Spot Market Index (EGSI), which will cover all liquid gas spot markets operated by PEGAS.
Along with the launch of EGSI, PEGAS will also harmonise the use of existing indices for the futures market.
The introduction of EGSI will allow market participants to better mirror short-term price developments in their contracts. As a result of the opening and liberalisation of the European Gas markets, the importance of transparent prices determined on supervised exchanges has increased further. The substitution of oil-indexed pricing by gas-hub pricing is
Nasdaq is to acquire eVestment, an industry leading content and analytics provider used by asset managers, investment consultants and asset owners to help facilitate institutional investment decisions.
The acquisition is expected to deliver attractive shareholder returns with a combination of recurring, predictable revenue, a strong track record of growth and attractive cash flow dynamics.
eVestment provides institutional investors the largest, most comprehensive database for both traditional and alternative strategies, including as many as 2,800 individual data points on more than 74,000 investment vehicles. eVestment has more than 2,000 clients, including 92 per cent of the top asset managers, 76
By Don Steinbrugge (pictured), Agecroft Partners – Hedge fund managers focused on structured credit strategies can be simplistically divided into two categories: beta managers or alpha generators. Many investors believe the beta opportunity born out of the financial crisis has substantially run its course.
As such, they find risk adjusted returns from structured credit beta managers are not particularly attractive. On the other hand, inefficiencies in the structured credit markets persist, providing opportunities to generate strong, alpha-driven risk adjusted returns relative to other hedge fund strategies.
Beta managers are defined as primarily long biased managers with some leverage. Typically their net
