Managers
The World Gold Council and the London Metal Exchange (LME), together with Goldman Sachs, ICBC Standard Bank, Morgan Stanley, Natixis, OSTC and Societe Generale, are to introduce a suite of exchange-traded and centrally-cleared precious metals products.
The initiative has been driven by the need for greater market transparency, to support and aid ongoing regulatory change, provide additional robustness to the precious metals market, broaden market access, make trading more capital efficient and trade lifecycle management easier.
LMEprecious will be developed to accommodate the interests of the full range of market stakeholders and to reinforce the strengths of the London market.
Neuberger Berman has extended its high yield capabilities with the addition of a global high yield bond strategy.
The new Dublin-domiciled UCITS vehicle, the Neuberger Berman Global High Yield Bond Fund, will use the resources of the group’s USD37.6 billion high yield franchise – which spans the US, European and emerging market high yield sectors.
Patrick Flynn (pictured), an experienced portfolio manager on Neuberger Berman’s USD7.8 billion High Yield Bond Fund, will lead the new strategy – in collaboration with colleagues from the US high yield team and the managers behind the group’s European high yield bond strategy and
One of the biggest issues with risk when it comes to investing is that investors will invariably think about it in binary terms; what is the level of risk? Is it too high or too low? Of greater import, however, is understanding the composition of risk.
Given where the funds industry is today, as end investors’ return expectations increase they become increasingly limited in the type of risk that they can take. This has the unintended consequence of decreasing the efficiency of the overall portfolio as it becomes more and more concentrated in one type of risk.
The job of
Apex Fund Services has closed a USD40 million credit facility with global credit investment firm Highbridge Principal Strategies.
Peter Hughes (pictured), founder and chief executive officer, Apex Fund Services, says: “The completion of this investment further strengthens Apex’s ability to continue its expansion on a global scale. I am delighted that a well established investment firm recognises an opportunity in the business and has confidence investing in our brand and supporting us in our future development. This investment helps further solidify the Apex group’s position as one of the world’s leading independent fund administrator as we continue to increase our
Barclays Prime Services Strategic Consulting has just completed its latest report entitled ‘Against All Odds – Hedge Fund Industry Developments and Implications for Growth’.
The report finds that although hedge funds have produced considerable excess returns since 1993, such levels have by and large plateaued since 2011, which may be at least partially due to managers’ reducing their risk appetite.
However, survey respondents indicated that they believe the size of the industry and macro conditions are more likely the reasons for recent hedge fund underperformance. The study finds that the industry, across various strategies, has achieved a CAGR over
Societe Generale Prime Services reports that CTAs continued their good performance from June with all CTA indices posting positive returns in July.
The SG Trend index, measuring the performance of the largest ten trend-following based CTAs, was the best performing index for July but year to date still remains behind the CTA Index, which is a broader measure of the largest 20 CTAs, with a year to date return of 5.53 per cent.
Short term traders, despite posting the lowest monthly returns amongst the indices in July, are still leading performance year to date, with a year to date
Vattenfall Energy Trading Netherlands NV has become a Liquidity Provider on the European Energy Exchange (EEX) Derivatives Market for Emission Allowances.
The Dutch trading entity of Vattenfall is admitted for trading on the spot and futures markets for emission allowances and will support liquidity in the EUA Futures market.
"We are very pleased to welcome Vattenfall NV as the new Liquidity Provider,” says Steffen Köhler (pictured), Chief Operating Officer of EEX. "This strengthens the price quality in our order book and makes our market place more attractive for other market participants."
Andreas Gelfort, Head of Benelux, UK Power and Emissions
Recon Capital, an investment firm and exchange traded fund (ETF) provider has expanded its product offerings by partnering with Crow Point Partners, a boutique investment manager with a long track record in global equity, alternative, and specialty fixed income strategies, to offer the Crow Point Dividend Plus Fund.
“Today, with yield and volatility curves at historic lows, investors face an inordinate amount of assymetric risk. Investment management firms need to provide products to help them. We believe GDPIX does that,” says Peter DeCaprio, the CEO and co-founder of Crow Point. The Crow Point Dividend Plus Fund is comprised of three
Hedge fund data provider HFR reports that hedge funds investing in Japan declined to conclude the first half of 2016 as the Japanese Yen surged on Brexit, while hedge funds investing in China and throughout Emerging Asia posted mixed performance for the second quarter.
The HFRI Japan Index fell -2.7 per cent in June, the largest monthly decline since February, as the Nikkei 225 lost -9.6 per cent for the month, bringing the Nikkei’s 1H16 decline to -18.2 per cent. The June loss brings performance of the HFRI Japan Index to -2.6 per cent for 2Q and -6.1 per cent
The proposed cooperation between the Austrian Central European Gas Hub (CEGH) and the Paris-based Powernext has now officially been approved by the Austrian and German competition authorities.
Austrian CEGH Gas Exchange spot and futures contracts will now be operated on the PEGAS platform under the Powernext rulebook and exchange license. The migration of CEGH products to the PEGAS platform will be carried out by the end of November 2016. In addition, the agreement foresees the joint development of the Austrian as well as the Central and Eastern European (CEE) gas markets.
Gottfried Steiner (pictured), CEO of Central European Gas Hub
