Managers
AMP Capital and BetaShares have launched their third active exchange traded managed fund (ETMF). The AMP Capital Dynamic Markets Fund (Hedge Fund) (DMKT) is the first global multiasset fund trading on the Australian Securities Exchange (ASX).
The Dynamic Markets Fund was established in 2011 by AMP Capital Head of Dynamic Markets Nader Naeimi and AMP Capital Head of Investment Strategy and Chief Economist Shane Oliver to meet the needs of investors concerned about achieving their investment goals in the face of increasing market volatility.
DMKT is the ASX-traded version of the existing unlisted AMP Capital managed fund, which has raised more than AUD1.2 billion from
Schonfeld Strategic Advisors has expanded its exposure to quantitative trading with its commitment to Masa Capital, a newly-established investment adviser, run by quant portfolio manager Eric Tavel.
Tavel’s expertise lies in the development of quantitative trading strategies within a diverse set of asset classes, including futures and currencies. Schonfeld will support Masa Capital by investing capital as well as assisting with infrastructure and recruitment of personnel.
Tavel spent the last five years as the Head of Quantitative Trading for RBC’s proprietary trading division, known as GAT. Prior to RBC, he worked for 14 years at Goldman Sachs Asset Management as
Franklin Templeton Investments has launched Franklin K2 Global Macro Opportunities Fund for US investors, a multi-manager fund that invests in a variety of global macro strategies sub-advised by institutional-quality hedge strategy managers.
Global macro hedge strategies generally have the widest mandate of all hedge strategies, as managers may take positions across the asset classes of global equities, interest rates, currencies or commodities.
"Against the backdrop of increased global macroeconomic and political uncertainty, many US investors are potentially taking on more equity risk than their goals would dictate, and may be open to looking for new ways to diversify their investment
Investors redeemed a net USD20.70 billion from hedge funds in June, bringing Q2 net flows to negative USD10.68 billion and H1 2016 net flows to negative USD27.95 billion, according to eVestment’s latest Hedge Fund Industry Asset Flow Report.
As a result of the redemptions, the largest June since eVestment began tracking monthly flows in 2009, global hedge fund assets dropped below USD3 trillion.
eVestments says: “while there are exceptions, investors are clearly dissatisfied not only with 2015 returns, but also with performance from portions of the industry in 2016. The result of the Brexit vote, and its impact on returns
Sterling and euro prime money market fund (MMF) assets will increase in the coming months amid post-Brexit uncertainty despite record low yields, says Moody's Investors Service.
In parallel, US prime funds are experiencing a spike in outflows ahead of October's regulatory changes.
"Uncertainties around Brexit and the lack of comparable investment alternatives have kept investors in money market funds. Lower investor confidence and higher risk aversion could cause corporate investments to be postponed, leading to inflows into low-risk, highly liquid assets such as MMFs," says Vanessa Robert, Senior Credit Officer at Moody's.
Despite the drop in MMF yields, Moody's says
Blockchain intelligence firm Elliptic and LexisNexis Risk Solutions have formed a strategic alliance that integrates LexisNexis Risk Solutions extensive anti-money laundering risk management data into Elliptic’s Bitcoin transaction monitoring and compliance products.
The two firms have built a proof-of-concept that leverages financial intelligence data from LexisNexis Risk Solutions and presents it alongside Elliptic’s proprietary risk scoring – providing financial services firms and other companies the ability for the first time to have bank-grade risk management on Bitcoin transactions.
Elliptic will now use LexisNexis Bridger Insight XG platform that includes its WorldCompliance database to identify whether Bitcoin transactions are linked to identities that are considered heightened-risk individuals
PEGAS, the pan-European gas trading platform operated by the French Powernext SA, saw a total volume of 86.1 TWh traded in July 2016 which represents a growth of 20 per cent compared to the previous year (71.6 TWh).
Spot trading volumes in July reached 40.3 TWh, which amounts to an increase of 55 per cent compared to the previous year (26.0 TWh). On the Dutch market area TTF, 12.5 TWh were traded, 69 per cent more than in July 2015 (7.4 TWh). The German NCG and GASPOOL hubs together registered the biggest share on PEGAS Spot with a total of
Nikko Asset Management is launching a Luxembourg domiciled Global Credit UCITS fund on 3 August 2016. The fund is managed by Head Portfolio Manager – Global Credit, Holger Mertens (pictured) and supported by its experienced Global Credit teams based in London, Tokyo, Singapore, Sydney, Auckland and New York.
“We believe credit is most effectively managed within a global context, allowing fundamental research to determine asset allocation and security selection, tempered by awareness of the asymmetric risks of credit exposures,” says Mertens.
The fund aims to target an excess return of 1.5 per cent against the Barclays Global Aggregate Corporate Index
Institutional and private client service provider JTC has acquired Arcange REIM in Luxembourg, enabling it to launch a new AIFM management company (ManCo) business as it continues to enhance its range of European alternative fund services.
The acquisition of Arcange REIM, which was one of the first Luxembourg based independent management companies to comply with the Alternative Investment Fund Managers Directive (AIFMD), was completed on 6 July following approval from the Commission de Surveillance du Secteur Financier (CSSF).
The new ManCo is called Global AIFM Solutions. A wholly owned subsidiary of JTC, Global AIFM Solutions will offer a fully AIFMD-compliant
Colt and Korean financial IT provider Koscom are forming a global securities network partnership to provide ultra-low-latency connectivity between capital markets participants in Korea and the world’s major stock and derivatives exchanges.
As part of this collaboration, Koscom, which was founded by Korea’s Ministry of Finance and the Korea Stock Exchange, will use Colt’s low-latency global network service infrastructure to complement its own exclusive financial network in Korea, Stock-Net. The multi-year leverages each other’s local and global network and exchange colocation footprints, as well as the respective sales and service operation resources in Korea and around the globe.
The
