Managers
The top 10 hedge funds heavily sold-off their equity holdings in the third quarter of the year , according to the S&P Capital IQ Hedge Fund Tracker for Q3 2015.
In Q3, the top funds managed approximately USD191 billion in equity assets, down USD9 billion from Q2. This decline in equity holdings reflects the market drop that occurred over the third quarter and an aggregate decline in overall equity holdings. Top funds held a total of 441 different stock positions in Q3, down from 471 in Q2. Tech sector stocks led the sell-off, with eBay earning the distinction of most-sold stock among
Managed futures traders lost 0.78 per cent in October according to the Barclay CTA Index compiled by BarclayHedge. The Index is down 1.52 per cent year to date.
“A powerful rally in global equities coming on the heels of two consecutive down months found many trend-following CTAs on the wrong side of the market in October,” says Sol Waksman (pictured), founder and president of BarclayHedge.
Six of Barclay’s eight CTA indices lost ground in October. The Diversified Traders Index was down 1.50 per cent, Systematic Traders lost 1.17 per cent, Agricultural Traders were down 0.55 per cent, and Financial/Metals
Interactive Data, a provider of low-latency technology and market data feed services, and GlobalRisk, a developer of risk management software, have collaborated to deliver trading risk analysis and financial data to the US Commodity Futures Trading Commission (CFTC).
CFTC, the principal regulator in the US for futures and options, issued a contract to obtain the additional tools to help assess and monitor the risk exposures for derivatives transactions in real time.
The agreement aligns with industry-wide initiatives directed at improving risk management analysis and standardisation for OTC derivatives globally.
GlobalRisk’s FirmRisk offering captures real-time or delayed equities, futures
Swiss Hill Advisors, a specialist in the placement of hedge funds and alternative investment offerings to institutional investors, has been established by industry marketing and investor relations veteran Richard T Lieberman.
“Swiss Hill will focus on providing consulting and placement services to the next generation of hedge fund managers and take into account the needs of both managers and institutional investors. The goal is to match the investors’ needs with high quality institutional managers,” says Lieberman. “The next generation of managers and those with illiquid and niche strategies are becoming more popular as investors look for true alpha but the
Many investors choose to disregard potential investment in an infrastructure fund due to terms and conditions. Utilising information from the 2015 Preqin Private Equity Fund Terms Advisor and the Preqin Investor Outlook: Alternative Assets, H2 2015, this extract from this month’s Preqin Infrastructure Spotlight examines the fund terms and conditions of unlisted infrastructure funds and their effect on the alignment of interests between investors and fund managers.
In Q3 2015, Preqin conducted a series of detailed interviews with active institutional investors in infrastructure in order to gain insight into their attitudes towards the asset class. The study revealed that
Preqin’s latest factsheet takes a detailed look at closed-end private real estate fundraising for emerging managers in the US.
Fundraising
Preqin’s Real Estate Online contains detailed information on 529 private real estate funds managed by US-based emerging managers*, which have secured a total of USD104 billion since 2007. Fundraising by US-based emerging private real estate managers has not emulated its pre-crisis peak in 2007 of 80 funds reaching a final close on USD17.3 billion in capital commitments (Fig 1). The downturn led to year-on-year declines in aggregate capital raised before recovering in 2011, when USD14 billion was raised by 70
BATS Global Markets (BATS) has launched its second US options market, EDGX Options, which is based on a customer priority/pro rata allocation model.
The new market launched on 2 November and implemented a phased rollout of symbols, which was completed on 17 November.
The launch of EDGX Options went as expected and the new market handled 668 million orders yesterday. EDGX Options now offers trading in all multiply-listed equity options available for trading in the US.
“We are pleased to report a successful launch and rollout of EDGX Options, which is a testament to the hard work, dedication,
Staff from the Division of Swap Dealer and Intermediary Oversight and the Office of the Chief Economist of the US Commodity Futures Trading Commission (CFTC) have issued a Preliminary Report regarding the swap dealer de minimis exception.
Under CFTC rules, market participants who exceed USD8 billion in gross notional swap dealing activity over a twelve-month period are required to register with the Commission as swap dealers during the phase-in period currently in effect. This phase-in period is scheduled to end, and the threshold will fall, to USD3 billion in December 2017, unless the Commission takes action to amend the de minimis
Hedge funds gained 2.19 per cent in October according to the Barclay Hedge Fund Index compiled by BarclayHedge. The Index rebounded in October after four months of losses, and is now up 0.69 per cent in 2015.
“A global rally in equities fuelled by continued easing in the US, Europe and Japan, together with stabilising economic signs from China helped propel the S&P 500 to a gain of 8.30 per cent in October, its strongest showing since October of 2011 when it gained 10.9 per cent,” says Sol Waksman (pictured), founder and president of BarclayHedge.
Fifteen of Barclay’s 18
Five out of six of IndexIQ’s proprietary IQ Hedge Investable Banchmark Hedge Fund Replication Indexes recorded positive returns in October.
The IQ Hedge Even Drive Index led the way with a return of 2.94 per cent closely followed by The IQ Hedge Long/Short Index (2.76 per cent.) The other three positive performers for the month were the IQ Hedge Global Macro Index (1.54 per cent), the IQ Hedge Multi-Strategy Index (1.08 per cent), and the The IQ Hedge Market Neutral Index (0.28 per cent).
The month’s only loser, with a return of -0.06 per cent, was the IQ Merger
