Managers
Global Markets Exchange Group Limited (GMEX) has secured approval from the Commodity Futures Trading Commission (CFTC) to offer its Interest Rate Swap Constant Maturity Futures (IRS CMF) to US-based firms by directly accessing GMEX Exchange.
Trade confirmation and clearing of the GMEX IRS CMF takes place at Eurex, the derivatives marketplace of Deutsche Börse. Transactions will be processed via the Eurex Trade Entry Service, which has been made available to US based exchange participants recently.
Hirander Misra (pictured), CEO and Co-Founder of GMEX Exchange, says: “With the CFTC approval, we can further expand by offering our IRS CMF to
Acuitas Investments has launched a long/short equity strategy aimed at delivering high absolute returns with low correlation to equity markets by building on the firm’s expertise in researching microcap and small cap managers.
The firm’s investment philosophy centres on exploiting the return opportunities available in the least efficient areas of the equity markets.
“Underfollowed areas of the equity markets such as microcap offer opportunities for skilled investors to generate an information advantage and deliver strong returns. This is the basis for Acuitas’s exclusive focus on microcap and small cap markets globally. Implementing in a long/short strategy enhances managers’ ability
Weighted average maturities remain tight, especially within US dollar money market funds (MMFs), says Moody’s and the firm expects managers to continue to maintain shorter portfolio WAMs as the likelihood of a December rate hike in the US increases.
Sterling MMFs' assets under management (AUM) hit their second lowest level in twelve months in the third quarter of 2015, registering a fall of 3.8 per cent to GBP93.1 billion. US prime funds recorded a 4 per cent growth in AUM, on the other hand, driven by a reduced appetite for risky assets; euro-denominated funds also experienced AUM growth, albeit smaller,
Aventicum Alternative Equities, an investment boutique focusing on European Long/Short strategies and part of Aventicum Capital Management has launched its maiden UCITS-compliant fund.
The Aventicum UCITS – Absolute Return European Equity Fund offers international investors the opportunity to access Aventicum Alternative Equities’ existing flagship equity strategy through a UCITS ICAV onshore structure. Focusing on being invested in – rather than exposed to – equities, the strategy will adopt a fundamental bottom up approach to seek non-consensus opportunities predominantly in large- and mid-cap European equities.
Domiciled in Ireland with daily liquidity, the Fund is targeting a 10-15 per cent annualised
Chicago Board Options Exchange (CBOE) is collaborating with LiquidityBook, a financial services technology company that specialises in multi-platform messaging, to expand connectivity to its CBOE PULSe trader workstation.
CBOE’s PULSe trader workstation (PULSe) is an execution management system that allows traders to simultaneously and electronically access the markets via Direct Market Access (DMA), advanced routing and high-touch broker relationships. The PULSe Execution Management System (EMS) offers connectivity to CBOE, C2 Options Exchange (C2) and CBOE Futures Exchange (CFE), as well as other equity and options exchanges in one low-cost platform. Value-add features include rule 15c3-5 risk controls, 12 leg complex
Paul Kirkby, and his experienced investment team, are joining Martin Currie in a deal that also sees the firm acquire – subject to regulatory approval – the existing, Cayman domiciled, USD167 million RIT PK Japan Fund.
Once the necessary approvals and consents are received, Kirkby will lead the Martin Currie Japan long/short investment proposition and is joined by his current co-manager Paul Smith plus incumbent manager, Claire Marwick.
Martin Currie has a long pedigree in Japanese equities and over 15 years’ experience in Japan long/short equities. In addition, Kirkby has a proven performance record stretching over a 30 year
Wunder Capital has launched its second investment fund, The Wunder Bridge Fundm which is aimed at accredited individual and institutional investors looking for a targeted 11 per cent rate of return with the backing of Wunder’s financing and implementation model.
The solar energy market has grown more than 1,000 per cent in the past four years. The Solar Energy Industries Association reports an installed capacity of more than 22.7 gigawatts, enough to power more than 4.6 million American homes.
Wunder offers a way for accredited investors to tap into this growth. The Wunder Income Fund, launched earlier this year,
Sankaty Advisors, the credit affiliate of hedge fund firm Bain Capital, is to acquires the management contracts for four portfolios of collateralised loan obligations (CLOs) totalling USD1.6 billion of assets from Regiment Capital Advisors.
Financial terms of the deal have not been disclosed.
The management contracts to be transferred are for Cavalry CLO II, Ltd, Cavalry CLO III, Ltd, Cavalry CLO IV, Ltd, and Cavalry CLO V, Ltd, all of which contain underlying assets across a diverse array of industries. Completion of the transaction is expected by the end of 2015 upon receipt of certain necessary consents.
Sankaty
The Wilshire Liquid Alternative Index, which provides a representative baseline for how the broad liquid alternative investment category performs, returned 1.09 per cent in October.
The Wilshire Liquid Alternative Multi-Strategy Index, which includes both single and multi-manager funds, ended the month up 1.33 per cent. Following a 10 per cent loss over the last two months, the Wilshire 5000 Total Market IndexSM rebounded sharply in October, posting an 8 per cent gain. After a weaker than expected September jobs report was released at the beginning of the month, equities rallied to have their best month in six years.
The
After posting negative returns throughout Q3, the Preqin All-Strategies Hedge Fund Benchmark returned to positive territory in the first month of the final quarter of the year with a gain of 2.07 per cent in October.
All top-level strategies and geographic regions posted positive performance, with equity strategies returning 3.12 per cent, and North American funds returning 2.53 per cent. Nearly all strategies and geographies are now showing positive performance across year-to-date and 12-month horizons.
Preqin’s funds of hedge funds benchmark was positive in Q3 too with a return of 1.15 per cent for October (-1.41 per cent in
