Managers
Following a mixed first half of the year, CTAs returned to positive performance in July, according to the indices calculated by Societe Generale Prime Services. The Newedge CTA Index posted +3.01 per cent during the month of July, returning to positive year-to-date performance (+0.64 per cent YTD).
Trend followers lead CTA returns in 2015 with the Newedge Trend Index posting a marked increase of +3.84 per cent in July and a performance of +1.26 per cent so far this year.
The Short term Trades Index also showed positive returns, up +0,55 per cent in July. The Newedge Trend Indicator
CBOE Holdings has finalised the acquisition of the market data services and trading analytics platforms of Livevol, a provider of equity and index options technology and market data services to professional and retail traders, effective 7 August.
Financial terms of the deal were not disclosed.
CBOE Holdings' acquisition includes the Livevol Core, Livevol Pro and Livevol X trading analytics platforms, as well as Livevol Enterprise and other market data solutions products. Livevol Securities, Inc., the company's broker-dealer unit, was not part of the deal.
The deal, which was announced in June, was approved by the boards of directors
BATS Global Markets (BATS) today reported July data and highlights including record market share of 10.8 per cent for its US options business, surpassing the previous record of 9.9 per cent set in April 2015.
In US options, BATS set a one-day record of 2.47 million contracts traded on July 24 and also set a one-day market share record of 11.8 per cent on 21 July. In July, BATS Options recorded eight of its top ten days on record in terms of market share.
In US equities, BATS reported market share of 21.0 per cent in July, up from 20.3
Macro Systematic Diversified hedge funds experienced a powerful recovery in July, reversing sharp losses from the prior month with gains across commodity, currency and equity positions, according to data released today by HFR.
Offsetting these gains, hedge funds with exposure to China, Energy and Discretionary Commodity posted losses for the month, with these divergent performance groups resulting in overall mixed industry performance for July. The HFRI Fund Weighted Composite Index posted a narrow gain of +0.01 per cent for the month, bringing YTD performance through July to +2.5 per cent. The industry’s largest funds outperformed small and mid-sized funds in
We take a detailed look at the hedge fund industry in Singapore, including investors in hedge funds, the number of hedge fund launches each year, fund terms and conditions and performance.
Read the full factsheet here, featuring charts and tables showcasing the latest Preqin data on Singapore-based hedge funds.
AcadiaSoft has completed the successful launch of its MarginSphere Xpress platform, an email messaging service which allows clients to leverage their investment in the firm’s industry-leading MarginSphere electronic messaging service for OTC derivatives by extending communications to counterparties who are currently not connected to the service.
Xpress builds upon and enhances AcadiaSoft’s MarginSphere 2 platform launched in June.
By bringing email-based counterparts on to the service, MarginSphere 2 clients can automate their entire margin call process on AcadiaSoft’s standard, secure and auditable solution. This provides clients with substantial cost savings and allows them to fully capitalize on AcadiaSoft’s
The Credit Suisse Liquid Alternative Beta Index (CSLAB), which aims to reflect the performance of the overall hedge fund industry, finished up 1.38% in July.
The Long/Short Equity strategy was the strongest performer for the month and year-to-date, finishing up 4.65% in July and 5.61% year-to-date. Although the Event Driven and Merger Arbitrage strategies were down in July, all strategies posted positive performance year-to-date.
The LAB indices are calculated by Alternative Liquid Trading Strategies (ALTS), a specialised investment boutique within Credit Suisse Asset Management. The ALTS team is comprised of investment professionals with extensive experience in research, investment strategy development,
Institutional asset owners recorded a median gain of 0.2 per cent in Q2, according to Northern Trust Universe data. This marks a drop from the 4 per cent median gain in the second quarter last year and 2.3 per cent median gain in the previous quarter.
The Northern Trust Universe tracks the performance of about 300 large US institutional investment plans, with a combined asset value of approximately USD899 billion, which subscribe to performance measurement services as part of Northern Trust’s asset servicing offerings.
There was a noteworthy divergence of returns among plan types in the second quarter of 2015.
Kintore, the new investment system based on gold from Insch has seen a return of 11.5 per cent in its first month of trading client capital.
Insch Kintore is entirely algorithmic and the company says that ‘for reasons of performance and topicality, we expect this coverage to intensify’.
The company also points out that during its first month most gold funds, ETFs and miners suffered heavy losses.
Insch Kintore trades gold as a base ‘currency’ against six other currencies (USD, AUD, JPY, EUR, CHF and GBP).
The firm writes: “The idea of treating a commodity as
American Capital is to launch American Capital CLO Fund I, LP, a new USD450 million fund focused on investing in equity tranches of collateralised loan obligations (CLOs).
Closing of the Fund is expected to occur within 90 days and is subject to standard conditions. The transaction further expands American Capital's asset management business and will increase American Capital's third-party earning assets under management by USD450 million, or 3 per cent.
The Fund, which will be comprised entirely of third party investors, will purchase USD300 million of American Capital's existing CLO equity portfolio at its fair value as of 30 June,
