Managers
Convergex, an agency-focused global brokerage and trading related services provider, has launched a new Capital Commitment Crossing Algorithm for options facilitation trading.
This innovative algorithm gives liquidity providers a new level of control over how they manage their own exposure as they facilitate block trades on behalf of their options customers.
Liquidity providers can use the Capital Commitment Algorithm to customise their interaction with the marketplace when facilitating customers’ options orders, taking into account factors such as the price committed to such customers and the liquidity providers’ existing positions or capital constraints.
“We’re pleased to be able to
Advent Capital Management UK has launched the Advent Global Convertible Fund, a UCITS-regulated umbrella fund domiciled in Ireland.
The fund seeks a positive total return by investing primarily in convertible bonds and convertible preferred securities in any geographic location.
The Advent Global Convertible Fund is the second UCITS launch by Advent this year. In April, the firm debuted the Advent Global Absolute Return Fund, an alternative investment UCITS fund that uses multiple investment strategies, such as relative value and event-driven investments. Advent Capital Management, LLC, which manages approximately USD8.7 billion as of June 30, 2015, has been managing UCITS
CME Group, the world's leading and most diverse derivatives marketplace, today announced that
July 2015 volume at CME Group averaged 12.8 million contracts per day, up 5 per cent from July 2014. Total volume was more than 282 million contracts, of which 87 per cent was traded electronically.
Options volume in July averaged 2.9 million contracts per day, up 22 per cent versus July 2014, with electronic options growing 36 per cent over the same period.
CME Group interest rate volume averaged 5.9 million contracts per day in July 2015, down 5 per cent compared with July 2014. Treasury
London is the second largest centre for hedge funds globally, behind New York City. Here, we take a detailed look at the hedge fund industry in London, including London-based investors’ plans for the next 12 months, the number of hedge fund launches each year, fund terms and conditions, the largest hedge fund managers and performance.
Read the full factsheet here, featuring charts and tables showcasing the latest Preqin data on London-based hedge funds.
Portcullis Asset Management Limited is launching as a Malta based Alternative Investment Fund Manager (AIFM) to assist alternative investment funds to comply with the Alternative Investment Fund Management Directive (AIFMD).
Portcullis has appointed David Barry to the board and as its new CEO. Barry joins Portcullis from TMF Custom House Group where he was Head of Sales and Business Development and part of the Executive Committee. Barry has over fifteen years experience across the EU and US funds industry. He is a Fellow of the Association of Chartered and Certified Accountants.
As a regulated AIFM, Portcullis will assume responsibility for
Bank of America Merrill Lynch (BofAML) will be a participant of the GMEX Exchange when the exchange launches on 7 August 2015. BofAML will offer execution and clearing services, for the GMEX products, to its client base.
The initial products traded will be GMEX’s pioneering Interest Rate Swap Constant Maturity Futures (IRS CMF) contracts, backed by Eurex, which bring the benefits of futures trading closer to OTC products, while delivering the efficiencies of centralised order execution, standardised central clearing and hedging of interest rate exposure.
Bank of America Merrill Lynch will provide clearing, execution and settlement services for the IRS
July average daily transaction value on the Euronext cash order book stood at EUR7,911 million (+38 per cent compared with July 2014). Activity on ETFs remained dynamic with an average daily transaction value at EUR513 million, up 81 per cent on July 2014.
In July, the average daily volume on equity index derivatives was slightly down at 208,718 contracts (-8 per cent compared with July 2014), and the average daily volume on individual equity derivatives was down at 215,648 contracts (-21 per cent compared with July 2014). The exchange’s effort to develop the retail activity in Amsterdam paid off again
Aberdeen Asset Management is to acquire Arden Asset Management (Arden), a provider of hedge fund solutions with offices in New York and London.
This acquisition is in line with Aberdeen’s strategy to strengthen and grow its global alternatives platform encompassing multi-manager research and selection across hedge funds, private equity, and property along with direct investments in infrastructure projects. This means that Aberdeen can offer its clients access and exposure to high quality alternative investments across liquid strategies, private markets and real assets.
Arden is a hedge fund specialist that creates and manages hedge fund portfolios across the liquidity spectrum using
Three of Market Vectors Index Solutions (MVIS) six investable Long/Short Equity Indices recorded positive performance in July.
Each index is constructed using transparent, liquid ETFs and US Treasury securities to produce hedge fund-style returns without hedge fund pricing, opaqueness and redemption restrictions.
The Market Vectors Western Europe Long/Short Equity Index led the way wiyh a return of 1.80 per cent followed by the Market Vectors Global Long/Short Equity Index (1.61 per cent) and the Market Vectors Emerging Markets Long/Short Equity Index
(0.26 per cent).
The month’s biggest loser was the Market Vectors Asia (Developed) Long/Short Equity Index which was down
The new DC Charge cap on default funds may eventually drive trustees to source products based on cost rather than the value that a well-sourced selection of investment solutions should deliver for their members.
That’s the concern of Aurum, a specialist alternative investment manager focused on hedge fund solutions.
Kevin Gundle (pictured), CEO of Aurum Funds Limited, says: "The charge cap restricts the ability of investment managers to provide innovative solutions that provide greater value to pension fund members. This industry could be in real danger of being left with a series of conventional, undifferentiated, low-cost products in a race
