Managers
McKay Brothers Microwave has launched a private bandwidth service between Slough and Frankfurt with latency of 4.64 milliseconds (ms) for the round trip, the lowest known.
The company is finalising more routes between the UK and Frankfurt as well as a London Metro service.
“Bandwidth subscribers understand the value of access to the fastest network,” says François Tyč, Managing Director of McKay Brothers International. “McKay’s private bandwidth subscribers leverage our proven expertise in engineering, building and operating the industry’s leading microwave networks.”
MBI anticipates adding the Quincy Extreme Data service to this circuit. Subscribers of the QED service will receive
OpenGamma is working with dealers and other OTC derivatives market participants to deliver an open source model to calculate the margin on bilateral derivatives trades.
The solution will implement the final Standard Initial Margin Methodology (SIMM) being developed by ISDA, which will meet the requirements set by the Basel Committee and due to be implemented by December 2015.
Full transparency and open access to source code for margining will for the first time empower industry participants to have an independent and verifiable calculation framework that is not controlled by any one entity.
The source code used for calculation of margin
The performance of healthcare stocks is heading upwards. Right now, this is where investments are pouring in. In an article from Hedgeweek, Abbvie and Actavis, last quarter, lead the healthcare group on the top hedge funds buying list along with Energy and Technology companies.
Investors are always looking for their next big investment theme. And where the market points now is healthcare, technology, and energy.
With the globalization of economies and rapid growth of each industry, crossbreed markets are emerging. According to Richard Kimball Jr., former Managing Director at Morgan Stanley and now co-founder and CEO of HEXL,
The Lyxor Hedge Fund Index was up +1.7% in February. 10 out of 12 Lyxor Indices ended the month in positive territory, led by the Lyxor Special Situation Index (+5.3%), the Lyxor CTA Short Term Index (+3.5%), the Lyxor Convertible Bond Arbitrage Index (+3.1%).
The gradual stabilisation in oil prices, sparks of economic improvements in Eurozone and multiple evidences of central banks efforts all contributed to ease deflation fears. It triggered a broad and rapid rotation in most of the assets and sectors tied to the themes which dominated over the last few months. Recovering risk appetite supported strategies most
SunGard is launching a new industry utility for post-trade futures and cleared over-the-counter (OTC) derivatives operations to help global capital markets firms adapt to new market challenges and post-financial crisis cost pressures.
This industry utility will enable derivatives brokers, including Futures Commission Merchants (FCMs), to achieve greater efficiency, reduce operational risk and total cost of ownership (TCO) by leveraging economies of scale in middle and back office processing and technology. Barclays, an industry leader in the global cleared derivatives industry, will become the utility’s first customer. Barclays will also migrate specific futures and OTC derivative clearing operations and technology processes
As we’ve seen recently, the hedge fund industry is going through hard times and many doubt it will ever return to the glory days when hedge funds were the crème de la crème of Wall Street, says James C Paine (pictured), founding partner at West Realty Advisors & the Head of Acquisitions…
2014 was a challenging year for hedge funds. Stating that hedge funds “don’t merit a continued role” due to complexity and high fees, the largest pension fund in the nation, Calpers announced in September it would exit it’s USD4 billion in hedge fund investments. Comparing the S&P 500
The dissident voice of the outspoken shareholder activist may have grown slightly louder in February, as Event Driven hedge funds led a strong month of hedge fund industry gains, with the HFRI ED: Activist Index posting the strongest monthly gain in two years.
Overall, the HFRI Fund Weighted Composite Index® posted a gain of +1.85 per cent for the month, the best performance for the broad-based composite since February 2014, with gains across all strategies led by Event Driven, Equity Hedge and a recovery in Energy-focused strategies. The HFRI Fund of Hedge Funds Index advanced +1.63 per cent for the
Sandell Asset Management has sponsored the launch of Sandell Re, a Bermuda based reinsurance company that can invest in the firm’s global event driven investment strategy.
The strategy will be managed in a separately managed account with an investment objective substantially similar to Sandell Asset Management’s main hedge funds.
Sandell Re was recently incorporated and licensed as a Class 3A reinsurer by the Bermuda Monetary Authority (BMA). Sandell Re was sponsored by Sandell Asset Management Corp (SAMC) of New York, NY. SAMC, through an investment management agreement, will manage the assets of Sandell Re using the firm’s global event driven
Members of the New York Hedge Fund Roundtable, a non-profit industry organisation committed to promoting ethics and best practices in the alternative investment industry, believe oil prices will remain steady for the rest of 2015.
Questions about oil and energy were posed to members at the Roundtable’s February event, “Global Implications of the Current Energy Environment.”
More than a third of members polled stated that the price of a barrel of crude oil would be in the USD50 – USD60 range by the end of 2015; approximately 22% of members forecast that the per barrel price would be USD40
Asian debt is expected to outperform developed market bonds in 2015, thanks to healthy corporate credit dynamics, supportive global liquidity, stable economic and political environments and investors’ demand for yield.
Joep Huntjens, Head of Asian Debt at ING IM, says: “Although the anticipated rise in US interest rates may present a challenge for Asian bonds, the Federal Reserve is still only likely to remove its zero-rate monetary policy gradually. Furthermore, the impact of this will be outweighed by the spread cushion offered by Asian credit/high yield and the additional yield offered by the region’s local currency bonds.”
ING Investment Management
