Managers
Collins Capital has launched the Collins Long/Short Credit Fund (CCLIX/CLCAX), a mutual fund offering a true long/short credit strategy that dynamically adjusts exposure throughout the credit cycle.
"Traditional bond portfolios may be the most dangerous part of investors' portfolios today and there are few established alternative credit strategies available to mitigate that risk," says Dorothy Weaver, Co-Founder, Chief Executive Officer and Chief Investment Officer of Collins Capital. "We are six years into the credit recovery, yields are compressed, froth is building and the 'beta trade' is over. We believe the environment for a long/short approach to credit is ripe
February average daily volume in VIX futures on the CBOE Futures Exchange was 166,547 contracts, a decrease of 23 per cent from February 2014 and a decrease of 27 per cent from January 2015.
Total volume in VIX futures for February was 3.2 million contracts, down 23 percent from a year ago and down 31 percent from the previous month.
February exchange-wide ADV was 166,660 contracts, a 23-per cent decrease from February 2014 and a 27-per cent decrease from January 2015. Exchange-wide total volume during the month was 3.2 million contracts, a 23-percent decrease from a year ago
Average daily volume (ADV) during February for options contracts on Chicago Board Options Exchange (CBOE) and C2 Options Exchange (C2) and futures contracts on CBOE Futures Exchange (CFE) was 4.7 million contracts, a decrease of 22 per cent from February 2014 and a decline of 13 per cent from January 2015.
Total options and futures volume at CBOE Holdings during February was 88.5 million contracts, a decrease of 22 percent from a year ago and down 17 per cent from January 2015.
CBOE's ADV during the month was 4.2 million contracts, down 23 per cent from February 2014 and a
Apex Fund Services has acquired Pinnacle Fund Administration. Headquartered in Charlotte, North Carolina, Pinnacle operates additional offices in New York and Vancouver.
Fund managers in the US and Canada are seeking to partner with stable providers that can provide a variety of services and outsourcing solutions. Pinnacle’s existing clients will benefit immediately from the acquisition by being able to access Apex’s full range of fund administration services, as well as expand their market reach available through the Apex Global Network of 34 offices worldwide.
Apex will rapidly introduce to the US and Canadian fund services sectors, particularly to middle market
RS Investments has launched two new long/short alternative mutual funds: the RS Focused Opportunity Fund (RSFOX) and the RS Focused Growth Opportunity Fund (RSFGX).
Both funds will be available to retail and institutional investors.
“We’re focused on providing our clients with outcome-oriented solutions that are designed to limit downside risk across unpredictable markets,” says Matthew Scanlan, CEO of RS Investments. “These alternative strategies leverage our demonstrated Growth and Value alpha generation capabilities, across market caps, to construct long/short portfolios that seek to balance alpha and beta.”
The RS Focused Opportunity Fund looks to invest in companies that demonstrate attractive relative
Automated trading specialist Alistair Brown – co-founder of Lime Brokerage – is turning his attention to fixed income with the launch of OpenBondX, an electronic “all-to-all” trading platform for US corporate bonds.
The ATS aims to attract new liquidity from non-traditional providers frustrated by the current antiquated market structure.
Just as Lime revolutionised quantitative and automated trading, Brown’s recipe for OBX incorporates uniquely sophisticated trading and risk management functionality into a transformative business model that sets it apart in a sea of bond-trading platforms.
For example, existing systems have been created by fixed income institutions and traders with domain
The D E Shaw group has launched Arcesium, a new, independently operated technology and service company that will provide asset managers with software and service solutions for their post-trade activities.
Arcesium’s fully hosted technology platform offers asset managers sophisticated post-trade support for the various activities of the trade lifecycle—including security master maintenance, trade capture, asset servicing, treasury functions, pricing-related services, and portfolio data warehousing – in a highly automated and secure manner. Arcesium’s service offering complements its technology platform with robust, exception-driven processes that effectively balance efficiency and control. The platform, which was refined by the D E Shaw group
TOBAM, the Paris-based asset manager, has secured USD2.1 billion in net new inflows across its Anti-Benchmark strategies, since 1 December, 2014.
In all, the company has recorded total net inflows of USD2.6 billion since the start of 2014, which contributed to a 56% increase in the firm’s assets under management in that time. TOBAM has now crossed the USD8 billion milestone of assets under management at USD8.7 billion from USD2.79 billion at the end of 2012.
Since the start of 2014, allocations have come from over 20 international institutional investors spread across Europe, North America, Asia, and most recently, the
Sub-Saharan Africa is a rapidly growing investment theme and its dynamics will increasingly impact on both Developed and other Emerging Markets. The region is particularly interesting to investors on account of both the demographics, the rate of change of the markets and the low correlation with Developed and Emerging Markets.
The May 2000 cover of The Economist carried a picture of Africa titled 'The Hopelesss Continent'. In March 2013 that changed to 'Africa Rising' with a feature concluding that the reforms and investment would soon bear fruit. The time is now as the investment is increasingly coming from International investors
As part of its ongoing effort to foster sustainable investing across the Group, GAM Holding AG has signed the United Nations-supported Principles for Responsible Investment (PRI).
The PRI is an international global network of asset managers, owners and service providers working together to put responsible investment into practice. The principles, which are voluntary, aim to provide a framework for integrating environmental, social and corporate governance (ESG) considerations into investment decision-making and ownership practices.
In order to become better aligned with the PRI guidelines, the Group has committed to undertake a series of steps in 2015. These include developing global
