Managers
Hedge funds posted gains to conclude the volatile month of December, led by contributions from CTAs, Technology and Shareholder Activist strategies, according to HFR.
The broad-based HFRI Fund Weighted Composite Index gained +0.3 per cent in December, navigating a sharp decline in Oil, Russian- and Euro-centric macro/currency uncertainty and equity volatility across both Emerging and Developed markets. The HFRI Fund Weighted Composite Index advanced +3.6 per cent for 2014, below the long-term average hedge fund industry performance of +10.7 percent, as hedge fund managers maintained conservative exposures with equity markets near record highs.
Reversing underperformance in prior years, hedge fund
Man Group has selected Thomson Reuters Accelus Org ID (Accelus Org ID) KYC Managed Service to streamline their Know Your Customer (KYC) process.
With the selection by Man Group it takes the total records managed so far by the industry’s first and only KYC managed service provider to over 12,000. The agreement also demonstrates that clients trust Thomson Reuters to develop innovative solutions for the market that reduce the financial burden of regulatory compliance while accelerating their ability to conduct global business.
“We needed a proven service provider that could deliver a KYC solution that included client on-boarding as
The trading volume at Taiwan Futures Exchange (TAIFEX) ended 2014 at a record high of 202,411,093 contracts, passing the 200 million contracts benchmark for the first time.
Comparing to 2013, total trading volume and average daily trading volume (ADTV: 816,174 contracts) in 2014 posted growths of 32.1% and 31.04%, respectively. In terms of product types, total trading volume of futures in 2014 increased 15.37% from 2013, while for options it was an increase of 38.71%. Among the four major products – TAIEX Options (TXO), TAIEX Futures (TX), Mini-TAIEX Futures (MTX) and Single Stock Futures, Single Stock Futures showed the greatest
Hedge funds ended a tumultuous and volatile 2014 with an aggregate performance of +2.48%, with December and Q4 hedge fund performance nearly flat at -0.15% and +0.03% respectively.
That’s according to according to eVestment’s December, Q4 and Year End 2014 Hedge Fund Performance Report, which reveals that by comparison, in 2013 aggregate hedge fund performance was +10.19%.
Managed futures funds ended 2014 as the best performing major hedge fund strategy, returning +8.63% in 2014. The last year managed futures produced industry leading performance was 2008. The largest managed futures funds performed far better than their peers in 2014, returning an
Federated Investors has launched the Federated Managed Volatility Fund, a liquid alternative product that seeks to provide total return while managing the fund's annualised volatility.
The fund joins Federated's USD2 billion alternative and objective-based product line, which includes Federated Absolute Return Fund, Federated Managed Risk Fund and Federated Prudent Bear Fund.
Federated Managed Volatility Fund is managed by a team of portfolio managers led by Michael T Dieschbourg, who heads Federated's alternatives/managed-risk investment group. The new product follows the growth of the USD650 million Federated Managed Volatility Fund II, a variable annuity product which has been sold through insurance
The London Metal Exchange (LME) has launched a new education offering for market participants as it focuses on greater market engagement to expand the business globally.
“The LME’s training programme is instrumental in driving forward the Exchange's market engagement and outreach strategy,” says Paul MacGregor, LME Head of Sales. “Enabling a greater understanding of the LME and how it operates will help us to grow business in new markets.”
The LME’s three-day introductory course – an essential tool in helping market participants understand how the Exchange operates – will now be run by specialist education provider Euromoney Training. The LME
Calamos Investments has launched two new mutual funds, the Calamos Global Convertible Fund and the Calamos Hedged Equity Income Fund as of 31 December, 2014.
"These new funds are a logical extension of our product suite, leveraging the core competencies of the firm. We have managed global convertible strategies for institutional clients for 20 years, and have managed US convertibles for more than 35 years. Additionally, we were an early leader in the liquid alternatives space launching one of the first liquid alternatives mutual funds in the early 1990s," says John Calamos, Sr, Chief Executive Officer and Global Co-Chief Investment
December was a volatile month across asset classes, with a sell-off in risky assets occurring mid-month before some losses were recovered by month-end, according to GAM.
The MSCI World index ended the month down 1.6%, while the Barclays Global Aggregate Bond index declined 0.7%. Credit, as measured by the iBoxx Liquid High Yield index, was down over 4% through mid-December, before rallying to end the month at -1.0%. This volatility across asset classes proved challenging for active managers. Hedge funds ended the month down 0.8%, as measured by the HFRX Global Hedge Fund index. Global macro was the only positively
Hollis Park Partners, a global structured products investment management firm, has formed a strategic partnership with alternative investment manager GCM Grosvenor.
Hollis Park, which will invest in a diverse range of structured products around the globe, launches with significant investment capital from GCM Grosvenor and other institutional investors.
"We believe today's environment presents attractive and rapidly changing opportunities across a wide spectrum of structured products including Agency and Non-Agency mortgage-backed securities, CLOs, CMBS and asset-backed securities, and we will seek to dynamically allocate capital across a number of strategies," says Troy Dixon, Chief Investment Officer and Managing Partner of Hollis
Aeon Funds, a family of alternative investment funds, has launched the Aeon Fiber Opportunity Fund LP.
The fund’s structure complements the Aeon Multi Opportunity Fund which focuses on Pre-IPO investments in the most notable VC backed technology companies in the world today.
Aeon Funds has expanded its management team and commenced fundraising for this exciting new addition to the Aeon family. The Aeon Fiber Opportunity Fund will initially invest in the installation of military grade fibre-optic cable in gated communities throughout the US Southeast. As a significant validator of the market opportunity, Aeon management estimates there are approximately 35,000 communities
