Managers
Gemini Alternative Funds has launched the Galaxy Plus Fund, a Delaware series limited liability company offering qualified investors access to a select group of commodity trading advisors.
The new platform reflects the continuing growth of Gemini Alt's comprehensive line of investment vehicles designed to meet the evolving needs of advisors and high-net-worth clients.
The Galaxy Plus Fund enables qualified investors to access multiple underlying trading advisors, through a centralized platform that offers a fixed fee structure, frequent liquidity, enhanced transparency, leverage and financing options and risk management. Investors in the Galaxy Plus Fund also benefit from Gemini Alt's operational
The European Energy Exchange (EEX), in cooperation with Cleartrade Exchange (CLTX), is to launch an extension to its Trade Registration services for fertiliser contracts on 6 January 2015.
The product offering includes six derivatives contracts for fertilisers based on Urea, Diammonium Phospate (DAP) and Urea Ammonium Nitrate (UAN) for different delivery points in the United States, Europe and North Africa. All products are cash-settled agreements settled against market indexes, published by Argus Media Limited, Fertecon Limited and CRU International Limited in “The Fertilizer Index*” report. Due to the small contract sizes of 25 tons compared to the standard size of
On 16 December, Euronext’s commodities franchise achieved a record daily volume in milling wheat futures for the second time this month, with 92,531 contracts traded.
Milling wheat futures volume represented over 4.6 million tons on 16 December 2014. The previous record was set on 2 December 2014 with 88,194 contracts or 4.4 million tons traded.
This confirms that Euronext’s milling wheat futures contract has become continental Europe’s most liquid cleared benchmark for agricultural commodities, with current open interest standing at 276,628 contracts or 13.8 million tons.
Olivier Raevel, Head of Commodities at Euronext, says: “We are delighted to see
BMO Global Asset Management has launched the BMO Alternative Strategies Fund, which seeks to provide investors with an additional source of portfolio diversification and return over varying market environments.
This addition to the BMO Fund lineup reflects the firm's commitment to improving investors' investment outcomes. The addition expands the fund roster of the firm to 48.
"With market conditions that can easily fluctuate, investors should pay closer attention to the sources of risk when choosing investment products," says Craig Rawlins, Chief Investment Officer for BMO Global Asset Management. "The range of strategies employed within the BMO Alternative Strategies Fund
Investors renewed their interest in the hedge fund industry in November after two-months of outflows, adding USD5.4 billion to a variety of fund types this past month.
That’s according to the latest Hedge Fund Asset Flows Report from eVestment, which reveals that, with performance gains added in, hedge fund industry AUM was up to USD3.070 trillion in November.
Despite recent performance putting managed futures strategies among the industry’s best performers in 2014, investors have been slow to shift allocation decisions in managed futures strategies’ favour. Both macro and managed futures funds faced redemptions in November of USD4.10 billion and
Bitcoin exchange Netagio has launched additional USD and EUR order books on its already established Bitcoin/GBP exchange, which originally launched in July 2014.
Netagio has taken the strategic decision to expand their offering to US Dollar and Euro trading capabilities in reflection of the overall Bitcoin marketplace, which sees 27% of all Bitcoin trading occurring in USD markets and 2.5% in the EUR markets.
For the first time, retail customers and institutional investors from 114 countries are able to buy and sell Bitcoins for USD and EUR as well as GBP continuously, cost-effectively and securely on Netagio’s peer-to-peer exchange platform.
Man Group is to acquire Silvermine Capital Management, a Connecticut-based leveraged loan manager with USD3.8 billion of funds under management across nine active collateralised loan obligation (“CLO”) structures as of 30 November 2014.
The Acquisition is expected to complete in the first quarter of 2015, subject to certain approvals being obtained.
Silvermine is wholly-owned by the firm’s founders and senior staff members and is based in Stamford, Connecticut. The team of 17 focuses exclusively on managing US levered credit portfolios and, since inception in 2005, has executed 16 separate transactions totalling USD6.7 billion.
Upon completion of the Acquisition,
Gibraltar Financial Services Commission (FSC Gibraltar) and The Swiss Financial Markets Supervisory Authority (FINMA) have just reached a Memorandum of Understanding (MoU) to assist managers of alternative investment funds (AIFs).
The MoU covers mutual assistance in the supervision and oversight of AIF managers, their delegates and depositaries that operate on a cross-border basis in the two jurisdictions.
This development comes in light of the increasing globalisation of the world‘s financial markets and the upsurge in cross-border operations and activities of Managers of alternative investment funds.
Through this MoU, the authorities are expressing their willingness to cooperate in the interest of
361 Capital, a liquid alternative investments firm focused on providing institutional quality mutual funds, has launched the 361 Global Long/Short Equity Fund, sub-advised by Los Angeles-based Analytic Investors.
The Fund uses the same investment strategy as the Analytic Global Long/Short Equity Composite, which commenced December 2009. The Fund also launched with an existing 11-month track record following the reorganisation of the Analytic Global Long/Short Equity Fund, LP, a limited partnership that has been operating since January 2014.
“Long/short equity is the largest category in Morningstar’s classification of alternative mutual funds, but there is currently a shortage of quality funds
Duff & Phelps Corporation is to establish a dedicated financial regulatory and compliance consulting practice through the acquisition of Kinetic Partners. The new practice will be headed up by Kinetic Partners CEO Julian Korek.
In addition to the new Financial Regulatory and Compliance Practice, clients will benefit from enhanced corporate recovery, forensic, valuation, corporate finance and tax expertise across both firms. Kinetic Partners will expand Duff & Phelps’ footprint in New York, London, Dublin and Hong Kong, and introduce new offices in Luxembourg, the Channel Islands, the Cayman Islands and Singapore. The transaction is expected to close in early 2015,
