Managers
An exemption which will enable Jersey-regulated fund managers to be appointed in relation to managed accounts has now been introduced.
According to law firm Ogier, this will enable hedge fund managers that are already regulated under the Financial Services (Jersey) Law (FS Law) in Jersey to carry out fund services business (FSB) to also service qualifying segregated managed accounts (QSMAs) without the need to seek additional regulation for the conduct of investment business under the FS Law.
This responds to a continuing growth in the number of Jersey-based hedge fund managers. As well as simplifying the regulatory position this
Euronext is to launch a dairy derivatives complex in spring 2015, covering the three key dairy products currently traded in Europe and internationally: butter; skimmed milk powder; and whey powder.
The full suite of futures and options will allow the European dairy community to hedge its exposure to price fluctuations in this volatile market, just as the milk quotas expire in the European market. This launch is subject to relevant regulatory review.
The European market is the world leader in dairy production and the second largest exporter of dairy products worldwide. On 31 March 2015, milk quotas, originally initiated
The London Metal Exchange (LME) has approved China Merchants Securities (UK) Limited (CMS) for category 2, associate broker clearing membership.
CMS has also been approved as a member of LME Clear, the LME’s new clearing house.
“We welcome CMS to the LME and look forward to extending our user base further in the Asia region,” says Garry Jones, chief executive of the LME.
“LME Clear is delighted to approve CMS as a new member as we further strengthen our presence in the global clearing space,” says Trevor Spanner, LME Clear chief executive.
CMS is the LME’s third Chinese-owned clearing member.
Signia Wealth has reached a major growth milestone, with its hedge fund proposition now passing GBP500 million in Assets under Management (AUM).
The entrepreneurially led boutique wealth manager has been increasing hedge fund expertise, most notably with the appointment of Michael Rosenthal in March 2014, to offer clients an alternative to the diminishing returns of fixed income. This GBP500 million milestone illustrates the firm’s dedication to continually refine its investment strategy to meet client demand.
Since Mr Rosenthal’s appointment, the majority of clients at Signia Wealth have increased their exposure to hedge funds by around 10%, with the focus
Hedge fund capital invested in Emerging Markets (EM) posted a narrow gain for the third quarter as EM, Currency and Commodity Volatility all increased driven by geopolitical and macroeconomic developments.
Total hedge fund capital invested in EM hedge funds increased to USD185.15 billion (1.13 trillion RMB, 475 billion Brazilian Real, 8.58 trillion Russian Rouble, 694 billion Riyal, 11.5 trillion Indian Rupee), according to the latest HFR Emerging Markets Hedge Fund Industry Report, released today by HFR, the established global leader in the indexation, research and analysis of the global hedge fund industry. Despite the small increase of USD700 million from
The introduction of the AIFMD has fuelled strong growth in European fund domiciles, with the number of alternative investment funds increasing by 10% since 2010, and assets under management increasing by 13%.
That’s according to a report published by the Association of the Luxembourg Fund Industry, carried out by Oliver Wyman.
“The introduction of the AIFMD increased the attractiveness of European onshore domiciles,” comments Marc Saluzzi, Chairman of ALFI. “Whilst many were against it when it was first introduced because of the fear of high compliance costs and additional complexity, this piece of regulation has brought significant benefits, allowing
Total hedge funds assets were virtually unchanged in October, decreasing 0.0002%, to USD3.020 trillion, according to eVestment’s latest Hedge Fund Asset Flows Monthly Summary Report.
Performance gains among many large funds accounted for an asset increase, while redemptions outpaced new allocations for an outflow of USD2.9 billion during the month.
The USD2.9 billion outflow in October was the second consecutive month in which investor flows were negative. The industry has not had two consecutive months of net outflow since mid-2012, in the wake of volatility from the European sovereign crisis.
Investor sentiment towards equity strategies was negative for the second
Ahead of OPEC’s next meeting on Thursday 27 November, Graham Martin, Managing Director at Optima Investment Management (Europe) provides his view on the impact discussions around the levels of oil production may have on investors…
It's likely the market is currently pricing in the nervous expectation that OPEC won't agree to cut production. If OPEC announced a co-ordinated cut of 500,000 barrels per day or more we would expect a rally in oil and oil related equities.
While core-OPEC will undoubtedly demand some output reductions from members such as Angola, Nigeria, Venezuela, Qatar, and Algeria, the main cuts will have
Catalyst Funds, an alternative-focused mutual fund company, has launched the Catalyst/Stone Beach Income Opportunity Fund (IOXAX), a conversion of the Stone Beach Special Opportunity Fund, a hedge fund.
Now available as a mutual fund product, the fund utilises the same strategy as its hedge fund predecessor and is Catalyst’s third conversion of this kind.
“The Catalyst/Stone Beach Income Opportunity Fund’s hedge fund predecessor offered a proven strategy that we are proud to now bring to mutual fund investors,” says Jerry Szilagyi, CEO of Catalyst Funds. “The addition of IOXAX to Catalyst’s product offerings continues our tradition of providing investors
Continued divergence in economic performance and monetary policy is the prevailing theme investors will have to grapple with in the year ahead, according to JP Morgan Asset Management’s Global Market Insights team.
New research “Worldview: Central banks, the dollar and investing in 2015,” argues that global central bank actions will be the primary drivers of market returns. Investors should expect volatility but a modest preference for stocks over bonds makes sense as long as policy makers continue to pursue stronger growth and higher inflation than the world economy is currently delivering.
“Both the US Federal Reserve and the Bank
