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Hedge fund redemptions slowed from their December pace in January, but persisted for a fifth straight month, driven by a fourth-quarter stock market plunge and investor concerns over global trade disputes and a possible global economic slowdown.
January’s hedge fund redemptions stood at USD24.1 billion, a marked decrease from December’s USD42.3 billion but still a drop of 0.8 per cent of hedge fund assets, according to the Barclay Fund Flow Indicator, published by BarclayHedge, a division of Backstop Solutions.
Data from the nearly 6,000 funds included in the BarclayHedge database showed the January activity of hedge fund investors worldwide (excluding
Oak Trust Group, Consortia and Kreston IOM, which between them have offices in Guernsey, the Isle of Man, Jersey, Malta and Mauritius – have come together to form Oak, a new private client, corporate services and fund administration group.
The new business, which is headquartered in Guernsey, employs 160 people across the five jurisdictions.
Stuart Platt-Ransom has been appointed the chief executive officer of Oak. Previously chief executive officer of the Legis Group, he has more than 25 years’ experience in the financial services sector.
Oak is backed by the Financial Services Opportunities Investment Fund, a Guernsey-based, International Stock Exchange
The Warsaw Stock Exchange (GPW) is planning to introduce to trading new derivatives to address the needs of market participants. Futures on shares of LPP with a new multiplier of 1 and futures on shares of 11 BIT Studios with a new multiplier of 10 will be introduced to trading.
The objective of the strategic initiative Development of Derivatives is to attract new investors to the derivatives market. GPW in co-operation with market participants supports the listing of single-stock futures with a multiplier of 1 and 10.
“GPW’s strategic initiative promotes further development of the derivative market.” says Izabela
EuroCCP, an equities clearinghouse, has obtained the necessary regulatory approvals to provide post-trade services to the EU-based entities of Aquis Exchange, Cboe Europe Equities and Turquoise.
Working together, Aquis Exchange, Cboe Europe Equities, Turquoise and EuroCCP have developed a facility that will enable customers to continue with their trading and clearing activity post-Brexit. Specifically, it is expected that the EU-based entities of the three trading venues will offer market participants the ability to trade in EU-listed securities following Brexit, while continuing to operate their UK-based trading venues for the trading of UK and Swiss-listed securities. EuroCCP will activate the clearing arrangements
Emerging market equities (EME) suffered heavy losses during 2018, however, they finished the year more strongly in relative terms, sustaining a 7.5 per cent loss of value during Q4, compared with a 13.5 per cent slide for the S&P500 and a 13.4 per cent decline for the MSCI World.
That’s according to one of a pair of new reports from CAMRADATA, a provider of data and analysis for institutional investors.
The second report reveals that emerging market debt was also under pressure for much of 2018, from a strong US dollar and dynamic US economic performance. But the sector
GAMCO Investors has appointed Howard M Green CPA as Senior Vice President of Corporate Development.
Green has more than 25 years of experience in leadership roles as a senior financial executive in wealth management, FinTech and international financial firms, including broker dealers and asset managers. Most recently, he was the Global Controller and Managing Director with Cantor Fitzgerald. Prior to Cantor, he was CFO and Managing Director with Convergex Execution Solutions. Green was also the CFO at Canaccord Genuity (Collins Stewart LLC) and Arnhold & S Bleichroeder, both in the asset management space. Following his graduation from SUNY Albany, Howard
After a dismal performance and significant outflows in 2018, trend following strategies are on the mend, according to the latest Weekly brief from Lyxor’s Cross Asset Research team.
Lyxor writes: “A month ago, we signalled the strategy was experiencing green shoots of recovery (link); so far this month, it has been the best performing one. Based on a sample of 28 strategies, we note that: i) all of them are in positive territory month-to-date (as of March 12th), ii) the best performer is up +3.4 per cent and, iii) the worst performer is up +0.2 per cent. In a nutshell
Union Bancaire Privée, UBP SA (UBP) is launching a new strategy on its alternative UCITS platform. Launched in partnership with New York-based alternative investment manager Global Credit Advisers (GCA), U Access (IRL) GCA Credit Long/Short UCITS is a credit long/short fund.
U Access (IRL) GCA Credit Long/Short UCITS is managed by Steven Hornstein’s (CIO and Co-Founder) GCA. Hornstein is a highly experienced long/short fund manager focusing on corporate credit in the alternatives industry. He spent over 18 years primarily in corporate credit at Donaldson, Lufkin, and Jenrette (DLJ) and as a portfolio manager at two hedge funds before successfully launching
Itiviti, a technology and service provider to financial institutions, has appointed Robert N Mackay as the company’s new Chief Executive Officer, starting 1 April.
The Itiviti Board of Directors has carried out a thorough search process to find a new CEO. Mackay was selected for the position by virtue of his experience as a successful industry executive with a strong track record and customer focus.
Mackay joins Itiviti from Fidelity National Information Services (FIS), the world’s largest provider of banking technology solutions. He brings decades of experience and most recently was Chief Operating Officer for the FIS Cross-Asset Trading & Risk
EBS, a provider of electronic trading platforms and technology services in foreign exchange markets, is to launch a new API streaming service on the EBS Quant Analytics platform, a community-based analytics tool.
The new functionality is expected to launch in the second quarter of 2019 and will stream trade information, market impact and alpha calculations on a trade-by-trade basis to clients. Using benchmark data taken from the entire EBS ecosystem, the Quant Analytics platform provides insights that allow clients to analyse trade flows, optimise execution efficiencies and benchmark their performance against the EBS community, including statistics on averages for
