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The alternative UCITS environment remains a compelling option for institutional investors but there are signs that the strong annual AUM growth seen over the last five or six years has slowed in 2018. Investors have decided to exercise caution in 2018, holding back on allocations while they wait to see how the markets will fare. Combine this with poor performance, leading to natural compression of AUM, and the alternative UCITS sector has failed to ignite this year.
Kepler Partners publishes a quarterly review on the alternative UCITS market. In last year’s Q4 quarterly report, Kepler Partners placed total industry AUM
Following more than five and a half years at the helm, Dr Dermot F Smurfit has decided to step down from the board of ML Capital, effective 31 December 2018, at time he feels the company is set to embark in its next phase of growth.
During his tenure at the company, Smurfit has driven the development of the senior leadership team, has helped cultivate an enhanced corporate governance culture and also played a significant role in promoting the company globally to his network.
Smurfit says: “I have been Chairman of ML Capital since April 2013 – during that
BCS Global Markets (BCS GM), a securities broker with a large market share on the Moscow Exchange, has appointed Edward Shek as Head of Equity Trading. He will report to Co-Heads of Global Equities – Luis Saenz, based in London, and Oleg Achkasov in Moscow.
Shek brings more than 20 years of cash equity trading and a background of leading trading departments. He was previously Head of CEEMEA Cash Trading at JP Morgan following its acquisition of Cazenove, where he had been Head of Pan-European Financials Trading, holding responsibility for portfolio management and market making throughout the financial crisis. Whilst
The US Commodity Futures Trading Commission (CFTC) has issued permission to Eurex Clearing AG (Eurex) to begin clearing swap transactions on behalf of customers of futures commission merchants (FCMs), providing US customers with another option for clearing their swap transactions.
CFTC staff permission was issued in the form of three letters from the Division of Clearing and Risk and the Division of Swap Dealer and Intermediary Oversight.
The first letter, issued by the Division of Clearing and Risk, confirms that Eurex has demonstrated compliance with the straight-through-processing requirements of Regulation 39.12(b)(7) and approves certain Eurex rules. Compliance with
Hedge fund redemptions slowed in October after spiking to a five-year high the month before, according to the Barclay Fund Flow Indicator, published by BarclayHedge.
Data from more than 5,000 hedge funds in the BarclayHedge database revealed that the hedge fund industry (excluding CTAs) redeemed an estimated USD20.7 billion (-0.7 per cent of assets) in October, a month after outflows surged to a five-year high of USD39.1 billion (-1.3 per cent of assets).
Industry assets sank to an eight-month low of USD2.97 trillion. Hedge fund investors’ scepticism waned in October even as the market climate darkened around the globe,
Larry Thompson (pictured), who served in a variety of senior-level roles at The Depository Trust & Clearing Corporation (DTCC), including General Counsel and, most recently, Vice Chairman of the firm, will retire at the end of this year after more than three decades at the company.
“Larry has been a trusted colleague, mentor and partner over the years, playing a significant role in many of our organisation’s most important endeavours and helping to shape the company we are today,” says Michael Bodson, DTCC President and CEO. “Larry’s experience and wisdom have been invaluable to us as a management team, but
Financial introductory platform Hedge Connection plans to launch a series of virtual investor-introduction events, beginning 21 January 2019.
The 2019 Fintroz Forum Series is designed around Hedge Connection’s patented Capital Club investor-introduction service and will connect allocators to managers of various alternative investment strategies online in a targeted and efficient manner.
The inaugural event, to be held 21-28 January 2019, will be supported by The Gemini Companies (Gemini). Thirty alternative investment managers from Gemini’s Galaxy Plus platform will be promoted and presented to participating allocators. During the event, connection requests will be one-way, with the control in the
EEX Group is looking to further expand its services in Asia with the aim of providing a cleared derivatives offering for the Japanese electricity wholesale market.
The Ministry of Economy, Trade and Industry (METI) in Japan has been leading a multi-year effort regarding market deregulation and development. To determine how to best serve the market, EEX Group will be seeking to engage with market participants and other stakeholders on the best way forward.
EEX Group has a proven track record in power trading, recording the largest power trading volume worldwide in 2017. Additionally in 2018, the Group has
The Global Fund Media newsletter team is taking its customary year-end break, and will resume business as usual on Monday 7 January. We will continue to update our websites with the most important industry news during the holiday period.
We wish all our readers the very best for the festive season, and we look forward to working with all of you again in 2019.
Northern Trust Hedge Fund Services (NTHFS) has launched Rec Dashboard, an enhanced reporting tool that improves efficiency in account reconciliation.
The dashboard provides a comprehensive, real-time view of breaks and reconciliations in trade activity between NTHFS clients and other institutions.
As fund administrator, NTHFS reconciles client books and records with external custodians, futures clearing members, prime brokers and swap counterparties. Rec Dashboard users can create custom defined data views, monitor reconciliation completion and integrate break resolution into their own processes via the dashboard.
“As the importance of transparency continues to grow for hedge funds, we have enhanced our
