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Business information provider IHS Markit has launched new onshore Chinese bond market indices in alliance with ChinaBond Pricing Center Co (CBPC), a subsidiary of China Central Depository and Clearing Co (CCDC), a pricing provider for the world’s third largest fixed income market.
The new iBoxx ChinaBond indices are the first international, independent fixed income benchmarks using CBPC pricing data, the gold standard in Chinese domestic bond valuations. As the administrator of the indices, IHS Markit will apply its globally-recognised methodologies and maintain them in compliance with IOSCO and European Benchmark Regulation (BMR) standards.
“Partnering with CBPC allows us to
Man Group has reported funds under management (FUM) of USD114.1 billion at 30 September 2018, a slight increase on the USD113.7 billion under management at 30 June 2018.
Net inflows in the quarter totalled USD0.4 billion, notwithstanding the previously announced USD2.2 billion infrastructure mandate redemption. The company saw a positive investment movement of USD0.9 billion in the quarter, but negative FX movements of USD0.7 billion over the same period, plus other negative movements of USD0.2 billion.
Markel Corporation (Markel) meanwhile, has entered into a definitive agreement to acquire Nephila Holdings Limited (Nephila), with the sale of Man Group’s 18.5
The Wilshire Liquid Alternative Index, which provides a representative baseline for how the broad liquid alternative investment category performs, returned 0.13 per cent in September, outperforming the -0.69 per cent monthly return of the HFRX Global Hedge Fund Index.
The Wilshire Liquid Alternative Index family is a joint offering between Wilshire Funds Management, the global investment management business unit of Wilshire Associates Incorporated, and Wilshire Analytics, creator of the Wilshire 5000 Total Market Index.
“Despite continued geopolitical risks and trade disputes, equity and credit markets rallied in the third quarter. Economic fundamentals remained solid, particularly in US markets, which
Demand Derivatives Corp, a creator of derivative instruments, is partnering with GMEX Group (GMEX), a provider of exchange and post-trade business technology solutions, to launch a US-regulated futures exchange, RealDemand Board of Trade (RealBOT), and clearing house, RealDemand Clearing (RealClear).
To further align interests and share in the success of the project, GMEX will take a minority equity stake in Demand Derivatives.
Slated to open in 2019, subject to CFTC and SEC approval, RealBOT and RealClear will create unique and complete solutions to problems currently affecting the futures industry. Specifically, the exchange’s products will seek to eliminate systemic risk,
Trium Capital, a London-based alternative investment specialist, has hired former Eclectica Asset Management portfolio manager, Thomas Roderick.
Roderick has joined Trium to manage an emerging markets-focussed discretionary macro portfolio.
Working alongside Eclectica founder Hugh Hendry for five years, Roderick managed a global macro portfolio at the group, with a particular focus on global FX, fixed income and equity markets. Prior to this, Roderick held a number of positions at Brevan Howard.
Shenan Dhanani, co-head of Trium Capital, says: “At Trium we have cultivated a truly collaborative environment for portfolio managers, allowing managers to manage strategies that have demonstrated
Broadridge Financial Solutions has appointed Tom Carey as President of its Global Technology and Operations (GTO) segment.
Previously President of Broadridge International, Carey reports directly to Tim Gokey, who will become CEO of Broadridge in January 2019. As President of GTO, Carey will oversee the growth of Broadridge’s core technology business globally across Capital Markets and Wealth and Investment Management. He will continue to serve on Broadridge’s Executive Committee.
“Tom is an incredibly capable, technology-focussed industry executive,” says Gokey. “Tom has driven the growth of our Global Capital Markets business and, more recently, our overall International portfolio. We see
Global hedge fund industry performance dipped negative in September, with overall industry returns at -0.17 per cent last month, according to the latest data from investment data and analytics firm eVestment.
This brings Q3 returns to just barely positive at +0.30 per cent and year to date (YTD) returns to +0.53 per cent. This is a far cry from the industry’s aggregate return of +8.92 per cent for 2017 and, in a generally strong investment market, may re-ignite concerns about the hedge fund industry. Some highlights from the latest data include:
Among primary strategies, Distressed funds were the big
Hedge fund flows as measured by the SS&C GlobeOp Capital Movement Index declined 1.23 per cent in October.
“SS&C GlobeOp’s Capital Movement Index for October 2018 of -1.23 per cent reflects net outflows that are consistent with normal seasonality. In fact, the -1.23 per cent reported for October 2018 is almost identical to the -1.21 per cent reported for the same period a year ago for October 2017,” says Bill Stone (pictured), Chairman and Chief Executive Officer, SS&C Technologies. “This result indicates stable investor allocations to hedge funds, despite volatile equity markets and increased interest rates.”
The SS&C GlobeOp Hedge Fund Performance
Lyxor Asset Management has teamed up with Dymon Asia to launch the Lyxor/Dymon Asia Macro Fund, a liquid discretionary global macro strategy with an Asian focus.
As Asia becomes increasingly important in the global economic landscape, it offers a wide range of opportunities due to the diversity of its economies, each expanding at a different pace and with different growth drivers. The Fund’s global macro strategy leverages on these asynchronous developments as a source of investment themes by exploring opportunities across the whole spectrum of asset classes (global FX, rates, equities) and seeking to provide diversified sources of return using a
By Amanda Daly, EzeCastle Integration – When confronted with unexpected business disruptions, alternative investment firms must react swiftly, methodically and successfully or else risk significant financial loss. This level of response requires extensive business continuity planning to ensure allspects of a firm’s business are evaluated and protected. In this blog, we will help you create a Business Continuity Plan and help you identify which threats pose a risk to your firm.
1. Regulatory review and landscape
The first step to creating an Business Continuity Plan is to perform a Regulatory Review as all businesses have requirements coming from oversight bodies. There are also
