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In a month where equity products dominated the top viewed strategies globally and in many regions of the world, investors and consultants in Europe ex-UK and Japan had a bigger taste for fixed-income strategies than their peers in July, according to the latest eVestment Advantage Viewership Report covering the past month.
Eight of the top-viewed strategies from investors and consultants in Europe ex-UK were fixed-income strategies. Seven of the top strategies viewed by investors and consultants in Japan were fixed-income strategies.
And while hedge funds didn’t crack the top 20 most viewed strategies globally or on most of the
SANNE has appointed Peter Nagle as the company’s new Country Head – Mauritius. Nagle (pictured), will be responsible for providing expert guidance and support to the local client service leadership teams based on the island.
SANNE’s office in Mauritius is the second largest staffed office across the firm’s global network and is home to more than 200 client services professionals who specialise in funds, corporate and private client services. In this new role, Nagle will ensure the alignment of all client services and group services initiatives to deliver organic growth and will drive best practise throughout day-to-day activities within client services.
Following a marginal uptick in performance in June, CTAs faced headwinds again in July with all of Societe Generale Prime Services’ SG CTA indices posting negative returns.
Although the performance was up in the first half of the month, conditions became challenging in the second half. The CTA Index was up 1.44 per cent and the Trend Index up 2.24 per cent mid-month, however by the end, performance was down 0.71 per cent and 0.81 per cent respectively.
Performance was dispersed as five out of 20 constituent managers in the CTA index posted marginally positive returns. In particular, it
Mosaic Smart Data (Mosaic), the FICC data analytics company, has added real-time analytics for interest rate swaps to its MSX platform.
Live in one of the world’s largest banks, MSX now provides real-time analytics for swaps denominated in US dollar, sterling, euro, and Scandinavian currencies, which make up the majority of the USD2.1 trillion a day interest rate swaps market.
Developed by Mosaic’s team of expert data scientists, the new swaps analytics service allows banks to combine their electronic and voice traded swaps transaction data into a single view.
Additional features include advanced risk analysis, which allows banks
Omniex, a complete investment and trading platform for institutional investors to access crypto-assets, has appointed former Securities and Exchange Commission (SEC) Chairman Arthur Levitt and former Chair of the Federal Deposit Insurance Corporation (FDIC) Sheila Bair to its Board of Advisors.
In addition, the firm has hired former Thomson Reuters and KCG executives to further accelerate global adoption of its market-ready platform already in use by early clients.
Levitt was the twenty-fifth and longest-serving Chairman of the SEC from 1993-2001. He currently serves as a Board Member at Bloomberg and Motif Investing, an Advisory Board Member of KCG, and
RBC Global Asset Management saw mutual fund net sales of USD524 million in July, with sales of long-term funds registering USD549 million. Money market funds meanwhile had net redemptions of USD26 million.
Mutual fund assets under management increased by 1 per cent.
“Investors and advisors continue to favour balanced solutions, which offer stability and diversification,” says Doug Coulter, president of RBC Global Asset Management Inc. “This trend is demonstrated by strong sales of our RBC Select Portfolios, which in July surpassed USD85 billion in assets.”
Mutual fund sales results information is based on preliminary data from the Investment
Crescent Crypto Asset Management, a cryptocurrency index fund manager led by Goldman Sachs alumni, has completed its Series A financing and launched its offshore Cayman fund.
FBG Capital led the fundraising round with its investment into Crescent, bringing invaluable connections and industry knowledge to Crescent.
Utilising its strong global presence, FBG is focused on helping Crescent grow assets under management for its suite of passive funds both in the US and abroad. In addition, FBG will leverage its network to help Crescent develop and list multi-coin products on traditional financial exchanges.
Uses of the capital also include expanding
London Block Exchange (LBX) is to list Nano (NANO) on its exchange from 15 August this year, and is giving away GBP5,000-worth of the currency to mark the occasion.
The listing will be LBX’s 12th cryptocurrency, and the world’s first GBP pairing for the coin, billed as one of the fastest ever created with zero transfer fees.
In celebration, Nano and LBX have partnered to create a cryptic treasure hunt in the UK Capital, releasing clues in the run up to official listing.
The first person to find the treasure’s ‘location’ and the associated password and post their
Anglo-Swiss multinational commodity trading and mining company Glencore has reported ‘strong financial performance’ for the first six months with adjusted EBITDA of USD8.3 billion, up 23 per cent, and adjusted EBIT of USD5.1 billion, up 35 per cent. 

Net income attributable to equity holders during the period totalled USD2.8 billion, up 13 per cent; while net income, pre-significant items increased 40 per cent to USD3.3 billion. Funds from operations meanwhile, saw an increase of 8 per cent to USD5.6 billion 

Net debt decreased by 16 per cent to USD9.0 billion, while EPS was increased by 12 per cent to
Hedge funds posted gains in July to begin the second half of 2018, recovering the narrow decline from June, and effectively navigating a primarily positive earnings season punctuated with certain idiosyncratic equity volatility and directional dislocations, including Facebook and Apple.
The HFRI Fund Weighted Composite Index advanced 0.6 per cent for the month, according to data released today by HFR.
Bank Systematic Risk Premia strategies again posted mixed performance in July with gains concentrated in Credit and Equity strategies. The HFR BSPR Credit Index gained 3.14 per cent for the month, led by the HFR BSRP Credit Multi-Strategy Index,
