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Chinese hedge funds posted three consecutive months of declines through April after surging 5.8 per cent in January and 31.1 per cent in 2017 as the Japanese Yen and Renminbi reversed early 2018 gains and the US Dollar strengthened, according to the latest HFR Asian Hedge Fund Industry Report.
In the first three months of 2018, the HFRI EM: China Index climbed 0.8 per cent, topping the 4.2 per cent decline of the Shanghai Composite Index by over 500 basis points (bps) in Q1 2018. However, the HFRI China Index declined 1.3 per cent in April, bringing the YTD return
Union Bancaire Privée, UBP SA (UBP) is launching a new strategy on its alternative UCITS platform, an equity arbitrage fund launched in partnership with London-based alternative investment manager Cheyne Capital Management (UK).
U Access (IRL) Cheyne Arbitrage UCITS is the fourth addition to UBP’s alternative UCITS platform, which now has close to CHF 700 million in assets under management.
U Access (IRL) Cheyne Arbitrage UCITS is managed by Pierre di Maria, head of Event Driven Strategies at Cheyne Capital, who has more than 18 years of experience in this asset class and an impressive pedigree, having managed significant assets
Exchange Data International (EDI), a provider of global security corporate actions, pricing and reference data services, has launched its Canadian Fixed Income Evaluated Pricing service.
EDI currently prices over 30,000 CAD fixed income securities on a daily basis and has already started to deliver Canadian fixed income evaluated prices to some of Canada’s top investment firms. With the addition of the Canadian Fixed Income Evaluated Pricing service the company expands its current offering by including the following fixed income asset classes: CAD Government Bills and Bonds; CAD Government Agencies Bonds; Provincial Government Bills and Bonds; CAD Municipal Bonds; and CAD Corporate
Hedge funds bounced back to positive territory in April, up 0.55 per cent with the underlying markets, as represented by the MSCI AC World Index (Local) up 1.18 per cent over the same period, according to the latest Eurekahedge Report.
On a year-to-date basis, managers gained 0.23 per cent with 10 per cent of them posting returns in excess of 5 per cent.
Total hedge fund assets grew by USD31.9 billion over the past four months, with USD36.2 billion attributed to investor inflows while managers posted performance-based losses of USD4.4 billion. Investors have been selective in their allocations across
FIS Group, a manager of US and global developed, emerging and frontier markets equity portfolio strategies, has appointed Robert Morier as a senior vice president of sales and marketing.
Morier (pictured) will oversee FIS Group’s marketing and sales efforts, and will report directly to Tina Byles Williams, CEO and CIO of FIS Group.
“We are delighted to welcome Mr. Morier to the team,” says Byles Williams. “He brings over 18 years of experience in sales and marketing strategies for global and non-US equity and debt investment products, which serves to enhance our continued commitment to meet and exceed
Tages Capital has held the first closing of Tages Emerging Opportunities II, a closed-end fund focused on providing seeding and acceleration capital to emerging hedge fund managers in exchange for an economic participation in their business with USD203 million in capital commitments.
The fund has been backed by institutional investors across Europe and Asia, with a notable participation from large insurance companies. It will now remain open to receive additional commitments for up to one year.
The fund’s strategy of seeding or accelerating a concentrated portfolio of hedge fund managers generates returns from a diversified combination of underlying fund
Depositary assets at INDOS Financial have grown to USD25 billion, only three months since the service provider passed the USD20 billion milestone on 1 February.
According to Bill Prew (pictured), CEO of INDOS Financial, this continuing, rapid rate of growth is partially a function of INDOS’ competitive and tailored fee structure where, in contrast to the fixed rates charged by many providers of depositary services, rates decline as managers’ assets grow.
“More generally,” says Prew, “our message about the virtues of independence is getting through. INDOS firmly believes that depositary services are more effective and will add value when
JonesTrading Institutional Services has appointed Eduardo Seda as Vice President, Senior Energy Analyst, with responsibility for research coverage on Master Limited Partnerships (MLPs) within the energy sector.
Based in New York, Seda is an industry veteran, bringing over 25 years’ experience and expertise to JonesTrading. Prior to joining JonesTrading, he was a Senior Analyst at Sidoti & Company, LLC specialising in coverage of Small- and Mid-Cap Asset Managers and Other Financial Companies within the Financial Services sector. From 2009-2016, he was a Managing Director & Senior Analyst in the Energy Group at Ladenburg Thalmann & Co Inc, responsible for coverage
CME Group and Crypto Facilities Ltd have launched the CME CF Ether-Dollar Reference Rate, which will provide a daily benchmark price in US dollars at 4pm London time, and CME CF Ether-Dollar Real Time Index, which will allow users access to a real-time Ether price in US dollars.
Both the Ether Reference Rate and Ether Real Time Index will be calculated by Crypto Facilities and will be based on transactions and order book activity from two major cryptocurrency exchanges: Kraken and Bitstamp. The reference rates are available today on CME Group and Crypto Facilities websites and will be distributed on
Hedge fund and private equity administrator, JP Fund Administration (Cayman) Ltd, has grown its Assets Under Administration (AUA) to more than USD5 billion, bringing the JP Integra group total AUA to more than USD6 billion.
Dave van Duynhoven (pictured), head of fund services at JP Integra, says: “2017 was a year of investment in systems and processes to enable us to handle the growing demand for our Cayman based administration services. We passed USD6 billion AUA for the first time and we are excited by prospects in 2018, especially in private equity and investment funds for Family Offices and HNWIs.
