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The Wilshire Liquid Alternative Index, which provides a representative baseline for how the broad liquid alternative investment category performs, returned 1.59 per cent in January, underperforming the 2.45 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.
“The continued rally in equities led the Wilshire Liquid Alternative Global Macro IndexSM to its strongest monthly return since inception. CTAs led the charge and
Hedge Funds gained 2.11 per cent in January according to the Barclay Hedge Fund Index compiled by BarclayHedge.
The longest consecutive streak of profitable months for the Barclay Hedge Fund Index was the 18-month period from October 2002 through March of 2004. The current 15-month winning streak has produced a gain of 14.9 per cent for the Index versus 25.7 per cent during the record 18-month streak.
“Long equity positions were a major contributor to fund profits in January as earnings of US companies exceeded expectations,” says Sol Waksman (pictured), founder and president of BarclayHedge.
The Healthcare & Biotechnology Index
OANDA, a provider of online multi-asset trading services, has introduced a new pricing model for several key indices that enables clients to access spreads as low as 0.5 when they trade the Australia 200, UK 100, Germany 30, US NAS 100 and the US Wall St 30.
Designed to reduce the cost of trading indices, the new tighter spreads are available to any client trading on the OANDA V20 platform during local market hours. Clients who are currently trading on OANDA’s legacy platform should open a V20 sub account in order to access the tighter spreads.
“At OANDA, we
The Commodity Futures Trading Commission (CFTC) has issued an Order of Registration to ICE Futures Singapore Pte Ltd (ICEFS), a Foreign Board of Trade (FBOT) located in Singapore.
Under the Order, ICEFS is permitted to provide its identified members or other participants located in the US with direct access to its electronic order entry and trade matching system.
The ICEFS application for registration included representations that its regulatory regime under its regulator, the Monetary Authority of Singapore (MAS), satisfies the requirements for registration under CFTC regulations. After reviewing the FBOT’s application, the CFTC determined that ICEFS has demonstrated its ability
REYL & Cie Ltd (REYL) has appointed Ante Razmilovic to head its new Structured Finance business to be run from its London office and part of the Corporate Advisory & Structuring business line.
Based in REYL’s London office Razmilovic brings 25 years of experience from Goldman Sachs and Credit Suisse in the structured and secured finance arena. Most recently Razmilovic worked at Goldman Sachs in London and Hong Kong, as Managing Director. After first joining Goldman Sachs in 1997, Razmilovic held a number of roles, including various responsibilities in structured finance in Europe and the Middle East. He has also
CLS, a market infrastructure group delivering settlement, processing and data solutions, is releasing a new foreign exchange (FX) forecast data report as part of its comprehensive suite of data products.
CLS’s FX Forecast data will provide subscribers with a forward looking view of FX markets on an hourly basis, enabling them to quickly detect potential price movements and identify times to trade with greater liquidity, reducing market impact and signalling risk. In addition, CLS’s FX Forecast data offers significant benefits to risk and compliance teams, enabling market participants to better predict volume and rate changes, which can help inform their
Man AHL, Man Group’s diversified quantitative investment manager, has opened applications for its 2018 hackathon in April, consisting of 24 hours of coding aimed at contributing to the Python data science ecosystem.
Users of the Python programming language benefit from the efforts of thousands of developers across the world, including Man AHL developers who have open-sourced projects such as Arctic and Pybloqs. The hackathon has been designed to contribute to this ecosystem, with participants exploring and improving the platform, and giving back to the open-source community. During the hackathon, Man AHL will support and mentor participants as they make their
PitchBook, a data provider for the private and public equity markets, has released a proprietary framework designed to help retail and institutional investors assess the long-term value proposition of blockchain protocols.
Until now, no other reputable institution has successfully defined the standard factors driving long-term value creation for blockchain protocols. Investors are left with a limited understanding of how to evaluate the viability of a crypto-asset investment – an asset class plagued by high levels of price volatility and uncertainty. PitchBook believes the crypto-asset class has the same risk profile as early stage venture investments and should be evaluated in
Hedge funds were off to a good start in the first month of 2018, with the Eurekahedge Hedge Fund Index up 2.26 per cent in January. Among volatility-focused hedge funds though, short volatility hedge funds posted the worst performance in January 2018, down 3.30 per cent, their biggest loss since August 2015.
Long volatility and relative value hedge funds meanwhile, gained a modest 0.01 per cent and 0.16 per cent over the same period.
Underlying markets as represented by the MSCI AC World Index (Local) gained 3.78 per cent over the same period.
As the global risk on
The Lyxor CTA index underperformed last week, losing 3.9 per cent, according to the latest Weekly Brief from Lyxor’s Cross Asset Research team. But several managers had already started to cut leverage ahead of last week’s market turmoil and managed to limit losses.
The performance of a sample ranges from -2 per cent to -15 per cent since early February. Most funds are now in negative territory YTD. L/S Equity funds also suffered a 2.2 per cent drawdown last week.
Lyxor writes: “On a positive note, merger arbitrage fared very well and matched expectations regarding their ability to deliver
