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Hedge funds were up 0.42 per cent in September, with 2017 year-to-date gains coming in at 5.53 per cent, according to the October 2017 Eurekahege Report.
Total hedge fund assets grew by USD157.52 billion over the past nine months with USD83.1 billion attributed to investor inflows while managers posted performance-based gains of USD74.4 billion. The industry’s total assets currently stands at USD2.38 trillion.
Long/short equities mandated hedge funds led the table for the month with gains of 1.46 per cent. On a year-to-date basis, long/short equities hedge fund managers also topped the tables gaining 9.00 per cent. Year-to-date investor
The US Commodity Futures Trading Commission (CFTC) has issued a report detailing the results of an evaluation of settlement liquidity at clearinghouses. All of those tested including CME Clearing, ICE Clear US, and LCH, demonstrated the ability to generate sufficient liquidity to fulfil settlement obligations on time.
The purpose of the analysis was to assess the impact of a hypothetical extreme but plausible market scenario on the ability of three clearinghouses to meet their settlement obligations on time. It is the second systemic stress testing report issued by CFTC, following its Supervisory Stress Test of Clearinghouses published in November 2016.
The Depository Trust & Clearing Corporation (DTCC), the premier post-trade market infrastructure for the global financial services industry, has unveiled a new framework of nine key factors to assess when considering its impact on financial stability.
The framework is included in a new DTCC white paper “Fintech and Financial Stability – Exploring How Technological Innovations Could Impact the Safety & Security of Global Markets,” which cautions that while fintech adoption benefits the financial services industry in areas such as improving client experience, strengthening critical infrastructure components, creating efficiencies and reducing costs, it could also pose or exacerbate certain risks, including
Transaction Network Services (TNS) is now offering hosting and co-location services at Australia’s main exchange-owned data centre, providing firms with the fastest access to the country’s buoyant cash equities, derivatives and commodities markets.
TNS’ Managed Hosting Service is now available at the Australian Liquidity Centre (ALC) in Sydney which is owned by the Australian Securities Exchange (ASX). TNS’ flexible and scalable service enables financial organisations to efficiently and effectively expand their operations into new venues and territories by eliminating the complexity and cost involved with establishing and managing remote exchange access and data centre space.
David Raper, Executive General
Alternative asset management firm Crayhill Capital Management has appointed Shamafa Khan as a Managing Director and Head of Investor Relations and Marketing.
At Crayhill, Khan will leverage her previous experience in capital raising and client relationships to help serve the firm’s investors. Specifically, she will be leading the marketing and sales efforts of Crayhill’s private asset-based lending and credit opportunity funds.
“Private credit funds continue to gain attention from investors seeking stable current-yield returns. Shamafa’s recent experience within the sector will help us to highlight our differentiated approach and better serve our limited partners,” says Josh Eaton, Co-Founder and
Hedge funds enjoyed another positive week last week according to the latest Weekly Brief from Lyxor’s Cross-Asset Research team.
Lyxor writes: “Cracks in the reflation trade emerged after the marginally dovish Fed’s minutes and with doubts intensifying about the tax-cut package. CTAs outperformed, thanks to their contrarian allocation in bonds (they are long, mainly in Europe), in FX (they are dollar short, especially vs. non-G10 currencies) and in commodities (they are long gold). They also benefitted from their more cyclical exposures to equities and metals. While sector rotations away from the reflation trade weakened L/S Neutral funds, equities remained well
With offices in 35 locations worldwide, Apex Fund Services has grown into one of the financial industry’s largest independent fund administrators since it first opened its doors in Bermuda back in 2003.
And with plans to make upwards of 10 acquisitions within the next 24 months, Apex has its sights set on becoming a top five global fund administration group within the next five years.
This follows the recent announcement this summer that Genstar Capital, a leading middle-market private equity firm, has recapitalised Apex, whilst simultaneously acquiring Equinoxe Investment Services and merging it into the Apex Group.
“FTV Capital, a
Hedge funds made gains of 1.43 per cent in September, the highest monthly return seen since January.
This has continued 2017’s strong run of performance; the Preqin All-Strategies Hedge Fund benchmark has seen year-to-date gains reach +8.28 per cent, the highest return at this stage of the year for the benchmark since 2013.
Event driven strategies funds generated the greatest return of any top-level strategy (+2.12 per cent), following incremental gains made in August (+0.19 per cent). Equity strategies funds posted returns of +1.93 per cent, bringing 2017 YTD returns to +10.72 per cent. In addition, all top-level strategies
CBOE Holdings is rebranding as Cboe Global Markets in a bid to ‘better reflect the evolving nature and spirit of the company’. The change comes following the acquisition of Bats Global Markets (Bats) earlier this year.
The company’s new name, Cboe Global Markets, builds on the brand capital of CBOE and the global reach of the Bats business. Cboe is now pronounced ‘See-bo’ instead of ‘C-B-O-E’, a change the company says signals how it has greatly expanded beyond its options heritage to a business with multiple asset classes and a much larger global footprint.
Ed Tilly (pictured), Chairman and
Wilshire Consulting, the institutional investment advisory and outsourced-CIO (OCIO) business unit of Wilshire Associates, is to support the Iowa Public Employees’ Retirement System (IPERS) in conducting its “Alpha Search” which seeks to identify managers based on their ability to deliver alpha regardless of the manager’s ‘beta’ (ie, benchmark).
“The unique Alpha Search process will seek to help IPERS capture the benefits of a broader, more comprehensive investment program in today’s increasingly complex financial environment,” says Andrew Junkin (pictured), President of Wilshire Consulting. “We are excited to be at the forefront of this emerging trend in manager selection with a client
