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Carey Olsen has expanded its finance practice in the Cayman Islands with the appointment of Dylan Wiltermuth who has joined the firm as counsel.
A new survey of institutional investors and hedge fund managers has found that nearly seven in ten survey participants expect that equity markets will rise if tax reform is enacted by the US Congress and an even greater percentage expect that budget deficits will also rise.
In addition, only 12 per cent of managers and investors believe that corporations will use their tax savings to expand operations or add jobs.
“Fund managers and institutional investors are strongly bullish when it comes to how tax reform would help equity prices,” says Sol Waksman, founder and president of BarclayHedge. “But, at
S&P Global Market Intelligence’s latest Hedge Fund Tracker analysis shows hedge funds bought USD2.2 billion in financials sector stocks, USD1.8 billion in energy sector stocks, and USD1.7 billion in healthcare sector stocks in Q3.
In all, seven of the 11 sectors of the S&P 500 saw net buying among large hedge funds.
In total, the top funds managed approximately USD167 billion in equity holdings at the end of the quarter, up USD13 billion from Q2 2017.
The total number of equity positions held also increased to 463 in Q3, up from 423 in Q2, as hedge funds made
EEX Group has successfully novated all remaining 2018 – 2024 positions in Dry Bulk Freight FFA from LCH Ltd to its clearing house European Commodity Clearing (ECC). The novation marks yet another significant milestone in EEX Group’s strategy to expand in globally traded markets.
In total, 31,220 lots from 2018 onwards were transferred to ECC, significantly expanding EEX Group’s customer base and depth of liquidity in the freight sector. Following the novation, EEX Group’s freight portfolio now includes the full suite of dry bulk freight contracts thereby substantially increasing the open interest in freight options at ECC and extending the
Esprow, a provider of enterprise testing technology for the financial markets, has released version 3.0 of ETP Studio for FIX.
Delivered as an in-premise solution, version 3.0 of ETP Studio for FIX includes more than 200 new features, with a focus on ad-hoc testing of FIX APIs, generation of test results and test specifications, and emulation of more than 70 new FIX venues and binary exchanges.
Users of ETP Studio for FIX can leverage these new capabilities to advance their path towards DevOps automation, by simulating both client’ FIX flow and trading venues’ responses, using both FIX and native
The Commodity Futures Trading Commission (CFTC) obtained USD1,127,855 in restitution for defrauded pool participants and USD3,383,565 in civil monetary penalties in a federal court Default Judgment Order against Defendants.
Gerard Suite (who is known by numerous aliases, including Rawle Gerard Suite, Jerry Suite, and Jerry Snead) and his company, STA Opus are to pay over USD4.5 million to settle US CFTC charges over a fraudulent commodity pool scheme.
The CFTC has obtained USD1,127,855 in restitution for defrauded pool participants and USD3,383,565 in civil monetary penalties in a federal court Default Judgment Order against Defendants, as well as a Consent
McKay Brothers International has added Milan and Zurich points of presence to its Quincy Extreme Data (QED) service. The QED POPs in Milan and Zurich distribute a broad range of low latency futures contracts from the US and the UK.
“To meet best execution standards, it is critical that market data be the most current available,” says Francois Tyc (pictured), Managing Director of McKay Brothers International. “We are pleased to provide subscribers more opportunities to use QED to inform their trading and as they work to meet their MiFID II obligations.”
QED now provides select Aurora, Illinois-sourced Equity Index,
Goldsky Asset Management, an Australia-based quantmental and behavioural science-focused hedge fund that specialises in global equities, has gained 16.05 per cent year-to-date, beating its index benchmark by 7.94 per cent.
The hedge fund has delivered a consistent 19.45 per cent per annum return to investors since inception in December 2015.
The strong performance of Goldsky Asset was well ahead of the 12.66 per cent return by the benchmark MSCI AC World Net index over the same period, the company.
Goldsky says their quantitative behavioural science models and methods are providing actionable data 24/7. Utilisation and incorporation of behavioural
October was the best month of the year so far for Alternative UCITS funds with the LuxHedge Global Alternative UCITS index advancing 0.68 per cent, bringing YTD gains to 2.29 per cent.
The total universe currently contains over 1400 funds, more than 75 per cent post positive returns year-to-date. In line with previous months and years, investors keep increasing their allocations to Alternative UCITS funds. Assets Under Management for the total universe went up with 1.8 per cent in October, now standing at 451 B EUR.
Performance gains were spread across most strategies. In line with the broader hedge
Alternative investment manager Highland Capital Management has appointed Andrew Parmentier as a partner and the firm’s chief strategy officer (CSO) and head of thematic investing.
Parmentier brings to Highland over 20 years of experience working at the nexus of Washington and Wall Street, advising some of the largest asset managers, hedge funds, and private equity firms on tactical and strategic investment opportunities. As Washington became increasingly important to the investment industry, Parmentier co-founded Height Securities, a privately held capital markets firm, to deliver research, banking, and advisory services with a focus on heavily regulated industries.
“Andrew embodies the
