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Managed futures traders gained 0.64 per cent in July according to the Barclay CTA Index compiled by BarclayHedge. The index is down 1.04 per cent for the year.
The BTOP50 Index, which tracks 20 of the largest CTAs, showed a modest gain of 0.60 per cent and is down 4.20 per cent through the end of July.
“Managed futures traders were able to eke out gains last month in spite of the cross currents in commodity markets,” says Sol Waksman (pictured), founder and president of BarclayHedge. “Profits resulting from US dollar weakness against the euro and a new record
Global fixed-income manager Western Asset has taken a minority ownership stake in Flat Rock Global, a new alternative asset manager focused on developing yield-driven investment strategies in asset classes under-served by the mainstream banking sector.
John Thomson of Thomson Equity also invested alongside Western Asset.
The investment supports Flat Rock Global’s investment strategies, including their initial fund, Flat Rock Capital Corp, a business development company focused on investing in first lien, floating rate debt of middle market companies.
“We are pleased to partner with Western Asset, one of world’s premier asset managers,” says Robert K Grunewald (pictured), CEO
Trading volume in options and futures on the CBOE Volatility Index (VIX) each reached new all-time highs on Thursday, 10 August.
In VIX options at CBOE, a reported 2,562,477 contracts traded on Thursday, surpassing the previous single-day record of 2,382,752 contracts on 3 February, 2014. Year-to-date through the end of July, average daily volume in VIX options was 687,181 contracts, 11 per cent ahead of the same period a year ago.
In VIX futures at CBOE Futures Exchange (CFE), a reported 939,297 contracts traded on Thursday, surpassing the previous single-day record of 791,788 contracts on 15 October, 2014. Of the 10
If your firm hasn’t fallen prey to a security breach, you’re probably one of the lucky ones. But you also probably won’t be safe for long, as most firms, at some point in time, will encounter a cybersecurity incident. Cyber incidents today come in many forms, but whether a system compromise at the hands of an attacker or an access control breach resulting from a phishing scam, firms must have documented incident response policies in place to handle the aftermath.
With the threat of security incidents at all all-time high, we want to ensure our clients and partners have plans and
Hedge Funds gained 1.11 per cent in July according to the Barclay Hedge Fund Index compiled by BarclayHedge. The index has risen every month this year and is up a cumulative 5.48 per cent for 2017.
“July was another winning month for the hedge fund industry as the S&P 500 and the NASDAQ both rose to new all-time highs,” says Sol Waksman (pictured), founder and president of BarclayHedge. “Market conditions have been ideal for steady gains across all market segments.”
Emerging Markets continued their recent strong run and led all sectors with a gain of 2.65 per cent in
NEX Regulatory Reporting, a NEX Group business which provides regulatory reporting services across global regulatory regimes, has launched a new solution to support the EMIR Regulatory Technical Standards (RTS) Rewrite.
Due to come into effect on 28 October 2017, ESMA’s EMIR RTS Rewrite aims to improve the transparency of the over-the-counter (OTC) derivatives market and reduce associated risks such as the mandatory clearing of some asset classes and the attribution of collateral against open positions, posted to secure these positions.
NEX Regulatory Reporting has added the EMIR RTS Rewrite solution to its Global Reporting Hub to help clients meet
GMEX Technologies has partnered with FPT Information System (FPT) based in Hanoi, to establish the first Derivatives market and fully integrated central counterparty (CCP) clearing house in Vietnam, which is now live.
GMEX Technologies has delivered a state of the art multi-asset, multi-language exchange trading system and market surveillance solution with a real-time clearing and settlement system. FPT provided local implementation support and project management.
The launch announcement was made at an event in Hanoi in the presence of Prime Minister Nguyen Xuan Phuc, members of his cabinet and authorities from related agents including Minister of Finance, Governor of
AlphaDesk, a cloud-based Order Management and Portfolio Management System provider to hedge funds and other investment managers, posted record new business sales for the first half of 2017.
Kevin Galliers, COO, says: “We signed 36 new hedge funds during the first half of 2017, which is significantly greater than any other six-month period since the firm’s inception. Interestingly, 40 per cent of our new business was the result of competitor replacements, with the rest being upgrades from manual processes and new hedge fund launches. The market is now fully embracing the significant cost savings associated with software that is deployed
By George Ralph (pictured), RFA – If you hadn’t already got enough on the agenda for this year, MiFID II – Markets in Financial Instruments Directive II – and its accompanying regulation, Markets in Financial Instruments Regulation (MiFIR) are looming ever closer to their full implementation date of 3rd January 2018. That’s 23 weeks away. I don’t need to tell you that it’s not long at all.
So what do firms need to do? The main changes include:
Pre-trade, the main changes relate to increased transparency, with firms being required to report off-venue Actionable Indications of Interest and executed prices,
The Lyxor Hedge Fund Index was flat in July, with six out of 10 Lyxor indices ending the month in positive territory, according to the latest Lyxor Alternative Investment Industry Barometer.
The month’s top performer was the Lyxor L/S Equity Market Neutral Index with a return of 2.3 per cent, followed by the Lyxor L/S Equity Variable Bias Index which returned 1.4 per cent., while the Lyxor Global Macro Index was the month’s biggest loser, down 1.0 per cent.
The strong earnings season in the US supported Event Driven and L/S Equity funds. The rise in EUR vs. the
