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The Lyxor Hedge Fund Index headed north this week. Special Situations outperformed, followed by CTAs – thanks to rates and equities – and Global Macro – thanks to commodities and equities.
That’s according to the latest Weekly Brief from Lyxor’s Cross Asset Research Team which says that: “Robust economic prints and cautious monetary normalisations are prolonging the goldilocks for US equities and for dollar assets – including EM markets and cyclical commodities. Gold was up on receding inflation prospects, unlike govies yields still under pressure. The ECB, which suggested tapering announcements at its October meeting, did not put an end
GoldenTree Asset Management, an institutional global asset management firm that specialises in opportunities across the credit universe, has opened a new office in Sydney, Australia which will be headed up by newly-appointed managing director Russell Taylor.
Taylor (pictured), joins the firm from JP Morgan, where he was most recently Managing Director, Head of Institutional Sales for Australia and New Zealand.
GoldenTree’s new Sydney office represents its latest expansion in the Asia-Pacific region, following upon the opening of an office in Singapore three years ago. The area is home to a number of the firm’s institutional clients.
“Australia has
Wharton Research Data Services (WRDS) has added Eurekahedge data to its offering.
A part of the Wharton School of the University of Pennsylvania, WRDS provides global corporations, universities and regulatory agencies the thought leadership, data access and insights needed to accelerate impact.
With coverage from 1969 and a global research team, Eurekahedge offers access to over 29,000 interactive hedge fund and over 300 alternative fund indices, making it the most comprehensive resource for hedge funds available.
“We are very excited to offer Eurekahedge to WRDS subscribers,” says Robert Zarazowski, Managing Director of WRDS. “With global reach and specialized
Post-trade services provider Clearstream, which is part of Deutsche Börse Group, and HedgePole, a well-established specialist service and technology provider for hedge funds price and reference data, have entered into a cooperation agreement to provide the market with enhanced alternative fund price and reference data services.
The need to provide specific high quality and up-to-date reference data and pricing to end investors for their holdings in alternative investments, such as hedge funds and private equity, as well as key regulatory requirements for compliance and anti-money laundering purposes are a key industry issue. This has led to the evolution of specific
In a strong month for the global hedge fund industry, emerging markets hedge funds continued to shine the brightest, according to the August 2017 eVestment Hedge Fund Performance Report.
Brazil-focused funds lead the pack in August with +5.34 per cent performance, bringing year-to-date performance to +16.88 per cent. China-focused funds are the top performers so far in 2017, returning +23.02 per cent so far this year, while returning a slightly cooling +2.69 per cent for the month of August.
Overall the industry returned +0.74 per cent in August. This brings year-to-date performance to +5.47 per cent. Hidden in that
The Managed Funds Association (MFA), a trade association for the global alternative investment industry, has added new members of its Executive Management Team.
All will report directly to MFA’s President and CEO Richard H Baker (pictured), and serve on the Management Team alongside general counsel Stuart J Kaswell, head of public affairs D Brooke Harlow, head of communications and marketing Anthony D Coley, and head of international affairs Michael N Pedroni.
“With record assets under management, the hedge fund industry is poised to help even more investors diversify and manage risk and deliver reliable returns over time. At this
FlexTrade has integrated Dataminr, a specialist in AI and machine learning, into the FlexTRADER EMS to create a global macro news alert feed within the FlexTRADER interface based on criteria pre-selected by the trader.
“With MiFID II on the horizon, the requirement to take ‘all sufficient steps’ to achieve Best Execution has driven our clients to explore alternative sources of data,” says Andy Mahoney (pictured), Head of Sales at FlexTrade.
Within the trader’s Dataminr account, customised watchlists can easily be created ensuring that only the most relevant and directly impactful breaking news is delivered. For example, within a financial markets search, traders can
Asset managers may miss the deadlines of their insurance and wealth management partners for MiFID II and PRIIPs data delivery as they’re too focused on the end of year regulatory starting point and ignoring full preparation time.
That was the view of panellists and contributors at Silverfinch’s recent conference.
The majority of asset managers are collating their data to be delivered to distributors for the January introduction of MiFID II and PRIIPs next year, leaving no time for distributors to road-test and finesse their own data processes. Industry experts recommend that insurers and wealth managers need the relevant information
European Fund Administration (EFA) has appointed Noel Fessey (pictured), to replace Thomas Seale as CEO, following the latter’s retirement at the end of 2017.
After two decades of leadership, EFA has become an industry reference in the Luxembourg fund industry. Thomas Seale was recruited by EFA shareholders back in 1997 and has led the company ever since.
Rafik Fischer, Chairman of EFA’s Board of Directors, says: “We owe a debt of gratitude to Tom for his inspiring leadership of our company. We are delighted at the recruitment of Noel, following his successful career at Schroders Luxembourg. He will continue
New research by technology, strategic advisory, and operations outsourcing company DST shows that political uncertainty surrounding Brexit and the result of the last UK general election has delayed the regulatory compliance process of one in four financial services firms (24 per cent).
The research, titled ‘Regulatory strategy in Financial Services: how firms are approaching data and compliance’, found that just one third (33 per cent) of financial services organisations say they are prepared for key upcoming regulations such as MiFID II and the General Data Protection Regulation (GDPR). The survey also revealed that more than half of respondents (53 per
