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The US Commodity Futures Trading Commission (CFTC) has issued an order regarding ICE Trade Vault, a provisionally registered swap data repository.
The order adds the “interest rate” and “foreign exchange” asset classes to those asset classes that ICE Trade Vault intends to serve as a swap data repository pursuant to section 21 of the Commodity Exchange Act and Part 49 of the Commission’s regulations.
The CFTC granted provisional registration to ICE Trade Vault, LLC as a swap data repository on June 27, 2012. ICE Trade Vault, LLC is also currently approved to accept swap data for the credit and
- 28/09/2015
The latest research by Preqin into hedge fund performance finds that as of the end of August, large hedge funds – those with AUM of USD1 billion or more – posted the greatest returns of any size category.
They outperformed emerging, small and medium funds for the month (with -1.49 per cent returns), as well as across the 12-month (+4.30 per cent), 3-year annualised (+9.06 per cent), and 5-year annualised (+8.52 per cent) horizons. They also had the lowest 3-year volatility of any size class, of only 3.29 per cent. Emerging hedge funds, those with AUM of less than USD100
- 28/09/2015
By Fred Ingham, Neuberger Berman – A quiet revolution is happening in hedge funds. Investors continue to allocate to the asset class, but the way they are allocating is changing, The investor base is growing broader and becoming more inclusive.
With both bond and equity markets facing major challenges, investors are increasingly seeking strategies that are not tied so tightly to the performance of the broader equity and fixed income markets. This trend has been picked up over several years by the Morningstar and Barron’s Alternative Investment Survey of US Institutions and Financials Advisors, the 2014-15 edition of which was
- 25/09/2015
- 25/09/2015
Independent execution broker and research provider ITG’s multi-asset platform for global listed and OTC assets, ITG RFQ-hub, has expanded its network of liquidity providers and is extending its footprint in North America.
ITG RFQ-hub connects buy-side trading desks and portfolio managers with a large network of sell-side market makers (liquidity providers), allowing them to place requests for quotes (RFQs) in negotiated equities, futures, options, swaps, convertible bonds, structured products, commodities and securities lending.
Over the past few months, ITG RFQ-hub has added eight sell-side liquidity providers in the US and 10 new sell-side liquidity providers in the EMEA region.
- 25/09/2015
In turbulent equity markets, the Saemor Europe Fund logged its 15th consecutive month of positive performance in August. The long book contributed negatively as markets plunged, while the shorts contributed positively.
The long book performed better than the market as it dropped less on an unlevered basis. Stock selection was most successful in Consumer Discretionary, but less so in Banks. Our stock selection model maintained its robust performance, a balanced view across all factors once again performed well. Profitability as well as most quality factors ended in the positive.
High quality stocks outperformed on the back of rising volatility.
- 25/09/2015
Perella Weinberg Partners has appointed Marie-Hélène S McAndrew has joined the Firm as a Managing Director in its Asset Management business. Based in New York, McAndrew will work with the Marketing and Client Services Team as a Product Specialist for the PWP Global Macro strategy.
PWP Global Macro strategy is a highly liquid, global macro strategy investing in equity indices, currencies, sovereign debt, credit, and commodities. The investment strategy is based on fundamental macro-economic research to establish predictive relationships between macro-economic factors and asset returns. The strategy is led by portfolio manager Maria Vassalou.
McAndrew has 20 years of
- 25/09/2015
Cargill de México SA De CV is to pay USD500,000 to settle CFTC charges over wash trades involving corn, soybean, and wheat futures on the Chicago Board of Trade (CBOT) and wheat futures contracts on the Kansas City Board of Trade (KCBT).
The CFTC order finds that on multiple occasions between March 2010 and August 2014 Cargill de México engaged in wash sales and unlawful non-competitive transactions in certain agricultural futures products, including corn, soybeans, and wheat on the CBOT, as well as in hard red wheat traded on the KCBT. Before orders for these trades were entered on an
- 25/09/2015
USD4.2 billion investment solutions provider La Française Global Investment Solutions (La Française GIS) has appointed credit derivatives specialist Michael Hattab-Maruani as a Senior Credit Portfolio Manager.
Hattab-Maruani’s investment banking and derivatives experience complements La Française GIS’ existing credit capabilities, which offer investors a flexible approach to credit investing and whose long-standing expertise spans the asset class.
Hattab-Maruani will be based in Paris and joins the team managing La Française GIS’ flagship credit opportunities strategy, which has produced annualised returns of 12 per cent since inception in 2013 (as of 31 August, 2015).
Hattab-Maruani’s hire is especially well timed
- 25/09/2015
A10 Capital has received a significant follow-on investment from BlackRock and THL Credit to fuel the future growth of its loan origination platform and on-balance sheet loan portfolio.
“We consider this additional investment by BlackRock to be a validation of our business model and leadership position in the industry,” says A10 CEO Jerry Dunn (pictured). “Being associated with the BlackRock family will enable A10 to continue to bring innovative solutions to our clients and fresh ideas on how middle-market commercial real estate can be financed.”
BlackRock is the world’s largest investment firm, with over USD4.72 trillion under management. Funds managed
- 25/09/2015
Old Mutual Global Investors is to launch the Old Mutual Absolute Return Government Bond Fund, which is a UCITs fund, and the Old Mutual Liquid Macro Fund, which is a Qualifying Investor Alternative Investment Fund on 7 October 2015.
The strategy will launch with USD150 million seed capital from Old Mutual plc.
The Funds will be managed by Russ Oxley and his team, who joined Old Mutual Global Investors from Ignis Asset Management earlier this year. Russ, the Lead Manager, and Co-Managers Adam Purzitsky and Paul Shanta, will be supported in their portfolio management and trading by Huw Davies
- 24/09/2015
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