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Hedge funds were up 0.33 per cent in May with 2017 year-to-date gains coming in at 3.28 per cent, according to the June 2017 EurekaHedge Report.
Investor appetite for hedge funds has picked up pace since the start of the year, with net inflows of USD39.0 billion for the year following redemptions of USD55.1 billion in 2016.
AUM for the North American hedge fund industry has reached a record high of USD1.55 trillion as of May 2017. Since the Trump win in November last year, North American mandates have recorded a growth in AUM of USD56.3 billion – USD39.5
The Lyxor Hedge Fund index was about flat during the past week, according to the latest weekly brief from the Lyxor Cross Asset Research Team.
Lyxor says that CTAs lagged with losses concentrating in their long US and Canadian bonds, in their long CAD, as well as in their short soft commodities, while moves in other strategies were mild.
L/S Equity funds’ losses in growth and tech positions were offset by gains in financials. Returns among L/S neutral funds were heterogeneous. Neutral fundamental outranked quantitative approaches, which were caught by factors rotation. Event Driven funds were supported by the catch-up
Abacus Group, a provider of hosted cloud IT solutions for alternative asset funds, has enhanced its Abacus Client Portal, which gives asset managers greater control of and transparency into their AbacusFLEX cloud services.
The enhancements include two new modules giving unprecedented transparency into managed services provided by Abacus; real-time, on-demand charts, and enhanced visibility into services associated with each user account. The Portal enables Abacus clients to routinely monitor the inventory of Abacus services they are using for security, compliance or billing purposes as well as manage their data storage costs.
“With these enhancements to the Abacus Client Portal,
IHS Markit has formed a strategic alliance with Deloitte to address MiFID II regulatory challenges leveraging IHS Markit’s Outreach360 solution and Deloitte’s regulatory business advisory expertise via a managed service.
IHS Markit and Deloitte will offer customers a total solution for navigating MiFID II data standardisation, client outreach and counterparty terms of business repapering. Outreach360 provides a centralised tool to create, send and track status of regulatory client outreach communications while leveraging the existing network available on Counterparty Manager by IHS Markit. Deloitte brings a wealth of advisory consulting expertise including MiFID II knowledge along with a managed service capability
The European Energy Exchange (EEX) and Power Exchange Centra Europe (PXE) have successfully migrated the contracts previously listed on PXE onto the EEX T7 platform.
The offering comprises cash-settled power futures for the Czech Republic, Hungary, Slovakia, Romania and Poland. The contracts are available with monthly, quarterly and yearly expiries. Until 16 June, a volume of 117,965 MWh was traded in the new prod- ucts, now listed under EEX’s rule book in the T7 system.
David Kučera says: “We thank our members for supporting us in the migration process. This transition means that now more than 200 EEX participants
Financial technology group ayondo has expanded its product portfolio with the launch of Bitcoin trading, allowing its clients easy access to the price movement of Bitcoin without the need to open up an e-wallet to purchase bitcoin on the internet.
Bitcoin is a type of digital currency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds, operating independently of a central bank.
The digital currency has experienced rapid growth recently and can now be traded at ayondo via spread betting/CFD trading. Bitcoin is also available to signal providers
Beginning in 2018, Kempen has decided to cover external investment research costs as part of its strategy to comply with MiFID II. These costs however may still be passed on to clients under strict conditions.
MiFID II contains a provision that states that specific costs incurred for external investment research must be transparent and recognisable as such. The current practice is that trading and research costs are lumped together in a single fee, the commission that a client pays for a transaction. Separate pricing for external investment research, a move known in the industry as ‘unbundling’, should increase transparency in
Intercontinental Exchange has reported a new daily volume record of 3.35 million contracts for the Three Month Sterling (Short Sterling) futures contract set on 15 June, 2017. The previous record was 2.89 million contracts set in June 2014.
On 13 June, ICE’s FTSE 100 Index futures contract traded over one million contracts for the first time since its launch in 1984, setting a new daily volume record of 1.14 million contracts. The previous record was 862,468 contracts set in March 2014.
The records follow an increased focus on the UK following the recent general election. In addition, despite no
Just a decade ago, the cyber threat landscape was far less pronounced, but thanks to significant advances in IT, mobile technology and digital platforms, the threat of cybercrime has grown exponentially and poses risks across the global industry and for national critical infrastructure (power stations, hospitals, dams, financial services).
As managers in the financial services industry increasingly adopt digital technologies, they increase the number of attack surfaces and weakness points within their networks. As a fund manager introduces a new counterparty into their network, the exact increase in risk is unknown but it may likely be substantial.
“Unless you are
Polen Capital, an independently owned global investment manager, has launched a US Small Company Growth strategy to be led by Tucker Walsh from a new office in Boston.
Walsh has managed small cap portfolios and researched small cap companies for more than 25 years and brings a wealth of leadership experience from his roles as CEO and Head of Portfolio Management at Copper Rock Capital. He will build and head Polen Capital’s Small Company Growth Team as an autonomous unit out of a new Boston office.
The US Small Company Growth strategy seeks to outperform by investing in stocks
