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Hedge funds were up 1.35 per cent in January, according to the Barclay Hedge Fund Index compiled by BarclayHedge, with all but two of Barclay’s 17 hedge fund indices gaining ground during the month.
Emerging Markets got off to a fast start in 2017 with a 2.63 per cent gain, Technology was up 2.57 per cent, Healthcare and Biotechnology gained 2.22 per cent, the Event Driven Index added 2.08 per cent, and Distressed Securities were up 1.78 per cent.
“A global stock market rally pushed US equity prices to new all-time highs — again, as the promise of tax
The European Power Exchange EPEX SPOT and European Commodity Clearing (ECC) have been chosen by the Irish transmission system operators EirGrid and SONI as service providers for the Integrated Single Electricity Market in Ireland (I-SEM).
Together, they will support EirGrid and SONI to set up the new local power exchange SEMOpx which will operate the Day-Ahead and Intraday markets in Ireland.
The product offering will comprise a Day-Ahead auction coupled with the rest of Europe and continuous and auction intraday markets.
The project partners envisage to launch all markets by mid-2018. In its capacity as a central counterparty,
Roy Niederhoffer (pictured) graduated magna cum laude from Harvard with a degree in Computational Neuroscience in 1987 and has seen a lot of quantitative hedge funds come and go since 1993, when he established RG Niederhoffer Capital Management Inc, a quantitative trading advisor that employs a short-term contrarian investment strategy taking its inspiration from the field in which Niederhoffer studied.
Niederhoffer will be sitting on the panel Artificial Intelligence – should we unplug man from the machine? at next month’s Amsterdam Investor Forum. In his view, whilst it is clear that in some domains machine learning and artificial intelligence is starting
Boutique asset manager Unigestion has launched Uni-Global – Alternative Risk Premia, an actively managed strategy to provide investors with cost-effective and liquid sources of returns modestly correlated to equity and bond returns.
It complements Unigestion’s existing line of direct alternative offers, including the Uni-Global – Cross Asset Trend Follower, Uni-Global – Alternative Equities Compass World, the Unigestion Long/Short Global Opportunities fund and the Uni-Global – Absolute Return.
The launch of this strategy addresses three major concerns for investors and the asset management industry.
Firstly, expected returns for traditional investments are not very attractive, as bond yields remain at
GAM has appointed Matthew Beesley as head of equities.
Beesley, former head of global equities at Henderson, will work with all of the GAM equity teams to optimise performance and risk management, ensure strong links with sales, marketing and operations and also drive information collaboration across teams.
Beesley has more than 19 years of investment experience. He starts on 6 March 2017 and will be based in London.
GAM fund managers benefit from the freedom to follow their own investment philosophy and processes, with active conviction investment styles that are not wedded to benchmarks.
Group CEO Alexander
Enstar Group has appointed Jie Liu to its board of directors, effective 21 February 2017.
Liu is a managing director of Hillhouse Capital Management and has been with the company since 2015.
Prior to joining Hillhouse, he was head of credit and a senior portfolio manager for Sentry Investments, a Canadian asset manager, for over five years.
Liu has also served as a fixed income research analyst at RBC Capital Markets and a credit rating specialist at Standard & Poor’s.
Dominic Silvester, Enstar’s chief executive officer, says: “We have worked alongside Jie in recent months as Hillhouse
INTL FCStone’s precious metals division has launched a physical gold trading platform, PMXecute+.
PMXecute+ allows customers access to INTL's entire global inventory and network of supply partners, helping them find the best offers 24 hours a day, seven days a week.
Customers who do not see offers meeting their specific requirements (regarding quantity, specification or location) can use the platform's Request for Quote function, which notifies all relevant suppliers around the world.
Suppliers can anonymously create firm or indicative offers (premium, location, expiry date) on the platform for all customers to view and, if they like what they see,
UK hedge fund manager Crispin Odey will be the keynote speaker at this year’s Guernsey Funds Forum.
The founding partner of Odey Asset Management will top the bill for the annual event, which this year is titled “Real funds and real money in a post-truth world”.
It takes place on 11 May at etc. venues, 155 Bishopsgate in London.
Guernsey Finance chief executive Dominic Wheatley says Odey will add gravitas and context to the event.
“Crispin is one of London’s best known hedge-fund managers and his wealth of knowledge and experience is sure to bring a fascinating
The Depository Trust & Clearing Corporation (DTCC) has completed a proof-of-concept to better manage the netting process for US Treasury and Agency repurchase agreement (repo) transactions leveraging distributed ledger technology (DLT).
Working with Digital Asset, a developer of DLT solutions for financial institutions, the two companies have demonstrated for the first time the successful netting of “start” leg repo transactions with prior end-of-day net securities obligations in the DTCC environment.
With phase one now complete, DTCC and Digital Asset have progressed to phase two where they will form a stakeholder working group comprised of leading market participants active in
Rayne Capital Management has added two senior partners to the company's executive and portfolio management team.
Mitchell Molloy will join as managing partner and David Szybunka will become lead portfolio manager for Rayne Energy, each subject to the receipt of required regulatory approvals.
Molloy and Szybunka will both oversee the Rayne Energy mandate, a long/short absolute return-focused strategy that leverages Rayne Capital's local presence and expertise in the Canadian oil and gas sector.
"We are very pleased to have both Mitch and David joining the team as we move forward with the next stage of growth
