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Four out of six of Market Vectors Index Solutions (MVIS) investable Long/Short Equity Indices recorded negative performance in March.
Each index is constructed using transparent, liquid ETFs and US Treasury securities to produce hedge fund-style returns without hedge fund pricing, opaqueness and redemption restrictions.
The Market Vectors Emerging Markets Long/Short Equity Index was the month’s biggest loser down 1.43 per cent followed by the Market Vectors North America Long/Short Equity Index (-0.54 per cent), the Market Vectors Asia (Developed) Long/Short Equity Index (-0.14 per cent) and the Market Vectors Global Event Long/Short Equity Index (-0.11 per cent).
The Market Vectors
- 06/04/2015
ACE Limited and BlackRock have launched ABR Reinsurance, an innovative, independent reinsurance company.
Through unique long-term arrangements, ACE Group will be the sole source of reinsurance risks ceded to ABR Re, and BlackRock will be ABR Re’s exclusive investment management service provider. ABR Re will underwrite a portion of a broad selection of reinsurance treaties that ACE places with the traditional reinsurance market and will invest its assets in a diversified and dynamic alternative investment portfolio managed by BlackRock, the world’s largest investment manager.
ABR Reinsurance Capital Holdings Ltd., ABR Re’s parent company, has raised approximately $800 million of capital
- 06/04/2015
- 06/04/2015
To what extent have UCITS and AIFMD created market harmonisation and allowed cross-jurisdiction selling? Answers provided by Christopher Jehan of the Guernsey Investment Fund Association.
Question: How widespread is the ability of a fund in one jurisdiction to sell into another or do for example, non-EU managers struggle to access the European investor base?
Christopher Jehan: To take that in reverse I would say that yes, non-EU managers still struggle to access the European investor base. The advent of the Alternative Investment Fund Managers Directive (AIFMD) has certainly improved that for institutional investors but is still limited because the third
- 06/04/2015
“Most people think that of the USD3tn we spend on healthcare in the US, USD1tn is wasted. If we succeeded in taking out that waste and were paid 20 per cent of the cost savings, it’s a USD200bn annual revenue opportunity for. It’s massive,” says Richard A Kimball, Jr, co-founder and CEO of HEXL, a healthcare technology business focused on designing beneficial programs to change the industry incentives and leverage tele-health, home healthcare, preventative care and chronic disease management.
The US healthcare system is dysfunctional and not delivering the value that our society needs. More than two times per
- 06/04/2015
Guernsey is at the forefront of standards on tax transparency and information exchange, according to Tony Mancini, Head of Tax at KPMG in Guernsey.
Interviewed by Caroline Hyde on Bloomberg’s Countdown show, Mancini was questioned on how Guernsey was responding to calls for the Crown Dependencies of Guernsey, Jersey and the Isle of Man and other British Overseas Territories to establish public registers of offshore firms. Mancini responded by pointing out that the steps already taken by Guernsey put it ahead of others, including the UK.
“If you are a UK resident or anywhere [else] for that matter and you
- 06/04/2015
- 06/04/2015
A plethora of new regulation coming down the pipeline but how is it impacting fund distribution, asks Dominic Wheatley, Chief Executive of Guernsey Finance.
Since the global financial crisis there has been a plethora of new regulation and legislation coming down the pipeline which, to a greater or lesser degree, is impacting international asset management.
This includes the US’ Foreign Account Tax Compliance Act (FATCA), measures from Organisation of Economic Cooperation and Development (OECD), such as the Common Reporting Standard (CRS) and the Base Erosion and Profit Shifting (BEPS) project, and the European Union’s Markets in Financial Instruments Directive (MiFID)
- 06/04/2015
Dermot Butler, former Chairman of Custom House Group, and Lancelot Frick, Principal of Frick Capital, have formed SwissRepCo to help non-Swiss fund managers market their funds in the country following recent regulatory changes.
FINMA, the Swiss Financial Market Supervisory Authority recently changed its rules to stipulate that any foreign hedge fund, looking to raise assets in Switzerland from qualified investors, must appoint a Swiss-based legal representative and Swiss bank as paying agent: the new rule came into place on 1 March 2013 and deferred under certain circumstances to 1 March 2015.
After more than 45 years in the financial
- 06/04/2015
The TCW Group, a global asset management firm, has appointed Felice Shiroma, as a senior portfolio specialist and client portfolio manager for the TCW Relative Value Group.
In this capacity, she is responsible for managing client relationships and representing the firm’s Relative Value equity products, including the TCW Relative Value Large Cap, the TCW Relative Value Dividend Appreciation, and the TCW Relative Value Mid Cap strategies and funds. Shiroma is based in TCW’s New York office and reports to Diane Jaffee, CFA, Group Managing Director of US Equities and Senior Portfolio Manager.
“Having worked in the industry for 25 years
- 02/04/2015
Diamond Hill Investment Group has appointed Tom Skowron as a portfolio specialist.
Skowron will primarily be focused on supporting Diamond Hill's fixed income strategies working closely with Strategic Income portfolio managers Bill Zox, CFA and John McClain, CFA. He brings 23 years of investment industry experience, most recently with JPMorgan Asset Management's High Yield team in Cincinnati, Ohio.
"Tom brings broad experience across multiple investment strategies," says Lisa Wesolek, Chief Operating Officer and Head of Distribution. "We are especially excited about his experience with the high yield asset class and expect him to immediately add value for our fixed income
- 02/04/2015
The US Commodity Futures Trading Commission is providing no-action relief, subject to specified conditions, to registered provisionally swap dealers from compliance with certain Commission regulations.
The relief is provided to swap dealers from compliance with certain Commission regulations related to business conduct standards with counterparties and swap trading relationship documentation when entering into swaps with certain special purpose vehicles in existence prior to 10 October, 2013.
- 02/04/2015
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