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Prescient Fund Services, the fund administration business in the Prescient Group, has added global execution services to its offering.
Craig Mockford, Head of Prescient Fund Services, says: “Our global execution services include a single buy-side point of contact with brokers for access to global equities, derivatives, and foreign exchange markets.
“By handing over the dealing function, fund managers can focus on analysis.”
Established in 2010, Prescient Fund Services (PFS) is wholly-owned by JSE-listed Prescient Limited and offers specialist outsourced administration services to asset managers, multi-managers and other institutional investors. Services include segregated portfolio administration, unitisation, daily pricing and
- 04/03/2015
LCH.Clearnet’s SwapClear service will be launching new interest rate portfolio margining capabilities for its members and their clients around the world.
Under the new offering, market participants using SwapClear, the largest interest rate derivatives liquidity pool, and LCH.Clearnet's listed rates service will be able to maximise their margin offsets between OTC and listed interest rate derivatives, allowing them to more efficiently manage their collateral obligations.
Portfolio margining will be available on an open access basis, to regulated venues that list suitable interest rate derivatives. The initiative is expected to go-live within 12 months, subject to regulatory approval.
Daniel Maguire, Global
- 04/03/2015
Hedge fund capital invested in emerging markets fell at the end of 2014 from the record level established in Q3 on a combination of performance losses and investor outflows concentrated in funds with exposure to Russia.
The HFRI EM: Russia/Eastern Europe Index declined -18.6 per cent in 4Q14 bringing the 2014 full year loss to -26.5 percent, making 2014 the third worst calendar year decline for the Index. Hedge fund capital invested in Emerging Markets declined by USD1.4 billion in the fourth quarter to conclude 2014 at USD183.8 billion, according to the latest HFR Emerging Markets Hedge Fund Industry Report.
- 04/03/2015
The February 2015 average daily transaction value on the Euronext cash order book stood at EUR8,247 million (+24% compared to February 2014).
The average daily volumes on equity index derivatives were down at 225,995 contracts (-15% compared with February 2014), and the average daily volumes on individual equity derivatives were down at 264,767 contracts (-8% compared to February 2014).
Activity on commodity derivatives remained strong in February with an average daily volume of 52,474 contracts traded, up 18% when compared to February 2014.
Euronext had nine new listings in February that altogether raised more than EUR2 billion. In addition EUR1,211
- 04/03/2015
Multi-strategy hedge fund manager Deimos Asset Management has launched a new hedge fund management business with a strategic investment from Ares Management.
Deimos was formed through a management buyout of Guggenheim Global Trading, LLC, the former multi-manager, multi-strategy hedge fund platform of Guggenheim Partners. Ontario Teachers’ Pension Plan (Teachers) is an anchor investor in Deimos’ multi-strategy product through a managed account platform.
Deimos is led by Patrick Hughes and Loren Katzovitz, former co-heads of Guggenheim Global Trading, and Mark Standish, a former Group Executive of Royal Bank of Canada and Co-CEO of RBC Capital Markets, as Managing Partners. Deimos is
- 04/03/2015
The Chicago Board Options Exchange has added five new officers to its management team: Stephanie Klein, Chief Marketing Officer; Jennifer Lamie, Chief Regulatory Advisor; Stephanie Marrin Lara, Deputy Chief Regulatory Officer; Jordan Naylor, Vice President, Systems Development; and Steve Sinclair, Vice President, Systems Development.
As Chief Marketing Officer, Klein will build a holistic brand marketing strategy for the company to educate and engage a broadening global customer base around CBOE's position as the premier destination for options and volatility trading resources. She will utilise the full spectrum of traditional and innovative marketing channels, including print, digital, mobile and social media,
- 04/03/2015
- 04/03/2015
Sentiment for hedge fund industry growth is positive, with investors forecasting a 14.4% increase in hedge fund industry AuM during 2015, according to the latest Credit Suisse Annual Hedge Fund Investor Survey.
This represents an increase over last year’s forecast, which investors estimated at 12.0%. If accurate, this forecast growth would push industry assets over USD3 trillion for the first time in its history.
According to the survey – On the Path to Broader Horizons – which was produced by Credit Suisse’s Hedge Fund Capital Services Group and polled the views of 378 institutional investors, representing USD1.13 trillion of hedge
- 04/03/2015
The German financial regulator (BaFin) has recently adopted a reciprocal private placement policy whereby German funds not within scope of AIFMD are allowed to be privately placed into other EU member states, with corresponding funds from EU member states allowed to be privately placed into Germany on an expedited basis.
Hassans has taken a leading role in the drafting of a new private placement regime for Gibraltar, in part to satisfy BaFin’s requirements to gain reciprocal rights, and has acted for the first Gibraltar fund to gain approval from BaFin to privately place into Germany on a reciprocal rights basis.
- 04/03/2015
RCM Alternatives is to join forces with Attain Capital Management, acquiring its fund offerings, education, research and database assets while bringing its principals and employees under the RCM umbrella.
The transaction is expected to close in the first week of March.
Both Chicago-based companies specialise in pairing high net-worth individuals, investment advisors, and institutional investors with commodity-focused managed futures investments through separately managed accounts and private funds. The combination of these leading companies in the managed futures space underscores the growing demand for access to alternative investments that can work as a hedge against market volatility and provide diversification through
- 04/03/2015
A new hedge fund, first and foremost, needs to raise investment. There are a many factors which differentiate a successful investment round from an unsuccessful one, not least the experience of the fund managers, and whether the proposed strategy is convincing. All funds however need to demonstrate best practice around their risk.
- 04/03/2015
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