Latest News
Deloitte has strengthened its hedge fund practice with two key appointments for the UK and EMEA regions.
Chris Farkas joins Deloitte as UK hedge fund leader. He was Deutsche Bank’s European head of hedge fund consulting in its prime brokerage group, working with global top 100 hedge funds and significant hedge fund start-ups.
Prior to Deutsche Bank, Farkas was head of sales at GlobeOp and executive director on the Goldman Sachs European hedge fund consulting team.
Farkas’ appointment follows the announcement that Deloitte’s Brian Forrester will take on the role of hedge fund leader for the Europe, Middle
- 26/09/2014
- 26/09/2014
Bitcoin, gold and sterling exchange Netagio has partnered with Isle of Man payment services provider WalPay, allowing customers to deposit funds and receive international payments in GBP, EUR and USD.
Further currencies are to follow.
The new banking facilities, in place from 25 September 2014, are underpinned by European banking partners that are authorised and regulated in accordance with the European Payment Services Directive.
In addition, the partnership with WalPay will soon enable Netagio customers to make credit and debit card payments to their Netagio trading accounts, once the integration has been completed. Any Netagio customer holding a
- 26/09/2014
- 26/09/2014
Monetary policy divergence is not the only kind of divergence in the global economy that is contributing to a prolonged global and US economic expansion, says BNY Mellon Chief Economist Richard Hoey…
Currency markets can be a mechanism for redistributing growth and inflation within the global economy. “Expectations of future monetary policy divergence have been generating favourable trends in currency divergence. We expect a prolonged global and US economic expansion.
With a reduction in the fiscal drag and the deleveraging drag, combined with the gradual adjustment of the financial system to restrictive financial regulation, some acceleration in the pace of
- 26/09/2014
Foreign Exchange Professionals Association (FXPA), a new trade body comprised of a cross-section of FX industry participants, is now up and running.
Based in Washington, DC, FXPA’s aim is to engage key US and international regulators, policymakers, the general public and news media, through a combination of education, research and advocacy to advance a sound, liquid, transparent and competitive global currency market.
Diversity of membership is embedded in FXPA’s organisational construct to ensure wide representation of the professional FX market. Founding members include the buy-side, exchanges, clearing houses, trading platforms, MTFs, technology companies, banks and non-bank market participants.
- 26/09/2014
- 26/09/2014
By Dawn Howe (pictured) and Michael Padarin, Walkers – From the point of view of a Cayman Islands investment funds lawyer it seems as if FATCA dawned on most clients around January 2014, even though it's been gestating for a number of years. The wake up call was usually a GIIN request from the client's prime broker, resulting in a scramble to get up to speed and implement a FATCA compliance program within their fund complex.
This article is intended to share other asset management clients' experience of FATCA over the course of this year, and should hopefully allow you breathe a
- 26/09/2014
- 26/09/2014
A study by Aquila Capital's quant team demonstrates how a ‘Factor Premia’ approach to investment can deliver additional sources of return and improve portfolio diversification when added to a balanced risk parity portfolio.
According to Aquila Capital, the addition of a ‘Factor Premia’ approach could help a risk parity portfolio to better withstand times of market stress, as seen in May and June 2013.
Aquila’s ‘Factor Premia’ approach moves away from the traditional view of asset classes and instead looks at the underlying forces – the factors – that actually drive asset prices. Its new ‘Factor Premia’ study provides
- 26/09/2014
The International Swaps and Derivatives Association (ISDA) and Markit have launched the ISDA Canadian Representation Letter on ISDA Amend, a joint electronic solution that streamlines aspects of compliance with Dodd-Frank, EMIR and other over-the-counter derivatives regulatory requirements.
On 14 November 2013, the Ontario Securities Commission (OSC), the Manitoba Securities Commission (MSC) and the Autorité des Marchés Financiers (AMF) published Rule 91-507 requiring reporting counterparties to report certain derivatives data to designated or recognised trade repositories with respect to transactions involving local counterparties. Trade reporting requirements in Canada begin on 31 October 2014.
Lansing Gatrell, managing director and head of Markit’s
- 25/09/2014
The gap between the best and worst performing hedge funds has narrowed during the first half of 2014, according to BlackRock’s latest analysis of the hedge fund industry.
Hedge fund managers’ performance varied widely in 2013, but 2014 has seen the spread narrow between the top and bottom managers.
Top decile hedge funds returned 11 per cent, compared to losses of five per cent for bottom decile hedge funds, narrowing the range from the previous year.
In 2013, the inter-decile range was between 15.5 per cent to -6.5 per cent.
Alpha, or the component of these returns
- 25/09/2014
Hedge funds may drive initial demand for Shanghai-listed stocks through a linkage of the city’s bourse with that in Hong Kong, according to Goldman Sachs, reports Bloomberg.
The link will tap into pent-up demand from hedge funds to buy Yuan-denominated class-A shares traded in Shanghai, said Shane Bolton, head of Asia prime brokerage at the New York-based bank. Long-only managers may grapple with pre-trade requirements that are different from their usual practice at the beginning, he added.
Foreign investors so far can only buy Yuan shares listed in Asia’s second-largest stock market through the qualified foreign institutional investors, or QFII, and the
- 25/09/2014
Listed hedge funds have outperformed the S&P 500, the HFRI Fund Weighted Composite index and the HFRI Fund of Funds index, according to research from alternatives investment bank Dexion Capital.
The analysis compared the returns from single manager listed hedge funds against the indices peak-to-peak from November 2007, the last market peak, through to August 2014, the current market peak.
Over the period, the S&P 500 has generated total returns of 50.3 per cent (6.1 per cent pa), HFRI’s Fund Weighted Composite has returned 20.6 per cent (2.8 per cent pa) and the Fund of Funds Composite index returned
- 25/09/2014
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