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Welcome to the inaugural edition of the Hedgeweek end of year editorial report: Reflections on 2015. We are excited to bring to you, our readers, what we hope will be the first of many such annual reports. In this first edition you will find a wide selection of some of the most important articles that Hedgeweek has put together throughout the year, which best serve to illustrate key developments shaping the global hedge fund industry; all neatly packaged and presented. Xmas has indeed come early!
The hedge fund industry has undergone an incredible transformation in recent years. Fund managers have
A number of African energy ministers, and strong representation from US inter-governmental agencies, not to mention leading executives of African utilities, will all be in attendance at the 2nd annual Powering Africa: Summit, taking place between 27 and 29 January, 2016 at the Marriott Marquis hotel in Washington DC.
The Summit, organised by EnergyNet, brings together USAID, Power Africa, Millennium Challenge Corporation and other US inter-governmental agencies with Africa’s Energy and Infrastructure Ministers and other key stakeholders in the energy sector to discuss investment opportunities.
The first annual Powering Africa: Summit took place in January 2015, following the first ever US
Alternative asset manager Aquila Capital has further refined its Risk Parity strategy with the aim of increasing the expected returns from already highly valued asset classes and to provide better protection from market corrections.
First, Aquila Capital has improved the resilience of its AC Risk Parity Funds to simultaneous losses incurred across asset classes through the implementation of an enhanced risk management system that went live in December 2014. Second, potential returns of the Funds will be improved through broadening the diversification within the existing asset classes.
In addition, Aquila Capital has lowered the fees of the AC Risk
Northern Trust has appointed Belinda Burgess as head of Channel Islands, replacing Paul Cutts who assumes the newly created role of head of Alternative Investment Services for Northern Trust Global Fund Services across Europe, Middle East Africa (EMEA).
Burgess who joined Northern Trust in 2005 was most recently head of Northern Trust in the Nordics. Reporting to Wilson Leech, head of Northern Trust in EMEA, she is responsible for supporting the continued growth of Northern Trust’s business in the Channel Islands.
Northern Trust first established an office in the Channel Islands in 1972 and today is the largest administrator of
The ECB decided to take additional easing steps on December 3rd, but as we feared the measures did not meet market expectations. As a result, equity and bond markets sold off in Europe, with global contagion effects on risk assets. The EURUSD bounced back while commodities rose as a result of a falling USD. The latter was also related to a testimony by J Yellen expressing a gradual approach to Fed rate hikes.
Euronext is to contest today's claim and fine by the Autorité des Marchés Financier (AMF), the French regulator, concerning events surrounding the rise of high frequency trading in 2009.
Euronext has been fined EUR5 million by AMF, the French market regulator, a penalty is has described as ‘totally disproportionate and completely anachronistic’. Euronext plans to contest the claim that it failed to meet its professional obligations and favoured one market member over others. The company says that In no event did it ever compromise the market’s integrity when, in 2009, it deployed pilot programmes linked to the new high frequency
Mizuho Alternative Investments and Wilshire Funds Management are to jointly create, develop, structure and distribute risk premia investment solutions to institutional investors and financial intermediaries.
Mizuho, one of the largest financial institutions in Japan, and Wilshire, a leading global investment consulting, technology and investment management firm, bring to the table a long history of experience servicing some of the world’s largest institutional investors.
“Wilshire Funds Management offers expertise across multiple disciplines, such as customised portfolio management, risk management, infrastructure and operations. We are very excited about the opportunity to work with Wilshire and look forward to a deep and long-standing
Hedge funds extended the prior month’s gains in November, driven by strong Macro & CTA performance, according to data released today by HFR.
The HFRI Fund Weighted Composite Index® gained +0.5 per cent for the month (Index Value = 12,460), paring 3Q declines and lifting the Index to a YTD gain of +0.3 per cent for 2015. Recent performance gains have increased total hedge fund capital to $2.92 trillion through November, narrowly below the mid-year 2015 record of $2.93 trillion.
Hedge fund performance in November was driven primarily by Macro, CTA, Activist and Technology exposures, as the HFRI Macro Index
Cordium, a provider of compliance consulting, accounting, tax and software to the financial services industry, has launched a cybersecurity training video designed to help firms protect themselves against breaches.
Cordium says that major cybersecurity violations are frequently making headlines across the globe and as a result data protection is high on regulators’ agendas. Despite the news focusing on large organisations, over 60 per cent of all cyber-breaches happen to small companies. Cordium believes that its new training video provides firms and their employees with all the information and best practice advice they need to ensure their data and network
The Roberts Group (TRG), a provider of market data and subscription management solutions, has reported a record increase in new clients looking to better understand and manage their enterprise subscriptions and expenses.
Led by the universal need to drive down costs and maximise efficiency within market data and information services spend, TRG has doubled its new sales growth year over year and has seen significant success in the Australian market, investing time and resources to support its work with some of the largest banks in the region. TRG’s commitment to quality client service is what has led to a 95
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