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CME Group is to launch Ultra 10-Year US Treasury Note futures and options for early in the first quarter of 2016. The new contracts will be listed with, and subject to, the rules and regulations of the CBOT, pending certification of contract terms and conditions with the CFTC and completion of all applicable regulatory review periods.
The new Ultra 10-Year US Treasury Note futures will allow for delivery of original issue 10-year US Treasury notes with remaining terms to maturity at delivery of at least 9 years 5 months and not more than 10 years. By comparison, the existing 10-Year US Treasury
The AltFi Global Summit 2015 is the world’s No1 alternative finance-focused conference, and the only event to scrutinise the full range of alternative financing products – from debt, to equity, to receivables.
The Summit will take place at Convene in NYC on 2 November, a little under three weeks away. It’s your opportunity to take a deep dive into an industry that is transforming the way that financial services function, whilst providing a bold new asset class for investors in the process.
At AltFi.com, we have our finger on the pulse. Our event will explore the industry’s most pressing questions,
Gottex Group has appointed Laurent Chevallier as a senior member of its portfolio management team.
Chevallier has 16 years of experience with alternative investments having worked for Quest Partners, Bucephale Investment Managers and Unigestion. For the past four years, Laurent was most recently Portfolio Manager of the Vasken macro fund, a fund with a strong tail risk protection bias, trading systematic macro themes, trends, carry trades – in forex, yield curves and commodities – and index spreads.
Arpad Busson, Executive Chairman, says: “As Gottex pursues its strategic initiative in the area of Altermative Risk Premia, Laurent’s hands-on experience managing
Several top US alternative investment managers are poised to boost investments in energy and natural resources sectors, according to Fitch Ratings.
However, given the uncertainty about how long downward pressure will remain on energy and commodity prices, there is the potential that Fitch-rated alternative investment managers may overextend into energy and natural resource risks at the wrong time. While the direct investment risk would be largely borne by fund investors, alternative managers that have material missteps could experience reduced fee generation, impaired balance sheet co-investment and reputational damage. As a result, future fundraising may be affected.
The collapse of
All six of IndexIQ’s IQ Hedge investable hedge fund replication indexes recorded negative performance in September.
The month’s biggest loser was the IQ Hedge Long/Short Index with a return of -2.10 per cent followed by the IQ Merger Arbitrage Index (-2.04 per cent), the IQ Hedge Event Driven Index (-1.20 per cent), the IQ Hedge Global Macro Index (-1.20 per cent), the IQ Hedge Multi-Strategy Index
(-0.86 per cent) and the IQ Hedge Global Macro Index (-0.36 per cent).
The month’s best performer was the IQ Hedge Market Neutral Index which saw a drop of -0.19 per cent.
Managed Funds Association (MFA) President and CEO Richard H Baker has released a statement regarding the US Securities and Exchange Commission’s comprehensive report on private fund reporting detailed in Form PF.
Baker says: “MFA Members welcome the release of this data, which provides even more transparency into our globally-regulated industry.
“Alternative investment managers play an active role in the more regulated, more transparent capital markets brought about by the Dodd-Frank Act. MFA Members embraced many of these changes and continue to advocate for globally-consistent regulations that foster fair and efficient markets for all investors. Increased reporting requirements were part of
This recent factsheet from Preqin takes a detailed look at the hedge fund industry in France, including the strategy and structure preferences of investors, the number of hedge fund launches each year, fund terms and conditions, the largest hedge fund managers and performance.
View the full factsheet here.
Perella Weinberg Partners (PWP) has formed a strategic advisory board which will provide the firm’s management team with strategic advice on key industry and business-related matters.
The seven initial members of the Advisory Board are: Walter Isaacson, Aspen Institute President and CEO; Jorma Ollila, former Royal Dutch Shell Chairman; Robert Pozen, former Fidelity Investments Vice Chairman; Ivan Seidenberg, former Verizon Communications Inc. Chairman and CEO; Jane Sherburne, former Senior Executive Vice President and General Counsel for BNY Mellon; Daniel Yergin, IHS Vice Chairman; and Robert K Steel, PWP CEO.
“As we approach the next ten years of the firm’s
The Preqin All-Strategies Hedge Fund benchmark returned -1.44 per cent in September, marking another difficult month for hedge funds as relative value funds were the only top-level strategy to see positive performance.
This is the fourth consecutive month of negative returns for hedge funds, the longest negative period since Jun – Nov 2008. Overall returns for 2015 YTD now stand at only 0.18 per cent, with the year on course to have the lowest returns since 2011.
However, with the S&P 500 currently returning -3.14 per cent for the year so far, hedge funds are still outperforming public markets.
Data analytics and advisory company Convergence has launched its ‘Best Fit’ service for advisers allowing users to identify service providers who are most closely aligned with the operating complexity of their business model.
Convergence has identified 31 unique operating complexity factors that will help focus the choice of service provider based on data driven metrics.
Advisers can use Best Fit to streamline their service provider sourcing and RFP process by focusing on the most appropriate 'short list' of service providers based on the complexity factors that are most important to them. Best Fit can be used to create the right alignment upfront in the RFP process
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