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Managed futures traders lost 1.60 per cent in August according to the Barclay CTA Index compiled by BarclayHedge. The Index is down 1.08 per cent year to date.
“A global retreat from risk assets precipitated by China’s unexpected announcement of a currency devaluation weighed heavily on prices for commodities, equities, and Asian currencies,” says Sol Waksman (pictured), founder and president of BarclayHedge.
Six of Barclay’s eight CTA indices had losses in August. The Diversified Traders Index was down 1.69 per cent, Systematic Traders lost 1.33 per cent, Financial/Metals Traders were down 0.68 per cent, while the Discretionary Traders Index
Interest rate volatility is like a storm cloud building on the horizon. The US Federal Reserve has kept rates stable for nigh on a decade, but global asset managers are now preparing for their fixed income portfolios to feel the impact of a rate rise later this year.
In a speech delivered at Jackson Hole on 29 August, US Federal Reserve Vice Chairman Stanley Fischer gave the latest indication of an imminent interest rate hike by saying: “There is good reason to believe that inflation will move higher as the forces holding inflation down – oil process and import prices, particularly
Ogier has appointed Bryon Rees as a partner in its unds and corporate practice in Guernsey.
Rees joined Ogier in 2005 and has a broad practice, although with a focus on investment fund, corporate, regulatory and finance related work.
Rees is a Guernsey advocate, South African attorney and English solicitor. Legal directories describe him as technically excellent with great communication skills.
Ogier partner Marcus Leese says: “Bryon Rees has played a central role in our investment fund practice in Guernsey, supporting its early growth and more recent development alongside partners William Simpson and Frances Watson. Bryon has particular
The Depository Trust & Clearing Corporation (DTCC) has appointed Mark Wetjen (pictured) as Managing Director with responsibility for leading the firm’s global public policy function and related business and legal activities.
Wetjen will join DTCC on 28 September, 2015, and will be based in Washington, DC. He will report to Larry Thompson, Vice Chairman of DTCC and General Counsel.
“We are delighted to welcome Mark to DTCC as we continue to grow our role as a resource on how financial market utilities can help achieve the risk mitigation and transparency goals of policymakers,” says Thompson. “Mark’s reputation for consensus-building
Ultimus Fund Solutions has been selected by Topturn Capital to provide comprehensive fund administration and distribution services for the firm's first mutual fund.
The Monterey, California-based alternatives manager launched the fund through the Ultimus Managers Trust, leveraging Ultimus’ administration, distribution and compliance expertise to seamlessly deliver a proven private fund investment strategy to mutual fund investors. Topturn is the latest in a series of hedge fund managers looking to increase their distribution by launching new mutual funds through the Ultimus Managers Trust, the firm’s series trust offering.
“We’re proud of our ability to create customized plans which support the
Guernsey’s financial services regulator approved 18 new investment funds during the second quarter of 2015, resulting in a total of 112 additions for the year ending 30 June 2015.
Figures from the Guernsey Financial Services Commission (GFSC) also show that the net asset value of all funds under management and administration in Guernsey fell by GBP2.3 billion (-1 per cent) during the second quarter to GBP219.9 billion. The value of deposits held by banks in Guernsey increased by GBP0.2 billion (0.2 per cent) during the same period to reach GBP83.6 billion; representing a rise of GBP6.1 billion (8 per cent)
Both new hedge fund launches and liquidations declined through mid-year 2015 as financial market volatility increased and HFRI performance topped equity markets through 1H15.
New hedge fund launches totalled 252 in 2Q15, a narrow decline from 264 in the prior quarter but a slight YoY increase over the 2Q14 launch total of 240 new funds, according to the latest HFR Market Microstructure Report. With a total of 516 funds launched in 1H15, the number of new launches is on pace for its lowest level since 2010. As previously reported by HFR, total global hedge fund capital increased to a record
Drawing on data compiled for the recently-released 2015 Preqin Alternative Assets Performance Monitor, Preqin has created league tables of hedge funds that have most consistently delivered strong, stable performance. The league tables do not seek in any way to endorse these funds, but rather to illustrate those that have performed the most consistently over the period June 2010 – June 2015. Seven top-level strategies are represented – Equity, Macro, Event Driven, Credit, Relative Value, Multi-Strategy, and CTA – with all of the top 10 equity strategies funds scoring over 90 out of 100 across all metrics.
To identify the
The average family office portfolio allocates approximately 9 per cent to hedge funds, up from allocations of 7 per cent in 2014, according to The Global Family Office Report 2015, produced by Campden Wealth Research, in partnership with UBS.
The average family office, with assets under management of USD806 million, invested approximately USD73 million in hedge funds in 2014, primarily in long/short equity and global macro strategies. Hedge funds are particularly popular with North American and Emerging Market family office portfolios.
The Global Family Office Report 2015 surveyed principals and executives in over 224 family offices (based in 37
Digital Realty Trust and GMEX Technologies are to establish multiple global hubs for new product exchanges and trading venues in Digital Realty’s facilities. The first hub will be located in London at Digital Realty’s Chessington data centre.
The London trading hub will enable established communities to access and trade emerging markets securities easily, cost-effectively, and securely from a central location. Market operators will be able to expand beyond their own geographical boundaries and provide new opportunities for market participants to access a wider range of asset classes – including securities, commodities, derivatives, and FX.
“Building on our established capital
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