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361 Capital, a boutique asset manager offering institutional-quality alternative mutual funds, has held the soft close of the 361 Capital Managed Futures Strategy Fund.
The fund, which employs a distinct counter-trend approach in the pursuit of attractive risk-adjusted returns that exhibit low correlations to traditional stock and bond investments, will be closed to new investors beginning 30 September, 2015.
"Since our founding in 2001, we've endeavoured to be excellent stewards of our clients' capital," says Tom Florence (pictured), President and Chief Executive Officer of 361 Capital. "With that in mind, we've put forth great effort into measuring the capacity
FIX Flyer, a provider of electronic trading software to financial firms and the global capital markets, has integrated ZeroGC into its offering, which is designed to eliminate performance spikes while reducing overall latency.
ZeroGC is the result of two years of research and development with partners and clients. FIX Flyer has also achieved full certification of Java 8, which offers significant performance and security features over previous versions.
In addition to optimising performance, this latest release introduces powerful new tools for the developer. New storage and processing modules are available that include high performance message storage and the use of
Total hedge fund assets increased 0.35 per cent in July 2015, bringing the industry’s total assets under management to USD3.133 trillion, according to eVestment’s latest Hedge Fund Asset Flows report.
Investors withdrew an estimated USD5.0 billion from the industry in July, while performance increased AUM by an estimated USD16.1 billion.
With July’s USD5.0 billion outflow, investors have added an estimated USD64.3 billion into hedge funds in 2015 through July. This compares to USD102.1 billion through July of 2014, however investors redeemed nearly USD14 billion in the final five months last year.
Redemptions from event driven strategies in July
Environmental Financial Products (EFP) and CBOE Holdings are to launch the American Financial Exchange (AFX), an electronic marketplace for small and mid-sized banks to lend and borrow short-term funds.
EFP is a prominent, successful exchange incubator headed by Dr Richard Sandor, universally recognised as the "father of financial futures." CBOE is the creator of the listed options market and numerous other market and product innovations, including securities index options and the CBOE Volatility Index (VIX Index).
AFX was designed to bring the benefits of exchange trading, including standardisation, transparency and a rules-based process, to interbank lending, while substantially reducing transaction
The Hedgeweek USA Awards 2015, presented 10 September in NYC, brought together the leading names in the US hedge funds industry to celebrate the achievements of the best performing managers and service providers.
While the markets continue to pose challenges for both managers and investors, the industry is reaping the benefits of responding positively to growing regulatory demands while focusing on generating non-correlated results for investors.
The awards were determined by the votes of Hedgeweek's subscribers, who include institutional investors, wealth managers, fund managers and other industry professionals at firms including fund administrators, prime brokers, custodians, law firms, custodians and advisers.
Cowen Group is to join AltX’s team of strategic investors.
Cowen joins other lead investors of AltX including Wells Fargo & Company, Control Empresarial de Capitales, controlled by Carlos Slim, David Bonderman, founding partner of TPG Capital, Andy Redleaf, CEO of Whitebox and Jeff Ubben, founder of Value Act Capital, as well as other prominent global investors.
AltX, founded in 2012, is an intelligence platform for the alternatives market, combining science, technology, relational and behavioural data, along with traditional financial analytics and regulatory data, all in one platform. Analytics, proprietary algorithms, big data, real time news and relationship mapping help both
Convergence has released the Q2 update of the State of the Union of the Alternative Asset Management Industry. The report focuses on business trends among alternative asset managers, related assessments of changes in operating complexity and risk, and changes in operating productivity.
The data is sourced from SEC filings and enriched to provide a unique view into the infrastructure of over 15,000 RIA's. There were over 5,600 individual Advisor filings in Q2 2015.
According to the report:
• Advisor complexity increased given the 31 factors tracked
• The Complexity Index increased 7 per cent driven by a variety of factors
Guernsey has extended market access to EU Alternative Investment Fund Managers (AIFMs) and Alternative Investment Funds (AIFs) doing business in Guernsey.
The move follows the European Securities and Markets Authority (ESMA)’s advice to the European Council, the European Commission and the European Parliament that the EU Alternative Investment Fund Management Directive (AIFMD) passport should be extended to Guernsey.
Guernsey’s Government, the States of Guernsey, has now amended its Investor Protection regulations for AIFMs and AIFs based in EU Member States that have fully implemented AIFMD in order to enable easier movement between Guernsey and EU markets.
Guernsey’s Chief
McQuilling has formed a strategic alliance between McQ Holdings and JonesTrading Capital Markets Group. This relationship will provide a broad capital markets platform to the transportation industry.
Headquartered in New York, both McQ Holdings and JonesTrading will utilise their collective global reach of over 30 combined offices to provide capital solutions including: Public market traditional equity and debt transactions, At The Market Issuance programs (ATM’s), and structured transactions. The Group will also focus on providing select Private transactions and Private Equity blocks.
John Schmidt (pictured), President and CEO of McQuilling Partners, says: “Capital markets exposure has been a long-term
Cybersecurity has become a focus of the hedge fund industry lately and regulators are taking an increasing interest in assessing the resilience of firms to cyber attacks. The problem that hedge fund managers face, when starting to do such an assessment, is trying to find the right level of response; no easy task given the plethora of reports, commentaries on this subject.
To help cut through the noise, the Hedge Fund Standards Board has put together a 10-page cybersecurity memorandum, due to be published later this month. Thomas Deinet (pictured) is the CEO of the HFSB. He says: “You can
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