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Kintore, the new investment system based on gold from Insch has seen a return of 11.5 per cent in its first month of trading client capital.
Insch Kintore is entirely algorithmic and the company says that ‘for reasons of performance and topicality, we expect this coverage to intensify’.
The company also points out that during its first month most gold funds, ETFs and miners suffered heavy losses.
Insch Kintore trades gold as a base ‘currency’ against six other currencies (USD, AUD, JPY, EUR, CHF and GBP).
The firm writes: “The idea of treating a commodity as
American Capital is to launch American Capital CLO Fund I, LP, a new USD450 million fund focused on investing in equity tranches of collateralised loan obligations (CLOs).
Closing of the Fund is expected to occur within 90 days and is subject to standard conditions. The transaction further expands American Capital's asset management business and will increase American Capital's third-party earning assets under management by USD450 million, or 3 per cent.
The Fund, which will be comprised entirely of third party investors, will purchase USD300 million of American Capital's existing CLO equity portfolio at its fair value as of 30 June,
New York City is home to over a third of all the assets in the hedge fund industry today. We provide a comprehensive overview of the hedge fund industry in New York City, including New York City-based investors’ plans for the next 12 months, the number of hedge fund launches each year, fund terms and conditions, the largest hedge fund managers and performance.
Read the full factsheet here, featuring charts and tables showcasing the latest Preqin data on New York City-based hedge funds.
July brought dispersion across geographies and asset classes. As fears about a Grexit receded, European equities and fixed income rallied, according to GAM’s latest Hedge Funds Industry Update.
While other developed equity markets generally followed suit, China sold off steeply on retail selling pressure and fears of highly leveraged local retail investors further reducing their holdings. Returns varied across asset classes, global equities, investment grade credit and government bonds in the positive versus significant weakness among commodities. The US dollar index closed up 1.9 per cent for the month at the expense of the euro, the yen and many emerging market
Convergex, an agency-focused global brokerage and trading related services provider, has launched a new Capital Commitment Crossing Algorithm for options facilitation trading.
This innovative algorithm gives liquidity providers a new level of control over how they manage their own exposure as they facilitate block trades on behalf of their options customers.
Liquidity providers can use the Capital Commitment Algorithm to customise their interaction with the marketplace when facilitating customers’ options orders, taking into account factors such as the price committed to such customers and the liquidity providers’ existing positions or capital constraints.
“We’re pleased to be able to
Advent Capital Management UK has launched the Advent Global Convertible Fund, a UCITS-regulated umbrella fund domiciled in Ireland.
The fund seeks a positive total return by investing primarily in convertible bonds and convertible preferred securities in any geographic location.
The Advent Global Convertible Fund is the second UCITS launch by Advent this year. In April, the firm debuted the Advent Global Absolute Return Fund, an alternative investment UCITS fund that uses multiple investment strategies, such as relative value and event-driven investments. Advent Capital Management, LLC, which manages approximately USD8.7 billion as of June 30, 2015, has been managing UCITS
A new white paper from Campbell & Company attempts to quantify CTA risk management. The paper says that CTAs often cite risk management as a key to their success. Despite this claim, the process for evaluating CTA risk management has remained somewhat qualitative, the firm finds.
The white paper attempts to quantify CTA risk management by defining four risk management factors: liquidity, correlation, volatility, and capacity.
Factor based return analysis is a commonly used technique for performance evaluation. The use of factors to understand return drivers and portfolio construction has a long history in the equity space, Campbell says.
The Campbell
CME Group, the world's leading and most diverse derivatives marketplace, today announced that
July 2015 volume at CME Group averaged 12.8 million contracts per day, up 5 per cent from July 2014. Total volume was more than 282 million contracts, of which 87 per cent was traded electronically.
Options volume in July averaged 2.9 million contracts per day, up 22 per cent versus July 2014, with electronic options growing 36 per cent over the same period.
CME Group interest rate volume averaged 5.9 million contracts per day in July 2015, down 5 per cent compared with July 2014. Treasury
London is the second largest centre for hedge funds globally, behind New York City. Here, we take a detailed look at the hedge fund industry in London, including London-based investors’ plans for the next 12 months, the number of hedge fund launches each year, fund terms and conditions, the largest hedge fund managers and performance.
Read the full factsheet here, featuring charts and tables showcasing the latest Preqin data on London-based hedge funds.
Portcullis Asset Management Limited is launching as a Malta based Alternative Investment Fund Manager (AIFM) to assist alternative investment funds to comply with the Alternative Investment Fund Management Directive (AIFMD).
Portcullis has appointed David Barry to the board and as its new CEO. Barry joins Portcullis from TMF Custom House Group where he was Head of Sales and Business Development and part of the Executive Committee. Barry has over fifteen years experience across the EU and US funds industry. He is a Fellow of the Association of Chartered and Certified Accountants.
As a regulated AIFM, Portcullis will assume responsibility for
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