Latest News
June proved another difficult month for managed futures hedge funds, with the strategy declining an additional -2.64 per cent during the month, the universe’s third consecutive monthly decline, according to eVestment’s latest hedge fund performance report.
Losses dropped the average Q2 return to -3.99 per cent and dragged returns for the first six months of 2015 into negative territory, -1.11 per cent.
Large managed futures funds, those with greater than USD 1 billion in AUM, experienced elevated losses in June, declining an average of -4.79 per cent. The decline surpasses the magnitude of early 2015 gains and pushed large managed
It was once again a decisive week for the EU with market participants granting an ever rising probability of Grexit. European assets experienced sizeable pressure during the period under review, though there has been a respite towards the end of the week following the conciliatory tone of the Greek government.
Salman Ahmed (pictured), Global strategist & Portfolio Manager at Lombard Odier Investment Managers, comments on the latest Greek bailout deal…
After numerous last-minute deadlines and several twist and turns including the missed IMF payment, we finally seem to be heading towards a resolution to the latest episode in the EZ debt crisis (once again centred around Greece). There is still some lingering uncertainty as the reforms agreed by Tsipras have yet to be put to parliamentary vote but indications are that after the referendum Tsipras is enjoying a stronger domestic position than just a couple of weeks ago.
Overall, we think
Burr Pilger Mayer has expanded its alternative investment practice with the opening of an office in the Cayman Islands.
“We opened the Cayman Islands Office to meet the demands of our growing Hedge Fund and Alternative Investment Group,” says Brian Finnegan, Leader of the Firm’s Assurance Practice Group and Financial Services Industry Group. “The Cayman Islands is the world leader as a domicile for hedge fund managers, institutional sponsors, financial service firms and private equity investors.”
Finnegan and his team help clients manage the full range of issues that affect global businesses and investors, including:
• Annual audits of financial
Flow Traders, a global technology-enabled liquidity provider that specialises in exchange traded products (ETPs), has listed on Euronext Amsterdam.
Flow Traders quotes bid and ask prices, enabling market participants to buy and sell ETPs efficiently and provides liquidity in over 4,000 ETP listings across the globe, tracking all underlying asset classes including equities, fixed income, commodities and currencies. Flow Traders is headquartered in Amsterdam with trading offices in Asia and the US covering all time zones.
The total offering of Flow Traders was valued at EUR521 million. After opening, the market price was EUR34.00 per share. Based on the
Ryan Caldwell, former Ivy Funds Portfolio Manager, has launched Chiron Investment Management, a boutique, actively managed investment management firm that will seek to generate attractive risk-adjusted returns for its investors.
The firm will seek to utilise Caldwell’s proven, highly transparent approach to developing investment themes and positioning client portfolios. Chiron will have offices in Mission Woods, Kansas and New York City.
Caldwell will be the Chief Investment Officer of Chiron. He was most recently Co-Portfolio Manager of the Ivy Asset Strategy and Waddell & Reed Asset Strategy funds. These funds had generated top-tier investment performance versus their peers during his
All six of IndexIQ’s proprietary family of hedge fund replication and alternative beta indexes recorded negative performance in June.
The IQ Hedge Event Driven Index was the month’s biggest loser with a return of -2.14%, followed by the IQ Hedge Global Macro Index (-1.47%), the IQ Hedge Multi-Strategy Index (-1.38%), the IQ Hedge Long/Short Index (-1.22%) and the IQ Merger Arbitrage Index (-1.05%).
The best performer for the month was the IQ Hedge Market Neutral Index with a return of -0.70%.
Designed as investable benchmarks that replicate the performance characteristics of sophisticated hedge fund strategies, the IQ Hedge indexes comprise
RIMES, a provider of managed data services for the buy-side, has announced a number of new data sources in its portfolio, which were added in the first half of 2015.
RIMES has introduced these new sources in response to demand from asset managers’ and asset owners’ customers.
With buy-side firms’ reliance on data growing overall, RIMES consistently meets the demand for new indexes by continually refreshing and updating its portfolio. More than 20 new data sources have been added since the beginning of the year, bringing the total to over 800 datasets from nearly 200 data partners.
Alessandro
Maples Fiduciary, a division of MaplesFS and a provider of specialised fiduciary and corporate administration services, has opened a full-service office in Amsterdam.
"MaplesFS is internationally renowned for responsive and client-driven service. We are continually reshaping our business to address the changing demands of the industry," says Tom Davies, MaplesFS' Regional Head of Fiduciary – Europe. "Recently we have seen our clients looking for a MaplesFS service offering in Amsterdam, as they have noticed consolidation in the jurisdiction's fiduciary market and, as a result, an increasingly limited choice of premier service providers on the ground. We are delighted to
Institutional trading network Liquidnet has appointed Chris Dennis as Head of US Fixed Income Sales. Dennis will be responsible for sales and strategy as Liquidnet builds out its high yield and investment grade trading platform scheduled to launch this quarter.
Based in New York, he reports directly to Liquidnet’s Head of Fixed Income Constantinos Antoniades (pictured).
“Our network of the world’s leading asset managers owns the majority of corporate bonds and they will now have access to a centralised pool of corporate bond liquidity which is key in helping to solve the liquidity crisis. As we look to further
