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Hedge fund Harness has chosen Carne Group to provide an independent management company solution for its new Luxembourg UCITS fund. Harness is making use of Carne’s independent UCITS compliant management company in Luxembourg to support the launch.
In addition Carne is also providing two independent directors to the Board of the SICAV. Harness and Carne worked together on project managing the successful launch of the fund; Carne liaised with the Luxembourg regulator and helped to manage the approvals process.
Harness was established in 2009 as a specialist asset manager. The firm’s objective is to deliver absolute returns within the global
More than 500 people attended the Guernsey Funds Forum 2015 in London last week, which was hosted by ITV news anchor, Alastair Stewart, OBE.
The keynote speech was delivered by Guernsey resident and private equity specialist Guy Hands, Chairman and Chief Investment Officer of Terra Firma Capital Partners Limited.
Dominic Wheatley, Chief Executive of Guernsey Finance, says he was delighted with the number and quality of attendees, as well as the content of the sessions.
“The event allows us to reinforce and build upon our key relationship with the City of London so to have attracted such an impressive number
By James Williams – The USD9 billion IPO by Lending Club last November was a significant shot in the arm for the peer-to-peer (‘P2P’) lending space and sent out a clear message to the banking industry: the old-school way of providing finance to companies and individuals is under threat.
Lending Club is one of a number of platforms that are legitimising the online lending market; one that investors still remain slightly in the dark about but nevertheless one that offers compelling investment opportunities.
“The average person still has no idea this is going on. People in the finance world have certainly
In a volatile market environment, hedge funds have exhibited high performance dispersion since the end of April, both at the strategy and the fund level. This proved true again last week, with the Lyxor Hedge Fund index posting a flat performance, up 0.06%, but hiding significant discrepancies behind the scenes.
The eFix Matching solution – a collaboration between EBS, ICAP's electronic foreign exchange business and Global Broking – has seen growth of over 160 per cent in average daily volume (ADV), since its launch one year ago in May 2014.
eFix Matching, which enables customers to execute Fix interest electronically on the EBS Market platform, provides anonymous access to a central pool of liquidity for the most liquid daily fixes, including the ECB 13:15 Fix, WMR 16:00 Fix, HSRA AUD/USD Fix and EMTA USD/RUB Fix, and improved global matching opportunities.
A growing proportion of the ADV (approximately 25 per cent)
Trading technology specialist Orc’s Orc Tbricks trading platform now offers a certified interface to the Chicago Board Options Exchange (CBOE), including the CBOE Futures Exchange (CFE).
The new high-speed interface enables quoting and trading a broad range of products, including equity options and index options such as CBOE Volatility Indexâ (VIX Index) options.
Orc Tbricks empowers trading desks with a fully flexible, customizable trading system. Its app-based modular platform delivers superior performance, while providing flexibility to adapt to constant market change.
“We are delighted to offer Orc Tbricks users fast connectivity to CBOE through the exchange’s native CMi2 API,” says
Dexion Capital has launched Dexion Liquid Strategies, an alternatives UCITS platform, with its first offering set to be the Keynes Dynamic Beta Strategy Fund (KDBS) managed by Dr Sushil Wadhwani of Wadhwani Asset Management LLP.
KDBS is due to launch in June.
Dexion Liquid Strategies is an Irish-domiciled ICAV which is UCITS-compliant. The platform will allow Dexion to provide a range of liquid alternative investment strategies to its investor base in the UK and, increasingly, in Europe. This will complement its success in managing and distributing real asset and alternative credit strategies as listed closed-end investment companies and private funds.
American Century Investments has named Cleo Chang as senior vice president and head of alternative investments. Chang, who joins American Century on May 18, was previously chief investment officer of Wilshire Funds Management.
Chang’s appointment to this newly created investment management role comes on the heels of other recent executive hires in advance of the firm's anticipated launch of a suite of alternative investment strategies.
As head of alternative investments, Chang will be the firm's most senior investment management executive responsible for the development and oversight of liquid alternative investment capabilities. Specifically, she will provide strategic direction for the firm's
Independent fund, corporate and private client service provider JTC has been granted an extension to its licence to offer an enhanced level of fund servicing capabilities in the UK.
The amendment to JTC’s permissions by the FinancialJTC Will Cameron Conduct Authority (a ‘Variation of Part 4A Permission’) means that JTC is now authorised to act as an operator of unregulated collective investment schemes (UCIS) in the UK.
As well as enabling JTC to establish, operate and wind up such schemes, the authorisation means it can also take on various oversight responsibilities including ensuring schemes comply with all regulatory requirements and
Hedge funds were up 1.25 per cent in April, according to the Barclay Hedge Fund Index compiled by BarclayHedge. The Index has gained 3.82 per cent year to date.
“Rising stock prices provided the tailwind for equity hedge funds in April,” says Sol Waksman (pictured), founder and president of BarclayHedge. “Additionally, a rally in US high yield bonds coupled with a sell-off in high grade bonds caused credit spreads to tighten, which helped boost returns for fixed income funds.”
Overall, 14 of Barclay’s 18 hedge fund indices had gains in April. The Emerging Markets Index jumped 5.13 per cent, Pacific
