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China’s stake as the world’s premier economic power is expected to gain traction as the country continues to liberalise its economy and implement reforms that bolster its status among developing economies.
The Chinese Yuan became the tenth most active currency pair measured globally by the bank of international settlements in is 2013 triennial survey, the latest figures are expected to have risen by 15% as Yuan clearing and settlement saw additional players.
Rui Jin, regional manager for Far East and Mainland China at TradeNext, says: “China is reviewing its policies both internally and externally and despite having a temporary slowdown
The Abbey Capital Futures Strategy Fund has surpassed USD100 million in assets under management. The fund, Abbey Capital’s first 1940 Act liquid alternative mutual fund, launched on 1 July 2014 and has returned over 26 per cent since inception.
The fund offers individual and institutional investors access to a multi-manager managed futures mutual fund, comprising leading managed futures managers, and leveraging Abbey Capital’s expertise in manager selection, portfolio construction and risk management.
“The recent strong performance from managed futures shows its value for investors as part of a diversified portfolio,” says Tony Gannon, CEO of Abbey Capital. “The increase
Hedge funds continue to climb higher, with the Lyxor HFI up 3.5% ytd (up to 24 March). The asset class was supported this week by L/S Equity, and in particular Asian managers that have done particularly well. Their successful stock-picking captured the buoyant market environment on the long book without losing much on the short book. Over the recent months, we have been advocating the benefits of Asian L/S managers for diversification purposes and continue to do so.
The US Commodity Futures Trading Commission (Commission) has issued an order granting a request from ICE Clear Europe Limited (ICE Clear Europe), a Commission-registered derivatives clearing organisation, for an order pursuant to Section 4d(a) and (b) of the Commodity Exchange Act.
The order amends an earlier order dated 30 May, 2014, which permitted ICE Clear Europe and its clearing members that are registered futures commission merchants (FCMs) to: (1) commingle in an account subject to Section 4d(a) (a futures customer account) positions in futures and options, and foreign futures and foreign options, and related customer money, securities, and property; and
Aston Hill Asset Management has launched two new mutual funds – the Aston Hill US Growth Fund and Aston Hill Corporate Bond Fund (formerly Build America Investment Grade Bond Fund).
Both funds align with Aston Hill's objective of providing Liquid Alternative mutual funds to Canadian investors.
Aston Hill US Growth Fund aims to achieve long-term capital growth by investing primarily in US equity securities, and may also invest, to a lesser extent, in non-US equity securities. Managed by Co-Chief Investment Officer, Jeff Burchell, the US Growth Fund combines fundamental equity research with a variety of option strategies designed to generate
There’s a tangible air of optimism among hedge fund managers this year. Despite 2014’s returns being their lowest since 2011, 60 per cent of managers believe that the 2015 Preqin All-Strategies Hedge Fund Benchmark will surpass last year, which delivered a rather tepid +3.78 per cent (net).
On top of this, 80 per cent of managers expect overall hedge fund AUM to increase according to the February edition of Preqin’s Hedge Fund Spotlight report.
“More investors are getting switched on by the benefits that hedge funds can offer as opposed to getting switched off. We are largely positive on our
The decision made last September by CalPERS to divest its USD4bn hedge fund investment plan came as quite a shock to the industry. Then, in early January this year, PFZW, the EUR156 billion Dutch healthcare scheme, announced that it had ended its exposure to hedge funds in December 2014.
The question that arises from these decisions is: will more pension plans turn their backs on hedge funds in 2015?
For Jean-Marc Stenger, CIO, Lyxor Alternative Investments, the above events are outliers rather than representing a symptom of a wider trend.
“When speaking to our investors and market prospects we don’t
John P Fraunces, Jr has been named Co-Portfolio Manager of Turner Investments Global Medical Sciences strategies, bolstering the firm’s healthcare sector investment team.
Fraunces joins Michael Tung, MD, in managing Turner’s Medical Sciences Long/Short Fund, which was launched in February 2011.
“John’s strong technical background in healthcare, combined with the effective risk-management discipline he has demonstrated throughout his professional career, will complement the great research and stock selection capabilities of Turner’s healthcare team,” says Stephen J Negrotti, President and CEO of Turner Investments.
The fortunes of European and US funds of hedge funds have become increasingly polarized over the past year, as the 2015 Preqin Global Hedge Fund Report found. In an extract from March’s edition of Preqin’s Hedge Fund Spotlight, we look at this trend and assess whether it is likely to persist in the longer term.
Funds of hedge funds have had a challenging road to recovery following the fallout of the global financial crisis and the events surrounding the Madoff scandal in 2008. The industry’s assets under management fell from a peak of USD1.2tn in December 2008 to USD948bn by
SS&C Technologies Holdings has partnered with Americas Trading Group (ATG) to provide advanced algorithmic trading strategies to SS&C MarketTrader Order Management System (OMS) clients and FIXLink electronic trading community participants.
ATG is a Brazilian-based electronic trading and technology provider with 35 local sponsoring brokers across Latin America. Leveraging expertise built from a unique understanding of those markets, ATG’s suite of multi-asset algos are optimised for local market execution.
"We partnered with SS&C as an opportunity to provide our clients access to MarketTrader’s expanding user base and to join SS&C’s FIXLink trading community,” says Francisco Gurgel, Partner and Chief
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