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ALTIN, the Swiss alternative investment company with a portfolio featuring over 40 underlying hedge funds, saw an increase in its share price of 8.60% and 10.20% on the Swiss (SIX) and London (LSE) exchanges respectively in 2014.
Thanks to the permanent capital base provided by its structure, the ALTIN portfolio can be allocated to funds that require a slightly longer lock-up but offer potentially higher returns, without incurring any liquidity mismatch.
The portfolio remains however highly liquid, with 62.2% of assets invested in funds with monthly or better liquidity, allowing the manager to make allocation shifts when deemed necessary. The
Institutional trading network Liquidnet has launched Liquidnet 5, delivering to the buyside a diverse sources of safe and actionable liquidity alongsides analytics and advanced execution tools.
By integrating its commission management and payment suite, Liquidnet 5 also eliminates the obstacles and conflicts that affect best execution.
Developed in collaboration with Liquidnet’s global community of nearly 800 asset managers, the platform allows its Members to streamline and automate workflows and more efficiently manage their commission wallet. Liquidnet will be rolling out additional functionality including point-of-trade analytics that will provide traders with guidance on optimal trading strategies. All of these features have
Guernsey has more non-UK entities listed on the London Stock Exchange (LSE) than any other jurisdiction globally, according to new figures from the market authority.
LSE data shows that at the end of December 2014 there were 122 Guernsey-incorporated entities listed on the Main Market, the Alternative Investment Market (AIM) and the Specialist Fund Market (SFM).
This is significantly more non-UK entities than any other jurisdiction, with Guernsey trailed by Jersey (92), Isle of Man (54), Ireland (53), Cayman (50), BVI (44), Bermuda (41), Russia (33), US (32) and India (31).
Guernsey added 13 new entities to the LSE
eVestment’s final 2014 hedge fund asset flows report shows industry assets still above USD3 trillion, a milestone hedge funds crossed earlier in the year, but redemption pressures present in December.
Total hedge fund assets fell 0.61% in December to end 2014 at USD3.041 trillion. Redemptions were elevated in December, a trend which has persisted in December of each of the last four years and is likely a seasonal factor, rather than an indication of negative investor sentiment towards the industry at the end of 2014.
Investors withdrew USD13.2 billion from hedge funds in December. The redemptions were enough to push
CoreOne Technologies has launched RegOne Solutions, which provides execution reporting, compliance solutions and trading analysis for brokers, exchanges, ATSs and other industry participants.
CoreOne acquired Thomson Transaction Analytics (TTA) and Transaction Auditing Group (TAG) and merged them into RegOne in order to create a critical mass of clients, data and products at a time when the political and regulatory dynamic is demanding sweeping changes to how transactions are executed and measured.
The TTA acquisition closed with Thomson Reuters in Q3 of 2013 and the TAG acquisition closed earlier this month. To underpin the merged firms, CoreOne built a new
Man GLG's Jon Mawby reacts to European Central Bank's quantitative easing announcement…
Market participants have taken the ECB’s EUR60bn per month programme positively given that there is partial loss-sharingand that more importantly it will continue until it sees a "sustained adjustment in the path of inflation which is consistent with our aim of achieving inflation rates below, but close to, two per cent.
This means the program is potentially open ended in nature and given that asset purchases have been guided in the 2-30 year maturity spectrum, it should be supportive of peripheral government yields in the medium term. However
The financial industry is expecting Target2-Securities (T2S) to have significant impact in business, according to a survey by GFT and the ICMA European Repo Council.
The majority of respondents (75%) strongly agreed that they were aware of the implications of T2S, with less than 20% believing that doing nothing was a viable option. More than 80% of respondents felt that T2S will have a significant impact on their organisation. One surprising and concerning message is that the types of firms who perceived T2S as having less impact included Custodians and Central Banks.
Most business areas anticipate benefits from T2S. 71%
On Deck Capital has launched OnDeck Marketplace, a platform that enables institutional investors to purchase small business loans originated by OnDeck and drive small business success.
The general availability of OnDeck Marketplace comes after a one-year pilot program with a group of inaugural institutional investors, including asset managers, hedge funds and business development companies. To use the platform, each institutional investor opens its own OnDeck Marketplace account, purchases loans on a programmatic basis, and then receives daily principal and interest payments from the loans it owns. OnDeck services the loans institutions purchase, making the process seamless, transparent and efficient.
“Institutional
Former BBC Newsnight anchor, Jeremy Paxman, will be asking the questions about the prospects for the international funds industry when he moderates this year’s Jersey Finance funds conference.
Entitled ‘Winning Moves,’ the annual conference, which will be held i London on 19 March, will provide an analysis of the current global funds marketplace, the changing regulatory landscape and the role of alternative fund domiciles as the global industry meets the challenges and opportunities that lie ahead. Jeremy Paxman will be chairing two panel sessions during the course of the conference and will also make the closing remarks.
An award-winning journalist
London-based Comac Capital, the USD1.2bn global macro hedge fund established by Colm O’Shea in 2006, is returning money to investors following heavy losses this month.
The move comes as the fund was hit hard last week, as were many hedge funds and FX traders, by the incredible decision by the Swiss National Bank to end the Swiss franc’s cap against the euro.
The decision caused chaos in the markets and led to the Swiss franc rising from 0.83 to 1.007 against the euro on 15 January. It is believed that Comac incurred losses of 8 per cent bringing total losses
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