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Intercontinental Exchange’s ICE Futures US achieved a daily volume record in the mini MSCI Index futures complex and a daily volume record in the mini MSCI All Country World Index Net Total Return future on 12 December, 2014.
The mini MSCI Index futures complex traded 330,947 contracts on Friday; the previous record of 315,066 contracts was set on 16 September, 2014.
The mini MSCI ACWI NTR future reached a daily volume record of 95,906 contracts Friday; the previous record of 47,953 contracts was set on 7 August, 2014.
ICE Futures US hosts a broad range of MSCI contracts including more
The Credit Suisse Hedge Fund Index (the Broad Index) finished up 1.50% for the month in November, with nine of the ten sub-strategies ending the month in positive territory.
Managed futures led the way with an impressive 7.5% return, way ahead of the next best performers Long/Short Equity (1.89%), Emerging Markets (1.71%), Global Macro (1.65%) and Multi-Strategy (1.22%).
The other sub strategies to record positive performance over the month are Dedicated Short Bias (0.64%), Equity Market Neutral (0.57%), Event Driven (0.55%) and Fixed Income Arbitrage (0.21%).
Convertible Arbitrage was the only negative performer during the month with a return of -0.10%.
Credit and alternatives investment manager Palmer Square Capital Management has launched its sixth mutual fund, the Palmer Square Long/Short Credit Fund (PCHIX, PCHAX).
Christopher D Long, president of Palmer Square Capital Management, sayss “We believe this is an ideal environment for long/short credit and are very pleased to now be able to offer our long/short credit strategy as a single-strategy mutual fund. We believe that the Fund offers investors a unique alternative to traditional fixed income investments, as our team seeks absolute returns on both the long and short side while aiming to minimizing volatility and exposure to interest rate
Hedge fund strategies were hurt last week by their long exposures on US risk assets, especially credit positions, according to Lyxor Asset Management.
High yield has been negatively impacted by the deterioration in risk sentiment and by oil prices, in part related to the weighting of energy debt in the U.S. market. While they proved to be resilient since the start of the year, L/S Credit and CB Arbitrage funds were hurt by the widening in spreads. Event-driven funds were also hurt on their long credit exposure, with distressed funds underperforming the space. Greece had a very limited impact, as
Hedge Connection, a platform for connecting alternative investment managers and accredited investors, has launched The Capital Club, a virtual introduction system.
The Capital Club allows fund managers to request introductions to allocators based on matching investment profiles. The manager is only charged when an introduction request is accepted and a phone call is scheduled between the two parties.
“The Capital Club is a game changer that dramatically improves the asset raising process within a legally compliant environment,” says Hedge Connection CEO Lisa Vioni. “The big differentiator of the Capital Club is that the introduction results in a conference call
BlueBay Asset Management, a manager of fixed income and alternative investments, has appointed Jana Velebova as a Portfolio Manager in the firm’s Emerging Markets Sovereign Team.
Jana has spent the past nine years managing active long-only and absolute return emerging market sovereign fixed income and currency portfolios. She began her fund management career at Threadneedle, before moving to Rogge Global Partners in 2010, where she became a Partner. Working both in London and Singapore, she was responsible for emerging market assets across a variety of active global fixed income portfolios.
“We are very pleased to welcome Jana to
Recent regulation has done little or nothing to improve stability in the financial services industry, according to a survey of nearly 300 professionals commissioned by global professionals services firm Kinetic Partners.
The results of the poll show that 47% of respondents – and 48% of C-suite executives – believe recent regulation has had little or no impact on financial stability, with 11% stating that regulation has made the financial services world less stable.
The survey for Kinetic Partners’ 2015 Global Regulatory Outlook report also found that, six years on from the financial crisis of 2008, just 2% of senior
Civitas Capital Group has appointed David Perel to the newly created position of President and Chief Investment Officer (CIO).
Perel, who was previously a Managing Director of Civitas Alternative Investments and President of Juno Development (both Civitas affiliates), will oversee the general management of the firm and its operating divisions.
Perel will continue to serve on Civitas' executive and investment committees, and will report to Daniel J Healy, Chief Executive Officer. He will also continue to be involved in the development and financing of lodging investments for the firm.
"David has been a valuable member of our team at Civitas
Societe Generale Corporate & Investment Banking (SG CIB) has appointed Nick Gionfriddo as Head of OTC Clearing Sales, North America within its Newedge prime services business.
Gionfriddo will be based in New York and will work closely with Jamie Gavin, who was recently appointed Head of Institutional OTC Clearing Sales, UK. He will report to Adam Cohen, Global Head of Institutional Sales.
Gionfriddo joins from CME Group where he was a Senior Director on the OTC Products team, providing services across rates, credit and FX to institutional clients. He has more than 11 years of derivatives clearing experience
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