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Hedge fund launches slow as assets, global equities reach record levels, says HFR
New hedge fund launches slowed to conclude the volatile third quarter as total hedge fund industry capital posted a narrow gain to rise to a new record of USD2.82 trillion.
New launches fell to 240 in 3Q14, the lowest quarter since one year ago in Q3 2013, as reported in the latest HFR Market Microstructure Industry Repor. Year to date, 814 new funds have launched while new launches in the trailing four quarters totalled 1,058, in line with the full-year total for 2013 (1,060), which was the
Financial service advisory firm Kinetic Partners has expanded its global offering by opening two new offices, one in Chicago and one in Singapore.
Kinetic Partners’ Chicago office, led by Associate Director Kathryn Lattner, will have a team focused on Forensic & Dispute Advisory and Corporate Recovery services. The new office is based in the River North neighbourhood of Chicago, next to the city’s prominent global financial district.
Kinetic Partners’ office in Singapore, located in Raffles Place and headed up by Associate Director Eddie Lim, will provide clients with tailored regulatory compliance advisory and consulting as well as a range of
Eurex is to license Global Markets Exchange Group’s (GMEX) Euro-denominated Constant Maturity Future (CMF) for trading via Eurex’s Multilateral Trade Registration (MTR) service and clearing on Eurex Clearing.
The CMF is based on the Interest Rate Swap Index Average (IRSIA) and accurately tracks the interest rate exposure at each point on the yield curve by removing the expiry date and marking the contract to market against an IRSIA Constant Maturity Index on a daily basis. Thereby the contract facilitates the management of interest rate exposure without a constant need to re-adjust and maintains the liquidity of a given maturity from
CBOE Holdings has entered into a licensing agreement with MSCI to offer US options trading on several MSCI indexes, which will be solely listed for trading on the Chicago Board Options Exchange (CBOE).
The six indexes included in the agreement are the MSCI EAFE Index, MSCI Emerging Markets Index, MSCI ACWI Index, MSCI USA Index, MSCI World Index and the MSCI ACWI ex-USA Index.
CBOE plans to offer options trading in the first quarter of 2015, pending regulatory approval, on two of MSCI's best-known indexes: the MSCI EAFE Index and the MSCI Emerging Markets Index. CBOE plans to list options
Castle Harbour Securities has appointed Eric Daniel, the former Head of Equity Derivatives and Convertible Bond Sales at Citigroup in Paris, to co-manage its new global convertible bond fund.
He will run the Castle Harbour R&D – Pure Global Convertibles Fund with Damien Regnier, previously Portfolio Manager for global convertible bonds at Deutsche Asset & Wealth Management, who joined Castle Harbour Securities in October.
The boutique financial firm, which provides a range of merchant banking, asset management, trading and advisory services, has also nominated the following people to the fund’s Investment Committee: Kais Laouiti, MD, Castle Harbour Securities; Josh
Following on from the publication of the results of the firm’s global smart beta survey back in April, which highlighted the perceptions and adoption of smart beta among nearly 200 institutional asset owners, Russell Indexes has now published further findings from the survey in a new report.
This new report offers additional insights on smart beta implementation strategies and further demonstrates asset owners’ growing interest in and adoption of smart beta strategies and how they can best fit within investment portfolios.
It provides additional insights for investors who are considering an allocation of smart beta strategies within their portfolios –
Circle Squared Alternative Investments (CSQ) has partnered with USD1.5bn money management and investment consulting firm Strategic Capital Alternatives (SCA).
SCA provides customised investment portfolio models and operational platforms to independent registered investment advisors (RIAs).
The partnership is aiming to empower advisors who work with SCA to capitalise on an investment model long employed by institutional investors – the outsourcing of highly specialised CIO-level analysis – but just now becoming available to independent financial advisors.
“Our OCIO model is a direct response to advisors’ recognising their efforts are much better spent on gathering assets than managing them, something institutions figured out
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, says: "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 minimising volatility and exposure to interest rate
Silvaris Capital Management has launched the Silvaris Global Equity Fund, a UCITS version of its successful global equity long/short strategy, on the Alpha UCITS platform.
Eric Halet, a former Portfolio Manager at Wellington Management and previously co-founder and co-CIO of Algebris Investments, launched Silvaris in April 2013. Silvaris is a diversified global equity long/short fund with a strong expertise in Global Financials, Infrastructure and high-quality mid-cap companies in Europe, Emerging Markets and Japan. The fund seeks to produce asymmetric returns by focusing on alpha generation to protect capital in challenging markets while adopting a clear net long exposure when
By Dominic Wheatley, Guernsey Finance – Guernsey’s 50 years as a funds centre makes it an ideal jurisdiction in which to nurture innovative open-ended funds, argues Dominic Wheatley from Guernsey Finance.
At a time of unprecedented change in the asset management community, investment houses will be glad to know that Guernsey is a jurisdiction which not only is a well-established international funds domicile but also provides innovative solutions, including for open-ended platforms.
Global client base
Guernsey’s open-ended funds sector includes approximately USD140bn of hedge funds and funds of hedge funds business as well as more traditional equity, bond and money
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