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Euronext is planning to launch a full rapeseed derivatives solution on 14 November 2014, which will allow the industry to trade individual futures and options contracts for rapeseed grain, meal and oil.
Euronext is the first exchange in the world to offer this combination of hedging instrument for rapeseed.
The new rapeseed derivatives complex will cover:
• Futures and options contracts for rapeseed grain
• Futures and options for rapeseed meal
• Futures and options for rapeseed oil
The three contract combination covers the entire supply chain, offering a solution to the increased volatility of rapeseed oil
Prologue Capital Management, an alternative investment adviser that manages a discretionary fixed income strategy, has added Robert Stever to its investor relations team.
Stever will be responsible for investor relations in the US and will work out of the firm's Greenwich, CT office, reporting to Chris Millar, head of investor relations.
Stever joins Prologue from Man Group/FRM, where he served four years as a trading strategies and structured credit analyst sourcing new hedge funds and monitoring existing investments across all asset classes. Before that, he was a senior research analyst at Spring Mountain Capital where he was responsible for
Alternative investments provider Equinox Financial Group has made two promotions in its portfolio management team.
Effective 1 November, Ajay Dravid will become the chief investment officer of Equinox Institutional Asset Management and Rufus Rankin will assume the role of director of research of Equinox Institutional Asset Management.
"These promotions will strengthen the leadership within Equinox Funds' portfolio management and research team and underscore the firm's commitment to 'Building Better Alternatives,''' says Robert J Enck, president and chief executive officer of Equinox. "Both Dr. Dravid and Dr. Rankin have been instrumental in the conception, development and implementation of new products
Arthur Levitt, former chairman of the US Securities and Exchange Commission (SEC), is to serve as advisor to bitcoin companies BitPay and Vaurum.
BitPay is the world’s largest bitcoin payment processor, while Vaurum is an institutional bitcoin exchange.
Levitt, the longest serving chairman of the SEC, will work closely with both companies to monitor business practices as well as help develop new ways to market and refine this new form of currency.
“Bitcoin is a fascinating new product in the rapidly changing world of financial service,” says Levitt. “I hope to help BitPay and Vaurum blend their new
Confluence is to provide Mitsubishi UFJ Fund Services with a range of reporting solutions for its new Annex IV reporting services for alternative investment fund managers (AIFMs).
The new services allow AIFMs that are managing or marketing alternative investment funds (AIFs) in the EU to submit Annex IV reports to their relevant National Competent Authority (NCA), as required by the Alternative Investment Fund Managers Directive (AIFMD).
Annex IV reporting is one of the principle concerns of managers and funds in complying with the requirements of AIFMD. Involving 300 plus data points from fund, portfolio, manager and risk systems, the preparation
Dallas-based investment management firm Highland Capital Management Fund Advisors has announced a 0.65 per cent expense cap on the Highland Global Allocation Fund (HCOAX).
Highland’s Global Allocation Fund (HCOAX) is a best in class strategy that invests across multiple asset classes and geographies with the goal of generating alpha in any economic environment. As of 30 September 2014, Morningstar ranked the Fund Class Y number one based on Total Return for the one year period among 506 World Allocation Funds.
Highland now has either expense caps or fee waivers in place in over half (eight out of 13) of
Eurex Exchange continues to ensure market support for its recently launched listed variance futures contract, which is based on the EURO STOXX 50, the most prominent equity index in Europe.
DRW Investments, developer of the variance conversion methodology, has started its market making activity. Eurex and DRW collaborated in the launch of the contract in September; Eurex licensed DRW’s patented methodology earlier this year. DRW quotes the contract up to 50,000 notional vega at a spread of 1.5 volatility points.
“We are excited to provide liquidity in the new EURO STOXX 50 variance futures. We feel there is market
ClearStructure Financial Technology has launched ClearStart, a programme which provides emerging hedge fund managers ready access to commercial grade portfolio management software.
In selecting Sentry PM as their new core investment management platform, the emerging managers share a common goal to drive growth, improve operational efficiency and eliminate financial leakage.
Sentry PM provides real-time processing that is cloud-delivered, and supports all their front, middle and back office needs. This includes order management, risk, pre/post trade compliance, GIPS performance, reconciliation, reporting and computing daily Net Asset Valuations.
“Emerging managers do not have the resources of their larger peers and
Hedge funds consolidated their gains from the first half of 2014 in the third quarter, despite equity markets producing a mixed performance over the quarter, according to Deutsche Asset & Wealth Management Q4 Hedge Fund Outlook.
Discretionary macro and trend-following strategies in particular gained as the anticipation of extraordinary monetary policy by the ECB impacted bond yields and exchange rates.
Equities, as proxied by the MSCI World Index, gave back performance over the period. The quarter began in July with a sell-off in risk assets due to a cocktail of a very strong US GDP print, higher yields, a
Carne Group has received authorisation for an independent AIFMD-compliant management company in the Channel Islands.
The new management company has become immediately operational with Carne Group’s fund clients. It is particularly suitable for alternative fund managers, including credit, hedge fund, private equity, infrastructure and real estate investment firms.
Carne has received authorisation as a fund services business from the Jersey regulator, the Jersey Financial Services Commission (JFSC).
Carne already has over 20 clients making use of its AIFMD management company solutions in Ireland and Luxembourg. The Jersey management company is the first to be approved outside the European
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