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Hedge funds outperformed underlying markets in September with the Eurekahedge Hedge Fund Index returning a flat 0 per cent while the MSCI World Index finished the month down 1.86 per cent. On a year-to-date basis, hedge funds are up 3.87 per cent, falling just slightly behind underlying markets as the MSCI World Index returned 3.99 per cent over the same period.
Despite this, redemption pressure builds up in hedge funds following three consecutive months of net asset outflows as investors withdrew USD13.3 billion from global hedge funds in Q3 2014.
Investors are gearing up in earnest at the prospect
Trading volume in S&P 500 Index (SPX) options and CBOE Volatility Index (VIX) futures set new single-day records, while C2 Options Exchange (C2) experienced the busiest trading day in its history on 15 October.
Total exchange-wide options volume at Chicago Board Options Exchange (CBOE) was 10.6 million contracts (estimated) traded, just shy of the all-time record of 10.9 million contracts on 8 August 2011.
Trading of options on the S&P 500 Index (SPX) at CBOE set a new single-day volume record on 15 October, as 2,671,462 contracts (estimated) traded, surpassing the previous high of 2,282,029 contracts on 20 June
Man Group as reported a 25 per cent increase in funds under management (FUM) to USD72.3 billion at 30 September 2014 (30 June 2014: USD57.7 billion).
The acquisition of Numeric and Pine Grove added USD16.2 billion of assets, net inflows and performance adding another USD1.3 billion of FUM and negative FX movements reducing FUM by USD2.9 billion
Net inflows in the quarter totalled USD0.4 billion, comprising sales of USD4.5 billion and redemptions of USD4.1 billion with net inflows into quant alternatives and long only strategies being partially offset by net outflows from discretionary alternatives, fund of funds alternatives and
The Depository Trust and Clearing Corporation’s (DTCC) subsidiary Fixed Income Clearing Corporation (FICC) intends to submit a rule filing with the Securities Exchange Commission (SEC) and an Advance Notice filing to both the SEC and the Federal Reserve to provide central clearing for the over USD1.6 trillion institutional tri-party repo market.
Central clearing would play a key role in providing stronger participant and systemic safeguards for the tri-party repo market. FICC provides the only central clearing function for tri-party repo trades in the US and is the only platform ready to serve this market.
The intended rule filing will
Ananda Radhakrishnan, director of the Commodity Futures Trading Commission’s (CFTC) Division of Clearing and Risk (DCR), is to leave the agency in the middle of November.
Radhakrishnan is a 12-year veteran of the agency, and he has been the director since DCR was formed in 2011 and previously had been the director of the Division of Clearing and Intermediary Oversight (DCIO).
Phyllis Dietz, currently deputy director for clearing policy, will be the acting director upon Radhakrishnan’s departure.
“Ananda has been a tremendous asset to the CFTC. I have enjoyed working with him and have valued his leadership and
Following industry debates that the leveraged buyout market has all but dried up, Preqin examines whether or not buyouts and, in particular, public-to private transactions are still attractive to the investment community.
In recent years, trillions of dollars have been spent on private equity-backed buyout deals and they remain the most favoured private equity strategy among investors and fund managers. Public-to-private transactions constitute a very small quantity of buyout deals, but have historically represented a disproportionately large amount of overall buyout value. This article will examine if there has been a shift in the overall private equity buyout landscape, and
Gold bitcoin specialist DigitalTangible has entered the silver marketplace by offering fine silver bullion and coins on its catalogue at the lowest premiums available anywhere online.
Customers purchase directly through DigitalTangible’s platform that connects its global network of precious metal dealers that accept payment in cash or bitcoin.
All purchased silver may be delivered directly or stored in DigitalTangible’s vault-depository network and linked to the bitcoin blockchain as a tradeable digital token.
DigitalTangible allows its customers fast, transparent, and secure control of their valuable hard assets, anywhere in the world while lowering investment and portfolio management costs via
Neonet, an independent agency broker and execution specialist, is providing access for clients to Aquis Exchange, the subscription-based European equities exchange.


“We are very pleased to welcome Neonet as a new member of Aquis Exchange,” says Graham Dick, head of sales and CRM at Aquis Exchange. “Neonet is the latest addition to Aquis’s growing list of participants, who are attracted by our unique subscription pricing model and innovative new products.”


“We are delighted to be adding Aquis Exchange to our list of connected venues,” says Tim Wildenberg, chief executive officer of Neonet. “Our strategy is to be able to
BCS Financial Group, the largest broker of equities and derivatives on the Moscow exchange, has appointed Tim Bevan as chief executive of BCS Prime Brokerage.
The new role will be responsible for all international operations including future growth strategy, new products and diversifying the business.
The CEO role has been created due to the rapid expansion of the ex-Russian business and following on from other senior appointments at BCS such as the recent hire of John Barker as chairman and Max Hayden as global head of prime brokerage.
In the last 18 months BCS’ UK operations have continued
Charles River, a front- and middle-office investment management solution provider, has enhanced its managed data service with the addition of Thomson Reuters pricing and reference data.
This is the latest in a series of continued enhancements to the Charles River Data Service which provides benchmark, reference and issuer data, real-time pricing and new security setup.
“Ensuring consistent, quality data for end users is one of the biggest challenges for investment firms industry wide; Charles River’s Data Service solves this challenge for clients while simplifying operations and lowering costs,” says Brad Haigis, director, Charles River Data Service. “We continue to
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