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Alceda Fund Management SA has teamed up with APN Property Group (“APN”), a specialist Asia Pacific real estate investment manager to redomicile a former Cayman fund to a Luxembourg SICAV Specialised Investment Fund (SIF).
The fund strategy invests in a diversified portfolio of Asia Pacific listed equities, with a key focus on real estate investment trusts (‘REITs’), with a limited allocation to infrastructure securities. The aim is to deliver higher income and lower volatility than can be achieved by investing directly in REITs. Targeted at both the institutional and high net worth markets, the income leaning fund aims to provide
Spring Valley Asset Management (SVAM), a newly formed alternative investment manager specialising in the development of quantitative futures-based trading strategies, has launched the SVAM Tactical Trend Portfolio.
The Tactical Trend Portfolio seeks to generate superior absolute and risk-adjusted returns across a diversified blend of more than 50 futures markets, including stock indices, interest rates, currencies, energies, metals and agricultural commodities.
The portfolio uses multiple market inputs and a host of technical indicators to identify directional trading opportunities across a broad spectrum of time frames, including short-term, intermediate-term, and long-term horizons.
The Tactical Trend Portfolio employs a systematic process
2014 has seen a volatile macro environment, and investors and fund managers alike have predicted that the returns this year will not exceed the returns achieved in 2013. Preqin looks at the growth in hedge fund assets in H1 2014 and assesses where this capital has come from.
As we entered the year, hedge fund managers and investors were feeling positive about the prospects of growth in the industry, and Preqin predicted that if managers could successfully navigate the complex regulatory environment and generate acceptable returns then the assets under management of the sector would grow again. With performance of
Hedge fund and real estate investment trust (REIT) investment in residential real estate is helping boost property values and creating rental inventory in Nashville, according to Bruce W McNeilage, founder of Kinloch Partners.
McNeilage made his remarks as part of a panel presentation titled "Emerging Housing Trends: Converting Single Family Homes to Long-Term Rentals" at the Tennessee Housing Development Agency's Governor's Housing Summit.
McNeilage said: "It has helped keep property values higher, which is good for existing owners. In addition, it's created a larger supply of high-quality rental homes which is particularly attractive to businesses looking to relocate to
Highland Capital Management has launched its first European regulated fund and will act as the sub-advisor of the BB Highland Floating Rate Fund.
The fund has been launched as an Irish Qualified Investor Fund (QIF) in partnership with BB DTVM, the asset management arm of Banco do Brasil.
The fund is designed to replicate the Highland Floating Rate Opportunities Fund by investing primarily in US bank loans and other floating rate products that seek to generate yield in a rising interest rate environment. As of 30 June, the Highland Floating Rate Opportunities Fund was ranked as the number one
361 Capital, an asset management firm specialising in liquid alternative mutual funds, has appointed Clifford Stanton as director of portfolio solutions and product management.
Stanton joins 361 Capital from Envestnet where he was the chief research officer, co-chairing Envestnet’s investment committee and managing the firm’s research department and asset allocation product development.
As a member of the management team, Stanton will lead 361 Capital’s portfolio solutions group, providing asset allocation guidance, fund analysis and portfolio research to the firm’s investment advisor clients and prospects. He will also lead the firm’s alternative investments education, market research and product development efforts.
ConvergEx Group has made enhancements to its Closing Price, POV and Abraxas trading algorithms that will seek to optimise client participation in the Nasdaq, NYSE and NYSE Arca opening and closing auctions.
Using historical data and real-time auction imbalance information, ConvergEx’s algorithms can now determine the optimal number of shares to commit to the auctions, to minimise market impact and determine how best to trade the shares that remain in the market.
For the NYSE, the algos also allow discretionary quote orders (D-quotes) to be transmitted electronically to designated floor traders, allowing trades as close to the end of
From 6 October, the Chicago Board Options Exchange (CBOE) will begin including SPX Weeklys options series – expiring every Friday, except the third Friday of each month – in its CBOE Volatility Index (VIX Index) calculation.
CBOE chief executive Edward Tilly made the announcement during his address to attendees at the CBOE Risk Management Conference Europe, currently taking place outside of Dublin.
Currently, only S&P 500 Index (SPX) options with monthly expirations are used in the VIX Index calculation. The inclusion of SPX Weeklys into the VIX methodology will not alter the VIX formula. The addition of Weeklys options
CBOE Futures Exchange plans to launch futures trading on the CBOE/CBOT 10-year US Treasury Note Volatility Index (VXTYN) beginning on 13 November, pending regulatory review.
CBOE chief executive Edward Tilly made the announcement during his address to attendees at the CBOE Risk Management Conference Europe, currently taking place outside of Dublin.
The VXTYN Index, on which futures on VXTYN is based, is calculated by applying the CBOE Volatility Index (VIX Index) methodology to futures options data from CME Group's 10-year US Treasury note contract, one of CME Group's most active interest rate options products. In May 2013, CBOE began disseminating
Baymarkets AB, the over-the-counter derivatives, fixed income and commodities market systems provider, has appointed Stu Taylor, chief executive of Algomi, as a non-executive director.
Prior to co-founding Algomi, Taylor (pictured) was managing director, global head of matched principal trading in fixed income at UBS where he led market structure changes in a variety of Fixed Income contexts and on a global scale including launching UBS PIN-FI, the first systematic internaliser model in fixed income.
Peter Fredriksson, CEO of Baymarkets, says: “The management of Baymarkets are delighted to welcome Stu to the team. His reputation and track record in the
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