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Asian hedge funds returned an average of 1.69 per cent in June according to early estimates by index data provider Eurekahedge. That leaves the average Asian hedge fund up a modest 1.99 per cent for the year and a long way off achieving last year’s returns of +14.91 per cent.
CTA funds were fairly flat in June, up 0.09 per cent to leave them down-1.82 per cent for the first half of 2014. Fixed income returned +0.93 per cent, long/short equities returned +1.73 per cent, whilst event-driven funds returned +3.65 per cent. Fixed income and event-driven funds have delivered a
Global Advisors Jersey Limited (GAJL) has secured regulatory approval from the Jersey Financial Services Commission (JFSC) for a Bitcoin Investment fund.
The Global Advisors Bitcoin Investment Fund (GABI), which will launch on 1 August 2014, will operate within the Collective Investment Funds (Jersey) Law 1998 as an Expert Fund.
Daniel Masters, director of GAJL, says: “Global Advisors is thrilled to be able to bring a robust Bitcoin fund product to the market. Our long experience in commodities means we are well placed to manage volatility and performance risks in this fast growing and opportunistic asset class.
“Jersey, rightly
METIS Financial Network has launched an alternative investment marketplace allowing private equity, venture capital and hedge funds to market their offerings to a global network of accredited investors and advisors.
METIS Fund Portal allows all parties involved to manage data, documents and communications throughout the investment lifecycle.
Monterey Financial Services is the first company to use METIS Fund Portal to globally market its new USD50 million fund and manage the participating investors.
“We’re thrilled to launch METIS Fund Portal with Monterey on board,” says Joy Hou, CEO of METIS. “The Monterey team has been instrumental in contributing their
State Street Corporation has been selected by Blackstone Alternative Asset Management (BAAM) and Legg Mason for liquid alternatives fund servicing.
State Street offers reporting, compliance, accounting, custody, settlement and analytics services to liquid alternative fund managers and also services 14 of the top 25 liquid alternatives funds.
“Liquid alternatives present both opportunities and challenges for asset managers including distribution, organisation and operations,” says Alan Greene, executive vice president at State Street. “Our fully integrated technology platform takes care of the day-to-day back office functions of collateral management and offers one-stop shopping for reporting, compliance, accounting, custody, settlement and analytics.
The London Metal Exchange (LME) and Autilla have entered into a strategic alliance to deliver the new London Silver Price.
The alliance will link Autilla’s interbank bullion trading platform to the LME’s regulatory framework and infrastructure.
“Throughout the LBMA’s process, the market has consistently indicated that Autilla’s technology and the LME’s compliance and price discovery systems are market-leading, and LME and Autilla have received numerous requests from the market to provide a joint solution,” says Garry Jones, CEO of the LME. “By drawing together our respective bids we can offer a fully electronic version of the current pricing procedure,
BNP Paribas Investment Partners (BNPP IP) has relaunched BNP Paribas Private Equity as BNP Paribas Capital Partners (BNPP CP).
BNPP CP is led by Gilles Guérin who reports to Pascal Biville, head of strategy and finance for BNPP IP.
BNP Paribas Capital Partners will provide the following capabilities:
• Managing private equity fund of funds and related advisory activities, led by Jean-Marc Rivet Fusil;
• A selection of managers of alternative and absolute return strategies, led by Eric Debonnet;
• Operational support (infrastructure and administration) for private equity funds, headed by Patrick Perez, in addition to his role
Euronext is to add options on the shares of international insurance and investment management company NN Group to its range of equity option classes.
The options will be available as of 17 July on the Amsterdam market of Euronext.
NN Group is an insurance and investment management company with a predominantly European presence in more than 18 countries. With over 12,000 employees the group offers retirement services, insurance, investments and banking to more than 15 million customers.
NN Group includes Nationale-Nederlanden, ING Insurance Europe, ING Investment Management and ING Life Japan.
The new listed equity options follow
361 Capital, an asset management firm specialising in liquid alternative mutual funds, has launched the 361 Global Macro Opportunity Fund, which will be team managed and led by Blaine Rollins.
Rollins joined 361 Capital in 2011 and was formerly a portfolio manager at Janus. The fund became effective on 30 June.
Before joining 361 Capital as managing director and senior portfolio manager, Rollins was executive vice president at Janus Capital, where he served as portfolio manager of the Janus Fund, Janus Balanced Fund, Janus Equity Income Fund, Janus Aspen Growth Portfolio, Janus Advisor Large Cap Growth Fund and the
It’s fair to say that under AIFMD UBS Fund Services has got all bases covered. Not only has the firm developed a depositary solution to support both EU-based and non-EU based funds under Article 21 and Article 36 of the directive, it also has a management company platform that can allow it to act as a third party AIFM (after 22th of July) as well as the ability to act as the Swiss legal representative to managers wishing to continue marketing their AIFs into Switzerland.
It’s a comprehensive offering that few can rival.
Depositary solution – an open architecture
The Lyxor Hedge Fund Index was up 0.7 per cent in June, with seven out of 12 Lyxor indices ending the month in positive territory.
The index is up 1.6 per cent year-to-date.
The Lyxor Merger Arbitrage Index (+1.7 per cent), the Lyxor Special Situation Index (+1.7 per cent) and the Lyxor Long Short Equity Market Neutral (+1.4 per cent) led the way.
Despite rising geopolitical tensions, for example in Iraq and Syria, risky assets performed well in June supported by monetary policy. In early June, the ECB eased policy to address the inadequate financing and support lending
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