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The SYZ & CO group has launched a retail class for OYSTER European Selection, the fund of its Luxembourg Sicav OYSTER.
Until now, this fund launched in 2011 was available only to institutional investors.
Since it was launched, OYSTER European Selection has ranked in the first percentile of European equity funds, with a cumulative performance of +83.6 per cent.
Launched in November 2011 and managed by Eric Bendahan, OYSTER European Selection retains the approach and philosophy of the fund OYSTER European Opportunities but with a longer investment horizon (more than five years). This enables the manager to be
Euronext, a wholly owned subsidiary of IntercontinentalExchange Group (ICE), has appointed Jos Dijsselhof as chief operating officer with effect from 1 July 2014, pending regulatory approvals.
His role will be to ensure seamless and orderly operations across Euronext’s pan-European markets.
Dijsselhof (pictured) has more than 20 years’ experience in the financial industry. Until this appointment, he was general manager group hubs at Australia and New Zealand Bank (ANZ) based in Singapore, where he created and expanded ANZ’s integrated network of offshore services for banking operations, shared services, technology and corporate functions. This covered 9,000 staff from India, the Philippines, China and
For the second time this year, fund governance firm DMS Offshore Investment Services (DMS) has been recognised for the quality of its regulatory advisory services by the readers of Hedgeweek.
DMS was awarded "Best Offshore Regulatory Advisory Firm" in the 2014 Hedgeweek US Awards at a ceremony held in New York City on 29 May.
DMS received a similar honour on 28 February in London, when it was named Best Offshore Regulatory Advisory Firm in Hedgeweek's Global 2014 awards.
For both awards, DMS was selected through a poll of the magazine's readers and the firm had no part
Order book turnover on Xetra, the Frankfurt Stock Exchange and Tradegate stood at EUR96.1 billion in May 2014, down from EUR109.2 billion in May 2013.
Of the EUR96.1 billion, EUR88.4 billion were attributable to Xetra (May 2013: EUR99.5 billion).
EUR3.9 billion were attributable to the Frankfurt Stock Exchange (May 2013: EUR5.4 billion).
Order book turnover on Tradegate Exchange totalled approximately EUR3.8 billion in May (May 2013: EUR4.3 billion).
In equities, turnover reached EUR84.2 billion on Deutsche Börse’s cash markets (Xetra: EUR78.9 billion, Frankfurt Stock Exchange: EUR1.8 billion, Tradegate Exchange: EUR3.5 billion). Turnover in bonds was EUR1.0 billion,
May 2014 average daily volume (ADV) and total monthly volume in futures on the CBOE Volatility Index (VIX Index) and total exchange-wide at CFE have fallen since May last year.
Average daily volume in VIX futures was 143,946 contracts during May, a one per cent decrease from May 2013 and a 19 per cent decrease from April 2014.
May total trading volume in VIX futures was 3.02 million contracts, a six per cent decrease from May 2013 and a 19 per cent decrease from April 2014. Year-to-date, VIX futures total volume of 19.14 million contracts is 16 per cent
The 12th Annual Midwest Open Your Heart to the Children Benefit organised by Hedge Funds Care/Help For Children (HFC) raised over USD670,000.
The money will be distributed to local Midwest charities that work to prevent and treat child abuse through HFC’s rigorous granting process.
The benefit brings together the hedge fund, proprietary trading, private equity, and venture capital communities to provide direct support for local Chicago charities that prevent and treat child abuse.
Edward Haravon of Spot Trading and Benji Wolken of Ernst & Young are this year’s Midwest Committee of Hearts co-chairs.
The 5th Annual Kelly
The Morningstar MSCI Composite AW Hedge Fund Index, an asset-weighted composite of nearly 1,000 hedge funds in the Morningstar Hedge Fund database, increased 0.1 per cent in April.
The S&P 500, meanwhile, rose 0.7 per cent while the small-cap Russell 2000 declined 3.9 per cent.
The Morningstar MSCI Composite AW Hedge Fund Index has increased 1.2 per cent for the year through April.
“Markets continued divergent performance in April,” says AJ D’Asaro, fund analyst at Morningstar. “US small-cap companies, traditionally a bulwark for hedge funds, declined further as investor sentiment reversed in small-cap growth stocks. European stocks, however,
Ahead of this week’s ECB monetary policy meeting, hedge funds are cutting positions on the common currency in the anticipation of the central bank adopting expansionary measures, according to Philippe Ferreira, head of research at Lyxor’s managed account platform (MAP).
Options for the Frankfurt-based institution involve a cut of the main policy rate; a cut in the deposit rate to negative territory; and the adoption of unconventional measures such as outright quantitative easing, LTRO and ABS purchases.
Both CTAs and global macro funds recently cut exposures to the EUR vs USD, though the former remain long EUR in net
The pressing issues within the Insurance Linked Securities (ILS) sector will take centre stage at a Guernsey Finance-hosted thought leadership event in Zurich next month.
The event, ILS Insight, takes place at the Park Hyatt Zurich on 2 July and will include two panel sessions featuring ILS experts from Guernsey, the UK and mainland Europe.
An introduction will be provided by Fiona Le Poidevin (pictured), chief executive of Guernsey Finance – the promotional agency for the island’s finance industry.
“I am delighted that we have been able to secure this group of panellists who are all extremely well
The Commodity Futures Trading Commission has issued an order granting a request from ICE Clear Europe regarding portfolio margining of futures and foreign futures contracts.
The order, which is pursuant to Section 4d(a) and (b) of the Commodity Exchange Act, amends an earlier order dated 15 October 2012, which set forth terms and conditions under which ICE Clear Europe and its clearing members that are registered futures commission merchants may (1) commingle in an account subject to Section 4d(a) and (b) (a futures customer account) positions in futures and options, and foreign futures and foreign options, and related customer money,
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