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The Israel hedge fund industry has seen a 33 per cent growth in assets in the past two years to USD2.7 billion under management, according to a survey by Tzur Management.
The survey covers 89 fund managers operating in Israel, representing a growth of 50 per cent in the number of active fund managers over the past two years.
Thirty new funds launched in 2013 alone, according to the study.
Tzur has launched the Tzur Capital Management Israel Index of Israeli hedge fund performance (TCMI), which has outperformed the hedge fund industry in 2012 and 2013 averaging returns
Calastone, the global fund transaction network, is sponsoring a fourth Charity Shield five-a-side football tournament on 5 June at the London Soccer Dome.
Participating teams already signed up include Architas, Ascentric, Brooks Macdonald, Henderson, IFDS, Invesco, Investec, J O Hambro Capital and Novia.
The event hosted by Calastone has seen in excess of GBP35,000 raised for charities in its first three years, and this year fundraising will be for Children in Crisis, which gives children in some of the world’s poorest and conflict affected countries the education they need to help transform their lives.
Koy Thomson, chief executive of
Managed futures gained 0.15 per cent in April, according to the Barclay CTA Index compiled by BarclayHedge.
The index is down 0.60 per cent in 2014.
“A mid-month trend change in global equity markets kept managers on either side of the market cautious,” says Sol Waksman, founder and president of BarclayHedge.
Six of Barclay’s eight CTA indices were in positive territory in April. The Barclay Discretionary Traders Index gained 0.61 per cent, Agricultural Traders were up 0.58 per cent, Diversified Traders gained 0.19 per cent, and Systematic Traders added 0.13 per cent.
“A continuing downtrend in interest
Institutional investors in Europe plan to reallocate their portfolios in the next 12 months adding equities and alternative investments at the expense of developed market sovereign debt, says AllianzGI.
A new survey has found that, like their global peers, around 30 per cent of European investors said they want to increase their allocation to international equities, with just six per cent wanting to reduce their position.
Emerging market equities are also on the buy list of 21 per cent of the European respondents (global 25 per cent), with just five per cent (global eight per cent) looking at reducing their allocation. Investor
Neuberger Berman Asia has appointed six marketing and sales executives in Asia, as the firm grows to meet client demand in the region.
Marco Tang joins the Hong Kong office from Baring Asset Management as head of retail distribution for mainland China and Hong Kong.
Katherine Low, based in Singapore, joins from Blackrock to spearhead Neuberger Berman's retail distribution in Singapore.
Elina Choy, formerly with First State, has been named head of Asia Pacific product and marketing, based in Hong Kong.
Kay So, previously with AllianceBernstein, has joined as a marketing director in Hong Kong.
Anny
Hedge funds lost 0.24 per cent in April, according to the Barclay Hedge Fund Index compiled by BarclayHedge.
The index is up 1.14 per cent in 2014.
“Intra-month volatility in global equity markets proved troublesome for equity long/short funds as the MSCI World Index dropped three per cent in the first half of the month, yet managed to end the month with a one per cent gain,” says Sol Waksman, founder and president of BarclayHedge.
Twelve of Barclay’s 18 hedge fund indices lost ground in April. The Technology Index dropped 3.68 per cent, Healthcare & Biotechnology fell 3.64
European Central Counterparty (EuroCCP), the largest cash equities central counterparty in Europe, will be clearing trades executed on London Stock Exchange (LSE).
Firms using EuroCCP to clear UK equities trades executed on Aquis, BATS Chi-X, Equiduct, GETMatched, Sigma-X, SmartPool, Turquoise and UBS MTF will be able to direct LSE trades to EuroCCP and save at least 50 per cent on settlement costs.
Through cross-platform netting by EuroCCP, all trades in the same UK stock, regardless of where they are executed, can be netted with LSE trades into one single settlement obligation.
In April EuroCCP became the first authorised
Dr Ed Altman has joined the high yield team at alternative asset management company Tradex in an alliance to help execute the firm's Short-Biased High Yield strategy.
Altman (pictured) is the Max L Heine Professor of Finance at the Stern School of Business, New York University.
He is also the director of research in credit and debt markets at the NYU Salomon Center for the Study of Financial Institutions and a well-known high yield bankruptcy expert.
"We are fortunate to have Dr Altman work with us to help execute and promote our Short-Biased High Yield Strategy. He is
Palmer Square Capital Management’s first mutual fund, the Palmer Square Absolute Return Fund, has passed its third anniversary.
The Palmer Square Absolute Return Fund provides access to fund managers and strategies, including opportunistic credit strategies run by Palmer Square.
The fund seeks to achieve absolute returns over a market cycle with low beta and correlation to the traditional equity and fixed income markets.
Since its inception, the fund has grown to USD295 million in assets (as of 16 May 2014).
Christopher D Long, president and co-portfolio manager of Palmer Square, says: "We are thrilled with the positioning
361 Capital, an asset management firm specialising in liquid alternative investments, is to expand its family of alternative mutual funds by launching a series of funds that will be sub-advised by single managers.
In contrast to the alternative mutual funds that use multiple managers, 361 Capital’s new funds are expected to be single-manager strategies.
The firm plans to partner with hedge fund managers and successful managers of alternative mutual funds, who will serve as sub-advisors.
Distribution will be carried out through a hybrid strategy that leverages marketing automation, technology and a strong sales force, with a primary focus
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