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The hedge fund industry has survived the global financial crisis, diversified its offerings beyond its traditional investor bases, and is currently in a phase of optimising its business operations and offerings.
That’s according to Citi Investor Services’ fifth Annual Industry Evolution survey.
By all metrics, the industry is thriving, with assets continuing to grow to new record highs. Citi sees the total pool of capital being advised by hedge fund managers doubling from USD2.9 trillion in 2013 to USD5.8 trillion in 2018.
In addition to offering more access to retail investors and creating customized solutions for institutional investors,
Chicago-based investment manager Emil van Essen has launched the EvE Multi-Strategy Programme (EvE MS).
EvE MS is a 50-50 combination of the firm’s flagship EvE Spread Trading Programme (EvE STP) and the EvE Long-Short Commodity Programme (EvE LSCP).
“We are very proud of EvE STP and EvE LSCP and are excited to offer these programmes in combination,” says Emil van Essen, chief executive. “We believe the MS will provide risk-adjusted returns that are superior to the individual programmes while maintaining their non-correlation and diversification benefits from other CTA programmes.”
Chicago Board Options Exchange (CBOE) plans to introduce PM-settled, end-of-month options series (EOM) – with expiration dates falling on the last business day of the month – for its S&P 500 Index (SPX) options.
CBOE is adding SPX EOM options to its SPX options product line in response to requests from asset managers who want to more precisely match SPX option expirations to end-of-month fund cycles and fund performance periods.
"End-of-month options represent another dimension to our extensive S&P 500 Index options complex, which includes our flagship SPX contract, SPX end-of-week, SPX end-of-quarter and SPX LEAPS contracts. Each of
Fund servicing specialist Atlantic Fund Services in now operating in eight markets around the world following the opening of the firm’s new London office.
The UK office will focus on business development.
“London is a city of decision makers and a true centre for asset managers. We just have to be present here,” says Roman Lewszyk, CEO of Atlantic’s European business.
The new office is headed by Julian Naylor, a financial services IT executive. For the past 25 years Naylor has specialised in information technology and asset servicing. Prior to joining Atlantic, Naylor was managing director of confluence,
As much as USD70 billion is up for grabs for global hedge funds looking to raise money in Asia over the next few years, according to a Barclays survey.
Vast private wealth in the region and the rise of several large sovereign-wealth funds has long been an opportunity for global hedge fund managers. Asian investors, though, continue to account for a small portion of industry assets and have proven notoriously hard to win over.
Investors in the region currently account for around USD150 billion invested in global hedge funds, Barclays said, a sliver of the roughly USD2.5 trillion managed by the
4th Story has introduced a new set of tools that aim to simplify workflow and improve efficiency for analysts and portfolio managers.
The tools are targeted at the cumbersome, repetitive tasks that are necessary for PMs to stay abreast of the market and its interaction with the portfolios they manage. The integration of dynamic data from multiple sources often involves complex spreadsheets and repeated tedious interaction with third party terminals and platforms.
The new 4th Story tools build on the firm’s analytic capabilities to automate these tasks and produce reports that are both visually engaging and portable.
“Our
Robert K Steel has joined investment advisory and asset management firm Perella Weinberg Partners as chief executive officer, with effect from 7 July 2014.
Joseph Perella will continue in an active role as chairman, while co-founders Terry Meguid and Peter Weinberg will remain in their roles as co-head of asset management and head of advisory, respectively.
Steel’s (pictured) career of almost 40 years in financial services includes both public and private sector experience. Most recently he was New York City’s Deputy Mayor for Economic Development under Mayor Michael Bloomberg, where he spearheaded the administration’s major redevelopment projects.
As
Alternative investment management firm Evanston Capital Management (ECM) has appointed Carl Gargula as vice president – business development.
In this newly created role, Gargula will be responsible for marketing in the RIA, family office, bank, broker/dealer, and financial intermediary channels.
“Carl brings a wealth of experience in the RIA and high net worth channels, and we are very pleased to welcome him to ECM,” says Adam Blitz, chief executive and chief investment officer, Evanston Capital Management. “Carl will organise our marketing and communication efforts in these channels and help us assess needs and trends within that investor segment. We
BHA is to host the fourth Select Hedge Funds conference at Fenway Park – home of the Boston Red Sox – in Boston on 15 and 16 September 2014.
BHA Select Hedge Funds: Boston 2014 is a two day conference dedicated exclusively to one-on-one meetings between the premier hedge funds of 2014 with institutional and family office investors from around the globe.
Intimate introductory meetings will take place in the executive suites overlooking Fenway Park.
The event will include breakfast, lunch and dinner each day, entertainment, and networking opportunities.
Attendance at BHA Select Hedge Funds: Boston 2014
The international derivatives market Eurex Exchange is expanding its interest rate derivatives segment with the addition of physically deliverable Euro-Swap Futures, available from 1 September.
The new Euro-Swap Futures contracts are based on euro-denominated interest rate swaps with varying maturities (two, five, 10 and 30 years) and fixed rates.
On maturity of the futures contracts, a standardised euro-denominated interest-rate swap with the corresponding maturity and a fixed interest rate against a variable six-month Euribor rate will be delivered.
“The Euro-Swap Futures provide our participants with a cost-effective product which tracks the risk of the underlying with the margin
