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TABB Group has promoted Matt Simon to principal, head of futures research for the capital markets research and consulting firm’s expanding Research Alliance Derivatives practice.
The promotion will be formally announced today at the firm’s second annual derivatives conference, Derivatives 2014: A Market in Transition at the W Chicago Center in downtown Chicago, where he will conduct a special “armchair” conversation with Michael Harris, president of Campbell & Company.
CFTC commissioner Scott O’Malia is the event’s keynote speaker.
“Matt consistently has shown that he is one of the most respected analysts in capital markets,” says Bob Iati, a
By Donald A Steinbrugge, Agecroft Partners – There is a constant flow of articles in the media articulating that hedge funds have performed badly because they have underperformed the S&P 500 index. Many of these articles suggest that it is just a matter of time before investors wise up and begin redeeming from these over-priced investments.
However, contrary to these stories is the fact that hedge fund industry assets continue to reach all time record highs. February hedge fund asset inflows were the strongest monthly inflows since before the 2008 market correction. In addition, in recent industry surveys a majority
FNEX has aggregated in excess of USD40 billion in alternative investment opportunities including investments in businesses, real estate, hedge funds and managed futures accounts.
FNEX launched FNEX.com, an online marketplace for alternative investments including direct placements in private companies, hedge funds and managed futures accounts, in September 2013.
The web-based platform provides investment advisors, family offices, institutions, and accredited investors access to investment opportunities offered by investment banks and funds across the US.
The distribution platform also provides investors with the tools needed to educate themselves on alternative investment opportunities.
“The rate at which accredited investors and
Hedge funds took USD11.2 billion (0.5 per cent of assets) in March, down from a three-year high of USD24.9 billion (1.2 per cent of assets) in February, according to BarclayHedge and TrimTabs.
“Investors pumped USD38.6 billion into hedge funds in the first quarter, the best quarterly inflow since the first quarter of 2011, when the industry took in USD47.9 billion,” says Sol Waksman, president and founder of BarclayHedge.
Industry assets climbed to a five and a half year high of USD2.2 trillion in March, according to estimates based on data from 3,375 funds.
Assets rose 19 per cent
The Michael Lewis PR machine hit London last week, leaving a trail of obfuscation in its wake. According to TABB Group Europe’s senior research analyst Rebecca Healey, Lewis describes a buy side unaware of what’s happening in the market. However, this hapless bunch of individuals he portrays is not representative of the industry…
Private financial cloud provider Options has appointed former NYSE Euronext executive Richard Hughes as senior vice president, managing director for Europe.
Hughes, who was most recently responsible for global business development at NYSE Technologies, NYSE Euronext’s commercial technology division, will be responsible for overseeing the firm’s wider European division and associated efforts to drive new business growth, deliver service excellence and further develop Options’ regional relationships and broader European presence.
Hughes brings 25-plus years’ experience in building and developing high performing teams and selling complex business integration solutions to the financial services industry.
In addition to his most
Four of the seven IndexIQ Investable Hedge Fund Performance Indices – a proprietary family of hedge fund replication and alternative beta indices – recorded positive performance in April.
The IQ Hedge Fixed Income Arbitrage Beta Index led the way with a return of 0.80 per cent, followed by the IQ Hedge Market Neutral Beta Index (0.42 per cent), the IQ Hedge Event-Driven Beta Index (0.26 per cent) and the IQ Hedge Composite Beta Index (0.17 per cent).
The IQ Hedge Long/Short Beta Index was the month’s worst performer losing 0.29 per cent while the IQ Hedge Emerging Markets Beta
The Market Vectors Hedge Fund Beta Indices experienced mixed results in April with two of the six indices seeing positive returns, one remaining flat and the other three ending the month in negative territory.
The MV Western Europe L/S Equity Hedge Fund Beta Index was the top performer with a return of 1.20 per cent while the MV Global L/S Equity Hedge Fund Beta Index returned 0.35 per cent and the MV Asia (Developed) L/S Equity Hedge Fund Beta Index remained static.
The MV North America L/S Equity Hedge Fund Beta Index, MV Global Event L/S Equity Hedge Fund
The European Energy Exchange (EEX) is to start an initiative to relaunch its coal market.
The initiative will focus on Trade Registration which means the registration of OTC trades for clearing.
EEX has attracted several well-known brokers that support the Trade Registration offer.
As of 21 May 2014, GFI Securities Limited, Spectron Energy Services Ltd (part of Marex Spectron Group), Tradition Dubai Limited and Tullett Prebon (Europe) will offer the EEX coal products on their platforms. From this day onwards, an exemption from fees will apply to the registration of these transactions on EEX for clearing via European
The global investment team of Centaurus Capital, led by chief investment officer Randy Freeman, is to join the Fortress Investment Group’s liquid markets business.
The team, which will be rebranded as the Fortress-Centaurus Global Strategy, will operate out of Fortress’s offices in Hong Kong, London and New York, and will immediately transition to Fortress’s technology, infrastructure and marketing platforms.
The addition will further diversify Fortress’s liquid markets business, adding a seasoned team with 20 years of experience in the fast growing global equity long-short and event-driven space.
Centaurus Capital was co-founded by Freeman and Bernard Oppetit in 2000. The
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