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In April the international derivatives exchanges of Eurex Group recorded an average daily volume of 8.7 million contracts, down from 9.8 million contracts in April 2013.
Of those, 6.1 million were Eurex Exchange contracts (April 2013: 7.1 million), and 2.6 million contracts (April 2013: 2.7 million) were traded at the US-based International Securities Exchange (ISE).
In total, 177.2 million contracts were traded, thereof 122.2 million at Eurex Exchange and 54.9 million at the ISE.
In its largest segment – equity index derivatives – Eurex Exchange achieved 47.6 million contracts (April 2013: 54.3 million). Futures on the EURO STOXX
The SMP Partners Group has expanded its global network with the opening of a representative office in Dubai.
The long-established trust and corporate service provider officially opened the doors of its new representative office in the United Arab Emirates on 24 April.
Alongside its presence in Dubai’s Emirates Tower, the group has offices in Zurich and Hong Kong, as well as its headquarters in the Isle of Man.
The SMP Partners Group of companies comprises the provision of trust and company services, a large accounting and tax practice, fund administration services and ancillary administrative services. Employing more than
The Credit Suisse Liquid Alternative Beta Index, which aims to reflect the performance of the overall hedge fund industry, finished up 0.11 per cent in April.
The Long/Short Equity strategy was the strongest performer for the month, finishing up 0.68 per cent in April.
The strongest performing strategy year-to-date was the Event Driven strategy, which returned 2.63 per cent year-to-date through April.
The LAB series of indices seek to replicate the aggregate return profiles of hedge fund strategies using liquid, tradable instruments. LAB indices are priced daily and constructed using an objective and transparent rules-based methodology, making them
LGT Capital Partners has completed its merger with LGT Capital Management as of 25 April 2014. LGT Capital Management will be fully integrated as of 1 June 2014.
This move will see LGT Capital Partners strengthen its position as a leading provider of multi-alternatives solutions in Europe, increasing its assets under management to above USD 50 billion.
Following the completion of the required legal tasks, and with all legal and regulatory approvals having been granted, the operational integration will take place as of 1 June 2014. LGT's asset management business will operate under the name LGT Capital Partners, and
BNY Mellon has completed its acquisition of HedgeMark International, a provider of hedge fund managed account and risk analytic services.
Financial terms of the transaction have not been disclosed.
HedgeMark will become part of BNY Mellon’s asset servicing business, aligning with a number of groups, including its global risk solutions and alternative investment services units.
“HedgeMark’s capabilities align closely with many of our global investment services solutions and will help us deliver improved governance, risk reporting, and transparency to institutions with significant hedge fund investments. We are thrilled to welcome HedgeMark CEO Andrew Lapkin and his team to the
In this report, we explore the growing investor appetite for merger arbitrage in the context of rising M&A activity. We also discuss how managers have been adapting to the structural decrease in deal spreads and have maintained alpha generation intact.?
April 2014 average daily volume (ADV) and total monthly volume in futures on the CBOE Volatility Index (VIX Index) and total exchange-wide at CFE were down slightly from year ago levels.
Average daily volume in VIX futures was 178,167 contracts during April, a four-per cent decrease from April 2013 and a three-per cent decrease from March. April total trading volume in VIX futures was 3.74 million contracts, an eight-per cent decrease from April 2013 and a three-per cent decrease from March. Year-to-date, VIX futures total volume of 16.12 million contracts and ADV of 196,565 contracts per day are both ahead
Schroders has confirmed the launch of a new externally-managed fund on its GAIA platform – Schroder Paulson Merger Arbitrge, subject to regulatory approval. The UCITS fund will be based on the fundamental merger arbitrage hedge fund run by well-known hedge fund manager John Paulson of Paulson & Co. A minimum 85 per cent overlap between the Schroder GAIA fund and the Paulson International Limited fund is expected.
The fund is benchmark unconstrained and will target an annualised return of 8-10 per cent net of fees, with expected volatility of 6-8 per cent. The Fund can invest globally in equity, equity
BATS Global Markets (BATS) has reported a 20.7% US equities market share in April, up from 10.9% a year ago.
BATS Options, meanwhile has reported 4.2% market share, up from 4.0% one year ago. Separately, BATS Options is the lead sponsor of the annual Options Industry Conference taking place in Austin, TX.
In Europe, BATS Chi-X Europe has reported overall market share of 21.4% with average daily notional value traded on the exchange up 11.8% versus March 2013. Over the course of the month EUR364bn of pan-European OTC trades were reported to BATS’ trade reporting facility, BXTR, setting a new
Just weeks before the launch of HedgeCoVest, its new liquid alternatives platform, HedgeCo has secured a new strategic investment from GEMS Kenmar-Olympia Group.
Over the past decade, HedgeCo has built a broad suite of services for hedge funds, including capital introduction, startup consulting, fund administration, and HedgeCoVest, a new platform for investors that replicates the portfolio and trading strategies of third party hedge fund managers directly into the investors' brokerage accounts.
"Our new partnership with GEMS Kenmar-Olympia Group is a testament to the growth of HedgeCo over the last decade and an endorsement of the technology behind HedgeCoVest," says Evan
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