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Managed futures lost 0.78 per cent in March, according to the Barclay CTA Index compiled by BarclayHedge.
The index is down 0.77 per cent in 2014.
“Trendless zigzagging equity markets, volatile commodity markets, and a bond market sell-off all contributed to poor performance in March," says Sol Waksman, founder and president of BarclayHedge.
Five of Barclay’s eight CTA indices had losses in March. The Barclay Diversified Traders Index was down 1.20 per cent, Financial & Metals Traders lost 0.85 per cent, and Systematic Traders also gave up 0.85 per cent.
Currency Traders gained 0.27 per cent in
Hedge fund cloud services specialist Liquid Holdings Group is to be among the first group of approved service providers included in the FIS Group Ecosystem.
FIS Group created the Ecosystem to assist talented entrepreneurial portfolio managers in the formation and strengthening of new asset management firms.
Funded entirely by revenue generated from FIS Group's core business and provided at no cost to the managers, the Ecosystem leverages FIS Group's relationships in the market place to negotiate discounts from shared service vendors and facilitate introductions to potential capital providers.
As one of the initial group of 17 select service
The NASDAQ OMX Group has expanded its London business to new, larger premises.
The move will bring together all of NASDAQ OMX’s 150+ employees in London, following the 2013 acquisitions of Thomson Reuters’ investor relations, public relations and multimedia solutions businesses and eSpeed, and the launch of the NLX derivatives market.
London as a global financial hub is a key market for NASDAQ OMX, which is a provider of trading, exchange technology, information and public company services.
NLX is NASDAQ OMX’s London derivatives platform for trading interest rate derivatives. In 10 months of operation NLX has achieved a moving
Private financial cloud provider Options has implemented a series of upgrades and expansions to its managed server hosting and connectivity in Carteret, New Jersey.
The announcement comes ahead of this month’s eSpeed migration to the main Nasdaq data centre in Carteret, which follows the stock exchange’s July 2013 acquisition of the US Treasuries-trading platform.
The migration will see eSpeed move from the market’s current location in Rochelle Park, New Jersey and is planned for 7 April.
Options’ Carteret solution leverages the firm’s PIPE Velocity Platform, the IaaS provider’s ultra-low latency market data, connectivity and application hosting service, and
San Francisco 49ers owner/chair John York, CEO Jed York, players, coaches, alumni and cheerleaders are to attend the 13th Annual San Francisco “Open Your Heart to the Children” Benefit organised by Hedge Funds Care and the San Francisco 49ers Foundation.
The focus of this annual event is for the Bay Area hedge fund industry to work with a football team to support local child abuse prevention and treatment programmes.
This year the event will be held on 23 April 23rd in a new space at the Metreon’s City View.
As in years past, the event features a large
The Salus Alpha diversified CTA strategy "Directional Markets" (DMXUSD) delivered +4.12 per cent in March 2014, according to the db select Manager Performance Flash Report – March 2014.
This led to it being ranked first YTD 2014 and third trailing 12 month return of established managers on DB Select Platform, outperforming the world's biggest CTA managers.
The average trailing 12 month volatility is 11.47 per cent.
Salus Alpha Capital expects the strong performance to continue. YTD performance has reached 12 per cent by mid-April.
Salus Alpha remains highly uncorrelated to other CTAs.
Oliver Prock, CEO and
Hedge funds lost 0.09 per cent in March, according to the Barclay Hedge Fund Index compiled by BarclayHedge. The index is up 1.39 per cent year to date.
“Global equity markets experienced their version of March Madness as fears of Russian expansionism, Fed tightening, and slowing growth in China spiked intra-month volatility,” says Sol Waksman, founder and president of BarclayHedge.
The Equity Short Bias Index fell 2.47 per cent in March, the Technology Index lost 2.34 per cent, Healthcare & Biotechnology gave up 1.29 per cent, Global Macro was down 0.92 per cent, and European Equities lost 0.90 per cent.
FRMO Corp has purchased a 37.57 per cent stake in the Bermuda Stock Exchange (BSX) and is now the exchange’s largest shareholder.
Murray Stahl, chairman of FRMO, will be joining the BSX board of directors (Council).
Stahl is also chairman of Horizon Asset Management, a registered investment adviser.
A private equity fund managed by Horizon Asset Management invested in the BSX in 2008 and currently holds 2.21 per cent of the BSX's shares.
This investment brings FRMO and affiliates' commitment to the BSX to nearly 40 per cent. Other investors in the BSX include the TMX Group,
PGGM Vermogensbeheer has appointed Citi as the depository bank for its range of alternative investment funds.
The appointment extends the existing long-standing relationship between the two.
Citi established its depositary facility in the Netherlands in July 2013 following the implementation of the Alternative Investment Fund Managers Directive (AIFMD). The bank is now able to support locally-domiciled funds with independent depositary capabilities, including oversight of funds’ service providers, safekeeping of funds’ assets and daily automated monitoring of funds’ investment guidelines and regulatory restrictions.
“We are delighted to welcome PGGM’s fund range as the first live clients for our Dutch
The European Parliament voted to adopt the UCITS V Directive on 15 April 2014, settling any fears and uncertainties that political disagreement over the scope of the remuneration rules might scupper its approval.
UCITS V will come into closer alignment with the Alternative Investment Managers Directive (AIFMD), which was transposed into EU law last July to regulate the activities of European alternative fund managers. Michel Barnier, Internal Market and Services Commissioner of the European Commission, has emphasized the need to maintain the UCITS framework as a “gold standard for fund regulation globally”.
In a legal update from law firm
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