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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
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.?
