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Philippe Jabre has been successfully managing convertible bonds for 30 years. Whilst at GLG Partners (between 1997 and 2006), Jabre honed his convertible bond strategy resulting in five funds with a combined AuM of USD7bn at its peak. In 2007, Jabre branched out and launched the JABCAP Convertible Bond Fund with founding partners, Mark Cecil (pictured) and Philippe Riachi.
Since inception the fund has generated consistently strong returns by combining a top-down thematic macro-driven approach with rigorous bottom-up fundamental analysis to identify the best trading opportunities within the convertible bonds market.
The fund portfolio currently holds approximately 111 convertible bond positions
The Europa Event Driven Fund is managed by José Luis Pérez. Pérez (pictured) aims to capture investment opportunities around corporate activity in Europe through inefficiencies and under or over-valuations relating to M&A, capital structure changes, spin-offs, regulatory changes, recapitalisations, restructurings and bankruptcies.
“The investment philosophy for the Europa fund is to generate performance for our clients while employing active risk management. In that sense, we like to invest in situations where there is asymmetry between significant upside and limited downside, or if there isn’t limited downside that there are ways to hedge away the tail risk,” explains Pérez.
Typically, the
The Hedgeweek Global Awards 2014 event, sponsored by Lyxor Asset Management and held at the end of February, featured winners from across the hedge funds spectrum who gathered in London’s Mayfair to celebrate a year of illustrious achievement.
In her opening address at the Hedgeweek Global Awards 2014 event, Florence Barjou, Head of Multi Asset Investments and portfolio manager for the ARMA funds, Lyxor Asset Management, said that buy and hold would not be a key strategy in 2014.
“If you look at fundamentals we are clearly in a situation where cyclical risks are receding and market conditions are steadily
The winners of the Hedgeweek Global Awards 2014, as voted for by our readers…
Best Macro Manager – Blue Sky Capital Management
Best Event Driven Activist Manager – Third Point LLC
Best Event Driven Merger Arbitrage Manager – Paulson & Co
Best Event Driven Distressed Manager – Dromeus Capital Group
Best Event Driven Multi-Strategy Manager – Cygnus Asset Management SGIIC, SA
Best Relative Value Convertible Bond Manager – Jabre Capital Partners
Best Relative Value Volatility Arbitrage Manager – Antecedo Asset Management
Best Relative Value Fixed Income Arbitrage Manager – Danske Invest Hedge Fixed Income Strategies
Best Relative Value Multi-Strategy Manager
The Over-the-Counter (OTC) Derivatives Regulators Group (ODRG) has issued a report that identifies the current list of remaining cross-border implementation issues related to global reform of OTC derivatives markets.
The ODRG is made up of authorities with responsibility for the regulation of OTC derivatives markets in Australia, Brazil, the European Union, Hong Kong, Japan, Ontario, Quebec, Singapore, Switzerland, and the US.
The report also includes a summary of the status of such issues and a timetable for addressing them through a series of reports to the G20 Finance Ministers and Central Bank Governors over the course of 2014.
Abacus Group, a provider of hosted IT solutions for hedge funds and private equity funds, has formed a strategic partnership to host LiquidityBook’s complete buy-side solution, LBX, in the AbacusFLEX private cloud.
The partnership will offer AbacusFLEX clients access to LBX, which brings together order management, portfolio management, trading, network connectivity, compliance, and post-trade processing in one simple and reliable product.
LBX handles orders across asset classes and currencies as well as multiple prime brokers and is accessible 24/7.
LiquidityBook developed LBX to help clients adapt to a constantly evolving market environment by providing a platform that consistently utilises
More than two-thirds (67 per cent) of alternative investment fund managers say they are still concerned about reporting to local regulators, despite nearly all (95 per cent) saying they feel informed on the requirements of AIFMD.
This is one of the key findings of Confluence's 2014 Alternative Investment Fund Management Directive Transparency Reporting Survey, which polled 60 AIFMs and third party administrators to assess perceptions of and attitudes toward AIFMD regulation and compliance.
“Fund managers and third-party administrators are facing one of the most complex regulatory reporting challenges the industry has had to manage to date,” says Melvin Jayawardana,
Singapore Exchange (SGX) is consulting the public on the proposed introduction of SGX Uniform Singapore Energy Price (USEP) Quarterly Base Load Electricity Futures.
The futures would be traded on SGX-Derivatives Trading platform and cleared on SGX-Derivatives Clearing house.
This is the first electricity futures to be introduced in Asia. The proposed contract will be a standard, cash-settled futures contract listed as contract quarters (i.e. January to March, April to June, July to September, and October to December).

The SGX USEP Quarterly Base Load Electricity Futures contracts provide a means for market participants in the Singapore electricity market
International law firm Maples and Calder has appointed 12 new partners across its global offices.
The new partners in the Cayman Islands office include Daniel Beckett, Jeremy Bomford, Michael Johns, Jonathon Meloy and Justin Pennay.
James Gaden, Richard Grasby and Terence Ho were appointed to partner in the Hong Kong office.
In the firm's Dublin office, Elizabeth Bradley and John Breslin were elected.
Matthew Gilbert and Tom Katsaros were appointed in the London and Singapore offices, respectively.
Global managing partner Henry Smith says: "Each year, we look forward to the chance to recognise the hard work
Euronext, a wholly owned subsidiary of IntercontinentalExchange Group, has appointed three leaders for its financial derivatives, commodities and cash businesses with effect from 1 April 2014.
Adam Rose will be appointed head of financial derivatives at Euronext. He has a strong track record of growing businesses over more than 20 years in the sales and trading of derivatives at Goldman Sachs and Commerzbank, and in the past seven years as managing director at ABN Amro. Rose has extensive experience in both fixed income and equity derivatives and his most recent roles included head of sales and deputy head of global
