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The gross return of the SS&C GlobeOp Hedge Fund Performance Index for February 2014 measured 2.20 per cent.
Hedge fund flows as measured by the SS&C GlobeOp Capital Movement Index advanced 0.91 per cent in March.
"Net flows were positive again for the month, with capital activity in line with historical averages," says Bill Stone, chairman and chief executive officer, SS&C Technologies.
The SS&C GlobeOp Hedge Fund Performance Index is an asset-weighted, independent monthly window on hedge fund performance.
On the ninth business day of each month it provides a flash estimate of the gross aggregate performance
Hedge funds were up 1.83 per cent in February 2014, according to Eurekahedge, recovering from their losses in the start of the year as the MSCI World Index posted gains of 3.87 per cent during the month.
Hedge funds recovered from January losses – all investment strategies yielded positive returns during the month with long/short equities and distressed debt leading with gains of 2.42 per cent and 2.33 per cent respectively
Global markets trended upwards during the month led by a resurgence of investor confidence in the global economy. Market sentiment held strong as weaknesses in recent US macroeconomic
Lombard Risk Management has formed an alliance with Broadridge Financial Solutions to address changing industry needs in the collateral management sector.
In recent years, several factors such as global regulatory changes, tighter liquidity, a move towards greater transparency and the increasing cost of collateral have prompted firms to rethink their approach to collateral management.
In response to these changing market dynamics, the partnership will combine Lombard Risk’s technology with Broadridge’s applications and infrastructure.
“Through our COLLINE collateral, clearing, repo and optimisation technology we have achieved a market-leading position, with significant amounts of collateral being handled through our platform
Trading of ISS shares has opened on Nasdaq OMX Nordic.
ISS, a large cap company within the industrial sector, is the third company to list on Nasdaq OMX Nordic in 2014, and the largest company to list on Nasdaq OMX Nordic since 2000.
Danish company ISS is a provider of facility services with operations in more than 50 countries across Europe, Asia, North America, Latin America and the Pacific. With more than 530,000 employees, ISS is one of the largest private employers in the world and its service offering includes cleaning, property services, catering, support services, security and facility
The FTSE China A50 futures and Nikkei 225 options traded on Singapore Exchange (SGX) topped the global equity derivatives category between 2008 and 2013, according to the Futures Industry Association (FIA) Annual Volume Survey.
SGX China A50 futures’ volume grew 63894.2 per cent to 21.9 million while SGX Nikkei 225 options grew 4260.9 per cent to 10.2 million.
In 2013 alone, the SGX China A50 futures more than doubled its 2012 volumes, making it one of the fastest growing equity index contracts in the world. Similarly, the Nikkei Options also grew rapidly at 132 per cent YoY.
Overall,
The Securities and Exchange Commission (SEC) has charged Jefferies with failing to supervise employees on its mortgage-backed securities desk who were lying to customers about pricing.
An SEC investigation found that Jefferies representatives including Jesse Litvak, who the SEC charged with securities fraud last year, lied to customers about the prices that the firm paid for certain mortgage-backed securities, thus misleading them about the true amount of profits being earned by the firm in its trading.
Jefferies’ policy required supervisors to review the electronic communications of traders and salespeople in order to flag any untrue or misleading information provided
Hedge funds started the year on a positive note, taking in USD4.4bn or 0.2 per cent of assets in January, according to figures released by BarclayHedge and TrimTabs Investment Research.
“The hedge fund industry took in USD56.6bn in the 12 months ended in January, a big reversal of the outflow of USD12.6bn in the previous 12-month span,” says Sol Waksman, president and founder of BarclayHedge.
Industry assets dipped to USD2.1trn in January from December’s five-year high of USD2.2trn, according to estimates based on data from 3,362 funds. Assets rose 14 per cent in the past 12 months but were
Alceda Asset Management has been granted a licence to act as Alternative Investment Fund Manager (AIFM) by the German Federal Financial Supervisory Authority (BaFin).
The licence will enable Alceda to work with initiators of alternative investment funds (AIFs) covering both traditional open-end equity and bond funds as well as closed-end real asset funds.
AIFs, which market and distribute in Europe, will now have the option to outsource the AIFM responsibilities of their fund to Alceda.
Michael Sanders (pictured), managing director of Alceda Asset Management and chairman of the board of Alceda Fund Management, says: “This capability allows us
The European Commodity Clearing (ECC) has expanded its offering to include reporting services required under the European Market Infrastructure Regulation (EMIR).
All market participants are obliged to forward data on concluded derivatives market transactions to a trade repository. ECC customers can now delegate this task to the clearing house.
“We have already connected six clearing members and 20 non-clearing members to our service,” says Dr Thomas Siegl, chief risk officer at ECC. “Just in time for the entry into force of this obligation, our participants were able to use this new service offered by ECC.”
The trade reporting
SEI has launched The Advisors’ Inner Circle Fund (AIC) III with an eye towards helping managers of private funds enter the retail space.
AIC III is the third series trust in the AIC platform that SEI first introduced over 20 years ago and was developed to provide managers with a turnkey solution for the operations of retail mutual funds.
This solution included an independent board of trustees, compliance programme, fund administration, accounting, investor servicing, and distribution services.
AIC III combines the size of SEI’s series trust platform and SEI’s background in alternative services with a new fund board experienced in the alternative investment market.
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