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Singapore Exchange (SGX) and Dalian Commodity Exchange (DCE) have signed a memorandum of understanding (MOU) to collaborate on promoting the development of commodities markets in China and Singapore.
The two exchanges inked the MOU in Singapore on 7 March.
The MOU will jointly explore areas of cooperation including development of new commodity derivative products, joint commodity-related events, information sharing, training, member and investor education in each other’s markets. Through the MOU, DCE and SGX aim to strengthen understanding and promote bilateral partnership.
Liu Xinqiang, chairman, Dalian Commodity Exchange, says: “China is the world's major commodity producer and consumer.
Don’t rule out a UK rate rise in 2014, says Thant Han, portfolio manager at US-based Standish, a BNY Mellon company. Meanwhile, a mid-2015 interest-rate hike looks more likely for the US as ‘tapering’ remains on track…
We believe the chances of a UK interest-rate hike by the end of this year are rising. The general consensus is an early 2015 rise but there is plenty to support earlier action from the Bank of England (BoE): from unemployment being down to the BoE’s forward guidance range, the very real prospect of above-trend growth by the end of 2014, to stable
LCH.Clearnet has expanded its compression offering to include multilateral compression via SwapClear, its interest rate derivatives clearing service.
Multi compression is in addition to SwapClear’s existing Solo and Duo compression capabilities and enables multiple members to simultaneously compress their trades with each other.
Compression reduces the number of trades and notional outstanding by terminating contracts with offsetting positions. This allows market participants to reduce their counterparty credit exposure and capital costs, as well as increase their operational efficiency through lower administrative and legal expenses.
In 2013, SwapClear compressed over USD83trn through its proprietary and TriOptima’s compression offering.
Charteris Treasury Portfolio Managers has appointed multi-manager Tony Yousefian.
Yousefian joins the firm from City Financial, where he managed the EFA OPM Fixed Interest Fund and the EFA OPM Property Portfolio Fund.
Formerly chief investment officer of OPM Fund Management, Yousefian joined City Financial in April last year following the acquisition of OPM Fund Management Ltd by City Financial.
Yousefian will continue to manage the GBP9.5m EFA OPM Property Portfolio Fund in his new role at Charteris. The fund, which has delivered a return of 6.1 per cent over the year to 28 February, against a sector average
Interdealer-broker Tullett Prebon’s alternative investments (AI) team has opened an office in Dubai to serve the Middle East market.
Gahtan Vahidy, a member of the team since May 2010, has been appointed head of alternative investments Middle East.
The team will focus on the origination and placement of third party alternative investment fund products to a wide range of investors across the Middle East and Australia.
In addition, Dan Nolan has joined the London team as senior broker in charge of hedge fund distribution in Europe. Nolan has extensive secondary market experience having specialised in trading illiquid assets
Worth Venture Partners (WVP), a hedge fund business founded in 2012 by Abby Flamholz and David Wertentheil, has announced the official seeding of its flagship fund.
The Emerging Manager Onshore Fund launched with USD45m on 3 February with a commitment letter from an anchor investor for an additional USD10m. Additional money from confirmed private clients amounts to a total of USD60m.
The fund's first share class is now closed. The second "accelerator" share class to accommodate early stage investors will launch on 3 March with a fee structure of 1.5 per cent management fee and a 20 per cent performance
The Chartered Alternative Investment Analyst Association (CAIA) is to certify Fordham University’s Gabelli School of Business secondary concentration in its alternative investing designation.
Gabelli School of Business students taking the secondary concentration in alternative investing and their professors will now be able to prepare and sit for the CAIA exam part one, as a first step toward their completion of a CAIA certification in the specialised field of alternative investments.
The agreement was signed by Donna Rapaccioli, dean of the Gabelli School of Business and the Business Faculty, and Keith Black, director of curriculum at CAIA.
“This partnership
As the gold price rose amid safe haven buying from the tension in Ukraine, GoldMoney customers waited out the rush with the bulk of precious metal purchases occurring after the main market moves, says Roland Khounlivong, Head of Dealing at the online precious metals trader…
Our customers have been paying attention to prices and timing their purchases, with big orders coming in after Russia withdrew the imminent military threat from Ukraine.
That’s not to say the tensions didn’t have an impact. Buy orders, particularly for gold are up. Our Brink’s vault in Toronto, Canada and Malca-Amit in Singapore were the main
February proved to be a more positive month performance-wise for alternative UCITS funds with the UCITS Alternative Index Global returning 1.06 per cent. All strategies, bar two, posted positive returns.
As was the case in January, the best performing strategy was long/short equity, gaining 2.14 per cent to leave it up 2.05 per cent YTD. Also doing well in February were CTA, event-driven and emerging markets strategies, gaining 1.27 per cent, 0.95 per cent and 0.95 per cent respectively. FX and volatility strategies registered minor losses of 0.28 per cent and 0.08 per cent. Behind long/short equity, the next best
The Lyxor Hedge Fund Index was up 1.9 per cent in February, bringing year to date performance to +1.45 per cent, with 11 out of 12 strategy indices in positive territory.
The Lyxor Special Situations Index (+3.48 per cent), the Lyxor CTA Long Term Index (+3.4 per cent) and the Lyxor L/S Equity Long Bias Index (+2.7 per cent) led the way.
Gains across equity markets reversed the weak start of the year, driven by better investor sentiment and lower risk premiums. The consensus eventually ignored most of the US data noise, likely impacted by extreme weather. The end
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