Latest News
Low-touch channels are anticipated to receive more than 40% of the commission wallet for the first time in 2014, up from 35% in 2013, according to TABB.
Rebecca Healey, a TABB senior analyst, says that over 60 per cent of the buy-side are now selecting algorithms according to strategy, not the underlying broker, a changing selection process impacting how brokers need to adjust their low-touch offerings in 2014.
“The ranks of the leading buy-side head traders who appreciate that they need to rely on greater technology, rigorous analysis and improved trading processes to survive are swelling,” says Healey.
In part two
All six of the Market Vectors Index Solutions (MVIS) Hedge Fund Beta Indices produced positive performance in February.
MV North America L/S Equity Hedge Fund Beta Index led the way with a return of 2.58 per cent, followed by MV Global L/S Equity Hedge Fund Beta Index (2.39 per cent) and MV Emerging Markets L/S Equity Hedge Fund Beta Index (2.15 per cent).
MV Global Event L/S Equity Hedge Fund Beta Index was the worst performer with a return of 1.22 per cent, while MV Asia (Developed) L/S Equity Hedge Fund Beta Index and MV Western Europe L/S Equity
The solution to the Crimea crisis will be political with both sides set to lose too much from a military conflict, says Maarten-Jan Bakkum, Senior Emerging Market Strategist, ING IM…
Russia has now admitted that it has occupied a strategic position in the Crimea. So Russia is jeopardising its relationship with the West and focusing purely on military interests, even at the risk of economic consequences, says
All eyes are now on that relationship with the West, which is under heavy pressure as Russia is apparently completely ignoring what the rest of the world thinks. And from that point of
Fiona Le Poidevin (pictured) of Guernsey Finance explains why Guernsey is an attractive place for Mena family offices to allocate their investments…
Writing in the October 2013 issue of Mena FM, I noted that a delegation from Guernsey was attending the SuperReturn Middle East conference in Abu Dhabi. Later last year a separate team also attended the Opal Middle Eastern Family Office Symposium in Dubai.
We found that both conferences were attended by a significant number of family offices (FOs) of wealthy Middle Eastern patriarchs looking for suitable investment opportunities and also fund managers who are seeking to raise
UBS Fund Services has launched its Depositary "Lite" platform to help managers of offshore funds fulfil the requirements of the Alternative Investment Funds Directive (AIFMD).
UBS will conduct the cash flow monitoring, safekeeping and general oversight requirements as required by the Directive which will be a change to the existing framework for offshore funds.
This new service is one of many new product offerings that UBS Fund Services will bring to market in 2014 to further support managers target European capital.
David Rochford, head of regulatory product development at UBS Fund Services, says: “We offer the full range
Average daily volume (ADV) in futures on the CBOE Volatility Index (VIX Index) and total exchange-wide ADV at CFE reached record levels in February 2014.
Also during the month, the exchange launched trading of futures on the CBOE Short-Term Volatility Index (VXST).
Average daily volume in VIX futures reached a new record of 216,797 contracts during February, a 35 per cent increase from February 2013 and a three-percent increase from January.
February's ADV topped the previous ADV record of 210,674 contracts in June 2013. February trading volume in VIX futures totalled 4.12 million contracts, a 35 per cent
Cantor Fitzgerald Asset Management (CFAM), a subsidiary of Cantor Fitzgerald, has acquired California-based Fintan Partners, a fixed income absolute return fund of hedge funds.
Fintan, led by founder Alexander Klikoff, will become part of Cantor Fitzgerald Asset Management (CFAM).
"This transaction is reflective of our objective to grow our asset management business and provide clients with exceptional investment opportunities under the Cantor umbrella," says Shawn P Matthews (pictured), chief executive officer of Cantor Fitzgerald & Co. "As we expand our position in the asset management space by adding the Fintan team, our customers will benefit enormously from the exceptional breadth
DMS Offshore Investment Services, the world's largest fund governance firm, has been voted the Best Offshore Advisory Firm in the Hedgeweek Awards 2014.


DMS was selected through a poll of the magazine's readers and the firm had no part in soliciting the award. More than 2,600 persons took part in the voting.
Hedgeweek's readers are mainly hedge fund investors, managers and their advisers.


Matthew Brown (pictured), director for DMS Offshore Investment Services (Europe), accepted the award at a ceremony in London on 28 February.


"We are humbled at this vote of confidence from Hedgeweek's readership, and at
The international derivatives markets of Eurex Group recorded an average daily volume of 7.9 million contracts in February 2014, down from 8.7 million contracts in February 2013.
Of those, 5.4 million were Eurex Exchange contracts (Feb 2013: 6.3 million), and 2.6 million contracts were traded at the US-based International Securities Exchange (ISE) (Feb 2013: 2.7 million).
In total, 157.4 million contracts were traded, thereof 108.9 million at Eurex Exchange and 48.5 million at the ISE.
Eurex Exchange recorded in its equity index segment, the largest product segment, 50.7 million contracts compared with 56.9 million contracts in February 2013.
Order book turnover on Xetra, the Frankfurt Stock Exchange and Tradegate stood at EUR102.6bn in February 2014, up from EUR93bn in February 2013.
Of the EUR102.6bn, EUR93.4bn were attributable to Xetra (February 2013: EUR85.2bn) and EUR4.7bn were attributable to the Frankfurt Stock Exchange (February 2013: EUR4.5bn).
Order book turnover on Tradegate Exchange totalled approximately EUR4.6bn in February (February 2013: EUR3.3bn).
In equities, turnover reached EUR88.7bn on Deutsche Börse’s cash markets (Xetra: EUR82.4bn, Frankfurt Stock Exchange: EUR2.2bn, Tradegate Exchange: EUR4.2bn). Turnover in bonds was EUR1.1bn, and in structured products EUR1.4bn. Order book turnover in ETFs/ETCs/ETNs amounted to EUR11.2bn.


Special Reports
FeatureD
- Insight
