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Reuters reports that Segantii Capital Management, one of Asia's fastest growing hedge funds, has been hit by five recent resignations, people with knowledge of the matter told Reuters, after the firm saw its first annual loss.
Such an exodus is rare in the industry, and it marks a sharp u-turn for a fund that grew to manage about USD750 million from just USD25 million in 2007, making it one of the biggest capital raising successes in the region. The current staff turnover follows at least six departures last year that included its Chief Operating Officer Nigel Hellewell, who left just a
Reducing the UK’s national debt should be Chancellor George Osborne’s priority in 2014, according to a survey carried out by the Chartered Institute for Securities Investment (CISI).
Of 490 respondents, some 62 per cent believe that putting the country’s finances into better shape is the number one task for the Chancellor.
Of three other options offered in the online survey, 21 per cent feel that cutting taxes is his most important job, 12 per cent want him to increase public spending generally while five per cent favour more money being invested by the Government in pensions and the NHS.
Jersey’s position as the first “third country” to offer the option of a fully-compliant AIFMD regime is set to be highlighted at Jersey Finance’s annual funds conference in London this year.
Entitled Through the Looking Glass, the event will also highlight how a growing number of managers are considering relocating to Jersey while they assess the full impact of AIFMD.
To be held on 19 March at 8 Northumberland Avenue, the first London venue to have Musion 3D hologramming, the half-day conference will feature Gillian Tett as the keynote speaker and panel moderator. Tett is a British author and
Custom House Global Fund Services, a provider of financial services to the alternative investment sector, has opened a San Francisco office as part of its continuing expansion in the US.
Financial services veteran Gary Smith has joined Custom House as a commercial director and is responsible for continuing Custom House growth ambitions on the West Coast, opening a San Francisco office, and ongoing business development.
He will report to Scott Price, head of aales for the Americas, who is located in the company’s US headquarters in Chicago.
“Our expansion to the West Coast is part of Custom House’s
Sapient Global Markets and The Energy Data Hub (EDH) have launched an energy markets benchmarking service available to EDH platform users.
This service delivers insight into global energy transactions in order to support risk management and trade strategy.
It allows users to measure company performance against the broader market and identify contrasts in market region or location, as well as transaction type or class. The service will also provide energy market participants with the first ever set of relative market metrics, including market size, volume rankings, volatility rankings, most liquid markets, and most liquid transactions data.
Sapient Global
Liquid Holdings Group has launched version 3.6 of its Liquid platform, which integrates order and execution management with real-time risk, reporting, shadow NAV, and managed services in the cloud.
The updated platform now delivers a more comprehensive toolkit of pre-trade risk and compliance controls, more robust options trading capabilities, and expanded global equities markets coverage.
With pre-trade risk controls becoming a necessity for hedge fund managers, the Liquid platform provides a fully controlled environment that ensures trading activity does not breach investment mandates prior to placing a trade. In version 3.6, Liquid’s sub-millisecond pre-trade risk engine now includes net
Fewer than four in ten of those working in banks, asset managers and hedge funds believe investments in corporate tax policy have a significant impact on reputation, according to a new report from Kinetic Partners.
Despite this, the firm’s 2014 Global Regulatory Outlook (GRO) report says tax is to be a “defining issue for the remainder of the decade”.
The survey reveals that while large majorities believe investment in independent governance (84 per cent) and internal compliance arrangements (93 per cent) strengthens firms’ reputations, only 38 per cent of respondents think the same of tax policy investments.
Kinetic
Clearstream has opened up settlement to Russian corporate bonds its direct link to the Russian central securities depository, the National Settlement Depository (NSD).
In addition, Clearstream will work with its international central securities depository (ICSD) counterpart to ensure an effective linkage – known as the Bridge – between the two ICSDs.
The Bridge enables customers to easily settle transactions between accounts at the two ICSDs and will thus help increase liquidity flow in the Russian market.
The introduction of settlement for corporate Russian bonds, coupled with a firm commitment to establish the Bridge between the ICSDs in the
In Q4 2013 the alternative UCITS sector grew by 21 per cent compared to Q4 2012, showing continued demand and investment in alternative strategies, according to the Alceda Quarterly UCITS Review.
Strong equity markets, rallying into the year end, supported the demand for alternative UCITS strategies and drove the Q4 performance up 2.7 per cent, bringing year to date gains to six per cent.
Tracking the Absolute Hedge Alternative UCITS Index, which encompasses 468 funds, assets under management (AUM) reached a total of EUR159.4bn, an increase in AUM of 3.2 per cent on the previous quarter.
As equity
Singapore Exchange (SGX) is celebrating the 20th anniversary of its global benchmark SICOM Rubber Futures this year, on the back of multiple records achieved in 2013.
From production to trading, rubber had its roots firmly planted within Singapore from the early half of the 1900s.
In 1994, the Singapore Commodity Exchange (SICOM) was formed to assume the role of the Rubber Association of Singapore, which was the price discovery centre for the natural rubber trade.
In these two decades, the SICOM Rubber Futures contracts served the trading and hedging needs of physical market participants.
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