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The Credit Suisse Liquid Alternative Beta Index was up 0.48 per cent in December, according to Dr Jordan Drachman, head of alternative beta strategies at Credit Suisse.
The index was up 7.35 per cent for the year in 2013.
The Managed Futures strategy was the strongest performer for the month, finishing up 1.01 per cent in December.
The Event Driven strategy was the strongest performing strategy in 2013, returning 10.88 per cent.
JP Morgan Asset Management is believed to be preparing to liquidate its JPM Highbridge Diversified Commodities fund as a result of declining assets under management reported Citywire Global this week.
The alternative UCITS fund is due to close on 7th February according to a letter sent out to shareholders. Highbridge Capital, who manage the Luxembourg-domiciled fund, is a hedge fund owned by the US investment bank. Mark Nodelman and Sassan Alizade are lead managers of the fund.
The letter, which was sent on 23rd December, reportedly said: “We have recently been considering the future of this sub-fund in light
The international derivatives markets of Eurex Group ended 2013 with a turnover of approximately 2.2 billion contracts, down from 2.3 billion contracts in 2012.
The total volume for 2013 splits into 1.6 billion contracts traded at Eurex Exchange (2012: 1.7 billion) and 639 million contracts traded at the International Securities Exchange (ISE) (2012: 632 million).
This corresponds to a daily average trading volume of 8.6 million contracts, thereof 6.1 million contracts at Eurex Exchange and 2.5 million contracts at ISE.
At Eurex Exchange, the equity index derivatives segment was the largest in 2013 with a total yearly volume
The Federal Energy Regulatory Commission (FERC) and the Commodity Futures Trading Commission (CFTC) have signed two memoranda of understanding (MOU) to address circumstances of overlapping jurisdiction and to share information in connection with market surveillance and investigations into potential market manipulation, fraud or abuse.
The MOUs allow the agencies to promote effective and efficient regulation to protect energy market competitors and consumers.
The jurisdiction MOU sets out a process under which the agencies will notify each other of activities that may involve overlapping jurisdiction and coordinate to address the agencies’ regulatory concerns. The new information sharing MOU establishes procedures
Annual trading for total exchange-wide activity and for futures on the CBOE Volatility Index (VIX Index) reached new all-time highs in 2013, with several other trading records set during the year.
For a fourth consecutive year, exchange-wide trading volume at CFE set a new annual record.
The 40.2 million contracts traded in 2013 was an increase of 68 per cent from the 23.9 million contracts traded in 2012.
Average daily volume (ADV) at CFE also reached a new high for a fourth straight year in 2013. The 159,498 contracts per day was 67 per cent above the ADV
By Simon Schilder (Partner) and Oliver Bell (Associate), Ogier BVI – While use of the BVI funds regime (as contained within the Securities and Investment Business Act, 2010 (SIBA)) has, historically, been the preserve of established investment managers operating in the hedge fund arena, the flexibility and cost-effectiveness of BVI private funds can provide start-up investment managers with the opportunity to cost effectively develop marketable track records within the confines of a formal fund structure.
BVI private funds also give family offices and high-net-worth individuals (HNWs) the opportunity to take advantage of domestic estate planning services.
The changing investment landscape
The UK economy heads into 2014 on a fair wind amid increasing evidence that wages are finally catching up with inflation and companies are becoming more willing to invest in their businesses, says Steve Davies, co-manager of the Jupiter UK Growth Fund and manager of the Jupiter Undervalued Assets Fund…
No matter that the UK economy grew at its fastest pace in three years in the third quarter, sceptics of the recovery are only too happy to flag the ongoing squeeze in real wages and the lack of business investment as evidence that the revival in Britain’s fortunes could yet
Eurex Zürich is becoming a minority shareholder of the Taiwanese futures exchange TAIFEX.
Subject to regulatory approval by the Taiwanese authorities, Eurex will acquire a five per cent stake in TAIFEX from Yuanta Financial Holdings.
The agreed purchase price is USD47m.
The Yuanta Group will remain a shareholder in TAIFEX after the planned sale of the five per cent stake.
“With this acquisition we are strengthening our strategic partnership with TAIFEX. Jointly, we want to contribute to the internationalisation of the Taiwanese financial market. For us, this step is a further milestone in implementing Deutsche Börse Group’s
All six of the Market vectors Hedge Fund Beta Indices recorded positive returns in January, according to index provider MVIS.
The MV North America L/S Equity Hedge Fund Beta Index led with a return of 1.62 per cent for the month followed by the MV Global L/S Equity Hedge Fund Beta Index (1.28 per cent) and the MV Asia (Developed) L/S Equity Hedge Fund Beta Index (1.21 per cent).
The MV Emerging Markets L/S Equity Hedge Fund Beta Index recorded the lowest return for the month at 0.25 per cent while the MV Global Event L/S Equity Hedge Fund
Singapore Exchange (SGX)) has become the first Asian clearing house authorised as a derivatives clearing organisation (DCO) by US derivatives regulator the Commodity Futures Trading Commission (CFTC).
New and existing US customers will be able to clear their derivatives contracts efficiently through SGX’s derivatives clearing house in compliance with the latest US laws and regulations, including the US Dodd-Frank Act, the Commodity Exchange Act and CFTC’s regulations.
To allow for an orderly transition, SGX clearing members which are not registered with the CFTC as futures commission merchants (FCMs) can continue clearing swap contracts for US persons via SGX Derivatives
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