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CBOE Holdings has sets its trading schedule for Chicago Board Options Exchange (CBOE), C2 Options Exchange (C2), CBOE Stock Exchange (CBSX) and CBOE Futures Exchange (CFE) regular trading hours and VX futures extended trading hours in observance of the Thanksgiving holiday.
Wednesday, 27 November
CBOE: Regular trading hours for all products
C2: Regular trading hours for all products
CBSX: Regular trading hours for all products
CFE: Normal trading schedule – 3:30 pm to 4:15 pm CT – VIX futures & VIX TAS (Trade At Settlement) (for business day Friday 29 November)
Thursday, 28 November
CBOE: Closed
C2: Closed
CBSX:
Managed futures gained 0.65 per cent in October, according to the Barclay CTA Index compiled by BarclayHedge.
Year to date, the index remains down 2.52 per cent.
“A partial US government shutdown and another debt ceiling debate were able to temporarily stall, but not derail ongoing rallies in global equities and fixed income,” says Sol Waksman, founder and president of BarclayHedge.
Seven of the eight Barclay CTA indices had positive returns in October. The Systematic Traders Index was up 0.75 per cent, Diversified Traders gained 0.65 per cent, Financial & Metals Traders were up 0.51 per cent, Agricultural
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With the second phase of the CFTC’s implementation of Title VII of Dodd-Frank now past, we examine how investors can use Treasury note futures contracts in place of OTC Interest Rate Swap positions to achieve similar interest rate risk exposure with greater efficiencies.
Download our latest strategy paper on how to make these benchmark contracts work for you.
INDOS Financial, the only independent AIFMD depositary that has applied to the FCA for authorisation, has agreed provisional contracts with its first clients.
On the basis of its formal FCA authorisation now anticipated to take effect in early December, INDOS has already submitted proposals to over 40 alternative investment managers representing some 70 funds with in excess of USD15bn of assets. A number of these proposals are starting to bear fruit.
“Managers are now focussed on AIFMD,” says Bill Prew (pictured), INDOS Financial chief executive. “The FCA’s 22nd January deadline for applications, now only two months’ ahead, is concentrating
Sadrian Bowman, a discretionary commodities hedge fund investing across energy, metals and agriculture markets, has selected TFG Complete for real time risk, portfolio and cash management services.
Sadrian Bowman is founded by Luke Sadrian, Andrew Bowman and Stuart Atkinson who bring extensive experience gained from Brevan Howard, GLG and most recently Moore Capital. The fund required a robust, institutional grade platform to support its risk management processes and parameters.
Atkinson says: “Our requirement was for a real-time risk and PnL platform which could support the assets we trade across the energy, metals and agriculture markets. Having looked at a
Nine of the 11 Newedge Hedge Fund Indices saw gains in October, including the Newedge CTA, Trend, and Short-Term indices.
Trend-following strategies, as represented by the Newedge Trend Index, faired particularly well, finishing the month up 2.55 per cent.
In the Newedge CTA Index, seven of the month’s top 10 performers employ trend-following strategies.
The top YTD performer of 2013 through October remains the Newedge Commodity Trading Index (Equity), which has returned 17.72 per cent over the 10-month period.
The Newedge CTA Index, which is equally weighted, calculates the daily rate of return for a pool of
The island of Malta is establishing a solid reputation, particularly for small and emerging alternative asset managers, as an attractive location to establish their investment fund(s).
Currently, the number of funds domiciled in the island is 578 according to Malta’s main promoter, FinanceMalta. The majority of these funds – 460 to be precise – are Professional Investor Funds (PIFs). At 64, the number of UCITS funds is negligible but this is not a market in which Malta is trying to carve itself a niche given the EUR2.4trillion or so of UCITS assets under management in Luxembourg.
Alongside the PIF
By Shauna Clapham – An idyllic pace of life, stunning scenery, pleasant climate, low crime and low tax rates and all only 40 minutes from London Gatwick.
Guernsey is a small Island of approximately 25 square miles, 20 miles north of the French coast and 80 miles to the south of England.
It offers a lifestyle and environment that combines the best of British with a delightfully French accent and is easy to get to from the UK mainland, with regular daily flights from several major UK airports, including Gatwick, and Manchester and services by sea to Poole, Portsmouth,
By Fiona Le Poidevin – The next 12 to 18 months will be crucial in determining the implementation of the Alternative Investment Fund Managers Directive (AIFMD) and therefore, the implications for investment houses. That said, already, research has indicated that a significant number of investment houses are considering taking steps to put themselves beyond the potentially onerous requirements of AIFMD by establishing their funds in non-EU jurisdictions, such as Guernsey.
However, this can only be achieved if there is sufficient substance in the jurisdiction to demonstrate that not just the fund but also the manager can be genuinely considered to
The British Virgin Islands (BVI) remains one of the most popular offshore fund jurisdictions for hedge fund managers. In terms of ‘brand identity’ a BVI-licensed fund is recognised by global investors as a well-established, reputable fund vehicle.
“The BVI fund product has been around for a long time, there are lots of BVI funds in the global market, investors are familiar with them, it’s a proven fund product and conceptually people understand how it works. Consequently, it’s not an unusual choice of fund to establish when looking to attract investors and investors are very comfortable investing into BVI funds,” says Simon
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