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The UCITS Alternative Index Global suffered its third month of losses in the last four months as fund managers running onshore versions of their hedge fund strategies failed to avoid the mar
- 11/12/2011
Investec Asset Management is planning to launch a UCITS-compliant global equity contrarian fund
- 11/12/2011
Simon Brazier (pictured), Threadneedle Investments’ Head of UK Equities, has commenced managing
- 11/12/2011
- 11/12/2011
The London Metal Exchange (LME) Steel Billet contract has grown substantially in 2011 with record volumes, new location and brand listings, and industry recognition at the American Metal Market’s (AMM) Awards for Steel Excellence.
LME Steel Billet traded 209,229 lots up to the end of November 2011, equivalent to 13.6 million tonnes or USD7.7 billion, which is an increase of 30.4% from the corresponding period last year. From launch to the end of November 2011 447,627 lots have traded, the equivalent of 29.1 million tonnes and USD15 billion.
LME Steel Billet listed six new brands in 2011 from the
- 09/12/2011
- 09/12/2011
The Hennessee Hedge Fund Index declined 0.96% in November (-3.91% YTD), while the S&P 500 decreased 0.51% (-0.85% YTD), the Dow Jones Industrial Average advanced 0.76% (+4.04% YTD), and the NASDAQ Composite Index fell 2.39% (-1.23% YTD).
The Barclays Aggregate Bond Index lost 0.09% (+6.69% YTD) as bonds were mixed. Treasuries increased with the S&P/BG Cantor 7-10 Year Treasury Bond Index climbing 0.70% (+13.52%), while the Barclays High Yield Credit Bond Index fell -2.74% (+1.66% YTD).
“One hedge fund manager referred to November as a game of ‘macro roulette’ with major equity indices fluctuating wildly on news concerning the European
- 09/12/2011
- 09/12/2011
The number of new hedge fund launches declined, while the number of liquidations rose in the volatile Q3 2011, as Macro considerations surrounding the European sovereign debt crisis continued to drive financial markets and the resolution of the crisis remained unclear. According to the Market Microstructure Industry Report released today by HFR (Hedge Fund Research, Inc), new hedge fund launches declined to 265 funds in 3Q11, a decline of 15 over the prior quarter but representing a modest increase over 3Q10.
Hedge fund liquidations rose to 213 funds, an increase of 22 over the prior quarter and 45 over 3Q10.
- 09/12/2011
Paladyne Systems, a Broadridge company has appointed William Kelly as global head of sales. His appointment is a strategic move to leverage the size, scale, and synergies that Broadridge brings to Paladyne through its recent acquisition.
"Paladyne is working to accelerate sales across the Americas, EMEA and Asia Pacific, and Bill brings the necessary experience to lead our business development efforts globally," says Sameer Shalaby (pictured), President, Paladyne Systems. "He will be instrumental in extending Paladyne’s unique solutions to new and existing clients across the buy-side industry."
Most recently Managing Director and Global Head of Sales at GlobeOp Financial Services,
- 09/12/2011
The Salus Alpha Event Driven had a performance of +1.51% for the month to date, outperforming the S&P 500 Index by +2.02%. The 24 month rolling alpha of Salus Alpha Event Driven to the S&P500 is 3% p.a., the 24 month rolling beta is currently 0.0. This implies that in the past 24 months, the fund had a return of 3% due to active management (alpha).
The Salus Alpha Real Estate had a performance of -1.11% for the month to date, outperforming the EPRA / NAREIT Index by +3.49%. Salus Alpha Real Estate is a single manager single strategy fund,
- 09/12/2011
Figures issued this week show that the value of investment fund business in Guernsey fell by GBP3.4 billion (1.2%) during the third quarter of 2011.
This decrease follows eight consecutive quarters of growth and takes the net asset value of funds under management and administration in the Island to GBP271.1 billion at the end of September 2011. However, this is still a rise of GBP27.9 billion (11.5%) compared to the end of September 2010.
Peter Niven, Chief Executive of Guernsey Finance – the promotional agency for the Island’s finance industry – says: “From the initial crisis point of 2008 we
- 09/12/2011
Swiss-based systematic trading firm, Da Vinci Invest AG, is preparing to launch a new Cayman fund based on a proprietary strategy it’s been running since 2009, Hedgeweek can exclusively reveal. Speaking with the firm’s co-founder and CEO, Hendrik Klein (pictured) last week, the new fund will be called the Da Vinci K Squared Tachyon Fund and will use a standard 2 and 20 fee structure.
The fund will officially launch 1 January 2012 and in what is believed to be a first for the industry will use algorithms to identify economic indicators taken from news feeds to initiate trades systematically.
- 09/12/2011
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