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Morningstar is to make eVestment separate account and hedge fund data available to users of Morningstar Direct, the company's investment analysis platform for institutional investors.
eVestment's database of more than 22,000 separate accounts and 23,000 hedge funds will be available for an additional annual fee to Direct users in 2014.
"The eVestment data complements Morningstar's institutional data, and will provide Direct users with an even larger pool of separate accounts and hedge funds with significant depth and history of information," says Xiaohua Xia, senior vice president of institutional software at Morningstar. "We are pleased to be able to offer
Chicago Board Options Exchange (CBOE) has expanded the frequency for disseminating values on its recently created CBOE Short-term Volatility Index (VXST index).
VXST index values now are generally disseminated every 15 seconds during the trading day versus once a day previously, allowing traders to track intra-day volatility of the index.
Short-term VIX index values are available on CBOE's website at www.cboe.com/VXST and through quote data vendors.
CBOE began disseminating values on the Short-term VIX index on 1 October. Like CBOE's flagship CBOE Volatility Index (VIX index), the Short-term VIX index reflects investors' consensus view of expected stock market
Hedge funds gained 1.80 per cent in October, according to the Barclay Hedge Fund Index compiled by BarclayHedge.
The index is up 9.15 per cent year to date.
“Investors correctly anticipated that a deal would be worked out to resolve the partial US government shutdown and debt ceiling debate," says Sol Waksman, founder and president of BarclayHedge.
Fifteen of Barclay’s 18 hedge fund indices had gains in October. Equity Long Bias gained 2.58 per cent, European Equities were up 2.48 per cent, Emerging Markets gained 2.22 per cent, the Event Driven Index rose 2.11 per cent, and Distressed
Volante Technologies has launched its SWIFT Funds Migration Accelerator, which is designed to increase firms’ readiness to support ISO 20022 funds message types.
In November 2015, SWIFT will remove the ISO 15022 funds message templates from SWIFTNet.
The 2015 end-migration date, mandated by SWIFT is supplemented by a programme of financial disincentives currently being incurred by firms who continue to use ISO 15022.
For non-ISO 20022-compliant firms, penalties and increased message costs are only set to continue to impact margins.
The SWIFT Funds Migration Accelerator is an off-the-shelf product which includes pre-defined structures of the SWIFT MT
The US Commodity Futures Trading Commission (CFTC) has obtained a federal court consent Order against MF Global requiring it to pay USD1.212 billion to cover customer losses sustained when the company failed in 2011.
The consent Order, entered on 8 November, 2013 by US District Court Judge Victor Marrero of the US District Court for the Southern District of New York, also imposes a USD100 million civil monetary penalty on MF Global, to be paid after MF Global has fully paid customers and certain other creditors entitled to priority under bankruptcy law. The Trustee for MF Global obtained permission from the
BGC Partners, a brokerage company servicing the wholesale financial and real estate markets, has launched a European power desk.
Based in London, BGC's European power desk will focus on brokering power products in the French, German and Polish markets.
The launch highlights BGC's growing energy practice, which includes its oil options, softs and base metal teams in London, BGC Radix Energy in Asia, as well as its US energy derivatives desk, environmental energy commodities desk, and Houston-based electricity, natural gas and environmental group.
"BGC has steadily increased its focus on energy, a sector we believe offers plenty of
Neptune Investment Management has appointed James Cripps, who recently retired as a partner in Slaughter and May, to its board of directors.
At Slaughter and May, where he was a partner for over 24 years, Cripps specialised in asset management, advising on the establishment, structuring, purchase and sale of asset management businesses, the launch, regulation and governance of investment, hedge and mutual funds and other types of collective investment vehicles as well as issues concerning investment products, regulation and safe custody.
Robin Geffen, fund manager and chief executive of Neptune, says: "We are delighted that James has agreed to
Asset management institutions in Japan are shifting to electronic trading, with 50 per cent using electronic trading and more than 75 per cent of those firms having increased their use since 2010, according to a survey by Nomura Research Institute (NRI).
As electronic trading continues to build momentum in the region, institutions are communicating less with their broker-dealers. According to the survey, nearly 50 per cent of respondents confirmed communication with the broker-dealer community is decreasing.
“As the survey demonstrates, Japanese asset management institutions are shifting to electronic trading and it is gaining momentum in the region. At the
The Credit Suisse Hedge Fund Index finished up 1.59 per cent for the month of October with all but one of the ten sub strategies ending the month in positive territory.
Managed futures (2.96 per cent), long/short equity (2.54 per cent and emerging markets (2.01 per cent) led the way while dedicated short bias (-1.65 per cent) was the only sub strategy to record a negative return.
The following funds were dropped from the Credit Suisse Hedge Fund Index in October: AT MLP Fund, BlackRock Agriculture Fund, Bristol Fund Ltd., Gramercy Emerging Markets Fund, and Gruber & McBaine International.
The division of swap dealer and intermediary oversight (DSIO) of the Commodity Futures Trading Commission (CFTC) has issued an advisory on the applicability of transaction-level requirements in certain cross-border situations.
The DSIO was responding to an inquiry from swap market participants and other interested parties on the applicability of Dodd-Frank Transaction-Level Requirements to swaps between non-US swap dealers (SDs) (whether an affiliate or not of a US person) and non-US persons if the swap is arranged, negotiated, or executed by personnel or agents of the non-US SD located in the US.
DSIO is issuing a staff advisory to help
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