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Peter Higgins, Partner and Senior Portfolio Manager of the BlueBay High Income Loan fund, highlights why now is a good time to protect against rising rates, and outlines BlueBay’s views on how the loans asset class is set to perform in the current macro-economic environment…
Since the global financial crisis we have been in a period of unprecedented low interest rates. However, fixed income markets were poorly prepared for US Federal Reserve (Fed) Chairman, Ben Bernanke’s, late-May announcement that the Fed could start tapering quantitative easing. Yields on 10-year US Treasuries rose 115 basis points (bps) from May to August
The Luxembourg regulator, the CSSF, this week announced the authorization of the first Renminbi Qualified Foreign Institutional Investor (RQFII) fund under the UCITS scheme.
The UCITS can invest 100 per cent of its net assets in China A shares (shares in mainland China-based companies that are traded on a China stock exchange). In order to authorize such an RFQII UCITS the CSSF the following requirements apply:
The fund must be open-ended
The experience, qualification and competence of the fund manager
The application of appropriate risk management procedures
The correspondent bank of the depository and the segregation of assets at the
The hedge fund industry added assets for the third consecutive month in September, taking in a net USD4.1bn, or 0.2 per cent of assets, according to BarclayHedge and TrimTabs Investment Research.
This estimate is based on data from 3,340 funds.
“The hedge fund industry has received USD51.6bn in 2013, which is a huge turnaround from the outflow of USD2.6bn in the same period last year,” says Sol Waksman, president and founder of BarclayHedge. “Industry assets hit a five-year high of USD2.0trn in September.”
The TrimTabs/BarclayHedge Hedge Fund Flow Report noted that hedge fund assets are up 10.3 per
The Chicago Board Options Exchange (CBOE) and C2 Options Exchange are to list options on the stock of Twitter on 15 November.
The contract specifications and Designated Primary Market Makers (DPMs) for the options are as follows –
Contract specifications:
• Initial strike prices: Will range from 35 to 50, in one-point increments
• Position limit: 25,000 contracts
• Expiration cycle: March, with introductory expirations in December, January, March and June
Designated Primary Market Maker (DPM):
• CBOE Designated Primary Market Maker: Morgan Stanley will serve as electronic DPM
• CBOE Lead Market Maker: Group One
HedgeChatter has launched an online SaaS dashboard that allows investors, traders and hedge funds to see how key influencers on social media are affecting stock price and view price trends based on real-time social media data (chatter).
HedgeChatter processes nearly 1.8 million financial chatter messages every day from Twitter and other leading social channels. These messages are filtered for noise reduction, manipulation detection and price-to-message correlation, resulting in predictive alerts for stock direction.
HedgeChatter is different from other social analytics firms by correlating multiple social media financial metrics and displaying the information visually. Many of the platform's functionalities are
Kinetic Partners has launched its AIFMD Hedge Fund DD checklist, which is designed to assist managers undertake the necessary due diligence over their depositary providers.
Kinetic Partners, the global professional services firm, is working with a range of alternative investment fund managers in different domiciles to help them achieve AIFMD compliance.
The checklist has been developed from Kinetic Partner’s experience of real-life challenges faced by firms as they adapt and review their businesses in respect of AIFMD.
Andrew Shrimpton, global head of regulatory compliance at Kinetic Partners, says: “Many EU hedge fund managers will need to comply with
The gross return of the SS&C GlobeOp Hedge Fund Performance Index for October 2013 measured 1.06 per cent.
Hedge fund flows as measured by the SS&C GlobeOp Capital Movement Index advanced 0.16 per cent in November.
“Capital flows for the month were slightly positive, with subscription levels reaching a 10-month high,” says Bill Stone, chairman and chief executive officer, SS&C Technologies. 

The SS&C GlobeOp Hedge Fund Performance Index is an asset-weighted, independent monthly window on hedge fund performance.
The SS&C GlobeOp Capital Movement Index represents the monthly net of hedge fund subscriptions and redemptions administered by SS&C
CME Group has approved China Merchants Futures (HK) Co as a CME, CBOT, NYMEX and COMEX clearing member, effective 21 October 2013.
"We are pleased to welcome China Merchants Futures as our clearing member," says Kim Taylor, president, CME Clearing. "Having clearing member firms in Asia continuing to join, allows us to better address the needs of our increasing client base in the region. Essential for many of our regional customers is the local experience and presence that China Merchants brings with their membership, and which we continue to build on."
"With Greater China clients now gaining access to global
Hedge funds delivered healthy gains in October as global markets trended upwards during the month. The Eurekahedge Hedge Fund Index was up 1.40 per cent during the month, while global stock indices outperformed as the MSCI World Index gained 3.75 per cent in September.
Key highlights include:
Hedge funds raised USD100 billion through asset flows in 2013 as at end-October
Total assets in the hedge fund industry stand at USD1.91 trillion, set to cross the highest level on record by end-2013
Assets in Greater China focused funds reached USD12.9 billion, the highest level on record
Asia ex-Japan hedge funds have outperformed the
Over 400 alternative investment specialists attended Hedgeopolis in New York, the inaugural Hedge Fund Insights Conference presented by the Hedge Fund Association and Agecroft Partners.
Attendees gained relevant insights from decision makers from many of the most prominent institutional investors who shared their views on what hedge fund strategies offer the greatest potential to generate strong returns going forward given current valuations levels and economic forecasts, as well as the evolving regulatory environment and new hedge fund marketing opportunities resulting from the JOBS Act.
“The HFA’s members were very impressed by the quality of thought leadership at the inaugural
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