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Axioma has entered the multi-asset class risk space with the introduction of Axioma Risk, a next-generation risk-management platform for risk officers, portfolio managers, asset owners and consultants.
Sebastian Ceria, PhD, Axioma’s founder and Chief Executive Officer, says: “This is a watershed initiative for Axioma. We built this company on a foundation of innovation and superior customer service. We leveraged these attributes to create and deliver portfolio-construction tools and risk models that set new industry standards for performance and flexibility in the equities space. We are now leveraging those same attributes to support Axioma’s ambitious expansion into the multi-asset class risk
Hedge funds posted gains through mid-month with the HFRX Global Hedge Fund Index posting a gain of 0.50 per cent, including a gain of 0.39 per cent on 10 October, the largest one-day gain in almost 2 years, while the HFRX Market Directional Index rose 1.07 per cent.
HFRX Equity Hedge Index posted a gain of 0.97 per cent through mid-October, 2013, with gains across Growth, Value and Market Neutral exposures. HFRX Fundamental Value Index rose 1.01 per cent with gains concentrated in European and US large-cap equity, the Index posted a one day gain of 0.85 per cent on 10 October,
Custom House Global Fund Services has launched Custom House Gateway, a web portal that connects fund servicing with solutions across the middle and back office, designed for US alternative investment managers.
“The US hedge fund industry is growing fast globally, adding USD150 billion in assets under management in 2013. At the same time, fund managers face unprecedented pressure on costs from regulatory compliance, comprehensive due diligence, and other operational expenses. We have made the strategic decision to expand our operations in the US and Custom House Gateway is a new offering devised for US asset managers of all sizes, but
Nikko Asset Management (Nikko AM) has acquired the Asia-Pacific investment manager Treasury Asia Asset Management Limited (TAAM).
TAAM’s Singapore and Sydney-based team of eight highly experienced and successful investment professionals significantly enhances Nikko AM’s ability to provide institutional-quality Asian equity products to its clients and prospects in markets worldwide.
“We couldn’t be more pleased to welcome Peter Sartori and his team to our company,” says Takumi Shibata, Executive Chairman of Tokyo-based Nikko Asset Management.
“This acquisition brings us sophisticated Asian equity strategies, which are gaining well-deserved traction among investors around the world,” says Charles Beazley, President and CEO of Nikko
The US Commodity Futures Trading Commission (CFTC) has issued an Order against JPMorgan Chase Bank bringing and settling charges for employing a manipulative device in the trading of credit default swaps (CDS).
The CDS trading was in violation of the new Dodd-Frank prohibition against manipulative conduct.
As set forth in the CFTC’s Order, by selling a staggering volume of these swaps in a concentrated period, the Bank, acting through its traders, recklessly disregarded the fundamental precept on which market participants rely, that prices are established based on legitimate forces of supply and demand. As a result, after a thorough 17-month
Schroders Chief Economist, Keith Wade (pictured), comments on the US Congress decision to approve federal spending and lift the debt ceiling after 16 days of government shutdown, and the impact that this could have on markets…
After 16 days of government shutdown, Congress has approved a bill to fund federal spending and lift the debt ceiling. The measures agreed will keep federal government running until 15th January and lift the debt ceiling until 7th February. There are also instructions for budget negotiations to conclude by 13th December. The risk of default by the "greatest” nation (borrower) on earth has been
Multi-manger hedge fund advisory firm Evanston Capital Management (ECM) has successfully migrated its core servers and applications to the Gravitas Private Cloud.
Gravitas’Private Cloud is a secure, scalable and integrated solution built on VCE’s Vblock state-of-the-art virtualization and cloud technology.
ECM faced an impending upgrade and replacement of its in-house data center, which would necessitate significant capital expenditure. Leveraging a longstanding relationship with Gravitas, ECM explored alternatives to the traditional capex methodology, deciding instead to embrace “computing as a service” and migrate to the cloud. The project centred on relocating ECM’s computing infrastructure to Gravitas-linked datacenters in Chicago and New
3i Debt Management’s Andrew Bellis has joined the list of confirmed speakers at the Debt Forum event in London on 13 November.
Bellis is a Managing Director and Partner of 3i Debt Management, responsible for the strategic growth of the business. Before joining 3iDM in July 2012, he ran the global CLO new issue business at Credit Suisse. Prior to that Bellis held a number of roles at Bank of America Merrill Lynch from 2003, including running the European CLO and alternative fund structuring group and the illiquid structured credit trading business in Europe.
In total Bellis has 15 years
Managed futures lost 0.54% in September according to the Barclay CTA Index compiled by BarclayHedge. The Index is down 3.13% after three quarters in 2013.
“While the US Fed’s surprise decision not to begin ‘tapering’ boosted prices in most major asset classes, the one exception was commodity prices, which declined 2.6 percent based on the DJ UBS Commodity Index,” says Sol Waksman, founder and president of BarclayHedge.
Six of Barclay’s eight CTA indices had negative returns in September. The Diversified Traders Index lost 0.94%, Systematic Traders were down 0.53%, Currency Traders gave up 0.19%, and Discretionary Traders slipped 0.14%.
“The
The number of non-performing real estate loans that will come to the German market in the near future, is expected to be substantially lower than last year.
The trend of parameters such as gearing ratio, debt maturities, and financing volumes suggest that banks do currently prefer to extend their loans than to dispose of them. At the same time, fewer banks are expanding their new business in the German market.
This is the main outcome of the “Survey on the State of Real Estate Financing and on the Distressed Real Estate Debt Situation in Germany” conducted by the research centre
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