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The International Organisation of Securities Commissions has published a Report on the Second IOSCO Hedge Fund Survey, looking at efforts by regulators to better understand the hedge fund industry.
The aim of the IOSCO survey is to gather data from hedge fund managers and advisers about the markets in which they operate, their trading activities, leverage, funding and counterparty information. It forms part of IOSCO’s efforts to support the G20 initiative to mitigate risk associated with hedge fund trading and traditional opacity.
The report explains the results of the second IOSCO survey and provides an overview of the hedge
Credit funds face growing risk of investor redemption, amid uncertainty over the Federal Reserve's plan for tapering and disappointing returns as credit performance drivers see their role diminish, according to Fitch.
A new report also finds that repricing risk, which is linked to redemption, is also rising for credit funds.
Less than 10 per cent of credit fund flows since end-2008 have been reversed since June 2013, when financial markets were sold off globally. Redemption risk is particularly acute for large high yield (HY) retail funds, which provide daily liquidity and, in certain cases, own a substantial portion of
Deltix, a provider of software for the development of advanced quantitative strategies, has integrated its quantitative analytics and trading technology with Object Trading’s global DMA platform for equity, derivative and FX markets.
The demand for an integrated solution comes as firms must apply quantitative analysis to rapidly research trading strategies and easily deploy them across asset classes and geographies in order to compete.
The joint offering enables Deltix users to develop, test and implement trading strategies across more than 55 global markets using FrontRunner, Object Trading’s global DMA platform. FrontRunner is trading screen and venue agnostic, providing market data,
Edward S Nadel is joining Lowenstein Sandler’s investment management group as senior counsel.
Nadel was previously general counsel and chief compliance officer at Star Mountain Capital and, prior to that, was the director of alternative investments at Credit Suisse.
At Lowenstein Sandler, he will counsel clients on fund formation and structuring, fund transactions, and regulatory and compliance matters.
At Credit Suisse, Nadel was responsible for the structuring and development of private equity funds, hedge funds, mutual funds, joint ventures, funds of funds and employee plans. He played a key role in structuring the spin-offs of GSO Capital Partners and
Alcova Asset Management has selected Northern Trust Hedge Fund Services to provide a full range of administrative and middle-office outsourcing services to its quantitatively driven, equity market-neutral fund.
The mandate from the UK-headquartered quantitative hedge fund manager is the latest announced by Northern Trust Hedge Fund Services.
"We were looking for a partner who had made an industry leading investment in technology and built an integral middle-office service from day one," says Russell Hart, chief operating officer and partner at Alcova Asset Management. "Northern Trust, through its global scale and experience in providing specialist hedge fund administration, demonstrated an
The National Futures Association (NFA) has ordered AlphaMetrix LLC to satisfy its obligations to certain pool participants by 1 November.
AlphaMetrix had deducted advisory fees for certain participants in commodity pools operated by the firm. Those fees were to be reinvested in the pools but were not. The total amount owed to participants is approximately USD600,000, while AlphaMetrix has approximately USD700 million under management.
According to the NFA's order, if AlphaMetrix fails to satisfy its obligations by 1 November, the firm would be prohibited from placing trades for any of its pools except for trades liquidating open positions. Any disbursement
Schroders has launched the Schroder GAIA Cat Bond on its UCITS platform.
GAIA (Global Alternative Investor Access) is a regulated platform for UCITS funds designed to give investors easier access to hedge funds.
The new fund invests globally in catastrophe (cat) bonds (minimum 80 per cent) and other tradable insurance-linked securities (ILS). The fund’s exposure will be primarily in regions with a high concentration of insured wealth such as the US, Western Europe and Japan.
The fund will be managed by Daniel Ineichen, who has been manager of the NGAR Secquaero ILS Fund since inception in May 2011;
Hedge funds avoiding the new Alternative Investment Fund Management Directive (AIFMD) framework due to concerns over increased compliance costs are delaying the inevitable, says Helvetic Fund Administration.
According to Nicola Smith, chief executive of the Gibraltar-based hedge fund administrator, hedge funds should work with service providers in order to meet the regulatory requirements of the framework.
The European Securities and Markets Authority (ESMA) have now published the final guidelines on the reporting requirements for the AIFMD, which it hopes will clarify what information must be provided under the regime. Despite this, reports have emerged that only a small number of fund managers in the UK have signed up to
Mendon Capital Advisors Corp, is Hedgeweek’s “Best Long/Short Manager” award winner for 2012.
President and Chief Investment Officer Anton Schutz (pictured), through the primary investment vehicle, Moors & Mendon Master Fund LP, has returned +23.73% YTD and +14.65% annualized from inception in 1996. The Fund invests in US based financial service companies with a specific focus on mid and small cap community banks.
The fundamental premise of the strategy is the inevitability of consolidation of US banks. Several factors are fueling the push to consolidate. Among them are increased regulatory burdens and capital requirements, sluggish organic loan growth
Singapore Exchange (SGX) and the Shanghai Futures Exchange are cooperating in the development of the commodity derivatives markets in both China and Singapore.
The two exchanges signed a memorandum of understanding on the cooperation in Shanghai, China, on 19 October 2013. They will jointly explore areas of cooperation including the development of derivatives for energy, metals, chemicals and commodity indexes. The MOU also covers exchange of ideas and information sharing.
“This cooperation with Singapore Exchange will help the internationalisation of China’s futures market and Shanghai Futures Exchange. It will increase market efficiency, and promote the development of the derivatives
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