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All six of the investable Market Vectors Hedge Fund Beta Indices recorded positive performance in July.
Each index is constructed using transparent, liquid exchange-traded funds to produce hedge fund-style returns without hedge fund pricing, opaqueness and redemption restrictions.
The MV North America L/S Equity Hedge Fund Beta Index was the top performer with a return of 3.01 per cent followed by the MV Global L/S Equity Hedge Fund Beta Index (2.32 per cent), MV Western Europe L/S Equity Hedge Fund Beta Index (1.91 per cent), MV Emerging Markets L/S Equity Hedge Fund Beta Index (1.52 per cent) and
Hedgebay has published the results of a survey conducted amongst its high profile hedge fund, institutional and banking clients designed to pinpoint potential improvements that could be made in secondary market trading.
More than 150 firms from across Hedgebay’s user base took part in the survey, including hedge funds, funds of funds, pension funds, insurance companies, family offices and banks. Questions were asked to determine how far the secondary market for hedge funds has come, and whether any improvements need to be made.
Trading in hedge fund secondaries has seen its popularity skyrocket since the financial crisis, as
Eze Software Group has set multiple sales records and experienced strong global growth in the first half of 2013.
The group added a record 50 new Eze OMS clients and 25 new Tradar PMS clients across all regions in the first half of the year. It also closed out the first half of 2013 with one of the strongest months ever recorded for the RealTick EMS, following two quarters of steady growth in the number of institutional connections.
"It has been an exciting year for Eze Software Group, and we continue to experience tremendous success across the business
LexisNexis has boosted its asset manager and wealth management intelligence offering through an extended content agreement with market leader Global Fund Media (GFM).
GFM is the largest online news publisher serving institutional investors and wealth managers with daily news and information on all mainstream and alternative asset classes covering: institutional investors/pension funds and their managed funds/investment managers; hedge funds and institutional investors; property funds and institutional investors; private equity funds and institutional investors; exchange-traded funds and institutional investors; private client/wealth managers, family offices, trustees and their investment advisors; and fund performance and comparison tables for institutional funds.
Oliver
July 2013 trading volume for futures on the CBOE Volatility Index (VIX) increased 53 per cent over July 2012, while year-to-date volume through the end of July has nearly surpassed the total volume for all of 2012.
July trading volume in VIX futures totalled 2,921,386 contracts, an increase of 53 per cent over July’s total in 2012 and a decrease of 31 per cent from the all-time monthly record sent in June.
Average daily volume in VIX futures during July was 132,790 contracts, an increase of 46 per cent over July 2012 and a decrease of 37 per
The international derivatives markets of Eurex Group recorded an average daily volume of 6.8 million contracts in July, down from 8.1 million in July 2012.
Of those, 4.6 million were Eurex Exchange contracts (July 2012: 5.7 million), and 2.2 million contracts (July 2012: 2.3 million) were traded at the US-based International Securities Exchange (ISE). In total, 106.9 million contracts were traded at Eurex Exchange and 48.7 million at ISE.
At Eurex Exchange, the equity index derivatives segment totalled 44.8 million contracts (July 2012: 63.1 million). The decrease is mainly driven by the continuous low volatility of the European
Deutsche Börse has connected the first participant from Hong Kong to its Xetra trading system – Celestial Securities, a subsidiary of the Hong Kong-listed financial conglomerate CASH Financial Services Group.
The Xetra network includes more than 240 trading participants with around 4,500 traders in 18 countries.
This is the first time that a trading participant from East Asia has been directly connected to Xetra.
Celestial Securities now receives direct access to secure and supervised exchange trading in Germany.
Due to the time difference between Hong Kong and Frankfurt, participants take part in Xetra trading from 2.00 pm
Cognios Capita has expanded the availability of its Market Neutral Large Cap Fund to include Charles Schwab, Fidelity and Pershing.
Introduced earlier this year, Cognios Capital’s mutual fund is distributed by ALPS Distributors.
“Retail investors are showing a growing interest in alternative investment strategies in order to improve the overall risk-adjusted performance of their portfolios,” says Jim Stowers III, advisory board member at Cognios Capital. “We believe Cognios’ propriety market-neutral strategy provides real value to our investors.”
"Access to our fund on these three prominent platforms gives advisors an easier way to include an alternative, uncorrelated strategy in
Singapore Exchange (SGX) has launched long dated order types, allowing investors to retain buy or sell orders for longer than the usual one day.
With long dated orders, investors can specify the number of days they want their orders to stay active.
Orders can be kept active for a maximum 30 days unless they are completed or cancelled. This compares with the usual practice of un-executed orders automatically expiring at the end of the trading day.
Jenny Chiam, head of securities at SGX, says: “We are pleased to be able to offer long-dated orders at the exchange
CedarKnight, an independently owned boutique asset management group, has been launched by Gilly Uppal and Kenyon Abel.
The firm’s mainstay will be high value niche investment strategies, historically deployed by proprietary structuring desks at leading banks.
With strong and varied backgrounds implementing investment banking solutions, structured finance transactions and hedge fund strategies, Uppal and Abel will manage funds, via the CedarKnight platform, for select institutional and family office investors from their head office in the heart of Mayfair, London.
Both founders considered that many fund managers they came across during their formative years were heavily reliant on
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