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Global investors have been somewhat sceptical about the touted structural reforms in Japan and the ability of Abenomics to achieve its aims, says John Vail (pictured), chief global strategist at Nikko Asset Management…
At Nikko AM, we have been confident that this time it is indeed different for Japan and have commented widely on the topic. Now, with the result of the Japanese election providing prime minister Shinzo Abe with additional firepower to deliver on his goals, we believe Japan’s economy and the Japanese stock market will be major beneficiaries.
The outcome of Japan’s election (July 21, 2013), which has
Gottex Fund Management’s flagship fund of hedge funds products continue to perform well and have posted positive returns 2013 year to date.
Asian strategies have seen exceptional performance, up 7.9 per cent, with alternative credit strategies up 4.2 per cent and portable alpha US equity strategies up 16.2 per cent year to date.
Total fee-earning assets for the group decreased by 6.5 per cent to USD5.941bn compared to USD6.36bn at 31 March 2013, as a result of net outflows and foreign exchange impact.
After the more challenging global performance environment towards the end of Q2, Gottex’s second
Eight new members have joined EDHEC-Risk Institute’s international advisory board, which brings together scholars, representatives of regulatory bodies as well as senior executives from business partners and other leading institutions.
The role of the international advisory board is to validate the relevance and goals of the research programme proposals presented by the institute’s management and to evaluate research outcomes with respect to their potential impact on industry practices.
The 47 members of the board also advise on the objectives and contents of projects deriving from the expertise of the institute, thereby ensuring that graduate and executive programmes remain
The Alternative Investment Fund Management Directive (AIFMD) rules affect fund remuneration practices, marketing guidelines, documentation and reporting, and the requirement for alternative investment fund managers to appoint a depositary.
Citi’s Depositary Services is ready to assist fund managers in their compliance with the new responsibilities demanded under the AIFMD.
Citi’s European Depositary coupled with the industry’s largest proprietary sub-custody network, enables practical controls to be deployed, end to end, across the investment chain. Citi’s depositary service apply the most stringent controls with minimal impact on the investment management process, thereby delivering value through minimising the costs and operational
Quam Securities, the brokerage arm of Hong Kong-based financial services group Quam Limited, has registered with the Hong Kong telecommunications hub of Chicago Mercantile Exchange enabling it to access the CME Globex trading platform.
Launched in October 2012, CME Group’s Hong Kong hub offers clients high-speed and direct point-to-point network access to the CME Globex trading platform that is the first – and remains among the fastest – global electronic trading systems for futures and options.
Kenneth Lam, the chief executive officer of Quam, says: “With the telecommunications hub in Hong Kong, Quam Securities will have improved access
The international derivatives market Eurex Exchange will launch options on futures that are based on notional long-term bonds issued by the French Republic (Obligations Assimilables du Trésor – OAT) on 10 September.
They will have a notional coupon of six per cent and a remaining maturity of 8.5 to 10.5 years.
The minimum price change (tick size) is measured in points and, as with the Bund options, equals 0.01, corresponding to a tick value of EUR10. Trading hours are from 8 a.m. to 5.15 pm CET.
With increased trading volumes in futures contracts on notional long-term bonds
Research by BNY Mellon points to significant uncertainty about the requirements of the Alternative Investment Fund Managers Directive (AIFMD), despite Monday’s first deadline for authorisation.
BNY Mellon surveyed 70 respondents from Europe, Asia, the US and Latin America from companies with an accumulated total of over USDD5trn assets under management.
Half the survey respondents believe that uncertainty remains within their organisation, while a third reveal a fear of not complying on time and of negative financial implications.
Fifty per cent believe that their organisation will be disadvantaged in some way by AIFMD over the medium term. Only 18
By the end of Q1 2013 total assets in the alternative UCITS space advanced by 29 per cent year-on-year to EUR155billion. But this is still a small share of total UCITS AuM of around EUR6.6trillion.
With performance picking up, even as regulation tightens, the experts believe there is plenty of room for growth given that institutional interest is now starting to grow.
This Hedgeweek Special Report was prepared with support and expert contributions from:
– Man
– Lyxor Asset Management
– Sparkasse Bank Malta plc
– ACOLIN Fund Services
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BNP Paribas is now ready for the transition of its asset manager and asset owner clients to meet the requirements of the Alternative Investment Fund Management Directive (AIFMD), which came into effect on 22 July.
Philippe Ricard, global head of AFS products, says: “BNP Paribas Securities Services has significantly invested to ramp up our solutions, and today, we provide the largest depositary network in Europe, having already implemented AIFMD compliant processes across all jurisdictions.
“We are fully set up to support our early mover clients and congratulate those pioneering AIFMs who have already successfully navigated their way to
Six of Newedge’s 11 hedge fund indices reflected positive performances during the first half of 2013.
The Newedge CTA Index closed the first six months of 2013 up 1.03 per cent, despite a decline of 1.5 per cent in June.
The Newedge Trend Index rose 0.76 per cent year-to-date as of 30 June, whilst being down 2.87 per cent for the month.
The Newedge Short-Term Traders Index increased 3.75 per cent in the first half of 2013, but decreased 1.18 per cent in June.
The best performing index through 30 June is the Newedge Commodity Trading
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