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Institutional investors intend to remain active in hedge funds, with 88 per cent indicating that they plan to make additional allocations during the second half of this year, according to Credit Suisse’s mid-year Hedge Fund Investor Survey.
This indicates that the industry may see continued significant levels of allocation activity in the second half of 2013.
In addition, respondents were asked to share their insights into whether they are planning to allocate, maintain or decrease allocations to various hedge fund strategies in the second half of this year. The top three strategies by net demand (percentage increasing allocation
EDHEC-Risk Institute–Asia is creating a scholarship scheme aimed at facilitating the participation of outstanding professionals in the executive track of its doctoral programme in Singapore.
Ahead of the launch of the ASEAN Economic Community and in the wider context of Asia-Pacific integration, EDHEC-Risk Institute has unveiled a new initiative to accelerate the build-up of a regional pool of finance experts and leaders.
Part of 100-year old EDHEC Business School, the finance research institute is creating a new scholarship programme to facilitate the participation of Asia-Pacific practitioners in the executive track of its PhD in Finance programme.
“Since it
Uneven progress is being made in implementing the Alternative Investment Fund Managers Directive (AIFMD) across the European Union, according to a joint study by hedge fund industry association the Alternative Investment Management Association (AIMA) and EY, the multinational professional services firm.
The AIMA/EY study found that although a majority of EU member states have either already transposed the AIFMD into law within the transposition deadline of 22 July 2013, or have drafted the final legislation and are awaiting parliamentary approval, only 12 have completed full legislative transposition.
At least five member states are known to have made little
Torstone Technology has released a new Inferno module that consolidates OTC derivative trades from multiple front office systems and feeds them into Global Trade Repositories (GTRs) such as DTCC, automatically.
The aim is to help financial institutions comply more easily and accurately with the transparency and reduced risk goals of new global regulatory reporting requirements for OTC derivatives evolving from the European Market Infrastructure Regulation (EMIR) and US Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank).
Torstone has developed the technology based around the open industry standard FpML messages for OTC products. Trades can be fed either
Yahoo! is to repurchase 40 million shares of Yahoo! common stock beneficially owned by hedge fund Third Point at a purchase price of USD29.11 per share.
The purchase price equals the closing price of Yahoo! common stock on 19 July 2013.
Following the repurchase, Third Point will beneficially own approximately 20 million shares, representing less than two per cent of Yahoo!’s outstanding common stock.
In accordance with the board’s settlement agreement announced on 13 May 2012, each of the directors originally nominated by Third Point – Daniel S Loeb, Harry J Wilson, and Michael J Wolf -–
The Financial Conduct Authority (FCA) has fined US-based high frequency trader Michael Coscia USD903,176 (GBP597,993) for deliberate manipulation of commodities markets.
This is the first time the FCA has taken enforcement action against a high frequency trader, and reflects the FCA’s objective of enhancing the integrity of the UK’s financial markets.
Between 6 September 2011 and 18 October 2011 Coscia used an algorithmic programme of his own design to instigate an abusive trading strategy known as “layering”.
During this time, Coscia placed thousands of false orders for Brent Crude, Gas Oil and Western Texas Intermediate (WTI) futures from
Volante Technologies, a provider of solutions aimed at simplifying the complexity of financial data integration, has expanded its operations in EMEA, US and Mexico with the addition of new key hires.
John Burgos joins Volante Technologies in New York as director, North American sales, bringing more than 15 years of experience in the financial services industry, with a focus on technology and data integration solutions.
Jon Head joins Volante Technologies’ sales team in London, where he will be responsible for European sales. He brings in more than 20 years of experience in financial services software sales, pre-sales,
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
