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Fund services provider SEI has chosen Calastone to provide its order routing service for the UK business.
SEI, which manages or administers USD495bn of assets globally across pooled and separately managed accounts, will now move toward automated order processing for transactions across its retail fund range and goals-based strategic portfolios.
The move will result in faster turnaround times for order confirmations and contract notes which in turn allow SEI and client counterparties to reduce processing time and benefit from a reduction in operational risk.
Calastone’s system allows all parties in the process – third party administrator, distributor
Paris-based Melanion Capital has received authorisation from the French Autorité des Marchés Financiers to become the first alternative manager to specialise in investment in dividend futures.
Led by Jad Comair, founder and chief investment officer, the Melanion team traces its track record and expertise in dividend futures (at a French investment bank) from 2008, the year of the first listing of a dividend future on Eurex.
Since 2008, the dividend futures market has expanded in volume, in the number of traded instruments (single stocks, indices, options, etc), the number of exchanges issuing these contracts (Eurex, NYSE Euronext, MEFF, LSE,
HedgeStart Partners, the London-based alternative investment consulting firm, has partnered with Commensus to provide IT outsourcing and cloud-based services to HedgeStart’s clients.
HedgeStart provides consulting and other outsourced services to both new and established investment businesses, including hedge funds, fund managers, advisors and institutional investors.
London-based Commensus provides managed cloud, business continuity and IT outsourcing services to investment managers and other businesses.
Under the terms of the agreement, the provision of outsourced IT consulting services to HedgeStart’s client base will be transferred to Commensus along with delivery of both infrastructure and user support for HedgeStart’s own business.
All Lyxor indices ended the month of June in negative territory with the worst index performers being the CTA Long Term (-2.64 per cent), the Lyxor Long/Short Equity Market Neutral Index (-2.45 per cent) and the Long/Short Equity Credit Arbitrage Index (-2.40 per cent).
The Lyxor Hedge Fund Index posted a negative performance at -1.63 per cent in June but remains solidly anchored in positive territory at the end of H1 2013 (+1.85 per cent YTD).
Hedge fund performance in June was hurt by de-risking and a re-pricing of all assets due to higher bond yields. Most asset
Total assets managed by the top 100 alternative investment managers globally reached USD3.1trn in 2012, according to research produced by Towers Watson and published in conjunction with the Financial Times.
The Global Alternatives Survey, which covers seven asset classes and seven investor types, shows that of the top 100 alternative investment managers, real estate managers have the largest share of assets (34 per cent and over USD1.0trn) followed by direct private equity fund managers (23 per cent and USD717bn), direct hedge funds (20 per cent and USD612bn), private equity funds of funds (10 per cent and USD315bn), funds of
The ICAP Securities & Derivatives Exchange (ISDX) has launched new admissions criteria for companies wanting to apply for admission to the ISDX Growth Market.
The ISDX Growth Market is a venue for small and medium sized companies seeking to raise growth capital, achieve an independent market valuation and enhance their corporate profile.
The move is the result of a thorough review of the business following the exchange’s acquisition by ICAP in June 2012 and a public consultation process on the proposed amendments which began in April 2013.
Under the new rules, entrepreneurial companies typically seeking access to
Deutsche Bank has released a white paper on how managers can chart a smooth course through AIFMD implementation, and argues that adoption of an integrated model will be the most cost-effective option, with minimal disruption to a hedge fund business.
Entitled ‘Charting a smooth course through AIFMD implementation’ its aim is to highlight the changes and challenges that face alternative fund managers, and how Deutsche Bank’s AIFMD-compliant solution is able to help managers operate under full compliance and transparency under the Directive.
One of the key changes is the central role that depositaries will now play and the strict
June 2013 was the most active trading month for futures on the CBOE Volatility Index (VIX) in exchange history.
New records for total trading volume and average daily volume (ADV) were set during the month and for the second quarter of the year.
Trading volume of VIX futures at CFE totalled a record 4,213,488 contracts during June, eclipsing the previous high of 4,056,760 contracts in April 2013. June’s volume increased 96 per cent versus the 2,154,055 contracts traded in June 2012 and rose 31 per cent when compared to the 3,212,399 contracts traded in May 2013. June marked the
The UCITS Alternative Index Global lost -1.37 per cent in June to leave it at +0.94 year-to-date. The funds of funds index performed slightly worst with losses of -1.85 per cent. The UAI Funds of Funds is now up 1.24 per cent since the beginning of the year.
With the exception of Equity Market Neutral and Commodities, all single strategies lost ground in June. The UAI Emerging Markets suffered the worst performance, down -3.08 per cent, followed by the UAI CTA and the UAI Macro, respectively down -2.70 per cent and -2.15 per cent. The UAI Long/Short Equity recorded negative
Lucas Wurfbain at Insparo Asset Management comments on the long term outlook for Egypt…
The elation of the Egyptian people is palpable but when the dust settles we are once again confronted by the stark reality of the Egyptian economy. Inflation has spiked, unemployment is much higher (82% of people between 15-29 are unemployed) and tourism revenue has slumped.
The country needs a cash infusion otherwise its ability to import fuel and food becomes severely restricted and we can quickly spiral towards crisis. The incoming government needs to provide clarity and stability and restore the normal processes of the country so that
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