Latest News
Aquila Capital has launched the AC – Risk Parity Bond Fund, the world’s first risk parity strategy to focus solely on fixed income. The new strategy is seen as a solution for investors who wish to retain substantial exposure to fixed income despite any challenges that may face the asset class.
The importance of this issue is underlined by a new research study conducted by Aquila that reveals nearly two out of three European institutional investors (66 per cent) describe current market conditions for fixed income investors as either challenging or very challenging. Nearly three out of five (59 per cent)
IndexIQ, a developer of index-based alternative investment solutions, has reported negative performance in June for all seven of its hedge fund replication and alternative beta indices.
Designed as investable benchmarks that replicate the performance characteristics of sophisticated hedge fund strategies, the IQ Hedge benchmark indices were originally introduced on 30 March 2007 and have been calculating live since that date.
IQ Hedge Event-Driven Beta Index and IQ Hedge Emerging Markets Beta Index were the worst performers with returns of −2.93 per cent and −2.44 per cent respectively, while the top performers were IQ Hedge Market Neutral Beta Index
Legal & General Investment Management’s (LGIM) European Economist Hetal Mehta says there is a real danger of deflation in the euro area, but that no significant action is expected from the European Central Bank (ECB) in the near term…
Euro area consumer price inflation has been on a downward trend since mid-2011. We think this trend is likely to continue as lower unit labour costs and the ongoing structural reforms to liberalise markets, which generate price competiveness, drag down inflationary pressure. “The prolonged period of unemployment in Europe has added to deflationary pressure as lower employment has fed through to
Asian equities were mostly higher yesterday (Thursday, July 4th) with the exception of Japanbut trading was cautious ahead of the European Central Bank meeting and Friday’s key US jobs report. Australia’s S&P ASX 200 rallied 1 per cent, Seoul’s Kospi index closed at a session high and the Shanghai Composite rose to a one-week high. Japan’s Nikkei index however, extended slight declines in choppy trade.
US economic data was mixed earlier in the week, providing traders with little direction ahead of the non-farm payrolls report. The ADP employment report showed a gain of 188,000 private-sector jobs, while service sector growth hit a three-year low. Meanwhile in Europe
Mirabaud Asset Management has recruited Simon Götschmann in Zurich to complete its Swiss equity team.
Götschmann joins from Helvea where he was an analyst covering Swiss equities.
Götschmann joined on 1 July 2013 and completes the team consisting of Matthias Egger, specialist for Swiss small- and mid-caps, and Nicolas Bürki, specialist for Swiss large-caps.
Götschmann will initially be the analyst for Swiss equities, supporting both Egger and Bürki on the management of the Swiss equity products.
He has a deep knowledge of Swiss equities, having worked for Helvea as a sell-side analyst for medical technology, and
Ignis Asset Management’s Ignis Absolute Return Government Bond Fund has surpassed GBP1bn in assets under management.
The fund, which was launched on 31 March 2011, has experienced a steady growth in assets under management that can be broadly attributed to four key factors (i) consistent positive returns in both positive and negative market conditions (ii) the low level of risk taken to achieve its returns (iii) the fund’s low correlation to other assets, including government bonds (iv) strong demand from investors who are increasingly concerned about the uncertain direction of markets, bond markets in particular.
In a little
The Greenwich Global Hedge Fund Index ended June down 1.15 per cent based on preliminary estimates.
It outperformed global equity and credit markets as measured by the S&P 500 (-1.34 per cent), MSCI World Index (-2.61 per cent), and Barclays Aggregate Bond Index (-1.55 per cent).
Despite a positive start to June, most hedge funds were challenged by declining equity markets as the Federal Reserve announced the beginning of less accommodative policy in the US and signs of slowing growth and political turmoil emerged around the world. Early indicators show long-short credit managers struggled the most in June
Joe Truelove has been appointed as a director of Carey Group’s fund administration business.
He leaves Kleinwort Benson after 12 years, most recently as head of business development for the fund administration business.
Truelove (pictured) is a fellow of the Institute of Chartered Accountants in England and Wales, a qualified trust and estate practitioner and has degree in French and Hispanic Studies (Latin American) from the University of Aberdeen.
He trained with Coopers and Lybrand (now PwC) where he qualified as a chartered accountant while working in the audit and business assurance team.
At Carey Group
LuxCSD, Luxembourg’s central securities depository, has now designated five banks as its LPAs – Banque et Caisse d’Epargne de l’Etat, Banque Internationale à Luxembourg, BNP Paribas Securities Services, Caceis Bank and Citi – to support the issuance process of domestic and international securities.
Issuers of securities inside and outside of Luxembourg can select and appoint one of the LPAs to ensure compliance with LuxCSD’s operations throughout the lifetime of the issuance.
Issuers will gain the advantage of distributing their securities in central bank money while benefitting from the extensive customer network of LuxCSD shareholder Clearstream which gives access
Singapore Exchange’s (SGX) securities and derivatives activities increased in June, compared to a year earlier. For the last 12 months (July 2012 to June 2013) stock market capitalisation increased 13 per cent to SGD954bn.
Total bond fundraising increased 45 per cent to SGD196 bn. Of this number, SGD4.5bn was denominated in Chinese renminbi.
Securities daily average value (SDAV) increased 11 per cent to SGD1.5bn, while derivatives daily average volume (DDAV) increased 34 per cent to 412,558 contracts, and the volume of OTC commodities cleared increased 79 per cent to 446,892 contracts and volume of iron ore swaps cleared tripled to
Special Reports
FeatureD
- Insight
- Insight
