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Three new members have joined EDHEC-Risk Institute’s international advisory board, which brings together scholars, representatives of regulatory bodies and 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 centre’s management and to evaluate research outcomes with respect to their potential impact on industry practices.
The 40 members of the board also advise on the objectives and contents of projects deriving from the expertise of the research centre, thereby ensuring that graduate and executive programmes remain at the
The international derivatives marketplace Eurex Exchange is to start a new initiative to increase the attractiveness of its short-term interest rate derivatives segment by offering new trading and market making incentives for its Three-Month Euribor Futures.
These measures will become effective on 1 June 2013. Euribor Futures have already been listed on Eurex Exchange for several years.
The major elements of the initiative have been discussed with relevant market participants, who approached Eurex earlier this year. As part of the initiative, Eurex will offer a completely new market making scheme starting on 1 June, which will replace the current
Chicago Board Options Exchange (CBOE) and CME Group have begun disseminating values for a new volatility benchmark index using futures options data on CME Group’s 10-year US Treasury note contract.
The CBOE/CBOT 10-year US Treasury Note Volatility Index is the first volatility index based on US government debt to be calculated and disseminated by CBOE.
The index was developed with significant contributions from Antonio Mele and Yoshiki Obayashi of Applied Academics.
CBOE and CBOE Futures Exchange (CFE) plan to offer trading on the 10-year Treasury Volatility Index in the future.
"We’re pleased to introduce an interest rate
London remains Europe’s leading hedge fund capital, helped by the proliferation of UCITS-compliant hedge funds according to a new report by TheCityUK. The primary driver for this is the fact that such fund vehicles will escape being regulated by the upcoming Alternative Investment Fund Managers Directive; which is, in essence, UCITS-equivalent regulation applied to the alternative fund space. According to the report,
London remains by far the dominant centre in Europe, managing around 85 per cent of European based hedge fund assets. The city’s share of the hedge fund market has remained steady over the past four years despite fears
ML Capital has appointed Dr Dermot F Smurfit as chairman of the ML Capital Group of Companies, effective 23 April 2013.
Cyril Delamare, chief executive, says: "Dr Dermot F Smurfit’s appointment will further strengthen and help ML Capital build on the foundations put in place by the existing management team. He will be a highly valuable member of the board and will take an active role in developing the business. Dr Smurfit brings to the company a formidable reputation of resolute leadership and entrepreneurial spirit, which we believe will serve the company well as we strive to become the leading independent provider
New global rules for OTC derivatives have been implemented in the US and are imminent in Europe that will have significant long-term implications for how hedge funds, asset managers and regional banks execute, clear, and report their swap positions.
In particular, 10 June, 2013, represents the second phase of the OTC clearing mandate that is required under the Dodd-Frank legislation. This means that those firms defined as part of Category 2 (hedge funds, asset managers and regional banks) that trade swaps must move very quickly to finalise central clearing arrangements.
Firms must act now to finalixe their legal agreements
Emerging markets hedge funds recorded total investments of USD151 billion, after accumulating over USD1.8 billion during the first quarter of 2013.
According to the latest data from Hedge Fund Research, the first quarter’s inflow follows another strong performance in the last quarter of 2012, where over USD3 billion was allocated to Emerging Markets funds.
Hedge Fund Research reports that during 2012, HFRX Multi-Emerging Market Index posted a strong 13.14 per cent return, with HFRX India Index generating 27.63 per cent in returns, followed by HFRX BRIC Index yielding 13.41 per cent return.
The HFRX Multi-Emerging Market Index provided 5.9 per cent return through April,
Rasini Fairway Capital has redomiciled its Stafford SICAV – Global Equity Fund to Luxembourg in a UCITS regulated format using the Alceda UCITS Platform (AUP).
Rasini Fairway Capital is an independent financial advisory company with offices in Zurich and London and a 20 year track record of managing long/short equity fund-of-hedge funds (FoHF).
The Stafford SICAV – Global Equity Fund is the flagship fund of Rasini Fairway. Stafford SICAV is a former British Virgin Islands (BVI) domiciled fund that was launched on 1 April 1993 as SF Fund Ltd and was recently re-domiciled to Luxembourg by Alceda.
RiverRock European Capital Partners has acquired a controlling stake in Chenavari Financial Advisors, the broker-dealer business of Chenavari Financial Group.
The transaction was completed on 17 May 2013 and the business has been renamed RiverRock Securities (RRS).
Established in 2009, RRS is an advisory firm specialising in OTC derivatives and structured products as well as fundraising and distressed assets advisory.
With this acquisition, RiverRock is diversifying its core asset management business into securities brokerage and generating new avenues of growth.
RiverRock partner and co-chief executive Michel Péretié (pictured) says: “I am delighted with this acquisition which
Lyxor Asset Management has appointed Frank Frecentese as the deputy head of hedge fund research in the firm’s New York office.
The addition of Frecentese is part of Lyxor’s continued growth in the North American market.
His appointment will bolster Lyxor’s existing dedicated portfolios team which offers advisory services and portfolio solutions to institutional investors. Lyxor’s multi-billion dollar advisory business services institutional investors across Europe, MENA, Asia and North America.
Frecentese joins Lyxor from Citi Private Bank, where he was managing director, global head of hedge fund investments. In that role, Frecentese oversaw the hedge fund investments
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