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International derivatives exchange Eurex is to launch 19 single stock futures (SSF) on leading Polish companies on 27 June 2011. The new listings reflect customer demand for derivatives based on shares from one of the largest economies in Eastern Europe.
The new SSF contracts will be based on 19 shares of the Polish blue chip index WIG 20 (except CEZ) and denominated in euro. The launch extends Eurex’s SSF offering with a new country, bringing the total number of covered countries to 21.
“As Eastern European countries become more and more important for our customers and investors, demand for
- 07/06/2011
Market Data & Analytics is expanding its range of information products with “Eurex ICAP Swap Spreads”. The new data product, which aims to serve as a neutral benchmark for Euro interest rate swaps, was developed jointly with interdealer broker ICAP.
Eurex ICAP Swap Spreads provides yield spreads between exchange-traded futures and interest rate swaps that are traded over-the-counter (OTC). In addition, the product includes Bund, Bobl and Schatz futures yields, ICAP Euro interest rate swap rates and open, high, low and close spreads and yields. The data is updated every 250 milliseconds. Market participants can use the information to optimize
- 07/06/2011
The hedge fund industry pulled in USD17.5 billion (1.0% of assets) in April 2011, the fourth straight inflow, according to TrimTabs Investment Research and BarclayHedge. Industry assets increased to USD1.8 trillion, the highest level since October 2008.
“Flows are doubtless following performance,” says Sol Waksman, founder and President of BarclayHedge. “The Barclay Hedge Fund Index posted a positive return in each of the eight months ended April, and investors of all stripes are prone to chase a winning streak.”
Multi Strategy funds hauled in USD5.3 billion (2.5% of assets) in April, the heaviest inflow of all hedge fund strategies. Macro funds received USD3.0
- 07/06/2011
The Securities and Exchange Commission has charged Eric Lipkin, a longtime employee at Bernard L Madoff Investment Securities LLC (BMIS), with helping Bernard L Madoff and his firm deceive and defraud investors and regulators about the massive Ponzi scheme.
“Eric Lipkin helped create the detailed and entirely phoney trading and business records that contributed to the success of Madoff’s fraud,” says George S Canellos, Director of the SEC’s New York Regional Office. “The SEC is committed to holding accountable those who helped to perpetrate and conceal Madoff’s scheme.”
The SEC’s complaint, filed in US District Court for the Southern District
- 07/06/2011
JP Morgan has been selected by investment management firm Palmer Square Capital Management, a manager of hedge fund-of-funds partnerships and customised alternative investments, to provide Prime Custody Solutions for the recently launched Palmer Square Absolute Return Fund, the firm’s first open-ended mutual fund.
According to Palmer Square, the fund seeks capital appreciation with an emphasis on absolute (positive) returns and low correlation to the broader equity and bond markets. It utilises a concentrated group of seven institutional managers who operate a broad range of hedge fund-type strategies, including global macro, long/short and event-driven credit, long/short international and domestic equity, and convertible
- 07/06/2011
Assets under management of European L/S Equity related hedge funds on the Lyxor managed account platform may be down 15% since January 2010, but according to Lyxor’s Stefan Keller (pictured) – head of managed account platfrom research and external relations – there is a case for looking at Europe again…
Assets under management of European L/S Equity related hedge funds on the Lyxor managed account platform may be down 15% since January 2010, but according to Lyxor’s Stefan Keller (pictured) – head of managed account platfrom research and external relations – there is a case for looking at Europe again…
- 07/06/2011
- 07/06/2011
Agecroft Partners is seeing widespread demand from institutional investors for Commodity Trading Advisors (CTAs), which is a dramatic change from the historical reluctance of many institutional investors and their consultants to allocate to this strategy. Over the past 10 years, the number of pension funds allocating to hedge funds has steadily increased, along with the percent of their average portfolio allocation.
While many of the major hedge fund strategies, such as Equity Long/Short, have been widely accepted by institutional investors for many years, CTAs have only recently been accepted as a core hedge fund allocation as pension funds scramble to
- 07/06/2011
Michael E Ducey has been appointed to the Board of Directors of Apollo Global Management, LLC, and to the Board’s Audit and Conflicts Committees, effective immediately. Ducey’s appointment will bring the number of independent directors on Apollo’s Board to four out of a total of eight Board seats.
Ducey was most recently with Compass Minerals International, Inc, from March 2002 to May 2006, where he served in a variety of roles, including as President, Chief Executive Officer and Director prior to his retirement in May 2006. Prior to joining Compass Minerals International, Inc, Ducey worked for nearly 30 years at
- 07/06/2011
A survey report released today by RBC Dexia and KPMG predicts that hedge fund managers will continue to create EU-domiciled hedge funds to complement their Cayman Islands or other offshore offerings, but that the QIFs and SIFs were gaining popularity versus the UCITS framework.


The survey challenges the notion that onshore domiciles could rival the supremacy of the Cayman Islands amongst hedge fund managers. Only a quarter (24%) of hedge fund managers said that they had already brought offshore funds onshore. Of those, more than half (55%) said they opted for co-domiciliation by creating onshore clone funds to complement their
- 06/06/2011
Galia Velimukhametova, Portfolio Manager at GLG Partners, is to be awarded 100 Women in Hedge Funds’ (100WHF) 2011 European Industry Leadership Award at the organisation’s London Gala on 13 October, 2011.


Each year, 100WHF identifies a woman whose professional talent, business ethic, and passion for investing help define and advance the hedge fund industry’s standards of excellence.


“We are thrilled to recognise Galia Velimukhametova’s professional accomplishments and commitment to the hedge fund industry throughout her career,” says Kristen Eshak, Board Champion, Philanthropy, of 100 Women in Hedge Funds London Ltd and Managing Director, Blackstone Group.


Past European Industry Leadership Award
- 06/06/2011
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