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Singapore government bonds (SGS bonds) can be traded on Singapore Exchange (SGX) from 8 July 2011. This initiative is expected to improve price transparency and liquidity in SGS bonds, and provide investors with a safe investment alternative that can give both capital protection and steady returns.
With the new offering by SGX, investors will be able to access SGS bond prices on SGX’s website or through their brokers, and trade SGS bonds through their brokers in a manner similar to the way stocks are traded. Currently, investors can only buy and/or sell SGS bonds through dealer banks.
A total of
- 09/06/2011
Hedge funds posted a loss in May, with the HFRI Fund Weighted Composite Index declining 1.28%, the first decline in 9 months and the largest since May 2010, with losses across Macro and commodity exposure only partially offset by gains in Relative Value Arbitrage.
The HFRI Relative Value (Total) Index posted a gain of 0.27% for the month, the 12th consecutive month of gains for RVA and the lone strategy area of positive performance for May. Positive contributions across sub-strategies include fixed-income asset-back, corporate exposure and volatility funds, with these only partially offset by losses in multi-strategy credit funds and
- 08/06/2011
- 08/06/2011
The Dow Jones Credit Suisse Core Hedge Fund Index finished down 1.71% in May as alpha remained elusive amidst a difficult trading environment.
Oliver Schupp, President of Credit Suisse Index Co, LLC, says: "May was a challenging month for hedge fund managers across strategies as relatively low volatility levels, higher intra-stock correlations and continued market sell-offs created a difficult trading environment. Overall, the Dow Jones Credit Suisse Core Hedge Fund Index was down 1.71% for the month. Managed Futures saw the most significant decline, falling 4.40% as positions in energy, currencies and equities detracted from performance."
The Dow Jones Credit
- 08/06/2011
Interview with Effie Vasilopoulos – Having a global presence in the alternative fund space in the US, Asia and London has given US law firm Sidley Austin LLP a unique opportunity to grow with its clients, and Hong Kong is no exception. Sidley has 150 lawyers in its global fund group, 25 of whom are based in Hong Kong including partner Effie Vasilopoulos.
“We’ve been active in the alternative fund space in Hong Kong for 10 years and have a leading market share. We’ve been here from the beginning and this has enabled us to grow with our clients”, explains Vasilopoulos.
Vasilopoulos
- 08/06/2011
Interview with Sally Crane – Some USD3.6billion in new assets flowed into Asia in Q1, representing 10 per cent of the USD32billion in net global assets. Great news then, for service providers such as Linedata, that are investing heavily in the region; in particular Hong Kong. The software firm has been a leading global solutions provider to the investment management community since 1998.
It has been operating in Hong Kong since 2005 and recently underlined its long-term commitment to Asia by hiring Sally Crane (pictured) as Head of Asia – Sales and Operations. Crane’s 14 years of financial markets experience
- 08/06/2011
By James Williams – Hong Kong might be a tiny island but it’s a financial colossus. Long regarded as a global financial hub, its dynamism, unique geographic location and stable socio-economic climate has helped it become Asia’s leading hedge fund centre over the last ten years.
Recent industry figures show that, as of end-2010, approximately USD38billion in hedge fund assets were being managed out of the city, corresponding to a 25 per cent market share. Even more revealing is the growing number of billion dollar funds, which have doubled to eleven year-on-year: still a way off New York (128) and
- 08/06/2011
Global derivatives ADV down year-on-year following 2010 sovereign debt crisis, says NYSE Euronext
Global derivatives average daily volume (ADV) of 10.6 million contracts in May 2011 decreased 20.6% versus the prior year, which benefited from unseasonally strong trading volumes due to heightened market volatility driven by the sovereign debt crisis in Europe, according to the latest figures released by NYSE Euronext. May 2010 was the highest level of derivatives monthly trading volume in 2010.
When compared to the strong first quarter of 2011, global derivatives trading volumes quarter-to-date (ex. Bclear) are running approximately 13% below first quarter 2011 levels. Cash
- 08/06/2011
The Hennessee Hedge Fund Index declined 0.50% in May (+3.20% YTD), while the S&P 500 declined 1.35% (+6.97% YTD), the Dow Jones Industrial Average fell 1.88% (+8.56% YTD), and the NASDAQ Composite Index decreased 1.33% (+6.87% YTD).
Bonds advanced, as the Barclays Aggregate Bond Index increased +1.31% (+3.04% YTD) and the Barclays High Yield Credit Bond Index advanced +0.49% (+6.01% YTD).
“Most hedge funds lost money in May as risk assets experienced a sharp reversal due to concerns about the global economic recovery. Commodities took the biggest hit, with silver declining -21% and oil falling -10% during the month,”
- 08/06/2011
- 08/06/2011
Linedata (NYSE Euronext: LIN has released a new version of Linedata Beauchamp, its award-winning hedge fund portfolio management system. This new release – called Linedata Beauchamp Sigma – delivers a new and intuitive front-end for hedge funds to allow them to manage the increasing complexity of their business and to access and act on key data faster.
Mike de Verteuil (pictured), Linedata’s group business development director, says: “The hedge fund market continues to develop, and in this increasingly competitive space, firms are looking to stand out from their competitors. At the same time, hedge funds face pressure from regulators to
- 08/06/2011
- 08/06/2011
BNY Mellon has expanded its middle office outsourcing service for hedge funds, extending what was largely a Europe-only offering and rolling it out to select clients and prospects in North America and Asia.
Building on its Dublin-based operation over the past 12 months, BNY Mellon Alternative Investment Services has invested in new technology and workflow redesign to better support hedge fund clients and added capabilities resident at BNY Mellon, incorporating components of its OnCoreSM middle office solution for investment managers. BNY Mellon was one of the first global custodians to create an investment manager outsourcing business and continues to
- 08/06/2011
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