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CYMBA Technologies, a supplier of business software solutions for the asset management, multi manager and hedge fund communities, has lifted out its pre and post trade compliance engine into a standalone product.
CYMBA Centurion brings to the market a compliance solution providing support for different rule types, asset classes and a customisable incident breach management workflow via fully configurable screens.
CYMBA Centurion is used as a standalone compliance system by a number of CYMBA’s clients. Previously integrated as a module within the CYMBA Athena IMS platform, it is now offered as a complete compliance solution for investment managers
Lyxor Asset Management has launched the Lyxor/Canyon Credit Strategy Fund, a UCITS-compliant vehicle designed to access Canyon Capital Advisors’ event-driven and credit-oriented strategies across a broad spectrum of asset classes.
Canyon is partnering with Lyxor to bring the necessary scale, breadth and depth to implement the first UCITS strategy of this kind on Lyxor’s Alternative UCITS Platform.
The fund is designed to provide:
Diversified exposure – The fund has the ability to invest in certain special situation securities such as, but not limited to, select liquidations, high yield and distressed corporate bonds, equities, convertibles and agency residential
In the first quarter of 2013, investors in European equities continued to behave like first time swimmers: they only wanted to enter the water wearing a life vest. Despite tentative signs of a global recovery, investors maintained a strong preference for “safe” global brand names in defensive sectors, says Ad van Tiggelen, Senior Investment Specialist at ING Investment Management…
As a result, prices of these stocks reached levels which evoked comparisons with the “nifty fifty” hype of the early seventies. One has to wonder: Have safe stocks become too expensive?
With Europe experiencing a prolonged period of economic stagnation
Hedge fund assets under management in Hong Kong have increased by more than a third over the past two years, according to a survey released by the HK Securities and Futures Commission.
The SFC said its survey of 348 licensed hedge funds found that AUM had increased by 38 per cent from the time of the last survey in September 2010 to USD87.1bn as of 30 September 2012 (the date at which the SFC requested data for).
In addition to a rising AUM, the SFC said the two-year period saw a 25 per cent surge in the number of hedge
The Regulatory Fundamentals Group (RFG), a New York-based firm that provides business and regulatory insights for alternative funds, institutional investors and their advisers, has released FATCA Watch, a customised "issue spotting" tool to help advisers and fund managers quickly determine their exposure to the Foreign Account Tax Compliance Act.
Implemented as a way to reduce tax evasion that may occur when income generated in the US is transferred outside the country, FATCA imposes new due diligence, reporting and withholding requirements that will ultimately impact a broad range of companies and individuals both in the US and abroad.
FATCA,
UCITS hedge funds are typically more volatile and underperform their non-UCITS hedge fund rivals, according to a comparative study by the Edhec-Risk Institute.
The findings also show that the domicile of a fund is an important indicator of a fund’s likely performance with European domiciled funds delivering lower risk-adjusted returns compared to funds domiciled in other regions.
Noël Amenc (pictured), director of Edhec-Risk Institute, says: “Investors are increasingly considering hedge funds as part of their investment universe, but are also searching for access to sophisticated risk management techniques within the regulated and transparent world of mutual fund products.
Five out of six of Market Vectors investable hedge fund beta indices recorded positive returns in March, according to figures released by Market Vectors Index Solutions (MVIS).
The MV Emerging Markets L/S Equity Hedge Fund Beta Index (0.07 per cent) was the only index to finish the month in negative territory.
MV North America L/S Equity Hedge Fund Beta Index (2.08 per cent) was the best performer, while MV Asia (Developed) L/S Equity Hedge Fund Beta Index (1.48 per cent), MV Global L/S Equity Hedge Fund Beta Index (1.32 per cent), MV Global Event L/S Equity Hedge Fund
The Securities and Exchange Commission has adopted a final rule that streamlines the process for rulemaking by clearing agencies that are registered with both the SEC and the Commodity Futures Trading Commission (CFTC).
The final rule amends an interim rule adopted in 2011 that allowed rule changes filed with the SEC by clearing agencies to become effective as soon as they were filed when they were not related primarily to securities futures and did not significantly affect the clearing agencies’ securities clearing operations.
The final rule expands upon the interim rule to permit effectiveness upon filing for rule
By James Williams – Solvency II is an EU-wide piece of regulation which aims to introduce stronger rules on capital adequacy and risk management for insurance companies, and ultimately increase the protection of the final beneficiary. The Directive represents a major change in the way that insurance companies will operate because at its heart lies a requirement to focus far more exclusively on the assets being held on the balance sheet, and the inherent risks they represent.
Previously, insurance companies used to focus on liability risk assessment but the ’08 financial crisis has prompted regulators to ensure that greater risk
By James Williams – “Now is a good time to be a direct lending manager. We view what’s happening in Europe as a secular shift in the structure of its market. Whereas it was once 90 per cent dominated by banks, increasing institutional capital is beginning to balance things up,” comments Mike Dennis (pictured), managing director and co-head of Ares Capital Europe LP (ACE).
ACE is the European private debt lending arm of US firm Ares Management, a USD56billion alternative asset manager specialising in credit.
Quite how far European institutions will penetrate the capital markets remains to be seen.
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