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Lyxor Asset Management this week announced the lauch of the Lyxor/Canyon Credit Strategy Fund, a UCITS-compliant fund designed to provide investors with access to Canyon Capital Advisors LLC’s event driven and credit-oriented strategies across a variety of asset classes. It is the first UCITS strategy of its kind to feature on Lyxor’s Alternative UCITS Platform.
The fund offers both diversified and differentiated exposure. With respect to diversified exposure, the fund has the ability to invest in certain special situation securities such as select liquidations, high yield and distressed corporate bonds, equities, convertibles and agency residential mortgage-backed securities.
Canyon was
The Lyxor Hedge Fund Index was up 0.62 per cent in March, bringing year-to-date performance to 2.36 per cent.
A total of 10 Lyxor Strategy Indices out of 14 ended the month in positive territory, led by the Lyxor Special Situations Index (2.09 per cent), the Lyxor L/S Equity Long Bias (1.41 per cent) and the Lyxor Merger Arbitrage Index (1.14 per cent).
March was dominated by political turmoil in Italy and the spectre of a bank run in Cyprus. These events are signs that the European debt crisis is far away from being solved. On the other
As managers and investors look for fund domiciles with a focus on quality, Fiona Le Poidevin (pictured), Chief Executive of Guernsey Finance – the promotional agency for the Island’s finance industry, explores how Guernsey is well positioned to meet these evolving needs.
There is an ever growing awareness among investors and promoters of the importance of looking towards jurisdictions with quality service provision, strong corporate governance and robust regulation. This change in emphasis and focus on improved standards – accelerated by the global financial crisis in 2008 – was long overdue, but has thankfully been to Guernsey’s advantage as we
NYSE Euronext global derivatives average daily volume (ADV) in March 2013 of 8.1 million contracts was in line with March 2012, and represented a decrease of 7.8 per cent from February 2013 levels.
NYSE Euronext European derivatives products ADV in March 2013 of 4.3 million contracts increased 8.9 per cent compared to March 2012, but decreased 2.8 per cent from February 2013 levels.
Excluding Bclear, NYSE Liffe’s trade administration and clearing service for OTC products, European derivatives products ADV increased 21.4 per cent compared to March 2012, but decreased 6.7 per cent from February 2013.
NYSE Euronext
San Francisco 49ers chief executive Jed York, players, coaches, alumni and cheerleaders will attend the 12th Annual San Francisco “Open Your Heart to the Children” benefit organised by Hedge Funds Care and the San Francisco 49ers Foundation.
The annual event is an opportunity for the hedge fund industry to recognise and work with a football team to support child abuse prevention and treatment programmes in the San Francisco Bay Area.
The event will be held on 18 April at The Bently Reserve (301 Battery Street, San Francisco). More than 400 hedge fund managers, investors and service providers are
UMB Fund Services (UMBFS) has made leadership changes and appointed a new representative for its business development team.
Lonnie Macdonald has transitioned out of his role as head of business development for UMBFS in order to focus on other responsibilities within the organisation. He had led the business development team since September 2007.
Macdonald will continue to serve as head of marketing for UMBFS and as president of the company’s alternative investment servicing division, JD Clark & Company. In addition, he will be focusing on developing and implementing a suite of middle-office services to be offered to clients.
CBOE Futures Exchange plans to expand CBOE Volatility Index (VIX index) futures trading hours – currently 7:00 am CT to 3:15 pm CT – in two phases, beginning in May.
The first phase of expanded trading hours is designed to meet demand from US customers for a post-settlement trading period. The second phase will allow European-based customers to trade VIX futures during their local trading hours.
Phase one – Beginning 30 May 2013
• Current VIX futures trading hours will expand by 45 minutes.
• Fifteen minutes after the 3:15 p.m. CT close of VIX futures, the
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
