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PhillipCapital India has deployed Orc Access to meet the growing market demand for low-latency connectivity in India.
PhillipCapital has completed the necessary regulatory certifications for its Orc installation and is now able to provide international trading firms with high-speed Direct Market Access (DMA) to the National Stock Exchange of India. (NSE).
The Orc deployment empowers PhillipCapital to meet the low-latency demands of international trading firms looking to execute cash, futures and options on the NSE without the need to obtain exchange membership.
“Apart from Orc’s speed and performance, we were impressed with the robust real-time risk management capabilities within the
The Credit Suisse Liquid Alternative Beta (LAB) Index was down 0.16 per cent in February, according to Dr Jordan Drachman, head of alternative beta strategies at Credit Suisse.
The event driven strategy was the strongest performer for the month, finishing up 0.17 per cent.
The long/short strategy was the worst performer of the six strategies finishing the month down 1.02 per cent.
Thirty eight per cent of respondents believe investment consultants are behind the curve when it comes to advising their clients on the Ucits hedge fund sector, according to a survey by Alix Capital, the Geneva-based provider of the Ucits Alternatives Index (UAI) family of indices.
The survey also reveals a significant shift in allocation intentions. For the first time since summer 2011, respondents plan to decrease their allocation to fixed income and increase allocation to equity long short strategies.
Ucits hedge funds assets under management are expected to continue to grow in the next six months, with 69 per cent
MarketAxess, the operator of an electronic trading platform for US and European corporate bonds, emerging markets bonds and other types of fixed income securities, has completed its acquisition of Xtrakter a provider of regulatory transaction reporting, financial market data and trade matching services to the European securities markets.
In addition, MarketAxess has appointed Robert Urtheil as head of its European and Asian businesses.
Urtheil joins from Oliver Wyman, a management consulting firm, where he was a partner and global head of the firm’s market infrastructure practice. Previously, he spent 10 years at Deutsche Börse Group, most recently as head of
Sir Paul Ruddock is to retire as chief executive officer of Lansdowne Partners, the London-based stock-picking hedge fund he co-founded in 1998, to concentrate on his work in the arts.
Ruddock (pictured), who is currently chairman of the Victoria & Albert museum in London, will step down at the end of June.
Lansdowne Partners currently has GBP8.2bn of assets under management. Its biggest fund, the GBP5.9bn Developed Markets fund managed by former Merrill Lynch investment managers Stuart Roden and Peter Davies, returned 18 per cent last year and is currently up 7.5 per cent in 2013.
An increasingly carbon-constrained world could pose formidable challenges for the global oil sector, according to a report by Standard & Poor’s Ratings Services and Carbon Tracker Initiative.
The report, “What A Carbon-Constrained Future Could Mean For Oil Companies’ Creditworthiness”, indicates that amidst an environment of existing challenges in the oil sector – including evolving government climate-related policies, uncertain future oil prices and rising operational costs – it is even more vital that investors consider the potential implications of future carbon constraints.
“Financial models that only rely on past performance and creditworthiness are an insufficient guide for investors,” says Michael Wilkins,
In a study entitled “Assessing the Quality of Asian Stock Market Indices”, researchers at Edhec-Risk Institute have found that all 10 indices surveyed display a pronounced lack of efficiency in terms of risk-reward trade-off.
For all of them, an equal-weighted index constructed from the same components outperforms the corresponding cap-weighted market index. The levels of inefficiency of Asian market indices were found to be quite comparable to those of European and US indices.
The standard Asian indices are heavily concentrated in a few large-cap stocks. Most indices allocate as much as 60 per cent of the index weight to only
Law firm Walkers’ hedge fund team has been named top provider of offshore legal services by readers of Hedgeweek, one of the key publications serving the hedge funds and alternative investment industry.
On 1 March, the magazine announced that its readership had voted Walkers Best Offshore Law Firm in the fourth global Hedgeweek Awards. The honour was based on the results of the publication’s annual survey of nearly 60,000 subscribers, which sought to determine the “best in class” in a range of categories.
Hedgeweek’s readership is comprised of institutional and high net worth investors as well as managers and other
HedgeMark International has hosted the first of its newly launched “Meet the Managers” series at The Waldorf Astoria Hotel in New York.
The inaugural breakfast gave qualified attendees the opportunity to learn more about the strategies and investment outlooks of three well established fund managers.
Speaking to the more than 50 attendees at this event were Michael Haynes, managing director with Beach Point Capital Management; Robert Jaffe, chief investment officer and founding partner with Force Capital Management; and Robert Kim, portfolio manager with Visium Asset Management. All three took part in a panel discussion moderated jointly by HedgeMark’s founder and
Principal Global Investors is to acquire a 55 per cent stake in Liongate Capital Management (Liongate), a global alternative investment boutique based in London and New York focused on managing portfolios of hedge funds.
Founded in 2003, Liongate has approximately USD2.1 billion in assets under management across a range of commingled funds and dedicated client portfolios. Its client base includes many of the world’s leading pension funds, insurance companies and sovereign wealth funds. Liongate is recognized for its dynamic approach to asset allocation and managed hedge solutions, which have delivered strong, long-term risk-adjusted returns to its blue-chip investor base.
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