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Managed futures gained 1.85 per cent in July, according to the Barclay CTA Index compiled by BarclayHedge.
The index is now up 1.53 per cent year to date.
All eight of Barclay’s CTA indices had positive returns in July. The Barclay Diversified Traders Index was up 2.61 per cent, systematic traders gained 2.28 per cent, agricultural traders were up 2.23 per cent, discretionary traders gained 1.50 per cent, and financial and metals traders added 1.22 per cent.
“Bond markets also rallied and the US dollar strengthened against the Euro,” says Waksman. “Simultaneous uptrends in the four major sectors of the
In co-operation with ČEZ Group, the European Energy Exchange (EEX) has expanded its Transparency in Energy Markets platform with energy market data from the Czech Republic.
From now on, information provided voluntarily on the platform regarding the installed and available capacity, the volume generated on the previous day as well as scheduled and unscheduled non-availabilities of power from ČEZ power plants will be displayed on the platform.
Compared with the entire generation capacity installed in the Czech Republic the degree of coverage (20.2 GW) is approximately 60 per cent.
“Through the enlargement of the platform with Czech generation data we
Japan-focused hedge funds shed 1.5 per cent in the second quarter of 2012 as the Nikkei fell over 10 per cent reported Hedge Fund Research.
Amidst concern about slowing growth in China and other emerging markets, Ken Stuzin (pictured), fund manager of the Brown Advisory US Equity Growth Fund says at least one company is bucking the trend…
We believe Estée Lauder is positioned at the sweet spot of several secular growth trends. Skin care and cosmetics are among the strongest growth categories in emerging markets, particularly China and Brazil. Prestige beauty, an affordable luxury, is taking share from mass brands, and Estee Lauder’s marketing strategy is driving this trend. Female employment growth and aging populations are providing additional boosts in developed markets.
The iconic
CLS Group, a provider of risk mitigation services to the FX market, has appointed David Puth as chief executive officer.
Puth (pictured), who was also named chief executive of CLS Bank International, is scheduled to take up the position on 21 August 2012.
Puth’s career spans more than three decades in financial markets, including 19 years at J.P. Morgan where he served in a variety of senior global leadership roles, including oversight of the firm’s FX, interest rate derivatives, commodities, and emerging markets businesses. In addition, Puth served as a member of JPMorgan Chase’s executive committee.
After leaving
The Dow Jones Credit Suisse Hedge Fund Index finished up 1.42 per cent for the month of July.
Managed futures (4.68 per cent), fixed income arbitrage (1.62 per cent) and multi-strategy (1.28 per cent) were the three best performers among the ten sub-strategies, while risk arbitarage (-0.51 per cent), dedicated short bias (-0.44 per cent) and equity market neutreal (-0.40 per cent) all finished the month in negative territory.
The following funds have been dropped from the Dow Jones Credit Suisse Hedge Fund Index in July: Epoch Master Fund and Steelhead Navigator Fund.
The following funds have been added to
2100 Xenon Group, an affiliate of Old Mutual Asset Management, has been selected by Russell Investments as one of the alternative asset managers in the newly launched Russell Multi-Strategy Alternative Fund.
"We are very proud to be among the group of alternatives managers selected by Russell," says Jay Feuerstein (pictured), founder and chief investment officer of 2100 Xenon. "Our goal is to provide a long volatility, absolute return profile that succeeds when traditional long only investment strategies suffer. We hope to achieve this goal through a managed futures strategy with a negative or low correlation to most equity, bond and
Hedge funds gained 0.85 per cent in July, according to the Barclay Hedge Fund Index compiled by BarclayHedge.
The index is up 3.19 per cent year to date.
“Equity markets see-sawed in July, driven up and down by economic reports in the most recent news cycle,” says Sol Waksman, founder and president of BarclayHedge. “Poor economic data drove markets down, and hopes of action by governments and central banks rallied the markets. It was a very difficult trading environment for many strategies.”
In July, 17 of Barclay’s 18 hedge fund indices had positive returns. The Barclay Equity Short Bias Index
The London Metal Exchange’s (LME) minor metals contracts have reached USD1bn in notional turnover.
Cobalt and molybdenum have traded 7,748 lots so far in 2012, (equivalent of USD291m) with a total of 22,161 lots traded since launch (equivalent of USD1bn).
LME Cobalt volumes surged 91 per cent in 2012 (January-July) compared with the corresponding period last year. Cobalt also reached record market open interest in March 2012 at 619 lots. LME Molybdenum volumes also increased nine per cent in 2012, with 310 lots traded from January to July 2012.
"LME cobalt volumes have been steadily growing in 2012," says Chris
Japan is a market that James Sullivan, manager of the CF Miton Arcturus Fund, continues to believe is the most realistically valued of all the major equity markets…
The level of the exchange rate is generally viewed as crucial to the prospects for the Japanese economy, therefore the domestic stock market in Japan tends to outperform when the domestic currency weakens against the dollar. This was clearly evident in Q1 when Japanese equities comfortably outperformed US equities, buoyed by a significant depreciation of the yen against the dollar. However, the outperformance has reversed in recent weeks as the yen has
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