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The hedge fund industry redeemed USD4.9bn (0.3 per cent of assets) in June, compared with inflows of USD1.1bn in May, according to BarclayHedge and TrimTabs Investment Research.
The hedge fund industry redeemed USD4.9bn (0.3 per cent of assets) in June, compared with inflows of USD1.1bn in May, according to BarclayHedge and TrimTabs Investment Research.
The hedge fund industry redeemed USD4.9bn (0.3 per cent of assets) in June, compared with inflows of USD1.1bn in May, according to BarclayHedge and TrimTabs Investment Research.
Based on data from 3,012 funds, the TrimTabs/BarclayHedge Hedge Fund Flow Report estimated that industry assets were USD1.71trn in
Despite just 68 new hedge funds launching in Asia in the first six months of 2012 according to EurekaHedge, compared to 107 in the boom year of 2007, prime brokers in the
The Monetary Authority of Singapore (MAS) has implemented an enhanced regulatory regime for fund management companies (FMCs).
Amendments have been made to the Securities and Futures (Licensing and Conduct of Business) Regulations, Securities and Futures (Financial and Margin Requirements) Regulations and Financial Advisers Regulations.
Under the enhanced regulatory regime, all FMCs will have to meet enhanced business conduct and capital requirements. These include rules requiring independent custody and valuation of investor assets, as well as requirements for FMCs to undergo independent annual audits by external auditors and having an adequate risk management framework commensurate with the type and size of
Gottex Fund Management’s proposed share buyback plan was approved by shareholders at the alternative asset management group’s extraordinary general meeting on 8 August 2012.
Gottex Fund Management’s proposed share buyback plan was approved by shareholders at the alternative asset management group’s extraordinary general meeting on 8 August 2012.
Gottex has also received all relevant regulatory approvals in connection with its proposed acquisition of Penjing Asset Management and the deal has now been competed.
Penjing is one of the primary Asian alternative asset management providers, which recently received a AAA rating by Schmidt Research Partners.
Gottex believes the acquisition provides compelling
Saemor Capital’s Europe Alpha Fund finished July on a positive note with a gain of 0.7 per cent.
The performance was largely driven by the positioning in the consumer discretionary and energy sectors.
Stock selection results within industrials were weak. The stocks in Sameor’s short book lagged the market whilst the long book performed in line with the market.
Saemor’s quantitative model performed well with the best returns coming from price and earnings momentum factors. Stability factors also showed healthy gains; stocks with low estimates dispersion (the narrowest spread in forecast earnings) and low price volatility were popular. Other quality
The Lyxor Hedge Fund Index gained 1.0 per cent in July (+1.5 per cent in 2012), with 12 out of 14 Lyxor Strategy Indices ending the month in positive territory, led by the Lyxor Long Term CTA Index (+3.2 per cent) and Lyxor L/S Equity Statistical Arbitrage Index (+2.1 per cent).
Hedge funds gained traction as market choppiness diminished. Risk assets, especially equities, traded in a range as markets alternated between optimism and pessimism.
While the major indexes ended the month higher, the bigger theme for hedge funds was the lack of violent shocks. Themes in the market generally played
Hedge funds posted gains for the second consecutive month in July as Macro CTA managers captured strong trending dynamics across multiple asset classes, pushing the HFRI Macro: Systematic Diversified Index to a gain of 2.8 per cent, according to data released by HFR.
The HFRI Fund Weighted Composite gained 1.1 per cent in July, the strongest monthly performance since February, with positive contributions from relative value arbitrage, equity hedge and event driven strategies complementing the macro gains.
The HFRI Emerging Markets Index gained 1.1 per cent, also the strongest month since February, while the HFRI Fund of Funds Index advanced
AdvisorShares, a sponsor of actively-managed exchange traded funds, has launched the QAM Equity Hedge ETF.
QEH is sub-advised by Commerce Asset Management (CAM), a Tennessee-based investment adviser and subsidiary of Commerce Holdings, which advises on approximately USD700m in assets.
QEH employs an actively managed long/short strategy that seeks to exceed the risk-adjusted performance of approximately 50 per cent the long/short equity hedge fund universe as defined by the constituents of the HFRI Equity Hedge (Total) Index, aiming to provide investors with better risk adjusted returns versus the S&P 500 Index over time while reducing the time required and expertise needed
From 13 August, all New York Stock Exchange and NYSE MKT securities as well as staff, operations and systems responsibility will return to the Designated Market Maker (DMM) unit of Knight Capital Americas from GETCO in light of the completion of Knight Capital’s recapitalisation plan.
In accordance with applicable rules, the NYSE and NYSE MKT temporarily assigned custodial responsibility for approximately 524 NYSE and 156 NYSE MKT listed securities from Knight’s DMM unit to the GETCO DMM on 6 August 2012.
“Knight and GETCO have demonstrated outstanding commitment and leadership in serving the best interests of investors, our
By Geoff Cook, chief executive, Jersey Finance – Strange happenings seem be going on across the pond. Like many in our industry I was puzzled by the news headlines last night on Standard Chartered bank, an institution I have always held in high regard and one which I felt had managed to hang on to the best of its heritage in terms of business conduct.
SCB have been accused in the most extraordinary and colourful language by the New York State regulator of handling transactions linked to Iran in contravention of US laws. An extract from the regulators charge sheet
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