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InfraHedge, a managed account infrastructure platform and a subsidiary of State Street, has been selected by Milltrust International Group to launch its Emerging Markets Managed Accounts (EMM
Global law firm K&L Gates and Australian national law firm Middletons are in discussions regarding a possible combination.
If approved, the combination would create a firm of more than 2,000 lawyers in 45 offices throughout Australia, North and South America, Europe, Asia, and the Middle East.
In addition to expanding the combined firm’s global platform to a fifth continent and fortifying its position in the Asia Pacific region, the combination would allow the firm to capitalise on shared practice strengths in areas such as corporate, energy and resources, banking and financial services, labour law and industrial relations, litigation and dispute
Replication strategies have gained in popularity as investors increasingly are looking to capture the benefits of hedge fund investing while avoiding their associated high fees, opacity of process and holdings, and low levels of liquidity.
This is according to a study released by Gregg S Fisher (pictured), president and chief investment officer of independent investment management firm Gerstein Fisher, and Nicolas PB Bollen, the E Bronson Ingram Professor of Finance at the Owen Graduate School of Management, Vanderbilt University, called "Send in the Clones? Hedge Fund Replication Using Futures Contracts".
In their study, Fisher and Bollen sought to replicate a
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
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