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Assets under management of Asia Pacific exchange-traded products decreased by USD2.9bn and ended at USD111.3bn last week, according to Deutsche Bank.
Assets under management of Asia Pacific exchange-traded products decreased by USD2.9bn and ended at USD111.3bn last week, according to Deutsche Bank.
On a year-to-date basis, Asia-Pacific ETP market is up by USD19.8bn or 21.7 per cent above last year’s closing.
Asia-Pacific ETP turnover totalled USD5.9bn for last week, 30.7 per cent up from the previous week’s total.
South Korea continued to be on top of the turnover ranking with USD2.7bn, followed by China (USD1.5bn), Hong Kong (USD0.9bn), Japan (USD0.5bn),
The latest quarterly research on the Ucits hedge funds industry published by Alix Capital reveals a 7.5 per cent increase in the total assets managed by Ucits hedge funds to EUR129bn, an increase of 18.3 per cent over the last 12 months.
Louis Zanolin, chief executive of Alix Capital, says: “As predicted, we have continued to see a growth in the total assets managed by UCITS hedge funds in the second quarter of 2012 and this is a trend which we expect to continue for the remainder of the year. Investors are attracted by Ucits funds for bringing an increased
This quarter investors appear very reluctant to make strong bets and are planning to reduce their exposures to directional strategies with most equity long-short strategies seeing a significant drop off in demand for this quarter, according to ML Capital Management’s latest ML Alternative Ucits Barometer.
At the same time, the continued crisis in the markets is driving flight to perceived safety, resulting in increased demand for less market oriented strategies such as global macro, fixed income and equity market neutral.
The relative value area is one of the biggest winners this quarter. 60 per cent of respondents are keen to
A special committee composed of representatives from the futures industry’s self-regulatory organisations (SRO) has proposed additional requirements to SRO rules and regulatory practices designed to strengthen safeguards for customer segregated and secured funds held at the firm.
The special committee, formed in January 2012, includes representatives from CME Group, NFA, InterContinental Exchange, Kansas City Board of Trade and the Minneapolis Grain Exchange.
The SRO Committee unanimously agreed to immediately begin the process of confirming the balances of customer segregated bank accounts for all FCMs using a web-based electronic confirmation process.
Additionally, the SROs will develop rules to require all FCMs
In its fourth annual analysis of global financial regulations, KPMG says investment managers continue to face daunting challenges brought on by a changing global regulatory environment, which is fraught with unanswered questions and an array of differing rules in each region.
Observers, however, are beginning to see some consistency regarding the implementation of new regulations across the globe, with the US and Europe setting the bar and Asia catching up.
“We are beginning to see progress toward more consistency with regard to global regulations but there still remains disparity in the regulatory requirements across the regions,” says John Schneider,
Chi-X Global says Chi-FX Brazil is now available for participant certification.
The platform, which has been developed via an alliance between Chi-X Global and BM&FBOVESPA, Bolsa de Valores, Mercadorias e Futuros (BVMF), is expected to launch in the fourth quarter.
By leveraging a real-time foreign exchange feed, Chi-FX Brazil will enable registered institutional and retail investors based outside Brazil to trade shares listed on BM&FBOVESPA in their local currency.
Traditionally, the foreign exchange leg of offshore transactions occurred at the end of the trading day; by automating this process and executing it simultaneous to the equity transaction, intraday currency risk
ChineseInvestors.com’s S-1 filing with the Securities and Exchange Commission became effective this past week, securing a USD1.5m financing commitment from Kodiak Capital Group, a Delaware limited liability company.
ChineseInvestors.com’s S-1 filing with the Securities and Exchange Commission became effective this past week, securing a USD1.5m financing commitment from Kodiak Capital Group, a Delaware limited liability company.
The company’s chief executive Warren Wang says "I am very pleased to have this facility in place as it offers the company (ChineseInvestors.com and Chinesefn.com) access to additional funds that may be required in the future for various initiatives as well as operating capital.
Managed futures lost 1.81 per cent overall in June, according to the Barclay CTA Index compiled by BarclayHedge.
The index is up 0.03 per cent year to date.
“The month-end ECB agreement to make loans directly to eurozone banks drove prices in some of the major equity, currency, and commodity markets to their largest one-day moves of the year,” says Sol Waksman, founder and president of BarclayHedge.
On the negative side, Barclay Diversified Traders Index fell 2.89 per cent in June, systematic traders lost 2.51 per cent, and financial and metals traders were down 0.56 per cent.
“Momentum-based trend following
State Street Corporation has agreed to acquire hedge fund administrator Goldman Sachs Administration Services (GSAS) from The Goldman Sachs Group, in a cash transaction with a total purchase price of USD550 million.
The deal, which pending regulatory approvals and other customary closing conditions is expected to be finalised early in the fourth quarter of 2012, will see State Street overtake Citco as the world’s biggest hedge fund administrator.
State Street expects the transaction to be accretive in the first full year of operation on a cash basis. Through dedicated teams globally, State Street provides a comprehensive suite of middle office,
The first RMB Qualified Foreign Institutional Investor A-share exchange-traded fund has been listed on The Stock Exchange of Hong Kong.
The first RMB Qualified Foreign Institutional Investor A-share exchange-traded fund has been listed on The Stock Exchange of Hong Kong.
China Asset Management (Hong Kong)’s (RQFII A-share ETF is a RMB-denominated physical A-share ETF.
Through the RQFII investment quota granted by Mainland authorities, an RQFII A-share ETF seeks to track the performance of an A-share index by investing RMB raised outside Mainland China directly in a portfolio of A shares.
The ChinaAMC CSI 300 Index ETF will be the first
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