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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
Man Group has completed its acquisition of hedge fund research and investment specialist FRM Holdings, first announced on 21 May.
Man has integrated FRM’s USD8bn AUM business with its own multi-manager business.
The combined business now has funds under management of approximately USD19bn, making it the largest independent non-US based fund of hedge funds.
Kinetic Partners, a professional services firm to the asset management, investment banking and broking industries, has launched a risk monitoring and reporting platform in partnership with Riskdata, a risk management solutions provider.
The service provides a scalable, transparent, Ucits-compliant, third party solution for administrators, fund management companies and hedge funds to monitor their risk positions.
The new offering combines Kinetic Partners’ expertise in risk management, and risk monitoring requirements with Riskdata’s risk analytics, regulatory-compliant models and cross-asset-class risk data service, which provides a cost effective alternative to an in-house risk system.
The new service will provide all risk management functionalities
Hedge funds gained 0.66 per cent in June, according to the Barclay Hedge Fund Index compiled by BarclayHedge.
The index is up 2.39 per cent year to date.
“A bailout package for Spain announced early in the month helped to set a more positive tone for equity markets in June,” says Sol Waksman, founder and president of BarclayHedge. “The ECB’s month-end agreement to make loans directly to eurozone banks added fuel to the rally and propelled the S&P 500 to its largest single day gain this year, demonstrating yet again that Europe’s financial woes continue to be a major determinant
June proved difficult for CTA strategies, according to Newedge’s monthly performance data for its suite of hedge fund indices.
"Risk-on" movements in the first three weeks and final days of June hurt CTA positions, which were generally structured to benefit from an economic downturn.
29 June was especially trying as strong rallies in equity and commodity markets, alongside declines in interest rate and bond markets and the US Dollar, reversed pre-existing trends.
The Newedge CTA Index fell 3.28 per cent in June (-0.84 per cent YTD) and the Newedge CTA Trend Sub-Index was down 4.74 per cent (-0.91 per cent
The Dow Jones Credit Suisse Hedge Fund Index finished down 0.40 per cent for the month of June.
The top-performing sub-strategies in June were equity market neutral (0.93 per cent), fixed income arbitrage (0.76 per cent) and multi-strategy (0.48 per cent).
Managed futures and dedicated short bias were the worst performers down 3.56 per cent and 2.72 per cent respectively.
The following funds were dropped from the Dow Jones Credit Suisse Hedge Fund Index in June: Cura Fixed Income Arbitrage Master Fund, Restoration Holdings, SuttonBrook Capital Portfolio, and Teleos Master Fund.
No funds were added to the Dow Jones Credit
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