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The IQ Hedge Global Macro Beta Index rose by 1.42 per cent in August, according to data from IndexIQ, a developer of index-based alternative investment solutions.
The index is up by 6.01 per cent year-to-date.
Index IQ’s other hedge fund replication indices posted negative performances for the month.
Long/short fell by 1.21 per cent, event-driven by 0.01 per cent, market neutral by 0.07 per cent, emerging markets by 2.91 per cent, fixed income arbitrage by 2.08 per cent and composite by 0.82 per cent.
“The extraordinary volatility of the financial markets over the past few years has provided a terrific
- 16/09/2010
Managed futures gained 1.48 per cent in August, according to the Barclay CTA Index compiled by BarclayHedge.
“Continued weakness in sales of US residential properties and high jobless claims teamed up to diminish investor risk appetites,” says Sol Waksman, founder and president of BarclayHedge.
“Global equity prices declined in both developed and emerging markets while the rally in bond markets continued. The yield on the ten-year US treasury note fell to 2.5 per cent in August.”
Seven of Barclay’s eight CTA indices had gains in August. The Barclay Diversified Traders Index gained 2.36 per cent, systematic traders rose 1.86 per
- 16/09/2010
Final performance for the Dow Jones Credit Suisse Hedge Fund Index has been confirmed up 0.23 per cent in August and 2.46 per cent year-to-date.
Seven out of ten sectors posted positive performance for the month.
In contrast, global equity markets, as represented by the Dow Jones World Index, fell 3.62 per cent amid market concerns over the weakening pace of global economic growth.
Among the top performing hedge fund sectors for the month were managed futures (+4.87 per cent) and global macro (+1.48 per cent), which benefited from long fixed income positions and relatively low exposure to equity markets.
- 16/09/2010
Bolsas y Mercados Espanoles, the Spanish stock exchange operator, and Clearstream, the post trade arm of Deutsche Börse Group, have welcomed the details on trade repositories for over-the-counter derivatives published by the European Commission.
BME and Clearstream say there is need for clarification regarding the suggested design of the access for third country trade repository providers and the planned timeframe for implementation.
They will therefore continue their close dialogue with the commission and other political stakeholders.
BME’s and Clearstream’s joint initiative, Regis-TR, the first European trade repository, complies with all new regulatory proposals that have been made public.
Jesús Benito
- 16/09/2010
The Lyxor Global Hedge Fund index was up 0.05 per cent in August, lifting year to date gains to 0.8 per cent.
Equity markets were severely hit as major economic indicators faltered. Markets became fearful of a sharper than expected growth slowdown and the rising probability of a double dip in the US economy weighed on risky assets.
In such a context, beta exposures were a strong performance detractor. Long short equity managers were down by 1.5 per cent in the long bias segment and by one per cent in the variable bias one. Even though this negative performance is
- 16/09/2010
Australian hedge funds rose by 0.22 per cent in August, according to data from Australian Fund Monitors.
Most funds weathered a mixed and difficult company reporting season, which saw the ASX200 lose 1.99 per cent.
Equity strategies overall slipped 0.26 per cent with market neutral (+1.18 per cent) equity income (+0.96 per cent) and event driven (+0.75 per cent) the leaders to date.
Mon equity funds fared better at +1.53 per cent overall, with global macro (+4.22 per cent) the standout strategy, followed by managed futures at +1.07 per cent.
- 16/09/2010
Proposed short selling disclosure regulations announced by the European Commission are too stringent and threaten market efficiency, according to the International Securities Lending Association.
Isla supports transparency measures that create disclosure symmetries with long positions, including private disclosure to regulators and anonymised reporting of aggregate reported positions, but believes the EC’s proposed public disclosure threshold of 0.5 per cent for short sales is too low.
“Evidence from prime brokers and market studies show that short selling activity is artificially reduced by investors seeking to avoid short selling above public disclosure thresholds. This undermines market efficiency by reducing liquidity and price
- 15/09/2010
Newedge USA has brokered and centrally cleared its first dealer-to-client interest rate swap transactions at the International Derivatives Clearinghouse, a derivatives clearing organisation owned by the International Derivatives Clearing Group and regulated by the US Commodity Futures Trading Commission.
The initial interest rate swap transactions totaled over USD100m in notional value and involved asset manager and dealer clients.
Newedge joined IDCH’s client clearing platform as a member in March 2010.
“Our membership with IDCG is an important extension to the OTC clearing platform we offer our clients,” says Nicolas Breteau, Newedge’s chief executive. “Newedge has devoted considerable resources
- 15/09/2010
A survey conducted by Schleus Marktforschung on behalf of Hamburg based alternative asset manager Aquila Capital has revealed a stark divide between German institutional investors who are already investing in alternatives as an asset class and those that are not.
Seventy four per cent of respondents who do not already hold alternative investments in their portfolios intend to stay away from the asset class, but 70 per cent of investors who already hold alternative investments are planning additional acquisitions within the year.
According to the survey, 66 per cent of institutional investors who are investing in absolute return funds
- 15/09/2010
The size of the European repo market now stands at EUR 6,979bn, an increase of 25 per cent from EUR5,582bn in December 2009, according to a survey by the European Repo Council of the International Capital Market Association.
This figure takes the size of the market above the previous highest figure of EUR6,775bn recorded in June 2007 before the financial crisis.
The results of the survey confirm the continuing recovery of the European repo market and the underlying trading activity that it supports.
The survey is based on returns received from 57 offices of 52 financial groups, mostly banks,
- 15/09/2010
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