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As a new report from Citi Prime Finance reveals that record allocations are held in CTA/macro strategies, Dr Alexei Chekhlov, Head of Research and Portfolio Management at Systematic Alpha Management (SAM), a New York based CTA, has said that “short-term systematic funds will find their footing in the current environment.”
CTA assets under management rose 52% between the end of 2007 and 2011, according to Barclayhedge. The turning point for CTAs came in 2008, the Citi report says, when they outperformed other hedge fund strategies and long-only managers. This led many institutional investors to look at ways to diversify their
Fitch Ratings says that the announced merger between Olympia Capital Management (M2) and Kenmar Group addresses part of the key challenges the agency has identified that Olympia is facing, notably enlarging operations to optimise operating profitability, diversifying its investor base and strengthening analytical research capabilities.
Restoring its financial standing remains one of the key challenges facing Olympia, as Fitch highlighted in November 2011. In Fitch’s view, the planned integration with Kenmar would place the combined group in a better position to ultimately achieve operating profitability thanks to a more critical and visible combined size (USD3.3bn of assets at end-April 2012,
EFG Asset Management, the asset management arm of EFG International announced this week the appointment of two Hong Kong-based executives to strengthen its senior management team in the region. Nigel Sze has been appointed Head of Asia and moves from EFG Bank Asia where he was deputy CEO and Head of Private Banking in Hong Kong. Prior to this Sze was Asia Head for HNW clients at Citi Global Wealth Management.
Harmen Overdijk has been promoted to the role of Head of Investments. The appointments underline EFGAM’s intentions of consolidating their position strategically in the region, having also recently appointed
Alliance Bernstein is now actively clearing over-the-counter interest rate swaps through LCH.Clearnet’s SwapClear service. The move comes in advance of regulatory mandates in the US to clear over-the-counter derivatives.
The initial trades were executed and cleared by Citi and affirmed over MarkitSERV. These trades complement the USD1 trillion notional of interest rate swaps that have now been cleared on behalf of buy-side clients using the SwapClear service.
“Clearing ahead of the regulations makes sense for us. It means we can plan for the changes in market structure and optimise our clearing solutions in line with our portfolio requirements,” says James
Estlander & Partners, a Finnish alternative investment management company and Commodity Trading Advisor (CTA) with approximately USD1 billion in assets under management, has launched its US operations based in Stamford, Connecticut, which will be led by Dan Rizzuto, CFA, as Director/Head of North America and a member of the Firm’s executive committee.
Rizzuto will lead Estlander & Partners’ business development efforts in the region aimed at enhancing the Firm’s ability to serve clients in North America.
Founded in 1991, Estlander & Partners strives to generate superior risk adjusted returns through a continuous and innovative quantitative research process, experience-driven trading of
Carey Olsen is extending its legal service offering to include the jurisdictions of the Cayman Islands and the British Virgin Islands (BVI).
Carey Olsen will offer Cayman Islands advice through an experienced team which will include Cayman Islands partners Jason Allison, Nick Bullmore and Jarrod Farley. A formal launch of the Cayman Islands office, including the announcement of new purpose-built premises, will take place in September 2012.
Carey Olsen is also now offering a BVI capability led by Guernsey-based partner Andrew Boyce. Prior to moving to Guernsey, Andrew practised in the BVI and is dual qualified in Guernsey and BVI
Assets invested with hedge fund firms could more than double by 2016, according to a just-released survey from Citi Prime Finance.
The study finds that pension funds, endowments, foundations and other institutional investors are increasingly embracing the risk management and diversification that hedge funds offer, and that hedge funds are developing new products that compete with traditional, long-only managers. These trends could contribute to a sharp rise in hedge fund assets over the next few years.
In the third of its annual market-leading surveys of hedge fund industry trends, the newest, titled Institutional Investment in Hedge Funds: Evolving Investor Portfolio
Customers of Integral Development Corp, a provider of FX trading solutions and services, can now access Russian exchange MICEX-RTS’s MICEX Ruble liquidity via FX Cloud.
Participants on Integral’s FX Grid, a global inter-institutional connectivity and trading network, linking ECNs and market making banks to FX market participants, can immediately access all currency pairs and tenors available from MICEX with no need to build an adapter or wait for a leased line to be put in place. Integral’s customers on FX Grid will benefit from this seamless integration by gaining access to one of the fastest growing emerging markets in FX.
Two members of the inaugural class of "100 Women in Hedge Funds/CAIA Scholars" have completed the Chartered Alternative Investment Analyst (CAIA) Foundation Program.
The scholarship initiative, offered by the 100 Women in Hedge Funds Institute through the generous sponsorship of Pacific Alternative Asset Management Company, LLC (PAAMCO), was established to attract and reward rising female talent in the alternative investment field. Kaoutar Sbiyaa, Product Specialist at Rothschild & Cie France, and Indre Dargyte, Senior Associate at Laven Partners UK, are the first two recipients of scholarship program to earn the CAIA Charter, the leading alternative investment credential.
"We are pleased
With interest rates persisting at their lowest levels in 30 years, the 14% increase in corporate deposits in South Africa over the last year, is adding significant pressure to returns on equity for many local companies already sitting on huge cash piles, says Sean Segar, Head of Product: Cash Solutions at Nedgroup Investments…
The Reserve Bank recently reported non-financial corporate deposits to be ZAR534 billion, compared to the ZAR469 billion at the same time twelve months ago. While it is understandable that many corporates are adopting an overly conservative balance sheet in the face of market uncertainty, there are opportunities
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