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Within the buy-side community there’s a tendency right now for traders to focus too much on the algorithms they use and less on trading according to Nick Nielsen, head of trading at Marshall Wace Asset Management. Speaking at a recent FIX Protocol 2012 EMEA Trading Conference held at London’s Old Billingsgate on 13 March 2012, Nielsen said that, generally speaking, there’s been a lot of focus on infrastructure and technology implementation “and less on actual intelligence”.
Within the buy-side community there’s a tendency right now for traders to focus too much on the algorithms they use and less on trading
The Irish Minister for Finance has approved, in principle, the development of legislation for a new corporate structure for funds which is intended to meet US ‘check the box’ requirements and reduce administrative costs.
This step is consistent with the Irish government’s on-going commitment to the continued development of the funds industry in Ireland.
According to Mark White, a partner with law firm McCann Fitzgerald, it is expected that the new legislation will introduce a market-leading corporate structure that combines the high standards of governance, transparency and investor protection that one expects of an Irish authorised fund with the characteristics
JP Morgan Worldwide Securities Services has launched Alternative Investment Reporting, a new interactive portal enabling alternative asset managers across Hedge Fund, Private Equity and Real Estate strategies to view, analyse and extract their fund administration data from dashboards, workflow tools and reports.
This is the latest addition to JP Morgan ACCESS, the firm’s web-based platform for multiple information, compliance and portfolio management applications.
This new technology facilitates consolidation of data and generation of reports across alternatives products via a single reporting platform irrespective of fund structure. In addition to the reporting capabilities, the portal includes a comprehensive workflow module
Pyxis Capital has launched the Pyxis Natural Resources Fund, which will invest substantially all of its assets in the Ascendant Natural Resources Master Fund, managed by Ascendant Advisors.
The Pyxis Natural Resources Fund, through the Master Fund, invests in equities of natural resources companies and will seek long-term out performance of the S&P North American Natural Resource Sector Index. Unlike other natural resource funds, it will invest in sectors such as timber and agribusiness, which are not included in the traditional natural resource indices. Ascendant brings a unique process to security selection by combining a fundamental bottoms up value approach with
The IQ Hedge Multi-Strategy Tracker ETF (nyse arca:QAI), the first US-listed hedge fund replication exchange-traded fund, has attracted USD200 million in AUM since it’s launch three years ago.
“We launched the IQ Hedge Multi-Strategy Tracker ETF in March 2009 with the goal of making a whole new asset class available to the average investor,” says Adam Patti (pictured), CEO of IndexIQ. “Before the launch of QAI, hedge fund investing was generally limited to institutions and high net worth individuals. QAI changed all of that. While the concept was novel at the time, QAI has performed as we anticipated over the
The Commodity Futures Trading Commission (CFTC) has certified the Singapore Stock Exchanges’s (SGX) Euro Stoxx 50 Index Futures Contract for sale in the US.
On 6 February, 2012, SGX requested expedited a CFTC review of the contract for sal in the US and also requested that it be made available through direct access terminals in the United States.
The CFTC’s Division of Market Oversight reviewed the contract and determined that it satisfied the requirements of the Commodity Exchange Act (Act) and the Commission’s Regulations. Accordingly, the Euro Stoxx 50 Index futures contract is deemed to be in conformance with the Act
NYSE Euronext has outlined its European clearing strategy and implementation plan, detailing the steps that will be taken to leverage its NYSE Liffe derivatives clearing platform to consolidate all of its European derivatives into a single derivatives clearing house, and delivering significant operational and margin efficiencies for clients.
“Our clients have long asked for a consolidation of clearing arrangements and the strength of our European derivatives business allows us to deliver meaningful benefits for them in the form of capital efficiencies and savings,” says Duncan Niederauer (pictured), NYSE Euronext CEO. “Formalizing these steps now and communicating them clearly to our
Recent volatility in food and commodity prices can be attributed to global growth in population and per capita incomes, increasing world consumption of animal products, rising energy prices and growing global bio-fuel production, depreciation of the US dollar and slower growth in agricultural productivity. Ralf Oberbannscheidt (pictured), portfolio manager, DWS Invest Global Agribusiness, believes that research and education provide the solutions to combat these long term issues, meet the food needs facing the twenty-first century, and provide returns for investors…
Current constraints to the country’s road and rail infrastructure places Brazilian producers at a disadvantage to their American counterparts in
Retirement plan sponsors are continuing to give investment allocations to hedge funds, private equity funds and other alternative investments. However, plan sponsors are no longer focused solely on performance but are also seeking more information on fund operations in order to assess the total risk facing pension assets invested with these funds.
In response, alternative investment managers must ramp up their disclosure of investment and operational risk factors and reassure sponsors about the steps they are taking to control and mitigate risk, according to a new PwC report, Attracting Pension Plan Assets: What Alternative Investment Managers Need to Know.
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Payments on sovereign credit default swaps contracts related to Greece have been successfully completed, according to the Depository Trust & Clearing Corporation (DTCC).
DTCC’s Trade Information Warehouse (TIW) provides post-trade processing services for OTC credit derivative trades. TIW has completed the restructuring event for the Hellenic Republic (Greece sovereign entity) for single name and index (ITRAXX SovX) transactions. USD2.89 billion in net funds (US dollar equivalent) were transferred on March 26 from net sellers of protection to net buyers of protection.
The auction for Greece sovereign bonds was held on 19 March. The auction was conducted in accordance with the International
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