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Hong Kong-based Value Partners, one of Asia’s largest hedge fund managers with some USD7.7billion in assets under management is preparing to launch a UCITS-com
The Dow Jones Credit Suisse Hedge Fund Index finished up 1.61% for the month of February.
Emerging markets (+2.92%) and Long/Short Equity (+2.64%) were the best performing sub-strategies while the worst performer – and the only sub-strategy in negative territory for the month, was Dedicated Short Bias (-4.66%).
The following funds are no longer reporting to the Dow Jones Credit Suisse Hedge Fund Index: Asuka Japanese Equity Long Short Master Trust, Basso Multi-Strategy Holding Fund Ltd, Canyon Capital Arbitrage Master Fund Ltd, GAM Japan Equity Hedge, and LYZ Global Fund.
There have not been any funds added to the Dow
By Olivier Sciales – Luxembourg’s Parliament has adopted on 6 March legislation amending the February 2007 law on Specialised Investment Funds, adapting the highly successful SIF regime to European and international developments regarding regulation and transparency of alternative investments.
The revised legislation reflects in particular the requirements of the European Union’s Directive on Alternative Investment Fund Managers, which will take effect on July 22, 2013. It also follows some aspects of Luxembourg’s funds legislation of December 17, 2010, which transposed into national law the Ucits IV Directive governing cross-border distribution of retail funds within the EU and introduced other changes
Singapore Exchange (SGX) is consulting the public on its proposed changes to the reporting and registration of Negotiated Large Trades (NLTs) in the derivatives market.
To enhance the reporting process for market participants, the proposed changes are:-
To introduce a new functionality to enable the registration of NLTs through QUEST Application Programming Interface (API); and
To extend registration hours on the eNLT system to 8.00 pm (Singapore time) for all SGX-DT contracts.
As an alternative to the existing eNLT system, the proposed Trade Report API functionality will offer greater convenience to market participants whose order management system already connects to
CUSIP Global Services (CGS), managed by S&P Capital IQ on behalf of the American Bankers Association, has launched the CGS Hedge Fund Service, which offers unique CUSIP identifiers for domestic and global hedge funds.
Built in collaboration with eVestment Alliance, a global provider of institutional investment data intelligence and analytic solutions, and their extensive eVestment|HFN hedge fund platform, the new service covers over 11,000 hedge funds and funds of funds identified in the CUSIP database.
Historically, CUSIPs have been assigned to hedge funds on an ad-hoc basis. Over the past two years there has been a significant increase in requests for
Institutional investors seeking exposure to emerging Asian equity markets face challenges in accessing many of the region’s closed markets and are turning to exchange-traded derivatives markets, as well as over-the-counter (OTC) instruments that can provide the exposure they need, says TABB Group in new research published today.
"Innovations in Accessing Asia: Listed Equity Derivatives and Delta One Products” reveals that investment managers are active users of OTC equity derivatives, including contracts for differences (CFDs), equity swaps, participation notes and other structured products.
Andy Nybo (pictured), a TABB principal, head of derivatives research and the report’s author, says: "However, global regulatory
Asian institutions would appear to be continuing to grow in importance as a source of new capital for hedge funds both within Asia and globally, with the majority looking to maintain or increase th
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