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The third edition of the Hedgeweek Awards, presented today in London’s Mayfair, take place against a backdrop of last year’s tough climate for hedge fund managers and their service providers in which the industry had to call upon all its ability and expertise to make headway and retain the trust of investors – which in general it did.
Already indications are that 2012 could be a significantly better year for the hedge fund industry, in terms of both performance and fundraising, as it successfully copes with challenges such as investor demands for greater transparency, tighter regulation in many parts of
The international derivatives markets of Eurex Group recorded an average daily volume of 8.7 million contracts in February (Feb 2011: 10.3 million). Of those, 6.0 million were Eurex Exchange contracts (Feb 2011: 7.1 million), and 2.7 million contracts were at the US-based International Securities Exchange (ISE) (Feb 2011: 3.2 million). In total, 179.3 million contracts were traded, thereof 125.8 million at Eurex and 53.5 million at the ISE.
Eurex Exchange recorded in its equity index segment, the largest product segment, approximately 58.3 million contracts compared with 58.4 million contracts in February 2011. Futures on the EURO STOXX 50 Index stood
Credit hedge funds should not be considered part of the ‘shadow banking’ sector, according to a new paper by the Alternative Investment Management Association (AIMA), the global hedge fund trade association.
AIMA’s research paper* highlights crucial differences between the key functions of a traditional bank and those of credit hedge funds and other non-bank financial institutions.
Credit hedge funds do not take deposits, do not offer daily liquidity nor otherwise hold themselves out as guaranteeing the return of the invested principal.
They manage their liquidity profiles by agreeing investor redemption terms which correspond to the liquidity profile of
Hedge funds, as measured by the Dow Jones Credit Suisse Hedge Fund Index, finished January up 2.34%; with 9 out of 10 strategies in positive territory.
In total, the industry saw estimated outflows of approximately USD15 billion in January, bringing overall assets under management for the industry to approximately USD1.72 trillion.
The Equity Market Neutral and Convertible Arbitrage sectors experienced the largest asset inflows on a percentage basis in January, with inflows of 2.27% and 0.87% from December 2011 levels, respectively.
Directional strategies, such as Long/Short Equity, experienced positive performance driven by a risky asset rally. Mean reversion was a
Union Bancaire Privée (UBP) is to acquire alternative investment manager Nexar Capital Group. The combined UBP-Nexar alternative investment group will boast a broader platform, established global distribution capabilities and innovative solutions in the alternatives space.
It will have offices in Geneva, New York, London, Paris, Jersey, Tokyo and Hong Kong and form a new division reporting to UBP’s Chief Executive Officer Guy de Picciotto.
In acquiring Nexar, UBP is demonstrating its ongoing commitment to the alternative investment industry and delivering market-leading investment and advisory services to investors globally. UBP strongly believes in the important role of funds of hedge funds
NYSE Liffe expands range of Dutch products with the introduction of futures and options on the AMX-Index
NYSE Liffe, the European derivatives market of NYSE Euronext (NYX), is to introduce futures and options on the AMX-Index, the index for medium sized Dutch companies. AMX-Index futures will be launched on Monday 26 March 2012, followed by trading in AMX-Index options on Tuesday 10 April 2012.
The introduction of AMX-Index futures and options marks the further expansion of NYSE Liffe’s successful range of products within the Amsterdam market. The existing options on individual AMX equities are very popular, and in 2011
Several hedge funds in Japan are having to deal with inquiries from nervous clients following the news this week that Japan’s financial regulator was widening its investigation into the
China is planning to allow overseas hedge funds to set up RMB-denominated products on the mainland and raise capital there reported the South China Morning Post, Hong Kong’s Engl
Two of Asia’s leading hedge funds have made it into Forbes’ latest survey on hedge fund compensation in a further sign that the region’s alternatives industry is capable of
Dutch hedge funds have had a strong start to 2012 with the Dutch Hedge Fund Index returning 3.42% for January.
The index outperformed both the Deutsche Bank (+1.76%) and Lyxor Hedge Fund (+1.30%) indices for the same period.
The top five best performing Dutch Hedge Funds in January were:
Gold and Discovery Fonds +17,71% (Long/ Short Equity – sector focus)
Fonds Bloemendaal +11,47% (Long/ Short Equity)
HiQ Market Neutral +10,15% (Market Neutral – Stat Arb)
Aster-X Panorama +9,26% (Long/ Short Equity)
Farringdon Alpha One +8,39% (Long/ Short Equity)
