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The funds in Australian Fund Monitor’s database have fallen by an average of 2.47 per cent in May, based on the results of 31 per cent of funds in the database.
This is five per cent less than the fall of the ASX 200, which fell by almost eight per cent in May.
Equity funds fared worst, down 3.75 per cent, while non equity based funds posted a positive 0.81 per cent for May, based on the 19 per cent which have reported to date.
Taking a 12 month view, equity based funds are up 14.46 per cent against the
- 16/06/2010
Standard & Poor’s has launched an extended family of sub-indices based on the S&P World Commodity Index.
The S&P WCI family of indices now includes the single commodity indices and sector indices, as well as regional indices in Asia and Europe.
Launched in May 2010, the S&P WCI is the first index to consist solely of listed commodity futures contracts that trade outside of the US.
“The launch of the S&P WCI is the result of Standard & Poor’s meeting the market’s needs for an international commodity index that would complement the US focused S&P GSCI, providing all-world commodity exposure,”
- 16/06/2010
European Fund Administration had a turnover of EUR63m in 2009, a 2.5 per cent rise on 2008, after tax profits amount to EUR5.1m ensuring a return of 38.2 per cent on subscribed capital after tax.
As at 31 December 2009, EFA had EUR83.2bn of assets under administration, held by 2,450 funds on behalf of 226 clients.
The number of clients in 2009 was 13.6 per cent higher than in 2008. Turnover from EFA’s direct clients rose 15 per cent. At the end of 2009, they accounted for 29 per cent of the turnover and 41 per cent of the total
- 16/06/2010
The Securities and Exchange Commission has charged a New York-based money manager and his firm with fraud for touting investments he claimed were tied to the Chimay royal family of Belgium, and then stealing millions of dollars to pay his divorce lawyers and the mortgage on his house in the Hamptons.
The SEC obtained an emergency court order to freeze the assets of Guy Albert de Chimay and his firm Chimay Capital Management, alleging that they solicited investments in a vehicle known as the Bridge Loan Facility that was to pool investor funds with millions of dollars of Chimay royal
- 15/06/2010
International Asset Management, a fund of hedge fund investment manager, has appointed Nan Mead as vice president of client development.
Based in IAM’s New York office, Mead will report to head of client development and marketing Andrew Cade.
She has extensive experience in marketing, sales and investor relations having previously worked at Ivy and Credit Suisse in similar marketing focused positions.
Morten Spenner, chief executive at IAM, says: "We are delighted to appoint Nan as a vice president within our client development team. Nan’s wealth of experience in marketing, sales and investor relations will further strengthen our client development team
- 15/06/2010
RealTick, a multi-broker, cross-asset electronic trading platform, has expanded the suite of products provided by the Latin American investment banking and brokerage house, Bulltick Capital Markets.
The longstanding relationship now enables clients to access Bulltick’s direct to market and algorithmic trading execution capabilities for the major Latin American and US markets.
In addition, clients can access Bulltick’s execution for futures and international equities.
“Regional investors are increasingly seeking trading opportunities across local, pan-regional and international markets, while at the same time international investors are increasing their exposure to the LatAm markets. Bulltick is able to service both types of investors
- 15/06/2010
The Newedge CTA Index fell by 1.51 per cent in May, bringing its year-to-date performance to +2.06 per cent.
The Newedge CTA Index top performances for May included Boronia Diversified Fund, up by an estimated 4.32 per cent, IKOS Financial USD, up 3.07 per cent, and Kaiser Trading Group, up 2.90 per cent.
The Short-Term Traders Index rose by 1.18 per cent in May and is up 0.97 per cent YTD.
The Short-Term Traders Index top performers for the month were Conquest Capital Group (Macro), up 12.03 per cent, Kaiser Trading Group (Kaiser Trading Fund 2x), up 5.86 per cent,
- 15/06/2010
- 15/06/2010
An income producing asset class with the potential to pay up to nine per cent a year has been launched in the UK.
The Secured Life Fund, designed for large pension fund and institutional investors, is constructed to produce regular cash flows without the volatility of stock markets or other traditional benchmarks.
Investors into the fund will be able to choose from either a five, seven or ten year investment period, each of which will provide fixed returns paid annually in arrears. Returns range from eight per cent for the five year bond, 8.5 per cent over seven years, rising
- 15/06/2010
- 15/06/2010
The Commodity Futures Trading Commission has issued a notice of non-approval of a rule amendment submitted by the Options Clearing Corporation.
The OCC rule amendment would have treated foreign currency contracts where the exercise price is fixed at a nominal amount, such as one cent, as securities options, provided that the CFTC took the position that such contracts may be traded and cleared as such.
The CFTC found that the contracts are the economic and functional equivalents of foreign currency futures contracts and are not bona fide options.
- 15/06/2010
- 15/06/2010
The Swiss hedge fund industry is well positioned but the implications of the Directive on Alternative Investment Fund Managers are still unclear, the Swiss Funds Association says.
At an SFA media conference, Hans-Jörg Baumann, chairman of the Alternative Investment Council and chief executive and chairman of Swiss Capital Alternative Investments, addressed the current situation for hedge funds.
In the first five months of this year, the HFRX Global Hedge Fund Index lost 0.26 per cent while the HFRI Fund of Hedge Fund Index slipped back 0.54 per cent. Over the same period the MSCI World Index lost 7.59 per cent,
- 15/06/2010
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