Latest News
Strategic Investments Group and Permal Group have launched the Active Trading Fund, a Ucits III absolute return multi-manager fund.
Deutsche Bank collaborated in the development of the fund, which launched on 14 May with USD250m.
It is the first alternative Ucits multi-adviser fund to invest entirely in dedicated separately managed accounts.
Each account is managed by an active trading fund manager and is owned and set up by the fund, as well as being housed with the fund’s custodian. There is no commingling with other investors. The accounts are all Ucits III compliant, offering weekly liquidity, full transparency and with
- 15/06/2010
Having reduced its exposure to risk in global equities on 21 April 2010, HSBC Private Bank is maintaining its highest conviction overweight in hedge funds in the belief that hedge funds are well positioned to profit from the current market conditions and higher volatility.
Fredrik Nerbrand, head of global strategy at HSBC Private Bank, says: “In contrast to the majority of 2009 in which investors were rewarded for taking on risk, we believe 2010 will be a rather different environment – a year of differentiation where equity and bond markets are likely to be lower than they have been since
- 14/06/2010
Hedge fund strategies’ performance retreated in May as both equity and bond markets struggled amid the European debt crisis and its effect on the global recovery.
The Lipper Hedge Fund Composite Index posted a loss of 2.97 per cent, with all sub-strategies except dedicated short bias (+1.0 per cent) finishing in the red for the month.
Long bias (-4.65 per cent) was the worst performing strategy, bettered somewhat by multi-strategies (-4.07 per cent).
Many trend-following managers experienced a bad month because of a trend reversal in commodities and on cross-market correlation infecting a number of asset classes.
Long bias and
- 14/06/2010
The European Energy Exchange and the derivatives exchange Eurex will expand trading in European Union Allowance futures from 30 June with contracts which will reach maturity from the third commitment period of the European Emission Trading System.
The third commitment period, which will begin on 1 January 2013, was specified as early as upon the adoption of the European Climate and Renewable Energies Package by the European Parliament in December 2008.
Subject to approval by the EEX Exchange Council, EUA futures for delivery in 2013 and 2014 will be available in the trading system as of the end of June.
- 14/06/2010
- 14/06/2010
Verno Investment Management has been launched as a specialist fund manager in the capital markets of Russia and the former Soviet Union.
The founder, Dimitri Kryukov, is an experienced investment manager and trader in the Russian market.
Kryukov, who will be chief investment officer of the new company, is joined by his former colleagues at Kazimir Partners: Karen Clarke, partner and chief executive, Michelle Alifanz Carson, partner and head of business development and investor relations, and Bruce Bower, who will join the firm in August as partner portfolio management.
The team believes that there is a gap in the market
- 14/06/2010
- 14/06/2010
RBC Wealth Management, part of Royal Bank of Canada, has hired Tracy Maeter as head of investments, British Isles.
Maeter will be based in London and will be responsible for oversight of RBC Wealth Management’s discretionary and advisory investments platforms in the British Isles.
Maeter joins RBC from HSBC in London, where she was head of investors. During her five-year tenure there, she also held the positions of team head, sales management and team head, high net worth.
Maeter has also held positions at JP Morgan and a number of consulting firms.
Paul Patterson, head of RBC Wealth Management, British
- 14/06/2010
Credit Suisse has launched Onyx, an algorithmic trading platform designed specifically for fixed income.
The platform gives clients electronic access to trade directly with Credit Suisse.
The initial Onyx offering is a suite of algorithmic execution for pair strategies between fixed income futures and cash US Treasuries. These are the same algorithms that were designed by and have been used by the Credit Suisse trading desk for several years.
For the first time, clients have electronic access straight from their desktops to trade cash US Treasuries directly with Credit Suisse, a market maker in fixed income. While previously clients
- 14/06/2010
Alternative Advisors, a London based investment boutique, has launched the Castillon Diversified Fund, a regulated Ucits III multi-manager investment vehicle.
The fund’s objective is to generate attractive absolute returns whilst ensuring that capital is preserved in any market condition by investing in Ucits compliant absolute return funds and regulated financial instruments.
The Ucits III regulation offers investors a strongly regulated framework, more transparency and better liquidity terms while maintaining the benefits of an absolute returns vehicle.
Castillon Diversified Fund is a sub-fund of the Whitefleet umbrella, a Luxembourg Sicav part I Ucits III. The fund will be launched on 16
- 14/06/2010
The Lyxor Global Hedge Fund index, an investable index based on Lyxor’s hedge fund platform which tracks the overall hedge fund universe, was down 2.2 per cent in May.
Year-to-date the index remains in positive territory, up 0.7 per cent.
Risky assets got hammered during the month of May and so were most alternative investment strategies. The month started on the downward trend registered the month before. Sovereign fears marked a pause for just three days in the aftermath of the decision taken by European heads of government on 9 May to set up a coordinated rescue package.
The subsequent
- 14/06/2010
The International Organization of Securities Commissions has published its revised Objectives and Principles of Securities Regulation to incorporate eight new principles, based on the lessons learned from the recent financial crisis and subsequent changes in the regulatory environment.
The eight new principles cover specific policy areas such as hedge funds, credit rating agencies and auditor independence and oversight, in addition to broader areas including monitoring, mitigating and managing systemic risk; regularly reviewing the perimeter of regulation; and requiring that conflicts of interest and misalignment of incentives are avoided, eliminated, disclosed or otherwise managed.
The principles, which are an agreed set
- 13/06/2010
Special Reports
FeatureD
- Intel
- May 17, 2024
- Intel
- May 16, 2024
- Intel
- May 15, 2024
- EVENT — NEW YORK
- May 14, 2024
- Intel
- May 14, 2024
- Intel
- May 13, 2024
- Intel
- May 10, 2024
- Intel
- May 9, 2024
