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With investment markets characterised by extreme levels of volatility in 2011, a trend that is expected to continue in 2012, investors need to review their investment approach in order to ensure satisfactory growth in their assets. According to Selwyn Pillay (pictured), portfolio manager at Blue Ink Investments, traditional policies and strategies may not necessarily result in palatable investment returns, especially if the general movement of asset classes (beta returns) fails to deliver conventional levels of growth.…
The funds that will outperform in 2012 are those run by managers who are able to be significantly unconstrained and flexible enough to exploit these
The Salus Alpha Equity Hedged had a performance of +4.77% for December, outperforming the S&P 500 Index by +3.92%. The 12 month rolling alpha of Salus Alpha Equity Hedged to the S&P500 is 6% p.a., the 12 month rolling beta is currently -0.1. This implies that in the past 12 months, the fund had a return of 6% due to active management (alpha). The Salus Alpha Equity Hedged currently has a 5% exposure to Long Bias, 42% to Market Neutral, 47% to Long Short Variable Bias, and 6% to Short Bias.
The Salus Alpha Managed Futures had a performance
AlphaMetrix Global Marketplace has listed the first dedicated residential mortgage-backed security (RMBS) fund. The fund is managed by Performance Trust Investment Advisors (PTIA), which is headed by its chief investment officer, Peter Cook, CFA.
Cook previously founded and managed Rochester Partners, a long/short equity hedge fund, from 1997 through 2006. Prior to that time, he managed a hedge fund for Templeton Global Advisors and was vice president of interest rate and currency swaps at UBS in New York.
PTIA’s team is supported by an institutional-class infrastructure led by its president, Douglas Rothschild.
"We are extremely excited to list our RMBS
The National Futures Association (NFA) has begun accepting applications from swap dealers (SDs) and major swap participants (MSPs) pursuant to the recent final registration rules and delegation of authority order that were approved by the Commodity Futures Trading Commission (CFTC) on 11 January.
The CFTC’s final rules require all SDs and MSPs to be registered with the Commission and become members of a registered futures association. NFA is currently the only such organisation. Applying for registration will not be mandatory until the CFTC finalises its rules defining SDs, MSPs and swaps and they become effective. However, persons who believe that
Despite the fact that swaps execution facilities (SEFs) don’t technically exist yet and swaps market liquidity isn’t fragmented today, swaps dealers tell TABB Group in a new research report that they intend to spend millions to create, implement and market swaps liquidity aggregation systems to their buy-side client base.
According to Kevin McPartland, a TABB principal, director of fixed income research and author of “Swaps Liquidity Aggregation: Best Execution to Product Selection,” liquidity in the most liquid parts of the swaps market is going to fragment. “Whether there will be three or as many as 10 SEFs per asset class
MarketAxess Holdings Inc, the operator of an electronic trading platform for US and European high‐grade corporate bonds, emerging markets bonds and other types of fixed‐income securities, has received authorisation from the Comissão de Valores Mobiliários – CVM (Securities and Exchange Commission of Brazil) and the Central Bank of Brazil to offer e‐trading of local currency debt.
Brazilian local currency government and corporate bonds are available on the MarketAxess trading platform. Global institutional investor clients can benefit from MarketAxess’ patented RFQ technology to request competitive, executable bids or offers to multiple broker‐dealers, and execute with the dealer of choice.
“We are
Allocations to CTA’s and Global Macro strategies will be popular choices for investors in this quarter, according to the fifth edition of the quarterly ML Alternative UCITS Barometer (ML Barometer). Some 54% of respondents are looking to increase their exposure to Global Macro-Discretionary, making this the most popular strategy.
There is also considerable demand this quarter for equity managers, with a preference for Global and US managers. Indeed all equity strategies have seen a rise in demand excluding Japanese and Latin American strategies.
Global Emerging L/S is once again the preferred equity strategy this quarter with 52% of respondents
Millennium Management LLC, the large US hedge fund which runs USD14.1billion in AUM, is looking to establish a
Ireland has ushered in its first Malaysian-managed fund platform this week.
Kinetic Partners, the global professional services firm to the financial services industry, has made its first foray into Asia with the announcement of a new office in Hong Kong
