Latest News
Scoach has been licensed by the Hong Kong regulator SFC (Securities and Futures Commission) to connect market participants in Hong Kong directly to the Xetra trading system. In the future, banks and brokers can use the Xetra network to place structured product orders for trading on Scoach.
Hong Kong has the highest turnover of structured products in the world. Clients of connected banks and brokers there will now gain access to supervised stock exchange trading in Germany. Due to the time difference between Hong Kong and Frankfurt, Scoach trading operates from 4 pm to 3 am. Late trading extends the
Hedge funds gained 3.73% in October, according to the Barclay Hedge Fund Index compiled by BarclayHedge. The Index is down 3.44% in 2011.
“After five long consecutive losing months which saw the S&P 500 decline 16.2 percent, investors switched into risk-on mode and the S&P soared to a 10.93 percent gain in October, its best monthly return since December 1991,” says Sol Waksman (pictured), founder and president of BarclayHedge. “Robust corporate profits, a plan for Greece, and easing of concerns of a double-dip recession helped to revive investor enthusiasm for equities.”
All but one of Barclay’s 18 hedge fund indices
Indus Capital Partners, LLC has appointed Edward Nebens as Head of Europe Fund Trading. He is based in the NYC office reporting to Gene Salamon, Head of the Europe team.
The firm now has a team of nine and managing assets of nearly USD600m
Prior to joining the team, Nebens was an Executive Director in International Equities at UBS AG, Head of Global Trading at Cantillon Capital Management, a USD10bn international asset manager and Head of Trading at Orchard Capital. He has also worked with several other leading financial institutions during his nearly 20 years in the business. Nebens received his
OYSTER Global High Yield is managed by Seix Investment Advisors, a high yield manager based in the US with an excellent track-record. The fund, which is still reserved for an institutional clientele, will be registered shortly in several countries in Europe and Asia, and become available to the public like the other OYSTER sub-funds. SYZ & CO believes the current environment is particularly favourable to high yield investing, which offers competitive risk-adjusted returns compared to equities.
High yield bonds have historically generated highly competitive returns compared to equities on a risk-adjusted basis, without being strongly correlated to any other asset
In light of the current fiscal and monetary concerns that are gripping the minds of investors around the world, Institutional Asset Manager asked the heads of some of the world’s leading asset managers to share their thinking on portfolio management trends post-Lehman and beyond 2011 in concise fashion. Catherine Vaughn (pictured), Managing Director and Head of Asset Management, Highbridge Capital Management, examines alternative investments:
"The last three years have been a period of assessment and change for the alternative investment industry. While alternative asset managers continued to focus on generating positive absolute returns in a volatile market, they also invested heavily
PIMCO has launched the PIMCO GIS Credit Absolute Return Fund for investors seeking a global, diversified strategy that is focused on absolute return and not constrained by a benchmark. The PIMCO GIS Credit Absolute Return Fund, which has a “go-anywhere” investment style and can employ a wide range of investments, is managed by Mark Kiesel (pictured), a managing director and global head of corporate bond portfolio management.
The fund seeks out long-term, strategic investments as well as shorter-term tactical opportunities in an effort to provide positive returns in any market environment. It is designed to enable investors to diversify their
The Securities and Exchange Commission has charged UBS Securities LLC for inaccurate recording practices when providing and recording “locates” to customers seeking to execute short sales. UBS settled the enforcement action by agreeing to pay a USD8 million penalty and retain an independent consultant.
Broker-dealers are routinely asked by customers to locate stock for short selling, and a “locate” represents a determination by a broker-dealer that it has borrowed, arranged to borrow, or reasonably believes it could borrow the security to settle the short sale. Broker-dealers are required under Regulation SHO to accurately record the basis upon which it has
Evercore Partners Inc has agreed to purchase a 45% non-controlling interest in ABS Investment Management, LLC, an institutionally focused equity long/short hedge fund-of-funds manager. Under the terms of the purchase agreement, Evercore will pay approximately USD45 million in cash to the current partners of ABS.
Following the closing of the transaction, which is expected in the fourth quarter, ABS’ founders and employees will own 55% of the company. ABS founders Alain De Coster, Laurence Russian, and Guilherme Ribeiro do Valle, will continue to lead the company, and the investment processes and day-to-day operations will remain unchanged. The founders will sign
S&P Capital IQ’s equity research team invite you to join us for an hour’s look at our expectations for 2012, and our sectors and stocks to watch.
The seminar will be held on Wednesday 7 December 2011, at Pewterer’s Hall, London
Click here to register
Topics and speakers include:
The World in 2012: Expectations for European markets in 2012 and key themes
Robert Quinn, Chief European Equity Strategist, S&P Capital IQ
An overview of sectors and our selection of single stock equities (‘Power Picks’)
Alessandra Coppola, Director of Equity Research, S&P Capital IQ
View the seminar agenda
Register by 1
Saba Capital Management, the USD4.7 billion hedge fund set-up by credit derivatives trader Boaz Weinstein, has appointed Throgmorton to provide a full-range of back-office services for its new UK operations. Saba Capital set up its UK entities in June, and is currently awaiting FSA registration.
Throgmorton, one of the UK’s largest independent back office service providers to the hedge fund, private equity and corporate finance industries, will supply Saba Capital’s UK companies with accounting, VAT, company secretarial, human resources and health and safety services.
The Saba Capital UK branch has been launched as a research centre and sub advisor
