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Nicola Marinelli (pictured), portfolio manager at Glendevon King Asset Management, on the ECB’s decision to cut interest rates, the ongoing difficulties in Greece and potential problems in Italy…

Exactly when the major equity markets were expected to officially enter a bear market, they posted one of the strongest months ever and credit markets followed suit. Then the widely announced and expected European Grand Plan was finally announced with a lot uncertainties and lack of details. Anyway it was well received by the markets, most probably because it was the proof that policy makers had shifted from the denial period
The Ascenta Special Situations fund, a long only, unleveraged equity fund focused on mining, oil, gas and renewable energy sectors with a high percentage of its holdings in companies listed on the Toronto Stock Exchange, is now available in Canadian dollars.
Investors in Canadian Dollars will have less underlying currency exposure, will benefit from the CAD’s underlying strengths and of course Canadian investors will welcome the convenience of using their home currency.
The Canadian Dollar has shown great resilience to recent economic turmoil, and gives an opportunity for investors to establish exposure to the “Great White North” and one of
The Dow Jones Credit Suisse Core Hedge Fund Index was up 1.85% in October as five out of seven strategies posted gains.
Oliver Schupp (pictured), President of Credit Suisse Index Co., LLC, says: "Event Driven was the highest performing sector last month as many managers restructured their portfolios to reduce exposure to softer ‘catalyst’ situations, such as management changes and litigations. These situations were drivers of underperformance in September. Meanwhile, Managed Futures, the best performing strategy in September, was the worst performer in October as trends reversed against many short equities, short commodities and long fixed-income positions."
LCH.Clearnet Ltd (LCH.Clearnet) is working with the LME and the administrators of MF Global UK Limited to facilitate the transfer of client positions held within LCH.Clearnet from MF Global UK Limited to other clearing members.
All clients wishing to transfer positions, should visit the LCH.Clearnet website, follow the instructions and complete and return the documentation found at http://www.lchclearnet.com/mf_global_uk_limited_client_information.asp.
Clients should be made aware that positions are being transferred without collateral (any surplus collateral will be returned to the administrator in due course). Clients who wish to transfer will need to make arrangements to post collateral with their replacement clearing member. Clients
Altegris Advisors has launched the Altegris Futures Evolution Strategy Fund, which combines active management of what Altegris describes as ‘leading managed futures managers’, with an active fixed income approach.
"Traditionally the typical managed future fund allocates a large percentage of its assets to highly liquid, short-term, high-quality securities. Given today’s low interest rate environment, we believe it is an opportune time to introduce an alternative fixed income approach in combination with a focused managed futures strategy," says Jon Sundt, President and CEO of Altegris. "The Altegris Futures Evolution Strategy Fund utilises actively managed fixed income strategies, sub-advised by an industry-leading
European Multilateral Clearing Facility NV (EMCF) has appointed Hugh Brown as Director of UK Markets. In this newly created position, Brown will be EMCF’s representative in London, managing the relationships with UK-based platforms and clients, liaising with regulators and industry bodies and helping to develop EMCF’s strategy and positioning on industry issues.
Brown joins EMCF following 17 years with the London Stock Exchange Group, where his roles have included managing trading, post trading and regulatory strategy.
"Hugh joins EMCF at a critical time for the European financial sector, when the marketplace is about to start offering interoperability," says Jan Booij
Lionel Paquin has been appointed as Managing Director – Head of the Managed Account Platform at Lyxor Asset Management.
Paquin, who has been working within the Société Générale Group since 2004 and is a member of the Lyxor Management Committee and Executive Committee, replaces Stéphane Enguehard, who has been promoted to Managing Director – Head of Funds of Hedge Funds Development for Lyxor.
Enguehard’s new role will consist of promoting the company’s Funds of Hedge Funds range towards a broader audience of key investors around the globe.
Skandia Investment Group is offering UK retail investors the ability to complement their investments in bonds and equities – by launching the Skandia Global Futures Fund.
The new fund invests in the USD290bn managed futures industry – an industry which has its roots in the mid nineteenth century US farming industry but which has grown rapidly since the 1970’s with the introduction of new futures contracts covering a broad range of commodity and financial assets.
The new Skandia fund is UCITS compliant and is designed to offer investors an alternative investment strategy which is generally uncorrelated to traditional equity
Mark Hewlett, Managing Partner of Anello Asset Management, on the ECB’s decision to cut interest rates…
I hope this isn’t the start of a more market reactionary ECB. Trichet kept the focus on price stability and independence from the Markets and Governments. The press conference after the announcement did something to reassure that the ECB will not throw unlimited amounts of money at the problems Europe is facing, but it would be easy to undo the good work to date to ensure the currency is sound over the longer term, regardless of the poor political decisions and which countries are
Increased automation and growing demand for more transparency have seen hedge fund managed accounts grow in popularity and brought down the cost of their administration, according to JP Morga
