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The RBC Hedge 250 Index had a net return of -1.81 per cent for September. This brings the year-to-date return of the Index to -3.23 per cent. These returns are estimated and will be finalised by the middle of next month. The return for August 2011 has been finalised at -2.41 per cent.
The RBC Hedge 250 Index is a non-investable benchmark of the performance of the hedge fund industry. The Index operates in accordance with a unique construction methodology. The Universe on which the Index is based currently consists of 4,190 hedge funds (excludes funds of hedge funds) with
Following BlackRock’s recent proposals for reforming and enhancing the ETF market, iShares, the Exchange Traded Funds (ETF) platform of BlackRock, Inc. (NYSE: BLK), has launched a European-wide initiative that will support professional investors to evaluate and select Exchange Traded Products (ETPs).
The phenomenal ETP growth both in terms of assets and types of offering has led to demands for more transparency and higher service standards from investors and regulators alike. iShares’ Due Diligence campaign has been developed to respond to the challenges European investors face when analysing the diverse range of ETPs available to them. As part of the initiative,
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Wednesday 19 October, 20 Canada Square, Canary Wharf, London E14 5LH
12.00 Registration and sandwich lunch

12.30 -14.00 Seminar


S&P Capital IQ Equity Research’s July 2011 recent report on the mining sector highlights the key drivers of performance and future challenges for the industry. Since publication of the report, general economic uncertainty and stock market sell-off has plunged already low sector valuations back towards their 2008 lows.
Why is the market discounting a sharp drop in earnings for a sector that consensus estimates are expecting record earnings from?
Which commodities are most exposed to
EDHEC-Risk Institute has released results of European survey on use of equity and bond indices by institutional investors.
The survey, which elicited responses from 104 European institutional investment professionals, EDHEC-Risk Institute analyses the current uses of and opinions on equity and fixed-income indices.
According to the survey, liquidity, objectivity and transparency are the most important quality criteria investors have for indices. However, respondents suggest that a buy-and-hold character is not a requirement for an index–only slightly more than 50% of respondents find it important or very important. This finding is interesting as the dominance of cap-weighted indices in various asset
A new court ruling in the BVI, based on one of the biggest Bernard Madoff feeder funds, could shake up the funds industry as it provides clarification (and reassurance) for investors redeeming investments from BVI funds that the fund will not subsequently be able to recover redeemed proceeds, according to Robert Foote (pictured), managing associate at Ogier BVI. This judgment could set a precedent for other countries.
The Judgement rules that investors who made withdrawals from the largest hedge fund to become insolvent because of Bernard Madoff’s fraud scheme cannot be forced to return the money. The liquidators of the
Chi-X Global Inc has confirmed that its Chi-X Australia Pty Ltd subsidiary will commence operations on Monday 31 October 2011 following notice from the Australian Securities & Investments Commission (ASIC) that all preconditions in the Chi-X market licence have been fulfilled.
Commenting on the upcoming launch, Tal Cohen, Chief Executive Officer of Chi-X Global, says: “We commend the work of the Australian government and regulatory agencies that have worked tirelessly with Chi-X Australia and the industry to achieve this result.”
Extensive testing of systems and procedures has been conducted by Chi-X Australia, market participants and suppliers. An independent consultancy,
The civil trial arising from the collapse of Weavering Capital (UK) Limited (Weavering Capital) against its founder Magnus Peterson (and others) commences in the High Court today (Monday 17 October).
Weavering Capital is the former London-based hedge fund management firm that was the investment manager of the Weavering Macro Fixed Income Fund Limited (the Macro Fund), the Cayman Islands hedge fund that collapsed in March 2009 leaving its investors, including charities and pension funds, with losses of over USUSD530m.
Fitch Ratings has published a guide to the qualitative analysis of absolute return (AR) funds. The report focuses on the key considerations when assigning Fund Quality Ratings (FQR) to regulated absolute return funds. A robust analytical framework is particularly important for this less seasoned, more sophisticated fund sector.
‘Whether returns are alpha- or beta-driven, the management of an absolute return fund requires greater skill and a different risk management framework than the management of a relative return (i.e., benchmarked) fund,’ says Matthew Arrive (pictured), Senior Director in Fitch’s Fund and Asset Manager Rating team. ‘As absolute return fund management
Charles Parkinson has been appointed as a director of the Legis Group. A non-executive chairman or director of a number of LSE or AIM-listed companies Parkinson’s specialism is commercial property and alternative investments. He is a board member of Bailiwick Investments Limited which has an interest in the Legis Group following the company’s management buyout completed in March this year.
Group managing director, Stuart Platt-Ransom, says: “Charles is highly regarded, with a wealth of experience and his appointment to the board further strengthens the Legis Group’s position as a best of breed independent.
“His track record in professional services and
Schroders has received a boost from strong inflows into the credit fund managed by CQS, which sits on its Ucits platform, GAIA, at a tim
