Latest News
Fusion Asset Management has launched the Fusion FX Liquidity Hedge service for corporate clients. Fusion has been implementing this service for financial institutions since 2009 and is expanding into the corporate space due to demand from leading European corporations.
Kirill Ilinski, Fusion Managing Partner, says: “Several months ago I was approached by one of Europe’s largest exporting companies to discuss overlay solutions for their FX hedges. They were not being offered what they needed by their banks and they asked us to develop a bespoke solution for them. Since then we have received further demand, and brought on new salespeople
The Dow Jones Credit Suisse Hedge Fund Index fell for a second straight month, finishing down 3.20% in September versus a monthly loss of 9.88% for the Dow Jones Global Index.
Oliver Schupp, President of Credit Suisse Index Co, LLC, says: "The Dow Jones Credit Suisse Hedge Fund Index fell 3.20% in September, marking its largest one month decline in more than a year. Yet for many investors, the hedge fund industry continues to remain attractive on a relative basis compared to other asset classes. For example, equities, as reflected by the Dow Jones Global Index, lost 9.88% last month.
MF Global Holdings Ltd has acquired Strategy Runner Trading Ltd, a multi-asset front-end trading system and algorithmic trading solutions provider that enables professional traders and retail investors the ability to access, automate, distribute and implement trading strategies. The firm paid USD3.75 million for the acquisition.
This acquisition advances MF Global’s strategy to build a comprehensive multi-asset, multi-currency, electronic trading platform to meet demand among retail investors and professional traders for efficient, cost-effective global market access from a single point of entry. Strategy Runner’s platform currently offers trading in futures, foreign exchange and contracts for difference (CFD) markets around the world.
Monique Melis, a Member at financial advisory firm Kinetic Partners, on the sentencing of Raj Rajaratnam to 11 years in prison for insider trading…
Judge Richard Holwell’s agreement with the recommendation that sentencing should be 20-24 years shows that insider dealing will attract the same custodial sentencing as accounting fraud and Ponzi schemes. This latest ruling sends a clear message to executives in the financial services industry that they need to take market abuse and internal controls seriously. It should be noted that the sentence was only lowered due to ill health and no allowance was given to wait outside
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,
