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JP Morgan’s active tri-party repo clients have successfully completed the transition to three-way trade confirmation as mandated by the Tri-Party Repo Market Infrastructure Reform Task Force.
By value, 99% of all tri-party repos booked daily through JP Morgan are now confirmed by both counterparties.
According to Kelly Mathieson (pictured), Worldwide Securities Services Global Custody and Clearance Executive at JP Morgan: “This milestone reflects the concerted efforts of our whole community. JP Morgan has worked daily with dealers and cash investors in its tri-party repo program to familiarize them with our new tools and procedures and ensure their smooth transition to three-way
PDL International, a global provider of alternative investment services, has announced the UK launch of an innovative range of UCITS-compliant hedge funds.
The funds, which are regulated by the Financial Services Authority, are designed to deliver growth irrespective of market conditions and are available to both institutional and retail investors.
The funds are being distributed in the UK by PDL International on behalf of Swiss-based fund manager Salus Alpha. Formed in 2001 and with assets of over USUSD1.2bn under management, the company was the first to obtain UCITS status for a range of hedge fund products and has a
Just 11% of institutional hedge fund investors have stated that returns on their investments have exceeded expectations in the past 12 months, the latest Preqin study shows.
The proportion of investors that believe returns have exceeded, or been in line with, expectations has fallen by 11 percentage points to 60% since 2010. This is the lowest proportion in the past four years.
Some 19% of investors felt that returns had exceeded their expectations in 2010, compared to 11% in 2011 and 9% in 2008.
The proportion of investors that feel returns have fallen below expectations in 2011, 40%, is the
NYSE Euronext (NYX) has launched the CAC International 25 Index to increase the visibility of global firms listed in Paris.
The CAC International 25 Index reflects the performance of the 25 largest international companies[1] listed on NYSE Euronext in Paris based on total market capitalizations and local trading volumes. Index constituents are equally weighted.
This new index is calculated and published at the end of each trading day after the market closes. The CAC International 25 Index will be revised annually in September and rebalanced four times a year in March, June, September, and December.
“We are very
Man, one of the world’s largest listed hedge fund providers, has announced the launch of Man Long Short Fund, a new long/short equity fund of hedge funds with scheduled monthly liquidity in a Registered Investment Company format.
Man Investments (USA) LLC serves as the Fund’s investment adviser and is part of Man’s Multi-Manager Business which has approximately USD12.7 billion in funds under management globally as of 30 September, 2011.
Man Long Short Fund, available only to the high net worth clients of the top-tier broker dealers and advisers with an investment minimum of USD50,000, provides a transparent and liquid way
The Swiss Funds Association SFA supports the primary objectives of the partial revision of the Swiss Federal Act on Collective Investment Schemes (CISA). As part of the revision processes, it has submitted specific proposals for improvements aimed at safeguarding the competitiveness of Switzerland as an asset management location.
The SFA supports the objectives of the partial revision of the CISA: 1. to close gaps in the regulations, and 2. to bring it in line with the AIFM Directive so as to secure market access for the management, custody, and distribution of collective investment schemes. “We want to have the most
Many opportunities exist for the patient investor, says Thomas Becket, Chief Investment Officer, PSigma Investment Management…
We have just suffered the worst quarter for financial markets since 1928. Confidence is very low and markets are almost totally focussed on what might go wrong for the global economy.
The press and media certainly seem obsessed with trying to discover what the worst case scenario is for the global economy and financial markets. Whilst we are respectful of the downside pressures that remain for financial markets, we also believe that it is sensible to have a more balanced view of what might
The Lyxor Hedge Fund Index was down 2.86% in September. Year-to-date performance as of September 2011 is down 6.55%.
The top performing strategies over the month were Lyxor L/S Equity Short Bias Index (+2.67%), Lyxor CTAs Short Term Index (+2.29%) and Lyxor CTAs Long Term Index (+0.07%).
The Lyxor Hedge Indices are investable, asset-weighted indices, designed to offer investors straightforward access to hedge fund performance. The indices are based on Lyxor’s managed account platform that covers all the major hedge fund strategies and benefits from a high level of transparency and risk control, while ensuring weekly liquidity. The Lyxor Hedge
Investment Technology Group, Inc has released a suite of algorithms for futures. The ITG futures algorithms are available via ITG’s award-winning Triton® execution management system, through the ITG Matrix®front-end and API for derivatives trading, and also via FIX connection to ITG from third-party trading systems.
"These new algorithms provide a range of flexible strategies for investors seeking to take positions or hedge portfolios using futures," says Patrick Read, ITG’s Head of Derivatives. "In developing these futures algorithms, we leveraged our long history of creating best-of-breed tools for the asset management community."
The new algorithms are an enhancement to ITG’s existing
Kinetic Partners, a global professional services firm to the asset management, investment banking and broking industry, has appointed three new professionals to its consulting team.
Patrick Crumplin, Martin Duff and Emily Benson join the Firm’s highly-regarded regulatory consulting and compliance team and all three will be based in the firm’s London office. Kinetic Partners is also delighted to announce the appointment of Angela Liotta as Global Talent Director to the Firm.
Crumplin joins Kinetic Partners as a Director, specialising in regulatory and other financial investigations and litigation support. He has over 13 years of forensic accounting, litigation support and
