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Cantor Fitzgerald & Co, has expanded its private securities business with the formation of Cantor Private Markets Group, offering clients alternative investment opportunities including private company stock, private real estate investment trusts, and private equity and hedge fund interests.
Expanding on Cantor’s equities and structured products divisions, the Private Markets Group will focus on servicing the growing institutional demand for securities in the private marketplace. Michael Guzman, Managing Director of the Group, will coordinate the Group and report to Global Head of Equities Jarred Kessler.
Cantor Private Markets Group streamlines the process for sourcing and selling alternative investments by
The Dow Jones Credit Suisse Core Hedge Fund Index saw less than half of the declines seen in broad equity indexes in September. Nevertheless, uncertain market conditions negatively affected all strategies.
Oliver Schupp (pictured), President of Credit Suisse Index Co, LLC, says: "The Dow Jones Credit Suisse Core Hedge Fund Index finished down 4.23% in September, bringing year-to-date performance to -7.84%.
"In the Event Driven space, losses mainly stemmed from relatively concentrated long equity positions related to special situations, while Global Macro managers declined following sharp reversals in precious metals, such as gold which posted its worst monthly loss since
NYSE Euronext has reported significantly increased trading volumes year-on-year across all venues, but mostly down sequentially from unseasonally strong levels in August 2011, which were driven by heightened market volatility in the US and Europe.
NYSE Euronext global derivatives ADV in September 2011 of 9.5 million contracts increased 23.2% compared to September 2010, but decreased 8.4% from elevated August 2011 levels.
NYSE Euronext European derivatives products ADV in September 2011 of 4.8 million contracts increased 13.5% compared to September 2010 and increased 7.0% from August 2011 levels. Excluding Bclear, NYSE Liffe’s trade administration and clearing service for OTC products,
Carne Global Financial Services has added to its team of independent directors in Luxembourg with the appointment of Thomas Nummer as Managing Director.
Nummer joined Carne last month from Allianz Global Investors Luxembourg SA, where he was Chief Risk Officer and was responsible for building the firm’s UCITS-compliant risk management system for its UCITS funds. His appointment also signals increased demand for experienced directors with risk management insights.
Nummer is an established figure in Luxembourg’s fund management industry, and is co-chair of ALFI’s Risk Management Committee. He is also a member of PRiM, Luxembourg’s risk management association.
John Donohoe (pictured),
Order book turnover on Xetra and the Xetra Frankfurt specialist trading stood at EUR131.6 billion in September – an increase by 26.7 per cent year-on-year (September 2010: EUR103.8 billion).
Of the EUR131.6 billion, EUR126.1 billion were attributable to Xetra (+28 per cent y-o-y, September 2010: EUR98.3 billion). EUR5.5 billion were attributable to the Xetra Frankfurt specialist trading, an small increase y-o-y (September 2010: EUR5.4 billion). Order book turnover on Tradegate Exchange* totalled EUR2.9 billion in September.
In equities, turnover reached EUR108.4 billion on Deutsche Börse’s cash markets (Xetra: EUR106.2 billion, Xetra Frankfurt specialist trading: EUR2.2 billion). Turnover in bonds was
In the first month of trading the AAM Mantis Program returned 2.49%, despite global economic problems.
Whilst Portfolio manager Stavros Loizou’s mandate allows him to take long and short positions in Equity Indices, Bonds and FX, the Mantis’ return in September came solely from long positions in individual equities. This impressive fact proves that an aggressive sell-off can present appealing opportunities; and Stavros’ over 20 years of trading experience has helped him spot them.
Loizou says: “Starting a new Program in the midst of a financial meltdown can sometimes be disconcerting. However, this is more the case for long term
INTECH Investment Management LLC (INTECH) has launched a suite of absolute volatility equity strategies, offering institutional investors the potential for both equity-like and above-market returns, at lower volatility than is associated with capitalization-weighted equity indexes.
These new strategies, Low Volatility and Managed Volatility, can be benchmarked to the Russell 1000 and MSCI World Indexes.
INTECH’s Low Volatility strategies seek to generate modest returns in excess of their respective cap-weighted benchmarks, over time, at significantly lower levels of absolute volatility and higher Sharpe Ratios. INTECH’s Managed Volatility strategies seek to generate more-aggressive returns in excess of their respective cap-weighted benchmarks,
Alexander Kinmont, who famously wrote “The Irrelevance of Japan&rdquo
Two former Rabobank traders, Chin Pu Ma and Chien Wang have just launched an Asia-focused opportunistic equity l/s hedge fund on
U.S. Bancorp Fund Services has named Gerald Barbara Pictured as senior vice president and alternative investment business development officer.
Barbara specialises in alternative investment administration and custody services and will work out of Wilmington, Del.
“We are excited to have Jerry join our growing alternative sales team. His overall experience adds to an already strong staff and complements our consultative support to our investment management clients,” says Bob Kern, executive vice president and director of sales and marketing at U.S. Bancorp Fund Services. “We are highly focused on growing our alternative business, specifically hedge fund, fund of funds, and private
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