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The RBC Hedge 250 Index had a net return of -2.41 per cent in August., bringing the year-to-date return of the Index to -1.45 per cent.
These returns are estimated and will be finalised by the middle of next month. The return for July 2011 has been finalised at 0.34 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 4,177 hedge funds (excludes funds of hedge funds) with
JP Morgan has been selected by investment management firm FFCM LLC to provide a suite of securities services, including fund administration, fund accounting and custody, along with prime custody services, for its newly launched family of equity ETFs, QuantShares.
The QuantShares ETFs will be “market neutral,” holding both long and short positions in approximately equal dollar amounts. They are among the first ETFs that will engage in shorting physical securities. FFCM LLC has also chosen JP Morgan Clearing Corp as prime broker for four of its seven new funds.
“We are pleased to be launching these funds that will leverage JP
Jersey Finance has welcomed the news that the EU Code of Conduct Group has given its approval to Jersey’s proposed amendments to its business tax regime.
The Group met yesterday (13th September) and announced that they accepted moves made by Jersey to remove the deemed distribution and attribution elements of the ‘zero-ten’ regime – elements they had deemed harmful – in order to fully satisfy the Code’s criteria. It now remains for the Group’s decision to be ratified by ECOFIN in December, when the Polish Presidency comes to an end.
Geoff Cook (pictured), chief executive, Jersey Finance, says: “This is
London headquartered hedge fund TT International, founded in 1988 by Tim Tacchi (pictured) and co-headed by Mark Williams, is preparing to shutter
Stefan Nilsson (pictured), master networker and found
Citigroup continues to bolster its prime brokerage capabilities in Asia by hiring David Murphy from Deutsche Bank AG to head up its APAC prime f
Cliff Asness’s Connecticut-based AQR Capital Management has seen significant new assets flow into its two-year old Australian hedge fund over the la
It was one of the biggest hedge fund launches Asia had ever seen back in April.
The Lyxor Hedge Fund Index was down 2.19% in August. Year-to-date performance as of August 2011 is down 3.80%.
The top performing strategies over the month were Lyxor L/S Equity Short Bias Index (+5.55%), Lyxor CTAs Short Term Index (+2.21%) and Lyxor Fixed Income Index (+0.26%).
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
The Depository Trust & Clearing Corporation (DTCC) and Clearstream are to establish a strategic partnership to support the bilateral loan (also known as credit claims) and syndicated loan markets.
Clearstream will leverage DTCC’s Loan/SERV Reconciliation Service and begin to offer it in the first half of 2012. They also will develop bilateral loan services, building on DTCC’s existing Loan/SERV platform and integrated with Clearstream’s collateral management platform.
DTCC’s Loan/SERV Reconciliation Service automates the reconciliation process and enables agent banks and lenders to view and reconcile syndicated loans on a daily basis. Under the strategic partnership, DTCC and Clearstream
