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Managed futures gained 0.16% in August according to the Barclay CTA Index compiled by BarclayHedge. Year-to-date, the Index remains down 0.51%.
“Increasing volatility across global markets provided profitable opportunities for most of the major sectors,” says Sol Waksman (pictured), founder and President of BarclayHedge.
Six of Barclay’s eight CTA indices had gains in August. The Barclay Diversified Traders Index was up 1.19%, Discretionary Traders gained 0.96%, Systematic Traders added 0.60%, and the Agricultural Traders Index rose 0.57%.
“Global equity markets declined sharply as fears of Lehman redux took hold,” says Waksman. “The rally in bond prices proved to be
Two Guernsey firms are merging to create the largest independent fund administration business in the island. In the 50:50 deal, described as a merger of equals, Anson Fund Managers Limited and Bordeaux Services (Guernsey) Limited will join forces and trade under the Anson name.
Peter Radford of Bordeaux, who will be Chief Executive Officer of the merged entity, believes that the move will provide critical mass and, importantly, enable the business to remain independent. Anson principal John Le Prevost (pictured above right with Radford) will become a Senior Director and Professor Richard Conder will become the new chairman of Anson
Most hedge fund strategies experienced widespread and significant losses in August, contributing to a 3.42% fall in the Barclay Hedge Fund Index compiled by BarclayHedge. Year-to-date, the Index is down 2.50%.
“In what has been the worst month since Lehman’s failure in September 2008 when hedge funds dropped 6.99 percent, more than 83 percent of the 3,120 funds that have so far provided us with an August return have reported a loss,” says Sol Waksman (pictured), founder and President of BarclayHedge. “The Barclay Hedge Fund Index is now in negative territory for the first time in 2011.”
All but one of Barclay’s
Investment Technology Group, Inc. (NYSE: ITG), a leading agency research broker and financial technology firm, has launched algorithms for Mexican equities, including the proprietary Active algorithm, which has been customized for the structure and spread profile of the Mexican market.
The algorithms are available via ITG’s award-winning Execution Management System, Triton, as well as other widely used trading platforms and via FIX connection.
“Regulatory and technological changes are accelerating the move towards electronic trading in Mexico, and our tailored algorithms provide a valuable new tool for institutional asset managers seeking to access that market,” says Jeff Bacidore, Managing Director and
BNP Paribas Securities Services is extending its collateral management service to include centrally-cleared over-the-counter (OTC) derivatives introduced by new regulation, helping institutional investors reduce the associated costs and complexities.


Institutional investors have historically been used to dealing with “normal” non-centrally cleared OTCs. However, the introduction of the Dodd-Frank Act in the US and European Market Infrastructures Regulation is set to drive a significant amount of OTCs onto electronic platforms and cleared by central counterparties.


Delivered via a real-time view of both centrally and bi-laterally cleared trades, BNP Paribas’ service helps institutional investors manage both collateral and risk measurement across multiple
The Securities and Exchange Commission announced that on 14 September 2011, the Honourable Lawrence E Kahn, United States District Court Judge for the Northern District of New York, entered a default judgment against Defendants Christopher W. Bass, Swiss Capital Harbor-USA, LLC, Swiss Capital Harbor Fund A Partners, L.P., Swiss Capital Harbor Fund B Partners, L.P. and Swiss Capital Harbor Fund C Partners, L.P. (collectively, the "Defendants").
The default judgment permanently enjoins the Defendants from future violations of Sections 5(a), 5(c) and 17(a) of the Securities Act of 1933, and Section 10(b) of the Securities Exchange Act of 1934 and
Most hedge fund strategies were impacted by reverses in global stock markets in August, according to the latest performance figures for the EDHEC-Risk Alternative Indexes.
Besides Short Selling, the only profitable strategy in August was CTA Global (+0.27%), which, like the commodities market, managed its smallest change over the past fourteen months. The plummeting convertible bonds and shrinking credit spread heavily penalised the Convertible Arbitrage strategy (-2.09%), which recorded a fourth consecutive month of losses and its worst since May 2010. Despite its limited exposure to the stock market, the Equity Market Neutral strategy (-1.64%) took an unusually heavy blow.
CAIS, a New York-based financial technology company providing an independent, alternatives investment platform to the wealth management industry, has appointed Landon A Stone has joined as Chief Operating Officer and General Counsel.
Stone is responsible for legal, compliance and operational matters at CAIS, and will also serve as a Member of CAIS Capital LLC, the firm’s FINRA-registered broker-dealer. His addition will strengthen the CAIS team as the firm continues to expand. 

"We are very pleased that Landon has joined CAIS. His expertise in the alternative investment industry and knowledge of wealth management will be a valuable addition to the
“I don’t think there should be any service provider directors sitting on the board of a fund,” Charlotte Valeur (pictured) tells Hedgeweek. As the founder of Brook Street Partners and the Global Governance Group, Valeur wields considerable influence in terms of promoting better governance and best practices within the investment community. This is further strengthened by the fact that she’s the chairperson of Brevan Howard Credit Catalysts, a listed fund on the LSE that acts as a feeder to the BHCC Master Fund.
With institutional investors accounting for most new capital flowing into hedge funds today, one of their biggest
Man Group plc is strengthening its investment management presence in Asia with the appointment of David Mercurio as Head of Asia Equity and co-Head of Global Equity Strategies reporting to Pierre Lagrange. David, who has 17 years of investment experience, joins from the Government of Singapore Investment Corp (GIC), where he was a senior portfolio manager.
At the same time, Pierre Lagrange (pictured), Senior Managing Director of GLG and Executive Committee member at Man, takes on the role of Chairman of Man Asia, in addition to his responsibilities for managing GLG’s global long only and long short equity portfolios out of London. This
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