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As of 06/30/2011 the Salus Alpha Commodity Arbitrage VT heads the list of Salus Alpha Funds with 1.78% MTD-Return. The fund returned +1.78% in June to date and excellent +8.99% since the beginning of the year 2011.
The fund outperformed the Dow Jones UBS Commodity Index by 6.83% during the reporting period, which lost -5.05%, and it outperformed the S&P GSCI Index by 7.21%, which booked a loss of -5.43% in the reporting period. The 12 month rolling alpha of Salus Alpha Commodity Arbitrage to the S&P500 is 9% p.a., the 12 month rolling beta is currently -0.1. This implies that
Amida Capital Management II, LLC, a New York based investment manager, has hired Renata Cirne to assume the position of Chief Marketing Officer. Cirne will report to David Rich, Amida’s Founder and Chief Investment Officer.
“Renata’s solid business development and investor relations expertise will provide Amida with a dedicated focus in its continued effort to raise investor awareness. We are building out and strategically strengthening our marketing efforts. As Amida’s CMO, Renata will help us execute marketing and client service strategies focusing on institutional and consultant relationships, as well as wealth management firms and private banks,” says Rich.
Cirne brings
NYSE Euronext’s global derivatives average daily volume (ADV) of 8.8 million contracts in June 2011 represents an increase of 8.0% versus the prior year driven by a 19.7% increase in US options ADV and a 14.3% increase in European fixed income derivatives which offset a 14.4% decrease in European equity products ADV.
Cash equities ADV declined across all venues in June 2011, with European cash ADV decreasing 2.8% and US cash trading ADV decreasing 28.7% from June 2010 levels.
NYSE Euronext European derivatives products ADV in June 2011 of 4.6 million contracts decreased 2.1% compared to June 2010 and
No hedge fund firm today should be designated a “systemically important financial institution” by regulatory authorities, according to the Alternative Investment Management Association (AIMA), the global hedge fund association.
As the Financial Stability Oversight Council considers and is expected to clarify soon the criteria by which it will determine which non-bank financial companies may be deemed systemically important, and thus subject to increased regulatory scrutiny, including additional oversight by the Federal Reserve, AIMA re-iterated its strong belief that no hedge fund manager based or operating in the US or elsewhere currently poses a risk to financial stability.
“We believe that
NYSE Euronext (NYSE:NYX) shareholders have approved the adoption of the business combination agreement with Deutsche Boerse AG and related proposals.
The proposals, which required approval by a majority of the outstanding shares or in some cases majority of shares voted of NYSE Euronext common stock, were approved at a special shareholders meeting held today in New York. Based on preliminary results, approximately 96.09% of the shares present at the special meeting voted for the approval of the combination, representing 65.68% of NYSE Euronext’s outstanding common shares.
“We are delighted that our shareholders support the value inherent in this compelling
Paris-based investment manager Lyxor Asset Management has signed up to Calastone enabling its clients to transact electronically at zero cost into its alternative investment fund range using Calastone’s independent cross-border transaction network.
Calastone supports the investment funds industry by providing a transaction network for its fast growing global community of fund providers, distributors, wrap platforms, wealth managers, insurance companies, transfer agents, custodians and hedge funds. Calastone is the only venue where the global fund industry can meet to transact fund orders, irrespective of their size, geographic location, preferred messaging protocol, standard or technology.
Whatever the preferred format of a
Considering hedge funds themselves suffered losses in excess of 1 per cent in June, it is perhaps no surprise that alternative UCITS funds also failed to successfull
Merchant Capital this week announced the launch of a Russian equity l/s vehicle on its independent platform.
Morgan Stanley this week announced the latest addition to FundLogic Alternatives Plc – the US bank’s Dublin-based UCITS umbrella structure.
After reporting in last week’s newsletter that JP Morgan Asset Management had launched a UCITS version of their Nippon Neutral Strategy – Japan Market Neutral (UC
