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The Credit Suisse LAB Liquid Indices posted negative performance in June according to Dr Jordan Drachman (pictured), Head of Research for Alternative Beta Strategies at Credit Suisse.
"The Credit Suisse Liquid Alternative Beta Index ("CSLAB"), which aims to reflect the performance of the overall hedge fund industry, generated negative performance in June, finishing down 0.58% for the month," says Drachman. "Of the five LAB Liquid Indices, Event Driven saw the most significant decline, finishing down 1.43% as equity markets continued to fall amid uncertainty regarding Greek Debt." Drachman continued, "June also marked the three year anniversary of our Long/Short Liquid
Allonhill, an independent third-party review firm specialising in mortgage due diligence and credit risk management, has appointed Jennifer LeSueur as managing director of due diligence.
LeSueur, a 25-year mortgage industry veteran, is responsible for overseeing Allonhill’s private-sector due diligence operations.
“Jennifer will be a key factor in prepping Allonhill’s due diligence operations for growth as securitizations reemerge,” says Sue Allon, Allonhill CEO and founder. “Her extensive industry experience coupled with her proven ability to improve operational processes will be critical to our success.”
LeSueur brings more than 25 years of experience in the mortgage banking industry. Most recently,
Securities and derivatives trading on the Singapore Exchange was up year-on-year in June with total turnover rising 8% to $28.1 billion. Securities daily average value was $1.3 billion.
Exchange traded fund turnover increased 68% from a year earlier to $795 million, while derivatives total volume increased 17% year on year to 6.1 million contracts, with a daily average volume of 281,252 contracts.
China A50 futures trading rose 21% from May to 223,079 contracts while MSCI Taiwan futures volume was 25% up from a year earlier at 1.6 million contracts. Nifty futures volume was 48% higher from a year earlier at
Quality Capital Management (QCM), the UK-based systematic macro hedge fund manager, has established an office in Tokyo, headed by Osamu Nishimura, Head of Business Development for Japan. The official opening of QCM’s office in Japan enables the firm to further develop its investor base in Japan and the wider Asia Pacific region.
Osamu Nishimura is responsible for QCM’s investor relations and business development operations in Japan. Nishimura has 19 years experience in the finance industry and was formerly with Itochu Corporation for 12 years. His experience spans senior positions within financial derivatives trading, hedge fund investments, funds marketing and distribution.
Khan Investment Management is to launch the Khan Mongolia Equity Fund in August to capitalise on the growth opportunities in Mongolia and provide investors with both diversified and liquid exposure to one of the world’s most resource rich and fastest growing economies.
"Mongolia is forecast to have the fastest growing economy in the world over the next decade. Growth will be primarily driven by the development of the nation’s mining sector, which includes some of the world’s largest coal, copper, gold and uranium deposits," says Travis Hamilton, Managing Director of Khan.
Prior to founding Khan, Hamilton was a Director
Specialist finance and advisory firm Trafalgar Capital Advisors (TCA) has appointed Len Harac to the advisory board and as a member of the valuation committee, which is now comprised of a majority of external members.
Since 1985 Harac has been president of his own strategic and tactical business advice firm and in this time has been retained by a host of listed, high profile companies. His skills have been honed through over 25 years’ industry experience and he has gained a reputation for excellence throughout his career, being formally recognised on a number of occasions.
"Len will be a
Merchant Capital Ltd (Merchant), the asset management division of Merchant House Group Plc, has launched the Russian Phoenix UCITS Fund on its independent UCITS umbrella platform. The fund officially launched on 2nd June 2011 with SGD40 million of assets under management.
The Russian Phoenix UCITS Fund replicates the strategy of an existing long/short product managed by Spectrum Partners Group, the Spectrum Russian Phoenix Fund, which has a two-year audited track record. The strategy follows a thematic investment approach with active stock-picking aiming to identify investment opportunities with a favourable risk/reward profile. It predominantly invests in large-cap equities actively traded in
AMP Capital Investors has selected MSCI’s BarraOne for firm-wide multi-asset class investment risk management.
AMP Capital Investors is one of Asia Pacific’s leading investment managers with over 50 years of experience managing investments for Australian, New Zealand and international investors. AMP Capital’s Investment Risk team has chosen BarraOne as a key tool to help monitor risk and produce unified reports across multiple asset classes. The firm’s portfolio is highly diversified including active equities, fixed income, real estate, infrastructure, alternative investments, multi-asset and multi-manager portfolios.
AMP Capital said that given its broad range of investments, BarraOne was an immediate stand out
Marex Spectron Group has agreed to acquire the Global Markets Division of Eden Financial Limited (Eden) in a transaction that is expected to complete on or soon after 29 July, 2011. Following the transaction, Eden will concentrate its activities on its expanding private client and asset management division.
Marex Spectron has a leading position in On-Exchange metals, energy and agricultural products and Over-the-Counter energy markets. The acquisition of Eden’s Global Markets Division adds greater depth to Marex Spectron’s financial products, complementing its financial futures and foreign exchange businesses. In particular, the Global Markets Division adds non-derivative products, including European cash
Asset class performances were as hard to predict as ever during the first half of this year. While the global economic outlook has been more favorable than previously, sources of risk have shifted continuously, says Stefan Keller (pictured), head of MAP research and external relations at Lyxor Asset Management. As a result, unexpected shocks have derailed trends at work since the announcement of QEII end-August 2010. The unrest in the Middle East and North Africa has been on nobody’s agenda while the earthquake, tsunami and nuclear fallout in Japan were, by definition, unexpected.
Commodity Trading Advisors (CTAs) have given back
