Latest News
The Credit Suisse LAB Liquid Indices posted mostly negative performance in May, signalling a challenging month for hedge funds 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 May, finishing down 0.90% for the month," says Drachman. "The Credit Suisse Long/Short Liquid Index, which seeks to replicate the aggregate return of Long/Short Equity hedge funds, dropped 0.93% as equity markets fell amidst downgraded economic outlooks and disappointing first quarter
R Peter Sanchez (pictured) is to serve as Chief Executive Officer of Northern Trust Hedge Fund Services LLC following the closing of Northern Trust’s acquisition of hedge fund administrator Omnium LLC. Sanchez currently is Global Head of Business Development and Client Service for Omnium and has more than two decades of experience as an executive in capital markets and complex operational businesses.
“Peter’s leadership of Northern Trust Hedge Fund Services will provide continuity for clients as we combine Omnium’s highly regarded hedge fund services with Northern Trust’s global custody and fund administration capabilities in markets around the world,” says Peter
Jonathan Harris, Product Manager – Global Fixed Income, Schroders, looks at the current state of the UK gilt market…
Since the credit crunch, the UK economy has embarked upon a slow and steady path to recovery, despite strong headwinds, while gilt yields have struggled to return to levels that are more consistent with the current economic backdrop. Although there are some very valid reasons why UK gilts yields are so low, we are worried that the risks are skewed towards higher yields. The problem for gilt investors is that the transition from lower yields to higher yields means that prices fall,
Amundi this week reaffirmed its position as a pioneer in the absolute return space with a strengthened range of VaR products in response to the upcoming UCITS IV Directive.
Amundi was one of the first asset managers to launch a VaR absolute return fund over 10 years ago: VaR 2. Of the EUR690billion in AUM, approximately EUR14billion is held in absolute return assets giving it a 7.6 per cent market share. VaR, or Value at Risk, was first pioneered by Long Term Capital Management in the ‘90s to calculate the probability of portfolio losses. Amundi’s VaR portfolios
Barclays Wealth Investment Management has decided to launch a US equity multi-manager UCITS fund reported Citywire Global this week.
GAM’s Frontier Opportunities fund, managed by Sean Taylor, has closed with investor capital transferred to a new UCITS fund that can use both long and short po
AllianceBernstein has taken a big step forward by launching a UCITS fund that invests in RMB bonds issued outside of China, and other Asian bonds excluding Japan.
Citi has extended its partnership with Mirae Asset Global Investments (USA) to provide securities and fund services in support of the launch of the Mirae Asset Discovery Funds.
Global asset management companies are distributing products in a growing number of domiciles and are seeking to create efficiencies that reduce the costs of duplicate operations. Responding to this need, Citi created a custom solution of global custody, fund administration and middle-office operations to enable Mirae Asset to launch new funds without significant investment in operations infrastructure.
This mandate extends Citi’s partnership with Mirae Asset where it has provided global custody services
Sarasin & Partners has rolled out an ethical fund to join the firm’s EquiSar OEIC fund suite – the EquiSar Socially Responsible fund – w
The FG Solutions International, a provider of both traditional and electronic commodity futures and brokerage trading services, is expanding its alternative investment programs, particularly the firm’s managed futures account ,which will take effect immediately.
The managed futures program will focus on providing expertise in forex and risk management investment solutions. The new expansion program will match with the firm’s online-based forex trading service, taking advantage of its current round-the-clock trading operation and risk management expertise of its well-established professional trading specialists.
Jack Wallace, FG Solutions International’s Global Head for Marketing and Sales Division, has been given full responsibility for creating,
