Latest News
Independent global markets and financial advisory firm StormHarbour has made two senior appointments to its team in Hong Kong: Hong H
Zen Investment Management Co is cutting its position on commodities by 30 per cent with a likely view to commence buying China and US stocks reported Bloomber
By Rosemary Wynne – One of the unique features of the Channel Islands Stock Exchange (CISX) is its Membership structure. In its short history, the CISX has more than doubled its membership – from twenty-four Founder Members at the launch of the CISX, to 57 Members twelve years on.The growing number of Members is very gratifying and demonstrates that the business model upon which the Exchange was based is as relevant today as it was at inception. Bulletin Board offers a special insight into the CISX business model.
Whilst there is no doubt that the CISX has fulfilled its
Long-short, emerging market, total-return specialist Finisterre Capital has appointed two new Portfolio Managers, Maxim Safonov and Rahul Sharma.
Safonov has joined the Finisterre Global Opportunity Fund, where he will be responsible for FX and local rates trading. He joins Finisterre from FrontPoint Global Macro Emerging Markets Fund, where he traded rates, credit, FX, equities and commodities. He began his career at ING Bank in Moscow, where he became Head of Financial Markets and Deputy Chairman of the Board. He then joined HSBC, first in Moscow and then in London, where he was Head of Local Markets Trading for Russia and
BNY Mellon Alternative Investment Services (AIS) has topped USD400 billion in assets under administration, making it the second largest provider of solutions to hedge funds, funds of hedge funds, and private equity investments globally.
Since 2008, BNY Mellon AIS has doubled its alternative assets under administration, fuelled by increased market share and its acquisition of PNC’s Global Investment Servicing business last July. The company has seen growth both in the number and complexity of fund structures serviced, plus strong demand for its ‘prime custody’ offering as more hedge fund managers opt for an independent third-party provider to handle custody,
Managed futures gained 2.55% in April according to the Barclay CTA Index compiled by BarclayHedge. Year-to-date, the Barclay CTA Index is up 2.07%.
“Investor zeal for risk was demonstrated again in April as prices for equities, non-US currencies, and commodities moved higher,” says Sol Waksman (pictured), founder and president of BarclayHedge. “A weakening US dollar and demand from Asia were driving factors.”
All eight of Barclay’s CTA indices made gains in April. The Barclay Diversified Traders Index advanced 3.46%, Systematic Traders added 3.20%, Currency Traders gained 1.64%, and the Agricultural Traders Index was up 1.07%.
“Although the Reuters-CRB Index increased
In April, after a pause in March, the stock market resumed its strong upward trend, as illustrated by the notable performance of the S&P 500 index (+2.96%), which has significantly outperformed the hedge-fund industry over the past few months. Similarly, implicit volatility continued to wane (14.8%) and reached its lowest level for the past four years.
On the fixed-income market, after a mildly positive result in March, convertible bonds (+2.68%) scored well again, and were joined by regular bonds (+0.86%), which ended a series of five months of losses with a significant profit. The commodities market (+4.57%) continued its persistent
Hedge fund industry leverage declined in the last 12 months, according to the HFR Leverage Report, released by Hedge Fund Research, Inc. Leverage declined as investor inflows and less volatile performance gains combined to increase global hedge fund industry assets to a record USD2.02 trillion.
Average standard leverage decreased across all hedge fund strategies from 1.27 to 1.10 times investment capital, while average margin to equity also declined, falling from 17.13 to 16.98 per cent, year over year. The per centage of funds which do not typically utilise leverage rose to approximately one third of all funds, an increase of
Barclays Capital and HFR Asset Management, LLC, (HFR) have announced the launch of a managed accounts relationship. The combined effort brings together HFR Group’s market leading managed account platform and client tools with Barclays Capital’s extensive distribution, structuring and fund-linked product expertise.
Under the arrangement, Barclays Capital will be able to offer its clients risk management and financing solutions linked to managed accounts on the HFR platform through a variety of bespoke delivery mechanisms including UCITS funds, certificates, notes, swaps and unit trusts. With more than 1,000 hedge fund strategies available, the HFR platform provides access to leading hedge fund
Renaissance Capital has selected Imagine Software’s award-winning hosted ASP service for real-time portfolio and risk management. Renaissance Capital is a Moscow-based firm managing cash equities, listed options, OTC options, futures, structured finance, and index products with a specific focus on emerging markets. The firm sought a reliable, proven risk management platform to improve efficiencies globally.
“We selected Imagine because its agility, global reach and customisation capabilities deliver the quality risk management we seek,” says Chris Carter, Global Head of Derivatives Trading. “Imagine’s user-friendly interface requires less training and its availability as a hosted service means I have real-time access
