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The first two months of 2011 weren’t great for Asian hedge funds (Japan aside), recording losses in both, but preliminary figures for Mar
Fidessa group plc (LSE: FDSA), provider of high-performance trading, market data and global connectivity solutions for the buy-side and sell-side, has today announced the launch of its Mexican trading platform. The platform will provide market participants with all the features necessary for compliant multi-asset trading under Mexico’s new trading regulations, which include routing and prioritisation rules. The new regulations were introduced in order to make trading and connecting with the Mexican Exchange (Bolsa Mexicana BMV) easier, accelerate the drive to more automated trading solutions and bring Mexican market trading in line with international standards.
Alice Botis, Head of Business
Carne Global Financial Services has added a senior figure in the Irish funds industry to its growing list of experienced independent fund directors. Mary Murphy joins Carne as a Managing Director, Alternatives, and will be based in the firm’s Dublin office.


Murphy is a well-known figure in the Irish funds business, having been a founder and a member of the senior management team at International Fund Services (Ireland) Limited, a State Street company (IFS). From IFS’ launch in 1996, she focused on the growth of its hedge fund administration business and more recently on State Street’s private equity fund services
EDHEC-Risk Institute hosted an exclusive reception this week at its newly-opened London premises to mark the launch of EDHEC Risk Institute–Europe.
The event, attended by chief executive officers and senior representatives of financial institutions, was opened by Olivier Oger, Dean of EDHEC Business School and Professor Noël Amenc, Director of EDHEC-Risk Institute and underlined the relevance of research conducted by EDHEC-Risk Institute for financial institutions and end-investors. With the support of the financial Industry, EDHEC Risk Institute–Europe aims to continue to be the leading academic institution fostering innovation and high professional standards in the investment industry. The opening of the
Investors are anticipating that UCITS III funds will receive more than USD185bn in inflows over the next year, according to a recent survey by Deutsche Bank. Having had a UCITS III Long/SHort equity fund available since 2007, plus several new UCITS III hedge fund strategies in the pipeline, Salus Alpha is well placed to benefit from what could be a doubling in size of the sector over the next year.
“We started the wave of UCITS III hedge funds since we have been the first one to launch a UCITS III Long/Short Equity fund in 2007. When lobbying towards CESR
NYSE Euronext’s global derivatives average daily volume (ADV) was 9.2 million contracts traded per day in March 2011, an increase of 11.9% versus the prior year.
The increase in global derivatives ADV versus prior year levels was driven by a 22.8% increase in US equity options ADV and a 3.2% increase in European Derivatives ADV. Cash equities ADV in March 2011 was mixed, with European cash ADV increasing 44.0% and U.S. cash trading volumes decreasing 2.1% from March 2010 levels.
Euronext European derivatives products ADV in March 2011 was 4.8 million contracts, an increase of 3.2% compared to March
Gemini Fund Services’ Northern Lights Fund Trust has reached USD5 billion in assets under management, including more than USD1 billion in assets added in the past three months.
"Gemini’s mission is to serve as a full partner, and resource, to advisors looking to develop pooled investment products. We enable advisors to focus on managing portfolios and raising assets, while reducing the costs of bringing their products to market," says Andrew Rogers (pictured), President of Gemini Fund Services. "Our Northern Lights Fund Trust is experiencing robust growth as new funds continue to launch and existing funds add new share classes. Managed
Wealth and alternative asset management group Peregrine Holdings has added André Tonkin to its capital introduction team.
Tonkin joins Peregrine from Old Mutual Corporate where he was the market actuary responsible for creating customised investment solutions for the institutional market. At Peregrine, Tonkin will focus on the South African and international institutional market, working with existing team members Leila Kuhlenthal and Felicia Mlanjana.
“We are excited to have André join our team as the South African institutional market starts to react positively to the opportunities which the hedge fund industry offers now that Regulation 28 has recognised this
GAIN Capital Holdings, Inc (NYSE: GCAP), a provider of online trading services, today, has opened an office in Singapore to expand business development efforts in Asia for GAIN GTX, the company’s institutional electronic communications network (ECN).
The GAIN GTX ECN is designed for institutional traders such as banks, hedge funds, asset managers, CTA’s and high frequency trading companies. GAIN GTX provides a fully anonymous trading environment with advanced algorithmic trading capabilities, sophisticated order management and routing tools and access to foreign exchange liquidity through an extensive network of prime broker relationships. Aside from the ECN, GAIN GTX also offers an
Hedge fund managers remain bearish on US equities, according to the TrimTabs/BarclayHedge Survey of Hedge Fund Managers for March.
About 36% of the 77 hedge fund managers the firms surveyed in the past week are bearish on the S&P 500, down from 40% in February, while 28% are bullish, up from 26%.
“While hedge fund managers remain bearish, hedge fund investors are showering them with fresh cash,” says Sol Waksman, founder and President of BarclayHedge. “Hedge funds posted the heaviest inflow on record in February, which probably owes in part to superior performance. The Barclay Hedge Fund Index has
