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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
Trading in steel billet at the London Metal Exchange has rocketed in the first quarter of 2011, up 305 per cent compared with the corresponding period last year.
In the first three months of this year, 69,426 lots were traded (2010: 17,134 lots), equivalent to 4.5 million tonnes (2010: 1.1 million tonnes). Market open interest has also jumped by 11 per cent, to 2,674 lots at the close of 31st March (31st March 2010: 2,400 lots). The total notional value of all contracts traded in the first quarter was USD$2.5 billion.
Chris Evans, Head of Business Development at
The Hedge Fund Association (HFA) has appointed Victor Hugo Rodriguez (pictured) – CEO of LatAm Alternatives – as the Director of the Latin American Regional Chapter.
Marcia Rothschild, Head of BNP Paribas Securities Services Brazil, and Otavio Vieira, Managing Director/Chief Investment Officer of Safdié Gestão de Patrimônio (a wholly subsidiary of Banque Safdié), will serve as Co-directors of the Brazilian Chapter. Additionally, Juan Luis Rivera, Partner at Moneda Asset Management will be appointed as Director of the Chilean Chapter and Daniel Osorio, CEO of Andean Capital Management will take the reins as Director of the Colombian Chapter.
“The hedge
Law firm Conyers has promoted Gene DaCosta, Peter Ch’ng and Fawaz Elmalki to partner status across multiple jurisdictions as it boosts its presence in several regions.
Da Costa is a member of Conyers’ Cayman Islands investment funds team, Ch’ng is based in Conyers’ Bermuda office and practices corporate law with a focus on funds and insurance, and Elmaki is in Conyers’ Dubai office where, in addition to his funds expertise, he also has a considerable Islamic finance practice.
John Collis, Chairman of Conyers, says: “It is my privilege to announce Conyers’ new class of partners and to welcome these lawyers
Eze Castle Integration is to host a series of live and virtual events throughout April 2011 to share the keys to successfully launching a hedge fund. The seminars in New York, San Francisco and online will detail ways in which participants can attract investors and retain capital, the effect of regulations on new funds, and the technology solutions available to funds.
The first event, "Launching a Hedge Fund: 10 Keys To Success," will take place in New York City on April 7 and feature speakers from Eze Castle Integration, Jefferies & Company, Sadis & Goldberg, Topwater Investment Management and Protocol
Trading in options on the shares of Brunel International have started on NYSE Liffe, the Europe-based derivatives business of NYSE Euronext (NYX). The new listed options are intended to enhance the shares’ appeal to investors who wish to hedge their share positions and want to benefit from price fluctuations. The Brunel options were introduced on the Amsterdam market of NYSE Liffe.
Alan van Griethuysen, Business Head Benelux and Asia of NYSE Liffe says:
“By introducing the options on Brunel shares we enhance the number of AMX-Index companies with equity options. Brunel has taken its rightful place among the group
