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The Scotia Capital Canadian Hedge Fund Performance Index finished October 2010 up 3.69 per cent on an asset weighted basis and up 2.80 per cent on an equal weighted basis.
The index performed in line with broader equities, and outperformed broader hedge fund indices on both an asset and equal weighted basis.
Broader capital markets continued to rally in October. Stable macroeconomic indicators, generally favourable Q3 earnings results and expectations for an ongoing low interest rate environment kept market participants’ attention geared towards risky assets.
In the US, the S&P 500 rallied 3.69 per cent, with gains in nine of
ABN Amro Clearing clients can now access Forex markets via tick-TS’ (tick Trading Software) own multi-asset platform, TradeBase MX, due to the recent connection of the Currenex platform.
“This makes TradeBase MX an excellent integrated tool for our high frequency clients to access our internalised, low latency liquidity pool from this multi-asset platform,” says Andrew Gibson, sales manager-FX products at ABN Amro Clearing.
In addition to the front-end features offered by TradeBase MX, ABN Amro Clearing clients can also make use of the TBMX application programming interface (API).
Oliver Wagner, chief executive of tick Trading Software, says: “For us, the
Hedge funds gained 2.02 per cent in October, according to the Barclay Hedge Fund Index compiled by BarclayHedge.
Building on September and October gains, the index is up 7.24 per cent year-to-date, nearly matching the 7.84 per cent gain by the S&P 500 Index.
“Following a rough patch in May and June, hedge funds have gained 7.20 per cent over the past four months,” says Sol Waksman, founder and president of BarclayHedge. “Over 78 per cent of the funds that have reported returns from January through October are profitable in 2010.”
All but one of Barclay’s 18 hedge fund indices
Rayan Asset Management will once again represent Russell Investments in the Middle East.
Rayan Asset Management and Russell Investments joined forces in 2002 and this union will continue into 2011 and beyond.
Pascal Duval, executive managing director, EMEA at Russell, says: "Russell views the Middle East as a region of great potential for international investors, and we are dedicating resources to research investment opportunities with world-class local talent. This will lead to the creation of specialised investment vehicles. We look forward many more years’ success working with Rayan to bring market-leading solutions to investors across the region."
Farid Bedjaoui, Rayan’s
The Newedge CTA Index rose by 2.74 per cent in October and is up 9.02 per cent year-to-date.
Nine out of ten Newedge hedge fund indices posted positive performances in October.
The strongest performing index was the Newedge CTA Trend Sub-Index, which rose by 5.12 per cent.
The Newedge AlternativeEdge Short-Term Traders Index fell by 0.49 per cent, bringing its year-to-date performance to +0.97 per cent.
The Newedge CTA Index top performance for the month of October included Chesapeake Capital (Diversified), up an estimated 10.95 per cent; Graham Capital Management (K4D-15V), up 5.00 per cent; and Aspect Capital (Diversified Fund),
Advent Software, a provider of software and services to the investment management industry, has hosted a series of events to educate firms on the impact of cost basis legislation and what they can do to prepare.
Over 2,000 investment professionals took part in the events, which have included several live webcasts as well as panel discussions in New York, Boston, San Francisco and Las Vegas.
To determine the potential impacts of the new cost basis legislation to investment management firms, Advent conducted a survey of its clients. According to the results almost 75 per cent of firms think the new
Credit Suisse has launched the Asset Management Tactical Quarterly, a series of publications intended to provide views on the trends shaping today’s financial markets.
The Tactical Quarterly will offer insights into specific areas of the alternatives space, such as hedge funds, private equity, credit strategies and commodities, from Credit Suisse’s portfolio managers and business leaders within the asset management division.
The first edition examines equity markets’ dynamics, thematic trading insights for relative value and tactical hedge funds managers, and recent developments in credit and distressed investments.
High correlations and lack of directionality in global equity markets hampered stock pickers and
The Kenmar Group and the Royal Bank of Scotland have launched what they believe to be the first ever commodity fund of funds in a Ucits III format.
The Market Access III Kenmar Liquid Commodity Index Fund seeks to provide investors with the performance of a diversified portfolio of commodity managers with reduced downside volatility versus typical long-only commodity indices, achieved by the long/short nature of the underlying managers.
Marc Goodman and Ken Shewer, co-chief executive officers and co-chief investment officers of Kenmar, said: “We are delighted to team up with RBS in offering an innovative investment solution for
The highest average trade price in six months may signal the return of stability to the secondary hedge fund market, according to the October edition of the Hedgebay index.
October’s average of 81 per cent is the second consecutive monthly rise shown by the index, after averages of 74 per cent and 78 per cent in August and September respectively.
Though still some way off the year-to-date peak of 91 per cent, October’s figures show that the hedge fund market is moving steadily in the right direction.
The last six months have been characterised by volatile trading patterns, and Hedgebay
Deal activity in the financial services sector is showing signs of recovery as bank restructuring continues to accelerate and private equity firms start to play a bigger role in the sector again for the first time since the economic crisis.
According to the forthcoming European Financial Services M&A Insight report due to be published by PricewaterhouseCoopers, bank restructuring remains the central driver of financial services deal activity, accounting for EUR13bn of deals in the third quarter, up from EUR6bn in the previous quarter.
This increase in activity aided an overall surge in deal values across the sector to EUR17bn in
