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Brisbane headquartered Blue Sky Funds Management has taken the decision to open its Apeiron Global Macro Fund to outside investors, reports HedgeFunds Review.
US-based Viking Global Investors LP are planning to open a Hong Kong office reports AsiaHedge.
An online poll conducted by AsianInvestor that asked “Who is Asia’s most influential woman (non-service provider) in the alternatives sector?” has found that Joanne Murph
Otkritie, one of the largest financial groups in Russia, has bolstered its research team with the appointment of two senior Russian equity market specialists.
Vladimir Tikhomirov, who joins from Uralsib Financial, becomes senior economist at the firm, while Marat Ibragimov, who moves from Citi Investment Research, joins as senior consumer analyst.
They both start at Otkritie on 30 August. They will be based in Moscow and will report to Vladimir Savov, head of research at Otkritie.
Tikhomirov has over 25 years’ international experience and is one of Russia’s leading economists. He joins Otkritie from Uralsib Financial where he has
Fidessa group, a provider of trading, connectivity and market data solutions for the buy-side and sell-side, is providing connectivity to Chi-X Japan through its global FIX network.
This will allow users of Fidessa’s trading products, as well as clients connected to Fidessa’s global network, to access the liquidity and market data available from this new venue.
Chi-X Japan, a subsidiary of Chi-X Global, is the first Chi-X venue to launch in Asia and the latest proprietary trading system in the Japanese equity market.
Chi-X Japan’s matching engine serves as the foundation for the alternative trading venue for broker-dealers and
LCH.Clearnet has appointed Michael Davie as chief executive of SwapClear, its interest rate swap clearing service.
In this new role, Davie will lead the next phase of the development of SwapClear which will focus on ensuring the best possible products and services are delivered to the buy-side.
He will report to Roger Liddell, chief executive, LCH.Clearnet.
Liddell says: “Clients represent a large proportion of the global interest rate swap market. Michael’s appointment reflects our commitment to delivering OTC derivative clearing services to the buy side and of ensuring that SwapClear’s market leading offering evolves in line with their needs.”
Davie
Stanley Druckenmiller one of the world’s most successful hedge fund managers, decided to stepdown this week, telling investors in a full and frank letter, "For me the disappointment of each interim drawdown over the years has taken a cumulative toll that I cannot continue to sustain.”
Druckenmiller, who left Soros Fund Management ten years ago to develop his own firm, USD12bn Duquesne Capital Management, says he left Soros because, “the challenge of managing an enormous amount of capital was having a clear impact on my ability to perform, as well as my state of being, Unfortunately, as Duquesne has grown,
Stanley Druckenmiller one of the world’s most successful hedge fund managers, decided to stepdown this week, telling investors in a full and frank letter, "For me the disappointment of each interim drawdown over the years has taken a cumulative toll that I cannot continue to sustain.”
Druckenmiller, who left Soros Fund Management ten years ago to develop his own firm, USD12bn Duquesne Capital Management, says he left Soros because, “the challenge of managing an enormous amount of capital was having a clear impact on my ability to perform, as well as my state of being, Unfortunately, as Duquesne has grown,
Emerging markets hedge funds experienced a net withdrawal of USD1.5bn in the second quarter of 2010, according to figures released by Hedge Fund Research, a provider of hedge fund industry data.
This represents the second consecutive quarter, and the seventh quarter in the last eight, in which emerging markets hedge funds have experienced a net capital withdrawal.
Combining Q2 outflows with performance-based losses, total capital invested in emerging markets hedge funds declined by USD3.2bn, to end the quarter at just under USD95bn.
Emerging markets outflows reflect a significant decoupling from the overall hedge fund industry, which experienced a net capital
Managed futures gained 0.09 per cent in July, according to the Barclay CTA Index compiled by BarclayHedge.
Year-to-date, the Barclay CTA Index has lost 0.91 per cent.
“As market participants moved from a risk-avoidance posture to a more risk-seeking strategy in July, many traders were caught on the wrong side of a rally in global commodities,” says Sol Waksman, founder and president of BarclayHedge.
“Even with the negative impact of commodity losses on portfolio returns, July provided its fair share of profitable trades for CTAs.”
“The rally in wheat amid fears of shortages in Russia captured the attention of the
