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The Hennessee Hedge Fund Index declined 1.35 per cent in June, bringing its year-to-date performance to +0.20 per cent.
The S&P 500 decreased 5.39 per cent in June (-7.57 per cent YTD), the Dow Jones Industrial Average declined 3.58 per cent (-6.27 per cent YTD), and the Nasdaq Composite Index fell 6.55 per cent (-7.05 per cent YTD).
Bonds advanced, as the Barclays Aggregate Bond Index increased 1.57 per cent (+5.33 per cent YTD), due to increases in treasuries, investment grade and high yield bonds.
“The rebound from the worst recession since the 1930’s faces added risks from Europe’s debt
Lloyds TSB Corporate Markets has appointed Paul Osment as director for leveraged credit sales reporting to Martin Bates, head of capital markets sales.
In this newly created position, Osment will join the leveraged credit sales team covering banks and leveraged investors for both bonds and leveraged loans.
Osment has over 12 years’ credit sales experience having worked at Lehman Brothers, ABN Amro, BMO Capital Markets and latterly, Evolution Securities.
Bates says: “I’m delighted Paul is joining the leveraged credit sales team. As Lloyds continues to expand its capital markets platform and loan lending to core customers, it is important
Singapore Exchange and the Chicago Mercantile Exchange are extending their mutual offset arrangement to include the S&P CNX Nifty Index futures contract.
The addition, effective 19 July, allows round-the-clock trading of the contract as investors can offset Nifty futures positions in one exchange to the other.
The Nifty futures contract will be the fifth covered by the arrangement between SGX and CME, which has been in place since 1984. Other contracts covered by the arrangement are the Eurodollar, Euroyen, Yen Nikkei 225 and USD Nikkei 225 futures contracts.
Gan Seow Ann (pictured), president of SGX, says: “The addition of the
The Financial Reporting Council (the FRC) published the first UK Stewardship Code (the Code) for institutional investors on 2 July 2010. Sean Geraghty, Partner with Dechert LLP’s Corporate and Securities Group, outlines the purpose and implications of the Code.
In 2009, following Sir David Walker’s recommendation and a request from the Government at that time, the FRC agreed to publish a code for institutional investors and take responsibility for its oversight and future development.
After a detailed consultation process, it was decided that the new code should be based on the code on the responsibilities of institutional investors, issued by
Austrian managed futures firm, Superfund, has announced the closure of its Singapore office as the firm looks to consolidate its Asia presence.
Greenwich Associates, the US-based financial consultancy, has released a report highlighting the ne
Hong Kong-based Janchor Partners, run by John Ho, has topped USD100 million for its Jan
Deutsche Bank has seen a surge in its custodial services across Asia in 2010.
Tokyo-based Rogers Investment Advisors K.K., has won a USD90 million mandate from a Japanese institutional investor, bringing the firm’s Wolv
