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Alternative asset manager Oakley Alternative Investment Management is broadening its range of strategies with the launch of Oakley Opportunities Fund.
The Oakley Opportunities Fund is the second fund of funds from the firm following the Oakley Absolute Return Fund.
It aims to generate high absolute returns over time by running a concentrated, thematic portfolio, investing across selected hedge fund strategies and investment themes.
It will have up to five key themes at any one time, typically invested across ten to 12 underlying funds.
The fund launched on 1 July in response to client demand for a more concentrated, purely thematic
Xtrakter, a provider of over-the-counter post trade services and data to the capital markets, is entering into consultation with members of its user community and other market representatives to discuss the development of a European managed trade repository for all asset classes.
Yannic Weber, chief executive officer of Xtrakter, says: “Xtrakter has a long established history of operating a data repository and is already the leading source for OTC fixed income data in Europe. We currently provide a range of regulators, aggregators and end clients with trade matching, transaction reporting and data services.
“Given our position as a major reporting
Woodbine Associates has appointed Sean Owens as director, fixed income/derivatives.
Owens will focus on analysis of strategic, business, regulatory, market structure and technology issues in the fixed income and derivatives markets.
He will also lead consulting engagements for firms impacted by such issues.
Owens has more than ten years’ experience in the fixed income and currency markets as a derivatives trader. During that period, he was vice president at Gen Re Securities where he traded, structured and managed the risk for trading books within the major currencies. He also has consulted with a range of businesses on strategic and
NYSE Euronext has migrated the NYSE Arca options and NYSE Amex options markets to the Universal Trading Platform.
This migration marks a step in the expansion of the Universal Trading Platform, NYSE Euronext’s end-to-end trading solution.
It follows the migration of the NYSE Arca equities market in January.
NYSE Euronext says its US options trading customers will now benefit from improved performance, while still maintaining the ability to trade options on separate market models with unique attributes.
Customers can continue to choose between the price-time priority model on NYSE Arca and the more traditional pro-rata/customer priority model on NYSE Amex.
Copia Capital, a Chicago-based investment adviser, has completed the transition of operational responsibilities away from FrontPoint Partners, launching the firm with USD520m in assets under management.
FrontPoint is an asset management firm specialising in absolute return strategies.
Since 2002, Copia has acted as investment adviser for FrontPoint’s utility and energy exposures. FrontPoint will remain a strategic investor with Copia, and Copia will continue to manage assets for FrontPoint.
The launch completes Copia’s transformation into an independent, full-service investment adviser. As part of this development, the firm has broadened equity ownership among its partners. Copia’s new status has also
Building on decent absolute performance in the second half of 2009, funds of hedge funds managers have continued to improve liquidity in portfolios, maintaining significant allocations to long/short equity hedge and global macro, according to the latest review published by Standard & Poor’s Fund Services.
“FOHFs managers have taken a variety of steps to improve liquidity in portfolios, including investing with hedge fund managers by way of managed accounts, restricting investment to the more liquid strategies, and setting up new funds of funds that invest in Ucits III-regulated products,” says S&P Fund Services lead analyst Randal Goldsmith.
Reacting to these
BNY Mellon Clearing will become a clearing member of the International Derivatives Clearinghouse, a derivatives clearing organisation regulated by the US Commodity Futures Trading Commission.
With this membership, BNY Mellon Clearing will be able to offer its clients central counterparty clearing of interest rate derivatives, which are an important financial risk management tool for corporations, investors, and municipalities.
BNY Mellon clients and their market makers will be able to continue to execute interest rate derivatives in the well-established OTC market.
With this new membership, clients will also be able to benefit from counterparty credit risk mitigation, special bankruptcy provisions related
The AlphaShares Chinese Volatility Index slipped 9.07 per cent in June to finish the second quarter at 27.61, after starting the year at 24.22.
By comparison, the CBOE S&P 500 Volatility Index climbed an additional 7.70 per cent to 34.54, while implied volatility as represented by the Euro Stoxx 50 Index closed the quarter at 34.32 – levels 20 per cent higher than in China, the largest divergence in these indices since April 2005.
The CHIX/VIX spread ended the month at -20.07 per cent, with the CHIX trading lower than the VIX every day except 2 June. The last time
Woodsford Capital Management, a Singapore-based investment manager, has selected LaCrosse Global Fund Services as its full-service administrator.
Founded in Singapore in 2010, Woodsford manages the assets of the Woodsford Relative Macro Fund, which invests in equity, fixed income, currency and commodity markets across the world based on macroeconomic analysis.
Zhijian Wu, chief executive officer of Woodsford, founded the firm after working at ED&F Man, the commodity trading company, where he spent two years in London on the global trading desk developing and implementing trading strategies in futures and options. He returned to Singapore in 2007 to manage the Asian trading
G2 Investment Group, the asset management firm started by J. Todd Morley, has entered into a partnership with Asset Oversight Services, an advisory and asset management firm focused on illiquid, private credit assets.
The venture will be named G2 Asset Advisors.
G2 Asset Advisors combines the strength, distribution and real estate capabilities of G2 Investment Group with the focus Asset Oversight Services possesses in private non-real estate credit assets.
Their combined capabilities will provide institutional investors, insurance companies, banks, hedge funds, funds of hedge funds, and other financial institutions with the following:
• Portfolio advisory and strategic alternatives for challenged, private
