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The Hennessee Hedge Fund Index advanced 1.30% in April (up 4.61% YTD), while the S&P 500 increased 1.48% (up 6.42% YTD), the Dow Jones Industrial Average advanced 1.40% (up 5.57% YTD), and the NASDAQ Composite Index advanced 2.64% (up 8.46% YTD).
Bonds also advanced, as the Barclays Aggregate Bond Index increased 1.04% (up 2.84% YTD) and the Merrill Lynch High Yield Master II Index increased 2.24% (up 7.17% YTD).
“While fundamentals, such as corporate earnings and economic data, have been surprisingly good in the first quarter, the market technicals after the ‘May 6th rout’, including support levels and moving
UK-based, systematic macro hedge fund manager Quality Capital Management (QCM) has launched the DB Platinum IV QCM GDP Index Fund, a UCITS III compliant fund, which offers daily liquidity, is registered in Luxembourg and is part of Deutsche Bank’s db funds platform. It replicates the investment profile and performance of QCM’s flagship managed futures product, Global Diversified Programme (GDP).
The GDP is a long/short product that trades 115 financial and commodity futures, annualising returns of 15% over the 14 years from inception and 21% for the five years to April 2010. The programme bears negative correlation to equities and low
Triple A Partners and OGI Capital Partners have teamed up to offer global alternative investments to Japanese institutional investors.
Under their joint-venture, Triple A Partners and OGICP will work together to make an extensive line-up of global alternative investment opportunities available to the Japanese investor community.
OGICP is a Japan-based Discretionary Investment Manager, and it is managing and offering its own alternative investment strategies. Triple A Partners is a Hong Kong based global alternative investment placement and seeding specialist.
The parties plan to a range of ‘best-in-class’ alternative investment funds from around the globe to Japanese investors, including
KB Associates, a consulting firm to the asset management community, has opened a new office in London’s Mayfair.
The new office will advise managers wishing to establish funds in regulated jurisdictions on operational issues including providing advisory and project management support to managers re-domiciling funds into Europe. It will also provide operational advice to London-based asset managers.
KB Associates was founded in Dublin in 2003 and provides a range of advisory and project management services to asset managers of UCITS funds, hedge funds and FoHFs; with a particular focus on Irish-domiciled funds.
“The decision to establish a London office reflects
Oscarsson & Engman Capital AB (OE Capital) has been licensed by Finansinspektionen (the Swedish equalent of the UK’s FSA) to operate as a securities company.
OE Capital is an independent Nordic advisory and capital introduction firm, located in Stockholm and founded in 2009 by Magnus Oscarsson and Tom Engman. The founders have a vast and solid experience which includes leading positions within the finance industry.
At the beginning of 2010 Fennogens Investments SA, controlled by Henrik, Georg and Carl Gustaf Ehrnrooth, took 20 per cent stake in OE Capital, which intends to work on a long term basis with a
Scoach has expanded its group of market participants with the connection of the first Russian and Hungarian online brokers to its trading platform.
FINAM Limited, based in Cyprus, has become the first Russian broker to be connected to Scoach giving around 80,000 end customers from Russia, Kazakhstan and the Ukraine access to the Frankfurt echange for structured products.
Connecting the Hungarian online broker CONCORDE Értékpapír has also given an additional 40,000 investors – including sset managers, pension and hedge funds as well as private investors – access to Scoach products.
“In connecting the new market participants from Russia and Hungary,
Seven individual products managed by Salus Alpha recorded positive returns in April.
The Salus Alpha Managed Futures fund returned +10.24% for the month to date, outperforming the S&P 500 Index by +8.76%. The fund’s performance was 11.37% better than the performance of the HFRX Macro Index for the period, and surpassed the result of the Credit Suisse/Tremont AllHedge Managed Futures Index – which had a return of 0.30% – by 9.94%.
The Salus Alpha Multi Style fund returned +4.30% for the month to date, outperforming the S&P 500 Index by +2.82%. The funds performance was 3.62% above the performance of
In the first five trading days of May, Xetra-Gold achieved new records for cash inflows, order book turnover and market share.
From 3 until 7 May, Deutsche Börse Commodities turned over a total of 3.7 tons of gold with its Xetra-Gold bearer bond, which is physically backed by the precious metal. As of last Friday, the gold reserve of this issuer had increased to 45.1 tons.
Over the entire period, transactions conducted by Xetra-Gold investors at Germany’s trading venues have reached a volume of EUR101.8 million., with EUR95.2 million of that volume attributable to Xetra (93.6 pe rcent).
Currently, 171
NASDAQ OMX and NYSE Euronext are coordinating their efforts to determine the cause of Thursday 6 May’s market plunge.
In a joint statement, both have outlined their commitment to working with the Securities and Exchange Commission (SEC), other regulators and all market participants to develop effective solutions promoting ‘greater market stability, efficiency and transparency’.
The statement says: “We commend the Securities and Exchange Commission for their continued leadership during this critical time in global markets and agree that a constructive process will promote confidence in the financial markets by investors, listed companies and market participants.”
The Finles/IEX Dutch hedge fund index posted a +1.7% return in March, outperforming the HFRX Global hedge fund index by 0.32%.
The best performing funds in march were: Aster-X panorama Fund; IdB Alchemy; European Opportunities Fund; Fonds Bloemendaal; and EV smaller companies fund.
As of 3 May, 2010, the index had 28 constituents including the following new additions: the Aethra Global Strategies Fund, managed by Daan Potjer and Marc Vernooij; and the AEGON Global Opportunities Fund, managed by Olaf van den Heuvel
The index’s performance figures are calculated by Circle Partners, while Ernst&Young periodically verifies the index processes
