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The Greenwich Composite Investable Hedge Fund Index advanced by 1.5 per cent in March as a result of strong global credit and equity markets.
All Greenwich investable indices moved higher during the month and all are currently positive for the year.
The Investable Futures Index was the largest gainer during the month, with a gain of 3.03 per cent.
Arbitrage and other market neutral strategies also continue to perform well, posting a gain of more than two per cent for the quarter.
Year-to-date, the event-driven and long-short credit investable indices have been the best performers with gains of 5.61 per
The hedge fund industry as measured by the Credit Suisse/Tremont Hedge Fund Index continued its positive performance into 2010, returning 3.1 per cent in the first quarter and outperforming equity and bond indices on a risk-adjusted basis.
According to a report by Credit Suisse Tremont, eight out of the ten sectors in the broad index posted positive returns in the first quarter, with 69 per cent of all funds posting positive performance.
The beta of hedge funds to global equity markets is now at its lowest level since 2004. In turn, manager returns currently appear to be less driven
Citigroup has named Patrick Curtin North American head of investor client sales management.
Curtin will be responsible for sales across the entire investor services suite in North America to traditional and alternative investors and investment managers.
Curtin will report to Richard M.F. Ernesti, global head of investor client sales management, and Julie Monaco, North America region head of global transaction services.
“We continue to hire key industry talent across our business and we’re very pleased that Patrick is joining Citi in this key leadership role,” says Neeraj Sahai, global head of securities and fund services, Citi. “His extensive industry expertise
Fidessa, a provider of trading, portfolio analysis, compliance, market data and connectivity solutions for the buy-side and sell-side, has integrated US options trading into its EMS Workstation.
The system now supports fast trading for this asset class directly from redesigned options matrix and market depth views.
The EMS Workstation also supports users’ DMA, care and algorithmic trading needs, as well as smart order routing and access to options algorithms.
Martin Hakker, executive vice president marketing for Fidessa in North America, says: "The EMS Workstation has experienced a period of rapid development as we strive to meet the ever-growing needs of
Wiener Börse has converted its trading system for the derivatives market from US-based Nasdaq-OMX’s OM-Click to the Eurex system.
The Eurex trading and clearing platform is used by more than 410 customers in 25 countries on four continents.
In converting to the Eurex system, Wiener Börse expects to see increased liquidity on its derivatives market.
The majority of Wiener Börse’s cash market participants already use the Eurex infrastructure to trade derivatives on other marketplaces. In the future, these participants can also use the new Eurex infrastructure to trade on Wiener Börse‘s derivatives market without any significant technical investment. This will
LGT Capital Partners, an alternative assets and fund of funds manager, is launching its Crown Managed Futures Ucits Fund to offer a broader range of investors access to its flagship managed futures strategy.
LGT has been investing in managed futures since 1996.
Crown Managed Futures, its flagship managed futures fund, has assets under management of USD670m. It has delivered an annualised gross return of 10.5 per cent since launch in October 2000, compared to -2.1 per cent for the MSCI World Index , showing almost zero correlation to equities.
Regulatory approval has been obtained and the fund is scheduled to
Sixty one per cent of hedge funds in RBC Dexia Investor Services’ latest survey believe greater governance of alternative investments could result in an increased allocation to the sector, with a significant number of alternative fund launches, both on and offshore, expected in the coming months.
The poll defined governance as including structure, independent valuation, transparency and third-party control.
Respondents were divided on the notion that increased regulation could affect asset allocation – just over half (52 per cent) either thought it had no impact (40 per cent) or had no opinion (12 per cent). However a significant minority
Advent Software, a provider of software and services for the investment management industry, has received two awards from Hedgeweek for its portfolio management and fund accounting solution Geneva.
Geneva was named Best Managed Account Platform Technology and Best Fund Accounting and Reporting System.
Geneva offers comprehensive instrument coverage, full financial general ledger, and industry-standard integration tools enabling firms to manage complex investment vehicles, multiple investment strategies, and tiered fund structures.
"We continue to enhance the depth and breadth of Geneva, and the new middle office functionality that we’ve been adding to the product particularly shows Advent’s growing commitment to the
SolarField Investment Management has been formed to provide investors with access to the attractive long-term yields available on investment in government incentivised electricity generating solar photovoltaic installations across the EU.
Based in London, SolarField is preparing to launch a series of investment funds which will invest in a pipeline of identified electricity generating installations in Italy, Germany and Spain.
The funds will invest in both existing operational installations and development opportunities.
Initial yields net of all management charges are estimated at a minimum nine per cent p.a. on an ungeared portfolio with targeted returns of 16 per cent.
The
SEI has launched an online guide that details the key features and requirements of the investment product packaging options predominant in today’s market.
The Global Asset Management Product Guide is designed to help investment managers understand and compare a broad range of potential investment vehicles so they can target additional growth opportunities in light of investors’ increasing demand for flexible product packaging options.
SEI created the guide with the help of several distribution consultants and legal experts in the US and Europe.
It details the key features of a wide range of investment vehicles, including the regulatory, operational, and distribution
