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Derivatives exchange Eurex has admitted the first broker headquartered in the People’s Republic of China through its Hong Kong subsidiary.
GF Futures (Hong Kong) became a trading member of Eurex on 3 March 2010.
Dr. Cheng Xiao, the general manager of GF Futures, says: “We are honoured to be the first Chinese broker as a member of Eurex. We will have a better understanding of the European market together with our customers. Being a member of Eurex represents another major step to offer access to international business opportunities to our customers as well as a further commitment to the internationalisation
Third Eye Capital, an investor in Canadian private credit, has appointed Christopher Vokes as vice president, investor relations.
Vokes is a seasoned marketing professional with experience in both the institutional and retail investment markets.
In the newly-created role, Vokes will oversee all of the investor relations and marketing activities of the firm across both retail and insitutional platforms.
He will be responsible for implementing TEC’s new domestic fund partnership and growing the offshore fund’s assets.
Prior to joining TEC, Vokes held senior marketing roles at various hedge funds and investment firms, and established and helped grow the Western Canada
The Directional Markets Index heads the list of investable Alternative Investment Indices in March with a month-to-date performance of 0.67 per cent.
The indices are provided by Alternative-Index and listed on the Vienna Stock Exchange.
Since the beginning of the year the outperformance of the DMX against the DAX 30 is 3.36 per cent.
The best performing sector for the DMX was the FX sector with a month-to-date attribution of 0.34 per cent. Sectors like financials, interest rates and equities positively supported the month to date performance of the DMX.
The Relative Value Index is the second best performing
Sturgeon Ventures has seen the number of inquiries from City workers looking for help to set up their own businesses rise ten-fold in the last three months.
Sturgeon, which specialises in helping entrepreneurs establish start-up financial services businesses in the institutional space, says City workers tired of bonus cuts and taxes as well as the restrictions of working in big organisations are finding more confidence to set up on their own this year as the shock of the financial crisis abates.
It received around 25 inquiries in 2009 but it is now fielding around 20 or more a month, equating
The Ucits Alternative Index Global rose by 0.24 per cent in February, bringing its year to date performance to -0.29 per cent.
The Ucits Alternative Index Fund of Funds increased by 0.25 per cent.
Commodities and macro were the best sectors with gains of 1.48 per cent and 0.51 per cent respectively.
The Emerging Markets Index had the worst performance for the period, down 0.19 per cent.
On a year to date basis, the Fixed Income Index is the best performing index, up 1.02 per cent.
Nara Capital is the exclusive index agent to the Ucits Alternative Index.
The Australian Securities and Investments Commission has delayed the commencement of short seller obligations to lodge short position reports from 1 April 2010 to 1 June 2010.
It has also rescheduled the commencement of ASIC obligations to publish aggregated short position reports from 1 April 2010 to 21 June 2010.
The change will allow short sellers more time to ensure they have the appropriate systems in place to meet their reporting obligations.
ASIC will facilitate an industry-wide pilot test to allow short sellers access to the new reporting infrastructure from 10 May 2010.
To assist short sellers and systems developers
The HFRI Fund Weighted Composite Index posted a gain of 0.52 per cent for February, reversing January losses and bringing year-to-date performance to a decline of 0.18 per cent.
After two months of losses, macro funds posted the largest positive contribution, with a gain of 0.75 per cent for the month.
Gains were across both discretionary and systematic macro, with both commodity and currency focused managers also having positive contributions.
Event driven strategies posted a narrow loss of 0.11 per cent for the month, with weakness in activist strategies offsetting gains in merger arbitrage and distressed.
Equity hedge
The US Commodity Futures Trading Commission has obtained an order against defendants One World Capital Group of Winnetka, Illinois and John Edward Walsh of Lake Forest, Illinois, requiring each to pay a USD260,000 civil monetary penalty for failing to demonstrate compliance with CFTC net capital requirements.
The Honourable Joan H. Lefkow of the US District Court for the Northern District of Illinois entered the consent order of permanent injunction on 25 February 2010.
The order resolves a complaint brought by the CFTC on 13 December 2007 which charged One World, a registered futures commission merchant and forex dealer member, and
Salus Alpha and stock analyst Roland Neuwirth have launched a special situations fund, called Salus Alpha RN Special Situations.
Salus Alpha manages the fund and Neuwirth is the adviser.
The fund targets absolute returns independent of market benchmarks adopting a traditional bottom-up stock picker approach.
Salus Alpha RN Special Situations combines a core portfolio of few selected top companies (30 per cent – 40 per cent) and the opportunistical exploitation of opportunities in special situations (zero per cent – 70 per cent).
The fund invests only in companies whose business models have been analysed by Neuwirth and his team.
Alter Domus, a provider of outsourced administration services, has opened an office in Mauritius.
Alter Domus (Mauritius) is a joint venture established between the Alter Domus Group and Altima Group, a Mauritius-based conglomerate.
The new office will provide corporate management services and fund administration services to multinational corporations and alternative investment funds in the region.
Alter Domus will now be present in nine of the principle jurisdictions worldwide, offering its clients services that support accounting, regulatory and compliance requirements of legal entities locally established.
Dominique Robyns, chief executive of Alter Domus Group, says: “Always guided by the evolving
