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The pattern of negative money flows improved markedly in third quarter, with the hedge fund industry recording outflows of USD6.16bn – a reading 87 per cent less severe than the second quarter’s, according to a report by Lipper Tass.
For the rolling one-year period as of the end of September, the net money outflows of the hedge fund segment amounted to USD314.56bn—an amount accounting for about 90 per cent of the sum of all negative quarterly money flows to the industry since first quarter 1994.
The modest outflows reading for third quarter 2009, combined with the overall broad hedge fund
ConvergEx, a provider of investment and execution technology solutions to institutional clients, is giving clients of its order management system, Eze OMS, access to intraday, daily and monthly risk management analysis and reports through RiskMetrics Group.
Through the agreement, Eze OMS users have a seamless connection to RiskMetrics’ interactive application, RiskManager.
The tool analyses, measures and monitors risk, enabling users to communicate position information to RiskMetrics and receive back timely risk analysis reports based on intraday trade execution data.
The integration also allows clients to incorporate risk measures generated by RiskMetrics into the Eze OMS by leveraging Eze’s newly developed
The Hennessee Hedge Fund Index advanced 1.70 per cent in November, taking its year-to-date performance to 22.40 per cent.
The S&P 500 rose 5.34 per cent (20.84 per cent YTD), the Dow Jones Industrial Average increased 6.51 per cent (17.87 per cent YTD), and the Nasdaq Composite Index advanced 4.86 per cent (35.99 per cent YTD). The Barclays Aggregate Bond Index advanced 1.29 per cent (7.61 per cent YTD).
“Hedge funds underperformed the broad markets in November as momentum continued to push security prices higher,” says Charles Gradante, co-founder of Hennessee Group. “We believe the market is close to entering
Infonic, a provider of software solutions to the funds of hedge fund industry, has added Ian Morley to its board of directors.
Morley (pictured), a UK-based alternative investment management industry veteran, joins Virginia Gambale, the new chair of the board, and non-company executive director Alexander Aebi.
The board is completed by Infonic company executive directors Tom Furrer, chief executive, and Roman Bargezi, head of engineering.
"I’m delighted to welcome Ian Morley to our board and to have Virginia Gambale take its chair. Virginia is an exceptionally well experienced director of fast growing companies and I look forward to making great
Financial professionals in Germany who have earned the Chartered Alternative Investment Analyst credential will celebrate the launch of the CAIA Germany Chapter on 8 December in Frankfurt.
Financial experts, including Armin Sandhövel, chief executive of Allianz Climate Solutions, and Francois L’Habitant, chief investment officer of Kedge Capital Fund Management, will participate in a programme titled "alternative investments after the crisis".
The experts will speak on climate investing, as well as the effects of the financial crisis on the future of hedge fund and private equity investment strategies.
The programme is open to CAIA members and financial professionals in the alternative
Sybase, a provider of enterprise and mobile software, and Siag Risk Management, a provider of investment portfolio risk management solutions, have formed a partnership to provide financial institutions with real time, on demand and intra-day visibility of investment portfolio risk.
Under this new partnership, enterprises and institutions will have access to advanced performance, risk management technology solutions.
"As we developed our range of advanced risk management solutions, we recognised the market need for calculating risk in major investment portfolios on an intra-day and on demand basis, using up-to-date, validated and certified data," says David Bristow, international development director, Siag. "We
The level of outright position-taking in US exchange-traded oil derivatives contracts has largely fluctuated in a normal range based on historically relevant benchmarks, according to a report by Edhec Risk.
Because many aspects of the global oil markets have not been sufficiently transparent, it was unclear how much of the oil-price rally that peaked in July 2008 could be put down to speculation.
This uncertainty has led to concerns that there was excessive speculation in the oil derivatives markets.
On 20 October 2009, the US Commodity Futures Trading Commission released three years of enhanced market-participant data for 22 commodity futures
Hudson Advisors Europe has opened an office in London as part of its expansion in Europe.
The company has entered into an agreement to lease approximately 4,300 square feet at 1 Finsbury Market, London EC2A 2BN.
In addition, Standard & Poor’s Ratings Services has initiated coverage of Hudson Advisors Europe. Standard & Poor’s has assigned an Average ranking on the business as a special servicer of UK commercial mortgages.
The ranking reflects the company’s competencies in a number of operational areas benefiting from skills provided by teams at the well-established German operation. Hudson Advisors Germany is ranked as special servicer
Merchant Capital is to launch a Ucits III umbrella structure that will provide hedge fund managers, including small to mid-sized firms, with a cost-effective vehicle for running their own Ucits III funds.
Historically, it has taken between three and six months to construct and bring to market a Ucits product.
Funds using Merchant Capital will take approximately four to six weeks, while also significantly reducing the high fees the process normally incurs and fulfilling all necessary counterparty requirements.
Tressis, a Spanish distributor of investment funds, structured products, fixed income and other financial products, has selected Merchant Capital as its
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