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Interdealer broker Icap and GreTai Securities Markets, the over-the-counter securities market in Taiwan, have entered into a partnership to provide onshore access to US government bond trading in Taiwan.
Under the new agreement, GreTai is able to provide its customers access to international securities onshore for the first time ever.
GreTai will offer qualified Taiwanese securities firms access to Icap’s global US treasuries liquidity pool through GreTai’s bond trading platform, which is integrated into Icap’s BrokerTec matching engine based in New York.
On 21 August 2009, the Financial Supervisory Commission of Taiwan lifted restrictions on onshore trading of foreign government
GAM has expanded its range of Ucits III funds to include an onshore version of its global macro interest rate and currency strategy managed by investment director Adrian Owens.
The fund aims to generate returns of between eight and 12 per cent per annum above Libor over a rolling three to five year period.
GAM Star Global Rates will invest in a diverse range of government bonds and currencies to exploit market inefficiencies. The focus of the fund is on mature markets where good liquidity is available. Correlation with other investment strategies and equity markets is expected to be minimal.
Simon Coxeter, Director at Swisslake Capital Asia, discusses the importance of a multi-disciplinary approach to real estate investment.
For an investor’s allocation to real estate, what is most important in shaping returns across the market and economic cycle? Is it a thorough understanding of the underlying physical market, or is it the ability to invest shrewdly across asset classes and strategies?
Clearly, both are important, but the latter is still neglected by many investors, a phenomenon which in itself presents sophisticated allocators to real estate with the opportunity for superior returns.
This article examines the importance of a multi-disciplinary approach
Credit as a hedge fund strategy has been the fastest growing strategy in terms of institutional investor mandates over 2009, according to research by Preqin.
Nearly twice as many institutional investors have stated credit as a preference this year as compared to October 2008.
Funds of hedge funds are a large source of capital for the credit hedge fund manager. With their ability to shift quickly into new strategies, funds of funds were the first group of investors to begin allocating to this type of fund.
Many multi-manager firms have launched specific credit fund of funds over 2009, including the
Cambridge Associates, a provider of independent investment advice and research to institutional investors and private clients, has taken steps to increase its clients’ resources for assessing risk profiles of hedge fund portfolios.
Consultants at Cambridge Associates now have access to customised reports that provide a new level of information about underlying holdings of selected hedge funds.
The information includes the funds’ exposure to industry sectors and geographic areas and the percentage of long and short positions.
The reports are the result of a Cambridge Associates collaboration with Measurisk, an affiliate of J.P. Morgan Worldwide Securities Services that serves as an
Gemini Fund Services, a provider of pooled investment solutions, is extending its hedge fund solutions offering with a new Webinar series aimed at helping advisers better position themselves in a changing market and regulatory environment.
The series is an extension of Gemini’s broad range of turnkey administration services for hedge funds.
"Gemini has extensive experience in assisting hedge funds in converting into mutual funds, and in forming alternative mutual funds such as currency funds, managed futures, multi-strategy, and many others. Our driving focus is helping advisers bring successful investment vehicles to market," says Andrew Rogers, president of Gemini.
Gemini is
Newly launched investment advisory boutique Emotional Assets Management & Research has launched its first investment fund, The Emotional Assets Fund 1.
Believed by EAMR to be the first of its kind, the fund will invest in a diversified set of emotional assets across some 15 sectors of the collectables market, from fine art and rare stamps to vintage jewellery and rare manuscripts.
The fund seeks to provide qualified investors with an opportunity to achieve long-term capital appreciation through investment in emotional assets. Its objective is to deliver a stable target growth rate of 15 per cent per annum, with predictable
Eurex Bonds, the international electronic bond trading platform, has been admitted by the Finnish State Treasury to act as a secondary market venue for trading of Finnish government bonds.
In Finland, 14 primary dealers are eligible to conduct wholesale government bond market operations.
Laurent Ortiz, managing director of Eurex Bonds, says: “We are delighted to be one of the eligible electronic trading platforms for Finnish government bonds. The admission is a confirmation of our goal to provide a liquid market for European bonds on an electronic trading platform, thereby increasing transparency for all market participants.”
Finland is the second European
Newedge, a provider of global brokerage and clearing services, has named John Ruskin global head of financial futures and options execution.
Based in London, Ruskin (pictured) will seek to further strengthen Newedge’s position as a broker in financial futures and options trading.
Ruskin will oversee the global operations of Newedge’s FF&O teams, facilitating cross-border trading and client’s execution needs across asset classes. Newedge has one of the largest FF&O businesses in the industry with more than 300 brokers in 17 countries.
Previously, Ruskin worked as managing director for the Cube division of Fimat, before the formation of Newedge in January
The US Commodity Futures Trading Commission has settled charges against EMF Financial Products, a CFTC registrant based in New York, for making false statements and failing to disclose material information concerning its market positions and financing to the Chicago Board of Trade.
The CFTC also charged that EMF failed to diligently supervise the handling of its commodity interest business.
The CFTC order requires EMF to pay a USD4m civil monetary penalty and restricts for three years its registration as a commodity pool operator and commodity trading adviser.
The CFTC order concludes that in August 2005, EMF concealed and misrepresented
