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Hedge fund investors redeemed a net USD2.2bn (0.1 per cent of assets) in October, reversing course after buying USD4.4bn in September.
“The outflow in October was only the second for hedge funds this year,” says Sol Waksman, president and founder of BarclayHedge. “Hedge funds have taken in USD49.4bn so far in 2013, a sharp reversal from the outflow of USD12.9bn outflow in the same period last year.
“Industry assets stood at a five-year high of USD2.0trn, according to estimates based on data from 3,348 funds. Assets are up 15.3 per cent in 2013 but are down 16.1 per cent
As deleveraging ends and banks are finally supporting their economies the foundations are set for a multi-year economic expansion, says S&P Capital IQ Equity Research in its 2014 European Strategy Outlook report.
S&P Capital IQ Equity Research expects that a vigorous investment-driven rebound will develop aided by a restocking inventory cycle.
Furthermore, external events such as the European Central Bank’s Comprehensive Assessment and the Federal Reserve’s decision when to taper will both prove positive for European equities but will promote weakness in euro and credit markets.
“A balance sheet snapshot of European economies reveals that the capacity for
William Stern (pictured), New York based Partner in Goodwin Procter LLP’s Financial Institutions Group, comments on the publication of the new Volcker rule…
With respect to the covered funds aspect of the Volcker rule, the final implementing regulation includes a number of revisions that should alleviate many of the concerns raised by the banking industry, including a provision that limits the impact of the rule on certain funds that only use derivatives to a limited extent.
There is also good news for certain funds sponsored and managed by non-US banking organisations outside of the United States in that many
Hedge funds delivered their third consecutive month of positive returns as global markets maintained their upward momentum. The Eurekahedge Hedge Fund Index was up 1.37 per cent during the month, edging past the MSCI World Index, which gained 1.27 per cent in the month of November 2013.
Global markets remained upbeat on the back of positive macroeconomic data from the US, with incoming Fed chair Janet Yellen's testimony before the Senate's Banking Committee adding a further dose of optimism to the markets as she reiterated the necessity of the Fed's QE program for an enduring recovery in the US economy.
SS&C Technologies, a provider of financial services software and software-enabled services, has appointed Bob Schwartz as chief technology officer.
Schwartz will report to Norm Boulanger, the company’s president and chief operating officer.
Schwartz joins SS&C after serving as chief technology officer for SS&C’s fund administration business, SS&C GlobeOp. Prior to SS&C GlobeOp, Schwartz served as chief technology officer at Lehman Brothers. Previously, Schwartz worked for Bankers Trust building its derivatives technology environment.
“SS&C has invested enormous amounts of capital in our information technology infrastructure. EMC, Cisco, Hewlett Packard, NetApps and many other hardware and software suppliers partner with
The London Metal Exchange (LME) has delivered the systems modifications to support its members and clearing house in response to the European Market Infrastructure Regulation (EMIR) requirements.
The on-schedule delivery of the technology changes means that LME members can make necessary modifications to their own systems in advance of EMIR coming into force.
"We are pleased that the changes were successfully implemented on schedule," says Robin Paine, chief technology officer at the LME. "This delivery is testament to effective collaboration between the LME, its partners and the regulators. We will continue to work closely with members, the clearing house
By James Williams – Institutional investors, from public and private pension plans to foundations, endowments and sovereign wealth funds, are showing significant signs of divergence when it comes to asset allocation; a markedly different story from previous years when the set allocations made from one plan sponsor to another were largely consistent.
eVestment, the leading data, analytics and market intelligence provider to the institutional investment community, is well placed to shine a light on how asset allocation trends are changing in the market.
“What we see is that certain corporate pension plans are going one way and significantly de-risking
By Julian Korek, CEO and Founding Member of Kinetic Partners, the global professional services firm – The last 12 months has been another year of change for the financial services industry. We at Kinetic Partners recently surveyed 300 senior executives in banks, asset management firms and hedge funds globally to compile our 2014 Global Regulatory Outlook Report.
This report draws on insights provided by our clients and contacts across the financial services and regulatory world as they look forward into 2014. We have combined these views with the results of our research and used them to create a detailed picture
The Energy Data Hub (EDH), an independent energy data processing entity, has formed a partnership with Sapient Global Markets to advance the development of the EDH platform, a secure central repository for global energy transaction data.
This partnership follows prior agreements with OTC Online and International Securities Exchange (ISE) to support EDH. Each of the three firms will contribute to EDH in a unique way, including provision of technology expertise, business development resources, and equity investment.
Collectively, the partners will enable EDH to fulfil its objectives to bring forth new market information, strengthen the ability of energy market participants
Ledgex Systems, a provider of portfolio management solutions for fund of funds and multi-fund managers, has released the next generation of the Ledgex portfolio management platform.
Ledgex’s integrated suite delivers new liquidity management and manager research modules that give firms real-time visibility into their existing and proposed portfolio liquidity options while providing the research and analytics that support the manager selection process.
Effectively managing liquidity and reporting within investment portfolios has been a struggle for fund of funds, institutional investors, pensions and endowments. The Ledgex Liquidity module solves this challenge by providing an advanced liquidity modelling utility and reporting
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