Hedge fund redemptions in October totalled USD9 billion, more than triple September’s USD2.59 billion outflow, according to figures released by BarclayHedge and TrimTabs Investment Research. Industry assets decreased to USD1.66 trillion in October from USD1.73 trillion in September, the third
Chicago Board Options Exchange has created a new benchmark volatility index – the CBOE Mid-Term Volatility Index (VXMT). The index is a measure of the expected volatility of the S&P 500 Index over a six-month time horizon. The index
Peppercomm Strategic Communications has acquired Walek & Associates, an independent financial, capital markets and investor relations firm. The move combines Peppercomm’s full suite of integrated marketing and communications offerings, including creative design, digital, social media, experiential and strategic licensing,
Deutsche Bank has launched an FX trading platform on Autobahn. The new FX platform is expected to increase efficiencies and volumes, contributing to Deutsche Bank’s commitment to trade EUR1trn every week within the next two years. New functionalities include the
Swiss-based Pharus Management has launched Pharus Management Luxembourg SA to manage UCITS compliant SICAVs, specialized investment funds and alternative funds under the Alternative Investment Fund Managers Directive, reported Investment Europe this week. Funds wishing to take advantage of the European
Oak Hill Advisors has held the final closing of its OHA European Strategic Credit Fund, a credit fund focused on distressed debt and corporate restructurings in Europe. The fund closed at its cap of USD1.35bn, significantly exceeding the firm’s initial
Maples Fund Services has expanded its US operations with the hire of Megan Corcoran as director of business development, Americas. Based in New York, Corcoran will focus on expanding opportunities for continued growth of the fund services business in North
The Depository Trust & Clearing Corporation has welcomed the trading in futures contracts linked to its proprietary index, the DTCC GCF Repo Index. The futures products began trading on 16 July on NYSE Liffe US, the US futures exchange
Chicago Board Options Exchange (CBOE) is to list options on the CBOE Russell 2000 Volatility Index (RVX) beginning 3 December. The CBOE Russell 2000 Volatility Index (RVX Index) is an up-to-the-minute market estimate of the expected 30-day volatility of the
US-dollar prime money market funds (MMFs) have increased their total exposure to European financial institutions by 16 per cent (USD27bn) in the first two months of Q3 2013, says Moody’s Investors Service. Most of this increase is due to
