Solutions
The Dow Jones Credit Suisse Hedge Fund Index finished up 2.07 per cent for the month of January, with nine of the 10 sub-strategies recording gains.
Long/short equity led the way with a return of 3.54 per cent for the month followed by emerging markets (3.45 per cent), managed futures (2.67 per cent) and event driven (2.15 per cent).
Dedicated short bias was the only sub-strategy to finish the month in negative territory with a return of -5.22 per cent.
The following funds were dropped from the Dow Jones Credit Suisse Hedge Fund Index in January: NWI Explorer Global Master Fund,
Fund administration company Apex Fund Services has launched Apex Trade Manager, its order management system (OMS), and Apex Vision, its portfolio management system (PMS).
Both systems are to be offered to any fund manager using Apex’s services and also as a separate service.
Apex Technologies, a wholly owned division of Apex Fund Services, has been formed to offer fund managers a complete suite of technology solutions and third party services including the OMS and PMS systems.
Apex Technologies is partnering with Linedata, Pacific Fund Systems, Lazorne, Statpro, Newedge, Knight, RJ O Brien, EFG Hermes and Global Prime Partners.
Eurex Exchange has exceeded one million contracts traded in the RDX USD index futures and options since trading began on 19 March 2012.
The one million contracts split into more than 691,000 index options and more than 313,000 index futures.
The respective open interest is 263,532 options contracts and 46,398 futures contracts. This makes Eurex Exchange the largest trading venue (outside of Russia) for listed Russian index derivatives.
Hedge and private equity fund manager FSI Group has joined the AlphaMetrix TransparentFund platform. FSI Group will retain its existing service providers and enhance its already robust infrastructure by offering investors risk monitoring, reporting, customised transparency and a thorough background investigation via AlphaMetrix.
“FSI Group is an excellent addition to AlphaMetrix,” says Mikus Kins, chief product and business development officer at AlphaMetrix. “As a result of listing with AlphaMetrix, FSI will be able to provide investors with greater transparency that is independently verified and reconciled.”
Eurex Exchange is to introduce a new interest rate future, the Mid-Term Euro-OAT Future, which is based on notional medium-term bonds issued by the Republic of France (Obligations Assimilables du Trésor – OAT), on 11 March 2013.
Together with the long-term Euro-OAT Futures which were introduced in April 2012, the contract complements the existing segment and offers market participants an efficient and cost-effective hedging instrument which enables the hedging of risks and basis trading in the mid-term maturities range of the French yield curve.
“The success, positive volume and open interest performance of the Euro-OAT Future introduced in April 2012
Indus Valley Partners (IVP), a provider of technology solutions to alternative asset managers, has launched its cloud-based Form PF Lite solution, a regulatory filing application that automates the entire SEC filing process for small to mid-range funds with an AUM of less than USD1.5bn.
IVP Form PF Lite is specifically designed to be a cost-effective option for the annual filers of Form PF.
As a cloud-based application, Form PF Lite provides a simplified and smaller set of templates than IVP’s full solution that is used for quarterly filings.
IVP Form PF Lite can be upgraded to the full application once
Interactive Data is to provide a full suite of services to trueEX, the first interest rate swaps exchange approved by the Commodity Futures Trading Commission (CFTC) as a Designated Contract Market (DCM).
Interactive Data is providing trueEX with low-latency hosted services through its 7ticks platform.
These services will include monitoring and support for the trueEX matching engine and network architecture, along with connectivity to leading global exchanges such as the CME and the ICE via the 7ticks network for post trade execution clearing solutions.
trueEX market participants will be enabled to access financial exchange matching engines from anywhere on the
The European hedge fund Whard Stewart Master Fund has joined the client-clearing services of the new EurexOTC Clear for Interest Rate Swaps (IRS).
JP Morgan, one of the largest clearing service providers for listed and OTC derivatives globally, acted as clearing member in respect of initial transactions for Whard Stewart, which was on-boarded as a Registered Customer.
“We have found that clients appreciate the margin efficiencies of clearing listed and OTC in a single CCP. Eurex clearing understands the importance of client asset segregation, and their responsiveness in shaping the new service to meet market needs has been key for
Two of the largest European investment managers, Insight Investment Management (Global) Limited in London and OFI Asset Management in Paris, have successfully begun client-clearing services of the EurexOTC Clear for Interest Rate Swaps (IRS).
Both clients were introduced to the service as Registered Customers by the OTC Derivatives Clearing division of Barclays, a leading provider of global multi-asset clearing solutions for OTC and listed derivatives. Among the first to clear such transactions, Barclays and its clients underlined their first mover commitment to being prepared well ahead of the clearing obligation in Europe.
“EurexOTC Clear is developing a comprehensive package for
Towers Watson, a global investment consultant, will include MSCI’s RiskMetrics HedgePlatform into some of its hedge fund advisory and investment processes.
As part of the agreement Towers Watson will use HedgePlatform to evaluate and monitor individual investment managers with reports based on hedge fund positions, complementing its existing suite of risk tools and enhancing hedge fund risk reports to its clients.
“Demand for position-based risk analytics of hedge fund investments continues to rise, evidenced by the growth MSCI’s risk analytics business has seen over the last 12 months – from adding two of the world’s top 20 pension funds as
