Solutions
Coeli has launched its second programme on dbSelect, Deutsche Bank’s platform for accessing liquid hedge fund strategies.
Coeli Spektrum manages USD110m with an annualised return over the last 36 months of 13.6 per cent net of fees.
The launch of the Spektrum programme on dbSelect allows investors to gain access to a systematic CTA managed future programme with fully proprietary models creating low correlation to peers in the CTA space.
The programme can be characterised as medium term with an average trade length of approximately three weeks. The programme uses proprietary pattern recognition trend following models designed to capture longer
Hedge funds, as measured by the Dow Jones Credit Suisse Hedge Fund Index, finished October down 0.18 per cent, with five out of 10 strategies in positive territory.
In total, the industry saw estimated inflows of approximately USD3.9bn in October, bringing overall assets under management for the industry to approximately USD1.75trn.
The global macro and fixed income arbitrage sectors experienced the largest asset inflows on a percentage basis, with inflows in October equal to 1.63 per cent and 0.78 per cent of the September 2012 levels, respectively.
Event driven funds generated positive performance in October, with contributors from diversified long
The World Gold Council has launched a research app for iPhones and iPads that is now available on the iTunes store.
The app is designed to provide investors and advisers with rich and flexible access to the latest research from the World Gold Council and information on the global gold market.
The app includes the following features:
• Reports on key demand-driving regions such as India, China and the West
• Information on gold prices and statistics, country case studies and gold investment reference guides
• Charting tools to view trends and plot the value of gold over time in a range of
Advise Technologies’ Consensus RMS suite of regulatory reporting tools is now available on the AbacusFLEX private cloud.
Consensus RMS customers are able to host or locally deploy the software, providing them with the flexibility to choose which best suits their needs and structure.
“New regulatory reporting requirements are weighing heavily on today’s fund advisers, and hosting our software suite on the cloud eliminates the added burden of managing the required technology infrastructure,” says Sean Sullivan, president of Advise. “Abacus’ deeply rooted understanding of hedge fund infrastructure and applications enables them to seamlessly integrate our products with the rest of
Israel-based Sphera Funds Management is to deploy Tradar’s flagship product, Insight version 5.0.
Sphera Funds Management will take advantage not only of Insight’s portfolio management functionality, but also the new risk management and performance enhancements.
Insight will form a key part in helping Sphera Funds Management create additional operational efficiency, better connectivity channels with third parties, as well as delivering advanced enterprise style reporting for their funds, investors and managed accounts.
With regulatory issues and compliance playing a more important role, Sphera Funds Management desired a scalable solution that could meet these needs, as well as their current and future
The performance of hedge fund strategies exposed exclusively to equity-related risk factors remained positive despite October’s challenging market environment thanks to a strong dynamic alpha, according to the Edhec-Risk Alternative Indexes.
Equity market neutral rose by 0.34 per cent and long/short equity by0.25 per cent.
The event driven strategy, benefiting from additional credit exposure, posted a higher 0.53 per cent.
The convertible arbitrage strategy (0.04 per cent) was almost flat, with influences of its main exposures (credit and convertibles) mostly cancelling each other out, and a slightly negative dynamic alpha.
CTA global (-3.22 per cent) suffered one more huge idiosyncratic
The hedge fund industry took in USD3.4bn (0.2 per cent of assets) in September, building on a USD7.7bn inflow in August, according to a report by BarclayHedge and TrimTabs Investment Research.
Based on data from 3,004 funds, theTrimTabs/BarclayHedge Hedge Fund Flow Report estimated that industry assets stood at USD1.8trn in September, down 25.8 per cent from the June 2008 peak of USD2.4trn.
“The hedge fund industry saw net inflows for the second month in a row in September, which was a notable improvement from earlier this year,” says Sol Waksman, founder and president of BarclayHedge. “Year to date outflows shrank
Eurex Clearing’s EurexOTC Clear for Interest Rate Swaps (IRS) successfully went live on 13 November 2012.
The launch was supported by Eurex Clearing’s cooperation banks Barclays, Citigroup Global Markets Ltd, Credit Suisse, Deutsche Bank and JP Morgan.
In addition, Commerzbank, HSBC, Royal Bank of Scotland, UBS and Basler Kantonalbank joined the service for the production start. All ten members have successfully cleared their first transactions via EurexOTC Clear for IRS.
BNP Paribas, Goldman Sachs, Morgan Stanley, Nomura, NORD/LB, Société Générale and further market participants are preparing to join the service as clearing members.
The support from major OTC dealers and
The industry decision to close the US markets for two trading days due to Hurricane Sandy resulted in a nine per cent decrease in the number of trading days in October 2012 for NYSE Euronext’s US cash equity and equity options markets.
The closure of these markets also impacted trading on NYSE Euronext’s European derivatives and European cash trading venues, which remained open.
European derivatives and European cash average daily trading volumes declined 44 per cent and 41 per cent, respectively, during the closure of the US markets with some residual impact after the markets reopened. October 2011 trading volumes
Capital Markets Cooperative Research Centre (CMCRC), the Australian independent academic centre for capital market research, has shown that there is no link between high-frequency trading (HFT) and market manipulation, based on a new report using mathematical models for market abuse.
The study analysed large quantities of data to carry out an empirical study that examined the relation between the increased incidence of HFT and metrics that proxy for market abuse, particularly market manipulation.
The report found that HFT does not correlate with an increase in market abuse, using five years’ worth of data, 2006-2011, from the London Stock Exchange (LSE)
