Solutions
Gottex Fund Management’s entire product lone posted positive performance for March year to date, according to the company’s latest trading statement. The results saw Gottex increase its outperformance against its benchmarks.
Total fee-earning assets for the group increased by 3.1% to USD 7.6 billion compared to USD 7.3 billion at 31 December 2011, as a result of positive performance and subscriptions of USD350 million at Gottex Fund Management and LUMA GSS.
Gottex’s flagship market neutral plus product is expected to regain its high water mark in Q2 2012 and would then start accruing performance fees.
The firm has reported a
As part of a new, client-centric approach to execution consulting called UBS Quant on Demand (UBS QUOD), UBS has launched a new algorithmic trading tool called UBS QUOD Studio.
UBS QUOD Studio is an iPad® app allowing UBS algorithmic trading team members to collaborate with clients to rapidly design, simulate and develop execution strategies for trading in the securities markets.
“Our aim is to turn the process of product development and execution consulting on its head – making our platform client-centric and more immediate.” says Owain Self, Global Head of Algorithmic Trading at UBS. “The first tool we are launching
Pictet Asset Management, the asset management arm of the Swiss private bank Pictet & Cie, has launched the Kronos Fund, a global equity long/short trading fund. The fund is distinctive as it combines a long/short equity strategy with an overlay of option trading to build convexity positions that aim to protect against and benefit from major market moves.
The investment team, based in Geneva, is headed by Julien Stouff. The team has extensive equity trading, equity derivatives and global macro experience and has worked together developing the strategy since 2005.
The investment process, which is applied to a
EFETnet BV and The Depository Trust & Clearing Corporation (DTCC), following their successful pilot program launched in January as the first global repository for OTC commodity swaps, have begun accepting trade submissions from commodity market participants into the new Global Trade Repository for Commodities (GTRfC).
DTCC and EFETnet’s industry governed low-cost model provides users the ability to submit trades to a single repository in order to fulfil reporting obligations to regulators globally.
Since the US is scheduled for swap data reporting to regulators later this year, submission testing for Dodd-Frank Swap Data Repository (SDR) requirements will begin 14 May.
C-View, the UK-based discretionary currency trading hedge fund manager, has selected alternative assets marketing firm MCAM Group to raise capital for the C-View Currency Managed Account Program (CMAP) and for the C-View Emerging, Developing and Minor Currency Program internationally.


Established in December 1996, C-View currently manages over USD350 million USD for a wide range of international institutional investors. The firm was set-up by former Bank of America Global Head of Foreign Exchange Paul Chappell. Since inception C-View’s core focus has been to provide consistent risk-adjusted returns through fundamental/macro-based discretionary currency management services to public and private pension funds, endowments and
In March 2012, the international derivatives exchanges of Eurex Group recorded an average daily volume of 10.1 million contracts (March 2011: 11.8 million). Of those, 7.4 million were Eurex Exchange contracts (March 2011: 8.7 million), and 2.7 million contracts (March 2011: 3.1 million) were traded at the US-based International Securities Exchange (ISE). In total, 163.1 million contracts were traded at Eurex Exchange and 58.9 million at the ISE.
In its largest segment – equity index derivatives – Eurex Exchange achieved 79.7 million contracts (March 2011: 97.2 million), of these 42.8 million were index futures and 36.9 million were index options.
The Commodity Futures Trading Commission (CFTC) today issued an order pursuant to Section 5c(c)(5)(C)(ii) of the Commodity Exchange Act and CFTC Regulation 40.11(a)(1), prohibiting the North American Derivatives Exchange (Nadex) from listing or making available for clearing or trading a set of self-certified political event derivatives contracts.
The contracts are binary option contracts that pay out based upon the results of various US federal elections to be held in 2012.
Nadex self-certified the contracts on 19 December, 2011, and on 3 January, 2012, the CFTC initiated a 90-day review period of the contracts pursuant to CFTC Regulation 40.11(c). As a
The London Metal Exchange (LME) saw record volumes transacted in LME Cobalt in March 2012 with 1,310 lots traded, the equivalent of USD40 million.
“Our cobalt contract has seen a very healthy start to the year,” says Chris Evans, head of business development at the LME. “The strong volumes show growing recognition from the cobalt industry of the LME contract.”
Volumes were up 86% in Q1 2012 compared with the corresponding period in 2011. Over the quarter, 111 tonnes were delivered in and 63 tonnes delivered out.
LME Cobalt now has 19 brands listed from nine countries
MarketAxess Holdings Inc has introduced REXIQ: Reducing Execution Costs, a new proprietary approach to analysing trading costs in the fixed-income markets that has been developed by MarketAxess Research.
In highly liquid markets such as equities, a number of sophisticated approaches are widely accepted to measure the main components of trading costs – known as transaction cost analysis (TCA) – and thereby help support customers’ best execution requirements. REXIQ is the first formal methodology for measuring transaction costs in the less liquid corporate bond markets.
Separately, new independent academic research from the University of California, Berkeley, shows that there are
Liontrust Asset Management saw net positive inflows of GBP72 million in the current quarter, according to the company’s latest trading update.
The company has also reported net positive inflows of GBP146 million in the financial year to 27 March 2012, while assets under management increased to GBP1,547 million as at 27 March 2012 from GBP1,343 million on 31 March 2011.
Liontrust earned performance fees of GBP1.4 million earned in the financial year to 27 March 2012, while five out of six of the company’s actively managed UK retail unit trusts are in the first quartile of their respective IMA sectors
