Latest News
A tool for accurately valuing over-the-counter and exchange-traded derivatives has been launched by SuperDerivatives.
The Revaluation Investigation and Analysis system will validate valuations for complex and vanilla derivatives in all asset classes.
It is a web based interactive application which allows the user to provide a set of shifts in the underlying yield curves and volatility surfaces and the system displays the resulting valuations and associated risk measures.
The tool enables users to analyse the pricing assumption of individual trades and for price sensitivity comparison and stress testing of large portfolios of instruments. The results are shown within SuperDerivatives’s various
A survey of European ABS investors published by Bishopsfield Capital Partners reveals a positive consensus supporting increased issuance in the asset backed securitisation public market.
The survey of 26 investment managers and investment advisers active within the European ABS market shows that caution among issuers and arranging banks for new public issuance does not extend to investors.
Sixty two per cent of respondents believe new issuance will be higher over the next 12 months than in the past year, while 80 per cent believe new issues will achieve stable or tightened credit spreads.
Given the spread range on three to
Fitch Ratings says in its quarterly hedge fund newsletter that the industry has shown resilience in the face of difficult macroeconomic and market factors for the year-to-date.
However, market volatility in May highlighted funds’ exposure to systemic risk and affected many strategies, including those focused on fundamental analysis and arbitrage.
Global hedge fund assets under management have benefited from positive inflows so far this year, due to a return to absolute return management from institutional investors looking for yield and asset diversification.
Hedge funds are demonstrating a greater focus on relative value strategies in 2010 compared with last year, when
The funds in Australian Fund Monitor’s database have fallen by an average of 2.47 per cent in May, based on the results of 31 per cent of funds in the database.
This is five per cent less than the fall of the ASX 200, which fell by almost eight per cent in May.
Equity funds fared worst, down 3.75 per cent, while non equity based funds posted a positive 0.81 per cent for May, based on the 19 per cent which have reported to date.
Taking a 12 month view, equity based funds are up 14.46 per cent against the
Standard & Poor’s has launched an extended family of sub-indices based on the S&P World Commodity Index.
The S&P WCI family of indices now includes the single commodity indices and sector indices, as well as regional indices in Asia and Europe.
Launched in May 2010, the S&P WCI is the first index to consist solely of listed commodity futures contracts that trade outside of the US.
“The launch of the S&P WCI is the result of Standard & Poor’s meeting the market’s needs for an international commodity index that would complement the US focused S&P GSCI, providing all-world commodity exposure,”
European Fund Administration had a turnover of EUR63m in 2009, a 2.5 per cent rise on 2008, after tax profits amount to EUR5.1m ensuring a return of 38.2 per cent on subscribed capital after tax.
As at 31 December 2009, EFA had EUR83.2bn of assets under administration, held by 2,450 funds on behalf of 226 clients.
The number of clients in 2009 was 13.6 per cent higher than in 2008. Turnover from EFA’s direct clients rose 15 per cent. At the end of 2009, they accounted for 29 per cent of the turnover and 41 per cent of the total
The Securities and Exchange Commission has charged a New York-based money manager and his firm with fraud for touting investments he claimed were tied to the Chimay royal family of Belgium, and then stealing millions of dollars to pay his divorce lawyers and the mortgage on his house in the Hamptons.
The SEC obtained an emergency court order to freeze the assets of Guy Albert de Chimay and his firm Chimay Capital Management, alleging that they solicited investments in a vehicle known as the Bridge Loan Facility that was to pool investor funds with millions of dollars of Chimay royal
International Asset Management, a fund of hedge fund investment manager, has appointed Nan Mead as vice president of client development.
Based in IAM’s New York office, Mead will report to head of client development and marketing Andrew Cade.
She has extensive experience in marketing, sales and investor relations having previously worked at Ivy and Credit Suisse in similar marketing focused positions.
Morten Spenner, chief executive at IAM, says: "We are delighted to appoint Nan as a vice president within our client development team. Nan’s wealth of experience in marketing, sales and investor relations will further strengthen our client development team
RealTick, a multi-broker, cross-asset electronic trading platform, has expanded the suite of products provided by the Latin American investment banking and brokerage house, Bulltick Capital Markets.
The longstanding relationship now enables clients to access Bulltick’s direct to market and algorithmic trading execution capabilities for the major Latin American and US markets.
In addition, clients can access Bulltick’s execution for futures and international equities.
“Regional investors are increasingly seeking trading opportunities across local, pan-regional and international markets, while at the same time international investors are increasing their exposure to the LatAm markets. Bulltick is able to service both types of investors
The Newedge CTA Index fell by 1.51 per cent in May, bringing its year-to-date performance to +2.06 per cent.
The Newedge CTA Index top performances for May included Boronia Diversified Fund, up by an estimated 4.32 per cent, IKOS Financial USD, up 3.07 per cent, and Kaiser Trading Group, up 2.90 per cent.
The Short-Term Traders Index rose by 1.18 per cent in May and is up 0.97 per cent YTD.
The Short-Term Traders Index top performers for the month were Conquest Capital Group (Macro), up 12.03 per cent, Kaiser Trading Group (Kaiser Trading Fund 2x), up 5.86 per cent,
