Hedge fund managers are becoming more innovative and open to negotiation over fees in return for the ability to lock in assets for longer.
According to a survey conducted by the Alternative Investment Managers Association (AIMA), managers are changing their business models and “exploring a broader set of arrangements designed to improve the alignment of interest between themselves and their investors”.
The study, In Concert, is, AIMA claims, the most extensive undertaken by the association into the design of manager remuneration, investment terms and other methods of deepening the relationship with investors.
Systematic FX manager Sequoia Capital Fund Management has reached a key landmark in its growth, the firm says, revealing that at the start of trading this month the London-based fund passed $100m in assets under management.
Douglas Garistina, CEO & CIO of SCFM, says, “We are very pleased to have received a significant capital allocation from a large institutional client that takes our business to the next level. One of the key drivers for this investment is the orthogonal returns our strategy provides to their portfolio.
Jump Trading has become the latest addition to the Foreign Exchange Professionals Association (FXPA), joining the group as a governing council member of the FX trade group.
“We are pleased to have the opportunity to participate in FXPA, which promotes active discussions around the most pressing matters in the changing FX space,” says Mark Bruce, business development, head of FICC at Jump Trading.
“The vision for FXPA is expressed in the mission statement, which is to represent the collective interests of professional foreign exchange industry participants to advance a sound, liquid, transparent and competitive global currency market to policymakers and the marketplace through education, research and advocacy. We are pleased to welcome Jump Trading to join us in this effort,” says an FXPA spokesperson.
New data from Societe Generale Prime Services shows that CTA performance was down across the board in August for its SG CTA indices.
All of the SG CTA indices were in the red last month, with 19 out of the 20 CTA Index constituent strategies ending August negatively.
The SG Short-Term Traders Index produced the lowest returns in August at – 3.41%, despite remaining the strongest performing of the managed futures indices year-to-date. The flagship CTA index also remains in solidly positive territory year-to-date at 2.19%.
Although the Parker FX Index rose 0.15% in
June, the headline number hides a mixed performance for currency managers in
the programme with only 11 of the 27 programmes reporting (three failed to do
so) in positive territory.
On a risk-adjusted
basis, the ...
Citi’s former global head of FX trading,
Jeff Feig, is reportedly seeking to establish a macro hedge fund and is talking
According to a report by Bloomberg, Feig has teamed up with Chris Fahy, with whom he ...
Whether more buy side FX trading activity will shift into order books, and how long this shift could take, was a key discussion point in a webinar examining FX market structure on Tuesday.
During the webinar, hosted by Greenwich Associates, ...
In addition to more
volatile markets, hedge fund managers are facing the additional challenge of
more active investor behaviour according to Credit Suisse’s mid-year Hedge Fund Investor Sentiment Survey.
The survey, which
polled over 200 global institutional investors representing almost $700 ...
thirds of small businesses in the UK are exposed to currency risks following
the Brexit vote, according to East & Partners, a banking market research
and analysis firm.
The firms’ research
shows that in the first half of 2016 all “...
Currency managers struggled in May
according to the Parker FX Index which reports a 0.31% decline for the month
with 18 of the 28 reporting programmes in negative territory.
On a risk-adjusted
basis, the Index was down 0.14%, the median return was -0.33%, while ...