Today's Exclusives

• Opalesque Exclusive: Emerging manager hedge funds and CTAs gained 0.72% in April (+3.18% YTD) [more]

  Florian Guldner, Opalesque Research: Emerging manager hedge funds and managed futures funds posted their sixth consecutive positive month in April, according to an estimation based on the data of 240 funds listed in Opalesque Solutions' Emanagers database. The Emanagers Total Index

• Opalesque Roundtable: Japan offers real opportunity for financial securities trading [more]

  From Precy Dumlao, Opalesque Asia: Fund managers who want to build a business trading in financial securities and are looking for reliable alpha generation should look at Japan, the real big story in Asia, whereas China is just the sideshow, said Peter Douglas, head of the Singapore-based hedge

Today's Other Voices

• Other Voices: Three 'game changers’ have limited contagion in European markets [more]

  This piece was authored by Melanie Rijkenberg, CFA, Associate Director, Pacific Alternative Asset Management Company Europe LLP. Since the start of the year we have seen a clear de-correlation in global markets and most n

• Other Voices: Great rotation? What great rotation? [more]

  In the article below, Alex McKnight, investment manager at GAM, an independent, active investment management firm, comments on why convertibles are catching investors’ eyes. We believe the "great rotation" is ov

More Exclusives

• 21. May. | All Edhec-Risk Alternative indexes in positive territory in April and YTD (except for Short Selling) [more]

  Opalesque Industry Update - In April 2013, the stock markets’ winning streak extended to six months. The S&P 500, with a 1.93% return, reached an all-time high while equity implied volatility rema

• 21. May. | SS&C GlobeOp Forward Redemption Indicator for May measures 3.77%, up from 2.95% in April [more]

  Opalesque Industry Update – The SS&C GlobeOp Forward Redemption Indicator for May 2013 measured 3.77%, up from 2.95% in April. Chart:

• 20. May. | Commodity firm Diapason launches fund based on tangible forestry assets [more]

  Opalesque Industry Update - Diapason Commodities Management, one of the largest independent commodity investment firms globally, a

• 20. May. | Opalesque Roundtable: Eurex expands 'co-operations’ in Asia [more]

  By Beverly Chandler, Opalesque London: Speaking at the Opalesque Singapore Roundtable 2013, sponsored by Eurex,

• 20. May. | Opalesque Exclusive: Ahead of the vote: shareholder AFSCME speaks up on Jamie Dimon, JP Morgan vote [more]

  Bailey McCann, Opalesque New York: Last year, the American Federation of State, County and Municipal Employees (AFSCME) pension fund, one of the shareholders of JP Morgan, brought an advisory proposal to the annual shareholder meeting that would split the roles of Chairman and CEO at the bank.

• 20. May. | Opalesque Exclusive: Institutional investments in hedge funds up 56% to $2.3tln by 2017: hedge fund news, week 20 [more]

  A Citi Prime Finance report said that global institutional investment in hedge funds would increase 56% to $2.3tln by the end of 2017 from the end of 2012,

• 17. May. | HFRX Global Hedge Fund Index gains 1.16% through mid-May (4.98% YTD) [more]

  Opalesque Industry Update - Hedge funds posted a 7th consecutive monthly gain through mid-May, with the HFRX Global Hedge Fund Index gaining +1.16% ; the HFRX Market Directional als

• 17. May. | HFRU Hedge Fund Composite Index rises +1.43% through mid-May (3.77% YTD) [more]

  Opalesque Industry Update - UCITS compliant Hedge Funds posted the strongest gain since HFRU launch, with the HFRU Hedge Fund Composite Index rising +1.43% through mid-May. • HFRU E

• 16. May. | Newedge CTA index up 1.45% over April, 4.36% year to date [more]

  Opalesque Industry Update - Eight of Newedge’s 11 hedge fund indices showed positive performance during the month of Ap

• 16. May. | Opalesque Exclusive: New research examines quantitative trend following as an equity risk hedge [more]

  Bailey McCann, Opalesque New York: New research from Nigol Koulajian founder and CIO, and Paul Czkwianianc, Head of Research at Quest Partners, a New York-based systematic fund, looks at how quantitative trend following could be used

• 16. May. | Opalesque Exclusive: Stratton Street predicts China and Australia currency link will be first of many [more]

  By Beverly Chandler, Opalesque London: May saw China and Australia agree a deal to directly trade the Australian dollar and the renminbi. Andy Seaman, Partner and Portfolio Manager, Stratton Street, explains that this

• 16. May. | Opalesque Roundtable: A $20m hedge fund in Singapore cannot be profitable [more]

  From Komfie Manalo, Opalesque Asia: Starting a hedge fund with $20m or less in capital in Singapore is no longer profitable said Christian Stauffer, founder and CEO of Eurofin Asia Group (EFA). Stauffer was one of the guests in the latest

• 15. May. | Barclay CTA Index gains 1.11% in April (+2.11%); systematic traders up 2.46% YTD [more]

  Opalesque Industry Update: Managed futures gained 1.11% in April according to the Barclay CTA Index compiled by BarclayHedge. The Index is up 2.11% year to date. “Rising prices for equities

• 15. May. | RBC Hedge 205 Index up 0.08% in April, (+4.23% YTD) [more]

  Opalesque Industry Update: RBC Capital Markets today reported that for the month of April 2013 the RBC Hedge 250 Index® had a net return of 0.80 percent. This brings the year-to-date return of the

More Other Voices

• 02. May. 2013 | Other Voices: The changing role of hedge funds in pension plan portfolios [more]

  This article was authored by Shahid Ikram, CIO at Aviva Investors, a global asset manager that is part of Aviva, one of the world’s largest insurance companies, and appeared first in Swiss daily newspaper Le Temps on Monday. Mo

• 02. May. 2013 | Other Voices: How the JOBS ACT will benefit hedge fund investors [more]

  This article was authored by Donald A. Steinbrugge, Managing Member of Agecroft Partners LLC, a third-party marketer based in Richmond, VA, U.S. It has been recently covered in the media that Mary Jo White, who became SEC chair

• 16. Apr. 2013 | Other Voices: A primer on AIFMD for U.S. advisers [more]

  This article was authored by Deborah Prutzman, Founder and CEO of New York based-RFG, which provides, among other things, regulatory and risk guidance. AIFMD—As a U.S. adviser, are you within its scope and can you avoid its reach?

• 05. Apr. 2013 | Other Voices: Ikos's Elena Ambrosiadou asks: "Has anyone learnt anything from the recent Cyprus maelstrom, and will it make a difference?" [more]

  This piece was provided by Elena Ambrosiadou, chief executive officer of Ikos Asset Management. Cyprus is in the middle of a financial maelstrom - where did it come from and what needs to be done about it now? Cyprus is the third

• 27. Mar. 2013 | Other Voices: Chasing shadows: should hedge funds shadow administrators? [more]

  This article was provided by Bijesh Amin, Co-Founder/Managing Director at Indus Valley Partners. To shadow or not to shadow At least that is the question facing many large hedge funds with assets well above the magical $1bn mark. The production of a portfolio NAV (Net Asset Value) is

• 08. Mar. 2013 | Other Voices: Demand for Change Post-Madoff - Due diligence in a changing economy [more]

  This article was provided by Zabrina T Barile and Wendy Toribio-Torres of HedgeOp Compliance, an IMS Group Company. The Madoff Investment Securities scandal in 2008 prompted significant reforms to the rules and regulations that govern the investm

• 27. Feb. 2013 | Other Voices: Regulatory change causes increased demand for AML programs [more]

  This article was provided by HedgeOp Compliance, an IMS Group Company. Anti-money laundering (AML) procedures, already in existence, were further enhanced by the US Patriot Act enacted by Congress in 2001 to amend the Bank Secrecy Act (BSA), ini

• 21. Feb. 2013 | Other Voices: Regulatory cases - Accident analysis of three regulatory complaints [more]

  This analysis was provided by Zurich-based due diligence service provider SwissAnalytics Ltd. Regulatory Complaints are informative, but often too late Regulatory complaints can usually only serve as an inspection after

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Systematic exploitation of structural inefficiencies in currency markets

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A SQUARE 10 May 2013

Agriculture, Water, Energy Read More

CME- Australian Dollar vs. U.S. Dollar - Daily

Near Term Trend: Negative
Friday’s Close: 0.97250 (- 80)
UPDATE: Seven weeks ago, we called for a cap in Aussie 1.0400. Following that observation, Aussie hit a high of 1.0384, and immediately sold off to 1.0222.
In out last report we observed, a bounce higher could be feasible, however I believe even a bounce will not allow Aussie to trade above 1.01850. Subsequently, the bounce never materialized and this past week Aussie traded to its lowest point since June 2012.
I will buy Aussie at present levels and place a 0.9930 close only stop (U.S. pit trading).