Sat, Sep 20, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Saxos chairman reports 'massive change' in hedge fund activity

Friday, August 17, 2012

amb
Nick Beecroft
By Beverly Chandler, Opalesque London:

Saxo Capital Markets, a wholly owned subsidiary of Danish bank, Saxo Bank Group, has found that hedge funds have adapted their use of foreign exchange markets to mirror how the markets have been behaving since the financial crisis.

In an interview with Opalesque, Saxo Capital Markets chairman, Nick Beecroft said: "We see a massive change in hedge fund activity. Hedge funds have changed their behaviour to reflect how the market is behaving."

Saxo Bank has operated in the UK since March 2006, initially as a branch of Saxo Bank and since 1st January 2012 as Saxo Capital Markets UK Limited. The firm offers private investors online trading and investment in FX, CFDs, ETFs, Stocks, Futures, Options and other derivatives, and online wealth management for Funds, Shares, ETFs, Certificates and Bonds and online trading services to a broad institutional client base including hedge funds, Introducing Brokers and Money Managers through their trading platforms SaxoTrader, SaxoWebTrader and SaxoMobileTrader and Saxos B2B/API services. The firm considers itself in the top 10 of spot foreign exchange trading firms.

"The dominant change over the last five years, since the financial crisis broke, is this risk on/risk off behaviour that dominates all the markets now" Beecroft says. "If on the day there is bad news, such as a call for Greece to leave the Euro, you will see equity markets go down, safe have......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. SEC charges 19 investment firms and one trader for breach of Rule 105[more]

    Benedicte Gravrand, Opalesque Geneva: The Securities and Exchange Commission (SEC) started a push to enhance the enforcement of Rule 105 of Regulation M last year to uncover hedge funds and private equity firms that have illegally participated in an offering of a stock after short selling it duri

  2. Fund managers, bullish on Europe, anticipate monetary policy separation of Fed and ECB[more]

    Komfie Manalo, Opalesque Asia: At least 202 fund managers with $556bn of assets under management said that while the European Central Bank (ECB) has eased its monetary policy that sent sentiments towards Europe to pick up, the Fed is expected to hike its rate in the spring of 2015. Investor

  3. Institutions - North Carolina workers call on state pension to dump up to $6bn in hedge funds, UK pension fund criticizes hedge fund fees[more]

    North Carolina workers call on state pension to dump up to $6bn in hedge funds From Forbes.com: The State Employees Association of North Carolina this afternoon called on state Treasurer Janet Cowell to withdraw all investments in hedge funds, which appear to amount to approximately $6 b

  4. News Briefs - Limited partners of investment managers may be subject to self-employment taxes, Just one week left until NYC's Rocktoberfest[more]

    Limited partners of investment managers may be subject to self-employment taxes On September 5, 2014, the Internal Revenue Service (“IRS”) issued Chief Counsel Advice 201436049, concluding that members of an investment manager were subject to self-employment taxes with respect to their e

  5. Institutions - Adviser's faith in hedge funds unshaken by CalPERS' move Advisers weigh in on CalPERS’ decision, Gina Raimondo sees no reason to follow California’s lead, exit hedge funds, Danish pension funds step up 'alternative investments'[more]

    Adviser's faith in hedge funds unshaken by CalPERS' move From WSJ.com: Financial advisers who use hedge funds in their clients' portfolios say they aren't rethinking that approach after a huge California pension fund announced plans to exit the hedge-fund market. The decision by the Cali