Sun, Jul 24, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

IKOS reports excellent fund performance for May and 2010, completes NFA audit

Monday, June 14, 2010
Opalesque Industry Updates - IKOS today reported excellent fund performance in May 2010, with IKOS FX up 6.82% (+17.43% YTD), IKOS Futures up 5.83% (+10.70% YTD), and the IKOS Hedge Fund returning 3.05% (+5.26% YTD), whilst the HFRX Global Hedge Fund Index was down 2.64% and the UCITS HFS Index lost 1.08% in the month.

On 11 January 2010, the NFA, which regulates futures activities, commenced a routine desk audit of IKOS CIF Limited.

IKOS established a team comprising the Director of Finance and Compliance, George Constantinides, IKOS’ General Counsel, as well as the Financial Controller, Operations Manager, and three Accountants, to work closely with the NFA auditors during all phases of the audit.

IKOS’ commitment to upholding the NFA’s standards, and the wider adherence to best practice and regulatory compliance, was reflected and reaffirmed in the successful completion of the audit. This further reflects the governance ethos focusing on systems, processes and controls initiated by IKOS and put at the centre of the Board's agenda. The Board's focus on compliance has seen the appointment of a Risk Manager and the establishment of a Risk Management Committee, which reports directly to the Board.

The completion of the audit follows IKOS’ attainment of a SAS 70 Type I Report in March 2010, which concentrated on the completeness and effective design of the firms’ internal controls. This will be supplemented by a SAS 70 Type II Report later this year which will further test the effective operation of these controls.

In addition to complying with the standards set by the NFA, IKOS is also regulated by the CySEC in Cyprus as well as the SEC and CFTC in the US.

ABOUT IKOS
IKOS launched its first fund in 1995. With more than 75 professionals and $1.7 billion in assets under management, IKOS operates a global infrastructure from its Cyprus headquarters, utilizing execution sites, and research facilities in a number of locations including New York, Tokyo, London, and Vienna.

The firm is a specialist in global quantitative trading of all asset classes using strategies which apply the scientific method to investment management. IKOS creates state of the art proprietary technology to capture Alpha from markets which are becoming increasingly electronic. Over the years, IKOS’ investment programs have benefited investors through consistency of returns, asset protection and risk reduction.

In 2009 the IKOS FX Fund was awarded the EuroHedge Fund of the Year Award in the Managed Futures and Currency category. IKOS is now launching a UCITS III FX Fund in partnership with Deutsche Bank. The IKOS Currency Strategy has been available on the dbSelect Platform since 2006, and became available on the WR platform in 2010. Corporate website: www.ikosam.com

- FG

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
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. Opalesque Exclusive: California-based manager launches long/short equity hedge fund with unique algorithm[more]

    Benedicte Gravrand, Opalesque London for New Managers: SJL Capital LLC, an investment advisory firm based in California, has launched its maiden fund, the SJL MarketDNA Hedge Fund LP. The fund, which began trading

  2. Manny Roman to move from Man to Pimco[more]

    Benedicte Gravrand, Opalesque London: Emmanuel (Manny) Roman, an investment world veteran, has been hired by PIMCO, the large US bond fund house, as chief executive officer. PIMCO's current CEO Douglas Hodge will assume a new role as managing director and senior advisor when Roman joins P

  3. HFR: Hedge funds post strong gains in mid-July as markets recover from Brexit losses[more]

    Komfie Manalo, Opalesque Asia: Hedge funds posted strong gains through mid-July as the equity markets continued the recovery from Brexit losses. The HFRX Market Directional Index gained +2.17% (+4.22% YTD) and the HFRX Global Hedge Fund Index gained +1.03% through mid-month (+0.19%

  4. News Briefs - Carlyle goes on trial for a financial-crisis meltdown, Private equity and venture capital outperformed public markets in 2015, Pippa Middleton gets engaged to hedge fund manager James Matthews[more]

    Carlyle goes on trial for a financial-crisis meltdown Carlyle Group co-founder Bill Conway was in court on this small island last week recounting one of the most bruising episodes in his private-equity firm’s history: the 2008 collapse of mortgage-bond fund Carlyle Capital Corp. Carlyle

  5. …And Finally - Two men fall off cliff playing Pokemon Go[more]

    From BizarreNews.com: Two men who fell from a seaside cliff north of San Diego told authorities they became distracted while playing augmented reality game Pokemon Go. Encinitas fire Battalion Chief Robbie Ford said one of the men fell about 50 feet down the bluff in Encinitas while the other man fe