Wed, Jan 28, 2015
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. Investing - U.S. investors favor currency hedged Europe ETFs as euro tumbles, Quants win back investors as Swiss franc fuels volatility gains, David Einhorn's $7bn hedge fund is loading up on this stock, Hedge fund BlueMountain Capital unveils Ocwen Financial short, claims default on notes[more]

    U.S. investors favor currency hedged Europe ETFs as euro tumbles From Reuters.com: U.S. investors stung by the falling euro who want to stay invested in Europe are turning to exchange-traded funds designed to strip out the impact of the region's currency. The biggest among so-called "cur

  2. News Briefs - Millennials use tech tools to jump into investing, Winklevoss twins to launch bitcoin exchange with FDIC insured deposits, Robertson’s legacy from hedge funds to New Zealand, Real estate managers exploring smaller open-end funds[more]

    Millennials use tech tools to jump into investing It is the Facebookification of monetary investing. From social networking platforms that enable young investors to stick to every other's stock-picking mojo, to internet sites for initially-timers hungry for a piece of the Silicon Valley

  3. Comment - Why invest in hedge funds if they don't outperform the market?[more]

    From Forbes.com: Hedge funds have always been a bit exotic and an enigma to some, but bottom line they are supposed to produce good returns using a range of strategies including global macro, event driven and relative value (arbitrage). And, sophisticated or high-net-worth individuals (HNWIs) could

  4. Owen Li 'truly sorry' for blowing up $100m of hedge fund’s assets[more]

    From CNBC.com: A hedge fund manager told clients he is "truly sorry" for losing virtually all their money. Owen Li, the founder of Canarsie Capital in New York, said Tuesday he had lost all but $200,000 of the firm's capital—down from the roughly $100 million it ran as of late March. "I take r

  5. Indices - Barclay CTA Index gains 7.71% in 2014; largest traders return 12.31% for the year, Wilshire Liquid Alternative Index family outperforms investable hedge fund index counterparts in 2014[more]

    Barclay CTA Index gains 7.71% in 2014; largest traders return 12.31% for the year The Barclay CTA Index compiled by BarclayHedge gained 7.71% in 2014. The Barclay BTOP50 Index, which measures performance of the largest CTAs, was up 12.31% in 2014. “The BTOP50 had a strong finish, e