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[22Oct09] A SQUARE: Exotic ETFs Exotic ETFs, the ETF market and a regulatory update
[28May08] ETF Special A SQUARE ETF Special
[07May09] In practise ... the new Stanford Theory "One should not underestimate the value of investability."
[29Jan09] Investing in Gold ETF&ETC snapshots Globally, physical gold ETCs have now accumulated USD30 bn in assets and trade up to USD1 bn per day
[20Feb07] Dr.Christian Gast Q & A And how they are being used in portfolio allocation
[19Dec07] Expertise on event-linked bonds and extreme event risk We distinguish extreme, or ’super-catastrophic,’ events from other catastrophes in terms of their size (total insured losses, or the like) and occurrence frequency.
[14Nov07] Unique Strategies - Part II, FoF A FoF that identifies “unique risk premia” and invests in “emerging strategies” such as reinsurance, energy and asset backed investing
[06Nov07] Unique Strategies - Part I Broadly, alternative beta reflects exposure to risk premium in one of the alternative sectors.
[05Sep08] Why do you believe “alpha” can be isolated and ported "...we would suggest that the half-life of alpha continues to shorten at an increasing rate."
[05Sep08] "True Exposure" Focus is not as much on valuations, as it is on how those valuations might change
[23Jan09] A Fund as a Primary Factor or Re-factor While commercial banks have long been the primary source of factoring finance, there are structures that make it possible for a private fund to stand in those shoes instead, as a primary factor or, more likely as a re-factor.
[13Aug09] A SQUARE Special: Film/Entertainment led financing webinar download Have Film/Entertainment led financing strategies proved to be recession proof?
[17Jul07] Expertise on performance optimisation The equity investors are poorly positioned in typical film fund investment vehicles which rely heavily on tax rebates, debt financing and cross collateralisation - with inequitable fee structures, overheads and producer salaries.
[05Feb09] A Film Production Financing Fund Targeted returns: 13%-16% net annual
[07Oct08] Loan based film fund The fund will not depend on the commercial success of the film to recoup its investment
[15May08] Webinar: Film Financing Investment Opportunities Equity and debt financing opportunities in film entertainment
[11Oct07] Film-financing the traditional way Player has been serving independent film producers for over 25 years
[24Jul07] Barbarian - Structured Film Investment Fund The Fund concentrates on films budgeted at less than USD10 mn
[06Jun07] Octave Trade Fund: Structured finance, syndication - as applied to Trade, Commodity Finance The Octave Trade Fund is an alternative investment vehicle that specialises in structured finance, specifically, in inventory finance, trade finance, and asset based lending.
[16May07] Ingenious - financing film distribution fund Film distribution is one of the most profitable yet underinvested parts of the global film industry. For investors, the fund gives diversification and exposure to the most secure revenue stream in film with an attractive risk/return profile
[09Jan12] A SQUARE 09 Jan 2012 A return, risk analysis of Permanent Interest Bearing Shares (PIBS)
[28May09] A currency index and a fund The index tracks the excess returns generated by a portfolio of currency managers and currency investment strategies and themes
[21May09] A fund that trades G10 currencies, futures and index options 2009 performance (Share Class A) up to of 31 March 2009 is +7.73%
[23Apr09] Systematic exploitation of structural inefficiencies in currency markets Exposure to a universe of 70 currency pairs (depending on each model's signals, each strategy invests in 5-14 currency pairs)
[12Sep08] Currency pair mean reversion, equilibrium - exploited in a portfolio We also have some evidence that the adjustment toward equilibrium levels tends to be non-linear. This means that currencies with larger misalignments are increasingly likely to mean-revert rapidly.
[21Aug07] FX Series With Hathersage Capital – II Our experience, as early FX option market makers has taught us to be long as opposed to being short gamma, since extreme events or markets can wipe out option sellers.
[14Aug07] FX Series with Hathersage Capital – I Foreign exchange (FX) absolute return is one of the purest forms of uncorrelated alpha and, unlike many alpha sources, requires little or no funding
[13Mar07] FX check Allocating to currency will be seen as a vital component of any well designed investment portfolio … and more
[30Jan07] PGS FX Alpha Edge The first investible foreign exchange index
[21Nov07] A hard asset niche fund that focuses on grain-based commodity arbitrage Due to the fragmented nature of suppliers, financing, transporters and distributors, structural inefficiencies arise
Komfie Manalo, Opalesque Asia: Skënderbeg Funds AGmvK, an investment fund for qualified investors under Liechtenstein law, said it does not believe that the ample liquidity being provided by central banks has the capacity to continue to push asset p
Komfie Manalo, Opalesque Asia: The UK Financial Conduct Authority (FCA) recommended, in February that asset management firms consider the frequency and quality of their trainin
In the week ending 24 April, 2015, there are now more hedge funds launched than ever as investors have the choice of an estimated 10,149 hedge funds and funds of hedge funds as of March 31; BlackRock has launched two new funds which provide investors with hedged exposure to European and Japan
Opalesque Industry Update - Altegris, a provider of alternative investment strategies, announces the launch of the Altegris KKR Commitments Fund. The Fund offers accredited investors an opportunity to gain diversified exposure to KKR by committing to three different forms of private equity – primari
This article was authored by Ben Hunt of Salient Partners, L.P. as general information only and should not be taken as investment advice.
I spend a lot of my time speaking with investors and financial advisors of all stripes and sizes, and here’s what I’m hearing, loud and clear. There
Benedicte Gravrand, Opalesque Geneva: Ruane, Cunniff and Goldfarb, Inc. used to have their own IT infrastructure. Todd Ruoff, Executive Vice President in charge of trading, operations and technology, was responsible for its maintenance. Then he started looking at outsourced providers a couple of
Benedicte Gravrand, Opalesque Geneva for New Managers: A hedge fund manager, who last year was one of Forbes’ "30-under-3
Bailey McCann, Opalesque New York: David Einhorn's Greenlight Capital is adding shorts according to his latest investor letter released today and obtained by Opalesque. The hedge fund's portfolio had an "uneventful and unprofitable" quarter according to the letter, which could be prompti
In the week ending 17 April, 2015, hedge funds have enjoyed their best quarter since 2013 as their big investments on the rise in the U.S. dollar paid off; the United Nations Joint Staff Pension Fund is in the final stages of deciding how it will add to its mix of alternative investments; the
Benedicte Gravrand, Opalesque Geneva: An investment manager and board member of two US pension plans talks about the plans' new allocations, and investing in hedge funds.
"With the recent drift down rates, we decided that we need to look at our fixed income portfolio, and the expected re
In the week ending 10 April, 2015, a study by the IMF suggested that “plain-vanilla” mutual funds and exchange-traded funds, as well as hedge funds, can also be a risk. The asset management manages over $75 trillion assets globally, exceeding 100 percent of world GDP, the IMF said. In part
This article was authored by Mary Beth Hamilton, Vice President of Marketing, Eze Castle Integration.
As the frequency of cyber-attacks increases, so too do the maturity of attacks and their methods of prevention and remediation. Think
Benedicte Gravrand, Opalesque Geneva: During the recent 2015 Timberland Investment Conference - UGA, Sona Blessing interviewed two timber and timberland experts, a
Bailey McCann, Opalesque New York: The original team from Churchill Financial has resurfaced and is launching a new middle market lending outfit at TIAA-CREF. The unit will be called Churchill Asset Management, and will focus on originating, underwriting and managing senior loan investments for U
Benedicte Gravrand, Opalesque Geneva: The US quantitative easing, started in late 2008 and ended in October 2014, is over and the US Federal Reserve is expected to hike interest rates this year. Opinions diverge as to whether this should be done sooner or later.
Trader speculation that the
Benedicte Gravrand, Opalesque Geneva: Lisa Mears O'Connor, Head of Global Macro Portfolio Management at State Street Global Advisors (SSgA), talks about her investment themes and trade ideas for 2015.
Matthias Knab, Opalesque: Bryan Johnson, founder of hedge fund and alternative asset marketing consultancy firm Johnson & Company, said that small hedge funds need service partners more than service providers because the former will be of greater help to address the challenges smaller and emergin
Matthias Knab, Opalesque: HFFT Alternative Limited (HFFT Alternative), a unit of HFFT Group, has obtained the alternative investment fund manager (AIFM) license that will provide its clients with a suitable solution under the directive, according to Lara Sturge, Business Development executive of
Benedicte Gravrand, Opalesque Geneva: Cyber threats are seen as real threats nowadays, so much so that President Obama on Wednesday signed an executive order aimed
This article was authored by Stephen Loosley, Catalyst Development Ltd, a financial regulations and technology advisor in London.
Compression is a technique to reduce gross notional in your OTC book without materially affecting ri
This article was written by Meredith Jones, who has more than 16 years of experience as an internationally-recognized researcher, writer, speaker and expert in the alternative investment industry.
Dear Showtime Execs,
I read with great interest (and no small amount of trepidation) abo
This article is written by Tyler Kim, the Chief Information Officer for MaplesFS, responsible for Information Technology and Data Management globally.
Institutional investors can realise direct financial benefits from position-level transparency – specifically through increasing the effi
This article was authored by Don Steinbrugge, Chairman of Agecroft Partners, a US-based global consulting and third party marketing firm for hedge funds.
It is no secret that the hedge fund industry is viewed negatively by a la
2014 brought a resurgence of managed futures strategies, or CTAs, which performed very well as a whole, outperforming all other hedge fund strategies. However, a closer look reveals that there was a wide range of performance, or return dispersion, across managers.
The bottom line? Not all CTAs
This article was authored by Koray Yesildag, Asset Allocation Specialist in the London Global Asset Allocation Team of Aon Hewitt.
Hedge funds have been a hot topic for institutional investors over the past few years, with some
This paper was authored by Andrew Beer, founder of Beachhead Capital Management LLC, New York. You can
download the full white paper here
Rollout of Options in China
By: SGX Market Updates
China financial reforms could best be summed up in the late leader Deng Xiaoping’s words, "crossing a river by feeling the stones".
On 9 February, Shanghai Stock Exchange launched China’s first financial options, the SSE50 ETF opti
Komfie Manalo, Opalesque Asia: The U.S. Treasury Department on Thursday introduced a new rule aimed at limiting hedge funds’ ability to reduce their tax bills by investing in insurance companies in offshore tax havens.
As a general rule, the U.S. tax laws does not allow hedge funds to use off
Komfie Manalo, Opalesque Asia: U.S. District Judge Thomas Griesa in Manhattan ruled yesterday that hedge funds are entitled to details of a recent bond offering by Buenos Aires, reports
Komfie Manalo, Opalesque Asia: Hedge funds finished the first quarter on a strong note and are looking to continue the rally in the second quarter, said Lyxor Asset Management in its Weekly Brief. The Lyxor Hedge Fund Index is up 0.4% over the week
Bailey McCann, Opalesque New York: The hedge fund industry produced an aggregate return of –0.17% in March to end Q1 2015 up 1.23%, compared to the S&P 500 which increased 0.96%, according to the latest data from eVestment. Hedge fund performance returns were mixed in March amid increased equity
Komfie Manalo, Opalesque Asia: According to the BofA Merrill Lynch Fund Manager Survey, investors see
growing overvaluations in both
Featuring : Almost twice as many foreign managers comply with Swiss than with AIFM distribution rules.Until the credit crisis of 2008 an estimated one third of all hedge fund assets were allocated via Switzerland. But also after the crisis, Switzerland remains one of the most important destinations for hedge funds and alternative ...» Watch the video
Near Term Trend: NeutralMonday's Trade: 126'249 (+ 19.0) Yield: 2.32%UPDATE: When the SPX recovered, from its 10% correction, during the last four weeks; yields jumped (treasury price lower) nearly 50 basis points. Two weeks ago, as the December contract was trading 127'04, we highlighted, "Near term support is 126’00, but suspect". Subsequently, the contract dropped but has held above 126'00, even in light of SPX remaining bid. No Change: Sell rallies toward 127’08.