Hedge funds
Volatility and correlation don’t measure what you think
Incorrect assumptions about volatility and correlation can have an impact on trading and hedging decisions
SEC report reveals chinks in managers' cyber defences
US managers fall down on contingency plans and knowledge of vendors’ cybersecurity, SEC examination reveals
SEC guidelines on insider trading cases under fire
The Securities and Exchange Commission pushed the boundaries over insider trading, say Wall Street lawyers; now a court has pushed back
Northill: bubble building for direct lending strategies
Northill Capital founder Jon Little explains the company’s strategy to acquire up to 10 asset management businesses
Equity derivatives in scope for FTT, say experts
Experts say a limited, phased-in European tax on equities and equity derivatives might be back in scope through an FTT by January 1, 2016
Risk assessment warning for medium-term investment horizons
Is it possible to appraise the riskiness of a strategy with medium-term investment horizons by using data alone?
Grim repo: clearing touted as saviour for shrinking market
Four clearing houses are working on buy-side repo services – a possible saviour for a market suffocating under the weight of the leverage ratio – but the risk management and operational challenges are severe. Kris Devasabai reports
FCA's Annex IV reporting system back up and running
The UK regulator says it will be more lenient to tardy alternative investors as it works to resolve Annex IV glitches
CME and LCH.Clearnet prep buy-side repo clearing
Clearing giants CME and LCH.Clearnet are set to challenge the DTCC and Eurex for buy-side repo business
Weavering's Peterson jailed for $500m swaps fraud
While some may see $500m fraud as a failing of regulation, court filings suggest that adequate due diligence would have raised any investors’ suspicions
US natural gas hedge fund shuts down
Roaring Fork says poor liquidity in energy derivatives foiled its trading strategies
Evolving post-trade requirements in the new regulatory environment
As hedge funds face increased regulatory change, will the outsourcing of post-trade services become more prevalent in the industry? An upcoming Hedge Funds Review webinar, sponsored by the Depository Trust & Clearing Corporation (DTCC), will examine the…
Mifid II to cause shake-out in hedge fund derivatives trading
The Markets in Financial Instruments Directive II is set to introduce a level of uncertainty and complexity for hedge funds that will influence how and what they trade
‘Grexit’ and radical Greek bond restructuring not expected
While the eurozone braces for tough negotiations between the newly elected Greek leftist government and the country's international lenders over the country’s debt, a haircut on the principal is not expected
One in 12 alternative firms to face SEC action
Alternative investment firms must adapt to survive the ‘age of enforcement', says Cordium
Primes re-pricing and exiting their tails
Prime brokers must decide on day one if start-up hedge funds are likely to reach the magic $300 million level
Mariner: improve liquidity with non-bank broker dealers
Market liquidity constraints could be fixed with broader participation in the dealing of corporate debt, more efficient application of existing regulation and technology enhancements, managers say
Event driven boosted in 2014 by $43 billion flows
Event driven funds reached $582 billion through the end of November 2014
Ukip sees influx of hedge fund money
The UK Independence Party has received more than £160,000 in donations from members of the hedge fund industry
Swiss franc fallout claims hedge fund victims
Macro funds from London to New York have been knocked out by the SNB's decision to call time on its euro-franc currency floor
Barclays attempted to cancel Swiss franc trades
Bank and buy-side counterparties are renegotiating euro-franc trades executed with Barclays after the British firm looked to cancel some forex trades following events on January 15
Allianz plans to expand low-risk alternatives
The fast-growing alternatives unit of Allianz shows there is room in the market for low-risk, low-returning investments
Complexity and returns behind PFZW decision to ditch hedge funds
Industry experts highlight governance costs, scale, manager selection and fees as the top pull-out factors for pension funds dropping hedge funds
Bond holdout provisions ‘could be challenged as oppression'
New collective action clause provisions that aggregate voting across all series of bond issuances, requiring a much larger stake in order to achieve holdout, could be challenged as an oppression of a minority, say lawyers