Argentina says must settle with all holdout investors together
08/27/2014 3:10:10 PM ET
BUENOS AIRES (Reuters)—Argentina's government on Wednesday [Aug. 27] ruled out further piecemeal debt negotiations with a small group of U.S. hedge funds and said the country needed to strike a deal with all bondholders who rejected past restructuring agreements as a single group.
BNY Mellon sucked into center of Argentine debt storm
08/26/2014 3:50:14 PM ET
Editor's note: This version of the story has been updated throughout.
BUENOS AIRES (Reuters)—Bank of New York Mellon found itself front and center of Argentina's debt battle on Tuesday [Aug.
CME says trading halt linked to software reconfigurations
08/25/2014 3:53:37 PM ET
CHICAGO (Reuters)—CME Group Inc., the world's largest futures exchange operator, said it halted trading on its electronic platform for four hours on Monday [Aug.
Citigroup names James Boyle as global head of equity derivatives
07/25/2014 3:26:55 PM ET
HONG KONG (Reuters)—Citigroup Inc. has named James Boyle as global head of equity derivatives, according to an internal memo, replacing Simon Yates who left for New York hedge fund Two Sigma Investments LLC in early July.
ISDA names O'Malia as CEO
07/23/2014 3:34:58 PM ET
HONG KONG (Reuters)—The International Swaps and Derivatives Association (ISDA, a global derivatives trade group, said on Wednesday [July 23] it had appointed leading U.S.
Buy Side Steps Up, and Streamlines: TABB Group Study
By Rich Blake, HedgeWorld
05/04/2010 10:02:17 AM ET
NEW YORK (HedgeWorld.com)—As money managers engage in increasingly sophisticated trading methods while encountering more compliance pressures, the push to invest in technologically advanced Order Management Systems (OMS), and separate Execution Management Systems (EMS), has never been greater, according to a soon to be released TABB Group study which surveyed 118 buy-side trading desks.
By HedgeWorld Staff
08/20/2008 3:59:29 PM ET
Penserra, BIDS Trading in Agreement
NEW YORK (HedgeWorld.com)—Agency broker Penserra Securities and BIDS Trading on Wednesday [Aug. 20] announced an agreement whereby Penserra's institutional investor client base will get direct access to the BIDS Trading crossing system.
Millionaire investors catch Australia's high-yield express
08/26/2014 11:35:36 AM ET
SYDNEY (Reuters)—Australia's embryonic high-yield bond business is growing fast thanks to burgeoning demand from yield-starved wealthy individuals, a trend that may be loosening up the nation's conservative debt market.
Two factors are driving the surge in high-yield issuance: Higher capital costs, which mean banks are now less willing to lend to riskier unrated companies, and low interest rates globally pushing investors to take on more risk to get decent returns.
Retail investors pay price as hedge funds dominate ETFs
08/25/2014 11:07:22 AM ET
NEW YORK (IFR)—Junk-bond ETFs created for retail investors have been hijacked by hedge funds using them to make broad bets on bond prices, causing roller-coaster distortions in the high-yield market.
Funds designed for retail investors have morphed into hedging tools that sell off too suddenly, and in too great a size, for illiquid high-yield bonds to keep up.
Global financial watchdog calls for FX fix reforms, urges banks to clean up
07/15/2014 12:44:18 PM ET
LONDON (Reuters)—The world's top financial regulator on Tuesday [July 15] urged deep-rooted change to how currency benchmarks are set, encouraging market players to tighten up their governance, practices and controls rather than imposing stringent new regulation.
The proposals come in response to allegations being investigated by regulators that dealers at major banks colluded and manipulated key reference rates in the $5.
Regulators lack data to probe shadow banking sector
05/02/2014 12:51:58 PM ET
LONDON (Reuters)—Shining a light on the murky $70 trillion world of "shadow banking" is proving tricky for regulators handicapped by too little data and under pressure to boost economic growth, and this means risks may be escaping proper scrutiny.
Shadow banking, a term which annoys the sector because of its pejorative connotation, ranges from money market funds and repurchase agreements to special investment vehicles, hedge funds and securities lending.
Lipper hedge fund performance - July 2014 - Long-Short Equity (U.S. funds)
08/28/2014 9:26:39 AM ET
CHICAGO (HedgeWorld.com)—The chart below contains hedge fund performance data from the Lipper Hedge Fund Database for all U.S. funds open to investment.
Lipper hedge fund performance - July 2014 - Long-Short Equity (all funds)
08/28/2014 9:22:58 AM ET
CHICAGO (HedgeWorld.com)—The chart below contains hedge fund performance data from the Lipper Hedge Fund Database for all funds open to investment. Performance listed is absolute performance.
Opinion: Past, Present and Future of Alternative Funds Market
By Brian Macallister, Ledgex Systems
02/28/2014 6:04:50 PM ET
It's been less than 50 years since the fund of funds model came on the investment scene, and that short history has been anything but dull. Born in the 1970s, American fund of funds took off in the '80s and '90s, and then hit a major stumbling block in 2008, when the widespread financial crisis unearthed deep challenges around liquidity.
Opinion: Managers improve, but scale kills
By James Saft, Reuters
02/26/2014 5:39:21 PM ET
Fund managers are getting better, but active fund management is getting worse.
Yes, I realize that is a bit like saying improved medical care is causing us to lose more patients, but this is indeed the upshot of new research and it should put investors in a quandary.