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Category Archives: Managed Futures

Managed Futures news updates from John Lothian News.

Asia Pacific News from John Lothian News – August 1, 2017 Standard

Lead Stories How to fix Hong Kong’s markets Chris Wright -Euromoney Everyone has a complaint about how Hong Kong’s markets are run, whether it is cornerstones, regulation, secret orders, or simply poor performance. How does HKEx get the environment right when everyone has a different idea of what is wrong? https://goo.gl/dmP8mS How China’s biggest bank became ensnared in a sprawling money laundering probe By ANGUS BERWICK and DAVID LAGUE – Reuters Part 1: When Chinese residents of Spain needed to get piles of illicit cash back home, police allege, they found an accomplice in the Industrial and Commercial Bank of…

JLN Managed Futures: Preqin – CTAs Gaining Assets as Investors Increase Allocations; Barclay Hedge Fund Index Gains 0.78% in May; Managed Futures To Lead Hedge Funds? Standard

Observations/Commentary The Taming of the SkewCampbell & CompanyThis paper examines the sources of skewness in trend following portfolio returns. Investors are often concerned about the negative skewness of equity returns, especially when equity markets fall, and look for strategies like trend following to improve risk-adjusted returns. Campbell concludes that skewness is simply an outcome of varying risk through time, and argues that the ultimate decision of whether or not to vary risk over time depends on the investor’s objective: to diversify or to complement other investments.go.campbell.com/TamingoftheSkew2016 **JK: Who says white paper titles are dull? The hedge fund industry needs a…

JLN Managed Futures: Preqin – CTAs Gaining Assets as Investors Increase Allocations; Barclay Hedge Fund Index Gains 0.78% in May; Managed Futures To Lead Hedge Funds? Standard

Observations/Commentary The Taming of the SkewCampbell & CompanyThis paper examines the sources of skewness in trend following portfolio returns. Investors are often concerned about the negative skewness of equity returns, especially when equity markets fall, and look for strategies like trend following to improve risk-adjusted returns. Campbell concludes that skewness is simply an outcome of varying risk through time, and argues that the ultimate decision of whether or not to vary risk over time depends on the investor’s objective: to diversify or to complement other investments.go.campbell.com/TamingoftheSkew2016 **JK: Who says white paper titles are dull? The hedge fund industry needs a…

JLN Managed Futures: ‘$1bn Club’ Managers Hold 88% of all Hedge Fund Capital; Distribution Of Alternative Investments Through Wirehouses; Liquid alternative mutual funds leave investors disappointed Standard

Observations/Commentary Today’s NFA: Have you Noticed Anything Different?By Doug Ashburn – JLN We recently did a two-part video interview with Dan Roth, CEO of the National Futures Association. He offered up an honest assessment, in my opinion, of the state of the agency in the wake of the MF Global and Peregrine Financial Group bankruptcies that rocked the industry in 2011 and 2012. In Part 1, Roth summarizes the internal changes made at the NFA, from its audit and hiring practices to the delivery of information to NFA members and market participants. Watch Part 1 Part 2 is a summary…

JLN Managed Futures: ‘$1bn Club’ Managers Hold 88% of all Hedge Fund Capital; Distribution Of Alternative Investments Through Wirehouses; Liquid alternative mutual funds leave investors disappointed Standard

Observations/Commentary Today’s NFA: Have you Noticed Anything Different?By Doug Ashburn – JLN We recently did a two-part video interview with Dan Roth, CEO of the National Futures Association. He offered up an honest assessment, in my opinion, of the state of the agency in the wake of the MF Global and Peregrine Financial Group bankruptcies that rocked the industry in 2011 and 2012. In Part 1, Roth summarizes the internal changes made at the NFA, from its audit and hiring practices to the delivery of information to NFA members and market participants. Watch Part 1 Part 2 is a summary…

JLN Managed Futures, Multi-strategy and CTA funds continue to gain popularity and net inflows; Appetite for hedge funds rises as investors ramp up the risk; Hedge Funds Year-to-Date Returns in Positive Territory for First Time in 2016 Standard

Observations/Commentary How did Ackman get so Marrried to this Valeant TradeRCM’s Attain Alternatives BlogThe answer lies in what type of investor he is. He picks the stocks he believes in. He’s a feelings investor. And when it doesn’t go his way – he goes ‘activist’ as they call it, pushing his way onto the board and pushing the company through the large ownership percentage to change this. He’s been nothing if not popular with this strategy – continuously in the news headlines. But this trade highlights the ENORMOUS differences between human based discretionary program such as Pershing Square and their…

JLN Managed Futures: Redemptions Continued In March, Q1 Flows Negative; 4 cyber security keys for CTAs; Commodity Hedge Funds Are Hot Again Standard

Observations/Commentary BlackRock Capital Market Assumptions BlackRock Institutional The BlackRock Investment Institute publishes capital market assumptions every quarter. We cover two time horizons: long-term equilibrium capital markets assumptions that can be used as key inputs for strategic asset allocation, and five-year assumptions that take into account how we think current economic and market conditions will play out in the medium term. bit.ly/1QFzP8e ***DA: This graph was sent along to us last week. Given the tepid forecast for traditional assets, perhaps alternatives deserve a greater look. 180 Years of Market Drawdowns by Ben Carlson – A Wealth of Common Sense “We tend…

JLN Managed Futures: Managed Futures March Performance; CTA strategies finish first quarter in positive territory despite March dip; Computer trading gains help Man Group weather market storm Standard

Observations/Commentary 2016 Exchange CEO Series: Nasdaq Futures’ Magnus Haglind Bullish On Energies JohnLothianNews.com Nasdaq Futures (NFX) shook up the energy futures space last year with its entry into the energy exchange space in July 2015. Now the company is looking to gain some ground on its established competitors, CME Group and Intercontinental Exchange. With gas oil and natural gas futures now attracting acceptable volumes for NFX, CEO Magnus Haglind told JLN that the exchange is thinking about offering Brent, WTI and other energy futures. Beyond that, Haglind said it plans to introduce options as well on those products. Watch the…

JLN Managed Futures: One size does not fit all in hunt for alternative investment asset classes; Investors Pull Cash From Hedge Funds as Returns Lag Market; Size ‘nearly As Attractive’ As Returns For CTA Investors Standard

Observations/Commentary One Step Ahead: Can Silicon Valley Help, Compliance? If you are chief compliance officer at a firm – brokerage or fund – what if you could tell if the customer or one of your traders was about to do something bad, wrong or illegal? The operative words are “about to.” Chicago-based start-up Neurensic says its can do this now using artificial intelligence technology to identify behaviors that could threaten a firm’s well-being and prevent that firm, bank or broker from incurring regulatory actions that trigger hefty fines. Last fiscal year, the Commodity Futures Trading Commission reported a record $3.14…