Feature/Hedge funds
HAL to pay: where hedge funds think AI can really work
Some funds using artificial intelligence already; others see obstacles to its success
Best execution woes ongoing for small hedge funds
Investors prize best execution more and more as hedge funds strive to comply
Interdealer brokers need to change, say critics
“I’m just a good guy and I buy you a beer” is no longer enough
Liquidity events becoming more common, buy-siders claim
US Treasury market has seen eight intraday moves exceeding five standard deviations since 2012
Bank swaps headlock slips as Chicago prop firms join Sefs
HTG, Teza and TransMarket emerge as would-be providers of swap liquidity
CFTC to clamp down on delays in swap clearing
Agency readies STP push; Isda calls for phased approach and 10-minute limit
FCMs try to ‘off-board’ credit and commodity funds
Fee hikes are being used to drive out clients that hog capital
Video: Jean-Marc Bonnefous, Tellurian Capital Management
Bonnefous defends investment in commodities amid market turbulence
Shadow banks eye accounts receivable as lenders retreat
Hedge funds target 10–12% returns on credit risk from unpaid invoices
Harvest looks to reap investor-targeting benefits
But social media site for hedge funds creates compliance challenges
Moody's swaps bail-in bet splits banks and buy side
Asset managers wary of assumptions that make swap counterparts look stronger
Evolving reporting/valuations in $2.8trn fund admin survey
National regulator AIFMD validation checks said to be neither uniform nor consistent
Bond-CDS basis trades have 'stopped working', hedge funds say
Arbitrageurs have exited trades, leaving basis structurally higher
Investors unwise to rely on side-letter transacted with manager
Caymans court: question manager's authority and letter’s interaction with fund constitution
Mifid II will strangle package trades, industry warns
Disclosure rules may catch multi-part trades if any component is deemed liquid
CFTC steps up enforcement of data reporting violations
Agency “much more aggressive” in fining firms for reporting errors, say lawyers
Mifid II to result in massive transaction reports increase
New reporting rules bring technology challenges for managers
InfraHedge assets rise as other MAPs stagnate
State Street says managed accounts rise due to stripped-back, cut-price service
Vietnam moves to set up bond and equity index futures markets
A new decree sets out legal framework for establishing futures market
EU SFT rules on collateral consent create legal conundrums
Reuse, title transfer, reporting and derivatives in scope scrutinised
Aussie pension funds move into liquid alternative strategies
A popular approach in US and Europe, now Australian schemes are taking note