Tuesday, 25 November 2014
Last updated 5 hours ago
Nov 30 2009 | 10:25am ET
JPMorgan Chase has launched a series of alternative beta indices, with plans for a fund based on them for next year.
The Alternative Index Series features 26 indices, covering equities, interest rates, foreign exchange and commodities. The indices use momentum, carry and satellite strategies.
“There is no generally accepted framework for thinking about alternative beta,” Thomas Salter, head of equity derivatives product development, told the Financial Times. “We’re talking about creating indices that characterize the market in a transparent and credible way.”
The indices are fully tradeable, Salter said. And JPMorgan plans to profit from that, launching a UCITS III-compliant fund tracking several of them next year.
Nov 4 2014 | 9:45am ET
Data management is important to every business, but for hedge funds, it is critical. FINalternatives recently asked Peter Sanchez, CEO of Northern Trust Hedge Fund Services, how fund managers can deal with the demands of managing data while at the same time remain transparent and abide by operational best practices. Read more…
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