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BNY Mellon Consultant 360- Volume IV 2014
October 31, 2014--Driving Hedge Fund Growth: Managed Accounts
Managed accounts thrive on transparency, liquidity & control. Andrew Lapkin, CEO of BNY Mellon HedgeMark provides a lens into the benefits of dedicated managed accounts as a mechanism to invest in hedge funds including the ability to customize mandates and structures and the potential for fee compression.
"For large institutional investors, there is a lot of pressure to generate consistent returns, minimize volatility, especially on the down side, and, in the current low interest rate environment, it’s become a challenge for investors to meet their hurdle rates."
It’s All About...The Data
Rob teDuits, head of business development for financial institutions shares his perspective on how firms are looking at data to acquire additional assets.
The Generation Game: Savings for the New Millennial
BNY Mellon's global study of Millennials reveals the market is once again shifting away from wealth consumers to wealth accumulators. Markets around the world face a unique set of challenges in accommodating this generation. The time is now to help your clients see the impact through a different prism.
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Source: BNY Mellon
CFTC.gov Commitments of Traders Reports Update
October 31, 2014--The current reports for the week of October 28, 2014 are now available.
view updates
Source: CFTC.gov
STOXX Europe 600 Licensed To Us-Based Investment Manager ALPS
October 31, 2014--STOXX Limited, a leading provider of innovative, tradable and global index concepts, today announced that the STOXX Europe 600 Index has been licensed to ALPS, a leading US-based investment management specialist, to serve as the basis for an exchange-traded fund (ETF). The ETF will be listed on NYSE Arca today.
This is the first time that the STOXX Europe 600 has been licensed to underlie an ETF in the United States. Currently 10 exchange-traded products (ETPs) are available on the index globally.
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Source: Stoxx
Report on U.S. Portfolio Holdings of Foreign Securities at End-Year 2012
October 31, 2014--1The findings from the annual survey of U.S. portfolio holdings of foreign securities at year-end 2012 were released today and posted on the Treasury web site.
The survey was undertaken jointly by the U.S. Department of the Treasury, the Federal Reserve Bank of New York, and the Board of Governors of the Federal Reserve System.
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Source: US Department of the Treasury
S&P Dow Jones Indices-U.S. Index Dashboard-October 2014
October 31, 2014--In spite of a mid-month plunge, both the S&P 500(R) and the Dow Jones Industrial Average(R) closed October at all-time highs. Defensive strategies thrived, with the S&P 500 Low Volatility index ending up 5%.
Though volatility spiked during the period, the end result was fairly muted, and the S&P 500 VIX Short-Term Futures index declined 2%.
The S&P MidCap 400 and the S&P SmallCap 600 both delivered strong performances, gaining 4% and 7%, respectively.
U.S. fixed income indices registered strong performances across the board. Both medium-and long-term treasury yields declined. The S&P/BGCantor 20+ Year U.S. Treasury Bond Index gained 3%.
view the S&P Dow Jones Indices-U.S. Index Dashboard-October 2014 report
Source: S&P Dow Jones Indices
S&P Dow Jones Indices-Canada Index Dashboard-October 2014
October 31, 2014--Canadian equities were down in October, with the S&P/TSX Composite and the S&P/TSX 60 declining 2% and 1%, respectively.
The strongest performing sector of the S&P/TSX Composite in October was Consumer Staples (5%). Materials was the weakest performer, down 11%.
In spite of a mid-month plunge, both the S&P 500(R) and the Dow Jones Industrial Average(R) closed October at all-time highs. Defensive strategies thrived, with the S&P 500 Low Volatility index ending up 5%.
view the S&P Dow Jones Indices-Canada Index Dashboard-October 2014 report
Source: S&P Dow Jones Indices
S&P Dow Jones Indices-Latin America Index Dashboard-October 2014
October 31, 2014--Latin American equities declined again in October. The S&P Latin America BMI was less than 1% while the S&P MILA Andean 40 was down 1%.
Colombia and Peru were the weakest performers, down 3% and 2%, respectively. Consumer Discretionary and Financials were the strongest performing sectors of the S&P Latin America BMI, gaining 4% and 3%, respectively. Energy provided the worst sectoral performance, down 11% on the month.
Global equities were mixed on the month. In spite of a mid-month plunge, both the S&P 500(R) and the Dow Jones Industrial Average(R) closed October at all-time highs. Developed markets ended the month down 2% while emerging markets gained 2%. Following a strong 3Q performance, frontier markets declined 4%.
view the Long-running war between the mutual fund industry and the exchange traded fund sector appears to have reached a turning point view more Invesco to take over management of PowerShares DB funds from Deutsche read more KCG Said to Seek at Least $300 Million for HotSpot Unit
Source:S&P Dow Jones Indices
October 30, 2014--The long-running war between the mutual fund industry and the burgeoning exchange traded fund sector appears to have reached a turning point.
Asset managers who run mutual funds have watched with envy as ETFs have grown into a $2.6tn global asset class by offering investors cheaper products that trade like stocks but passively track indices or other baskets of securities.
Source: FT.com
October 30, 2014--Invesco Ltd said on Thursday it plans to take over management of the PowerShares DB fund suite from Deutsche Bank AG as it looks to expand its commodity product lineup for its exchange-traded funds business.
The deal will transfer management of the 11 exchange-traded commodity pools in the suite to Invesco PowerShares, which is responsible distributing and marketing the funds. The PowerShares DB funds, created in 2006, had a combined net asset value of $8.2 billion at the end of September.
Source: Reuters
October 30, 2014--KCG Holdings Inc. (KCG), the trading firm formed in the aftermath of Knight Capital Group Inc.'s near collapse, is seeking at least $300 million for its currencies unit, people with knowledge of the matter said.
Working with Jefferies Group LLC on the sale, KCG has begun reaching out to potential buyers of the platform -- called HotSpot-- including Nasdaq OMX Group Inc., CME Group Inc., Intercontinental Exchange Inc., Deutsche Boerse AG, and London Stock Exchange Group Plc, the people said, asking not to be identified discussing private information.
