Digital Assets Report

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Hamed Ahmadi from the University of Oxford, Linacre College has been named as the winner of the inaugural Man AHL Coder Prize, a coding competition for students aged 16 and over. Ahmadi picks up a cash prize of GBP5,000. Mihail Dunaev, from the University of Edinburgh was named competition runner up.   Ahmadi’s coding skills were ranked first among entries received from 80 full-time students, ranging in age from 16 to 34 and spanning the educational spectrum from GCSE to PHD level. Entrants hailed from 31 institutions across the UK and Ireland, including secondary schools, sixth form colleges and universities.
The International Commodities and Derivatives Association (ICDA) is to hold a Blockchain Conference in the City of London in April 2016. Pursuing the Association’s strategy of exploring new products and technologies for the global commodities and derivatives markets, the conference is a major step in helping ICDA's members and others to understand the potential application of the distributed ledger infrastructure.   The Association is keen to emphasise that this conference is not about technology but about the business ramifications for the whole industry. It will discuss who may win, and who may lose, in the shake-up from a profitability and business
Hedgeweek is conducting a reader survey to gain a better insight into the current state of the hedge fund industry, and we would love you to participate… This poll of our readership is designed to provide insight into how hedge fund managers are having to evolve their business models to stay ahead of the competition, and how they are coping with increased regulation.  This research will investigate how hedge fund managers are managing with the onslaught of new hedge fund-like products emerging from the long-only side of the industry.  It will also look at how hedge funds are adapting to
Emmanuel Tahar (pictured), CEO of primary research partner Third Bridge, comments on the European Commission delaying the Mifid II deadline… The Mifid II directive is set to clamp down on trading commission bundling that often results in investors' research spend being misappropriated; spent by the buy side without a clear demonstration of the ROI it offers. This bundling is unfair to institutional investors, who see their money spent on sell side equity analyst research that is largely biased and rarely of much use. While some firms are putting stronger mechanisms in place knowing that the European Commission roll-out is coming,
Quintillion Limited, the European-based affiliate of US Bancorp Fund Services, has named Linda Gorman chief executive officer (CEO). Based in Dublin, Gorman brings more than 20 years of leadership experience to support the firm’s global alternative investment services. “Quintillion and the entire US Bank organisation are committed to helping our European-based clients achieve their goals,” says Joe Redwine, president for US Bancorp Fund Services. “We’re proud to promote Linda, who has been essential to our growth in an evolving market, and we look forward to continuing to build upon our offerings and client service under her leadership.”   Gorman is
US Listed Options volumes surged in January, while average bid/ask size drops to lowest in two years, according to the January 2016 TABB Options LiquidityMatrix (OLM). “January’s stock-market pain was the options market’s gain, with US listed options volumes rising to its highest monthly reading since August,” says TABB Group options research analyst Callie Bost, who manages the OLM.   January’s resurgence of violent market swings were a boon to US listed options trading. Volume last month totalled 364.4 million contracts, 7.6 per cent higher than December’s total and 3.2 per cent higher than the year-ago January.
 The S&P 500
The latest semi-annual survey of the European repo market by the International Capital Market Association (ICMA), has set the baseline figure for market size at EUR5,608 billion, broadly unchanged from the June 2015 survey figure of EUR5,612 billion. The survey calculates the amount of repo business outstanding on 9 December 2015 from the returns of 72 offices of 68 financial groups, mainly banks,   The relative stability of outstandings between the two surveys is down to the expansion of non-EU banks' European repo books. Meanwhile, the study notes a decline in the activity of G-SIFIs (Global Systemically Important Financial Institutions),
The Financial Industry Regulatory Authority (FINRA) has barred two Buffalo-based brokers – Timothy S Dembski and Walter F Grenda – from the securities industry for fraud in connection with the sale of a hedge fund, the Prestige Wealth Management Fund. Dembski and Grenda’s misconduct occurred while they were employed with Mid Atlantic Capital Corporation.   FINRA’s investigation found that Dembski and Grenda made material misrepresentations and omissions to lead investors to believe that the hedge fund was a “growth” fund that would be based on a computer algorithm that automatically included risk protections and stop-losses to limit losses in the
A new study from The Chicago Board Options Exchange (CBOE) examines six benchmark indexes that invest in Russell 2000 Index (RUT) options and compares their performances with those of traditional benchmark stock and bond indexes. This is the first comprehensive study that examines the performance of multiple options-strategy benchmark indexes that incorporate Russell 2000 Index options.   Written by Mark Shore (pictured), an adjunct professor at DePaul University's Kellstadt Graduate School of Business, and sponsored by CBOE, the study, “Analysing Russell 2000 Index Options-Based Benchmark Indexes Designed to Provide Enhanced Yields and Risk-Adjusted Returns,” looks at the performance of six
The Lyxor Hedge Fund Index was down 0.9 per cent in January, despite positive performance from  five out of the 11 Lyxor Indices, according to Lyxor’s latest Alternative Investment Industry Barometer. The Lyxor CTA Long Term Index (+2.2 per cent), the Lyxor Global Macro Index (+0.7 per cent), and the Lyxor Fixed Income Arbitrage Index (+0.7 per cent) were the month’s best performers.   Hedge Funds displayed remarkable resilience in January. Both markets and analysts started the year with reasonable growth expectations. These were aggressively revised down, triggered by the release of the disappointing Chinese PMI and the CNY depreciation.

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