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The Lyxor Hedge Fund Index was down -2.3% in October (YTD -1.4%). 3 out of 12 Lyxor Indices ended the month of October in positive territory, led by the Lyxor CTA Short Term Index (+1.7%), the Lyxor Long Short Equity Market Neutral Index (+0.4%) and the Lyxor CTA Long Term Index (+0.1%). Sentiment deteriorated rapidly as a marginal shift in the fragile balance between US reflationary dynamic and Eurozone deflationary forces raised doubts about global growth prospects. Moreover, the USD appreciation started to be considered as a growing threat for US activity. The unfolding of a virtuous reflationary cycle for
Hedge fund compensation increased in 2014 as total capital invested in the hedge fund industry again reached new records, according to the 2015 Glocap Hedge Fund Compensation Report. With the industry reaching a new high of USD2.82 trillion in assets and net inflows at their highest level since 2007, the industry finds itself in tight competition for talent against other industries, as well as other hedge funds, for top finance professionals.   Compensation increased five to 10 per cent over 2013 compensation, according to the 2015 Glocap Hedge Fund Compensation Report, with front office roles including portfolio managers, traders and
“It is critical to know that what we’re building is a two-sided network that has benefits both for investors and fund managers,” comments Sam Hocking (pictured), founder and CEO of San Francisco-based Imatchative. The company has just completed (27 October 2014) its Series B round of funding, raising USD20 million. Lead investors include Wells Fargo & Company, David Bonderman, a founding partner of TPG Capital, and Empresarial de Capitales, S.A de CV, a group controlled by Carlos Slim.   Hocking is a prime brokerage veteran. He co-led Bank of America’s prime brokerage unit before it was acquired by BNP Paribas.
The October 2014 average daily transaction value on the Euronext cash order book stood at EUR8,123 million, up 49.2 per cent compared to October 2013 and the highest level since August 2011. In October 2014, the average daily volumes on equity index derivatives were up by 41 per cent to 327,543 contracts when compared with October 2013, while the activity on individual equity derivatives remained flat at 291,892 contracts.   October was also the second most active month ever on commodities with an average daily volume at 66,398 contracts traded, more than 13 per cent above the previous yearly record of
India-focused hedge funds could be poised for their best performance in five years, with strong returns and inflows, according to the latest data from Eurekahedge. India-focused hedge funds continued to deliver market-beating returns in October 2014. While the BSE benchmark Sensex index mustered a 2.7 per cent gain last month, Indian hedge funds offered a superior 3.5 per cent return in October   Year-to-date, too, hedge fund returns trumped the Sensex’s performance. According to the data, Indian hedge fund returns in the January-October period stood at 36.4 per cent, even higher than the sterling 29.2 per cent rise in the
Wednesday’s outage at the Singapore Exchange (SGX), which disrupted trading activity for several hours, was caused by a malfunction in the uninterruptible power supply (UPS) systems deployed at the SGX data centre. Power is supplied to the data centre from two separate substations. These sources are in turn connected to individual UPS systems providing four layers of redundancy.   Resulting from a momentary fluctuation in power supply from the substations, the UPS systems switched to its internal power source. However, the internal power source in both UPS systems malfunctioned.    This malfunction affected the hardware providing market participants’ connectivity to
Sky Road, a managed service provider for customisable trade processing and risk platforms, has integrated the Sky Road Motion Services Platform with Bloomberg B-PIPE, a normalised and consolidated real-time market data feed. As a result of this integration, Sky Road’s clients can now use Bloomberg data with Sky Road's surveillance and portfolio management tools.   “Buy-side firms engaged in high-volume trading across a vast number of product types and exchanges need centralised solutions. The demand for better quality data and enterprise-wide consistency is strong,” says John Borse, founder and president of Sky Road. “Offering a new option like Bloomberg B-PIPE
BlueBay Asset Management, a specialist manager of fixed income and alternative investments, has opened an office in Zurich, Switzerland. The new office allows BlueBay to leverage and expand existing client and strategic relationships as well as highlight BlueBay’s full capabilities as a next-generation fixed income manager to the Swiss market.   The office will be headed by Roberto Valsecchi Oliva, partner, head of sales Southern Europe. David Keel, director, sales – Switzerland, will lead the Swiss orientated business development efforts out of the new Zurich office.   “Switzerland is an increasingly important strategic and client hub for BlueBay, and Zurich’s
The European fixed income market continues its transformation as banks implement new and more focused strategies aimed at maximising profitability. According to a new report, European Fixed-Income Dealers Narrow Coverage Scope, by Greenwich Associates, European dealers are shedding less profitable client relationships and are competing for the business of a relatively small group of preferred customers.   “European fixed-income dealers have said many times in the past that they do not want to be all things to all people,” says Greenwich Associates consultant Andrew Awad. “This time it’s true.”   This shift in dealer strategy is having a dramatic effect
Global markets were volatile in October with equities, credit and bond yields broadly selling-off in the first half of the month before reversing course and rallying into month-end. This volatility and choppiness proved challenging for many investors, including hedge funds, with most cutting their risk by mid-month and therefore not fully participating in the recovery.   Global macro hedge funds produced a positive month with returns of 0.6 per cent (as measured by the HFRX Macro/CTA index) and strong momentum going into November, while the broader hedge fund universe was down 1.3 per cent on the month (as measured by

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