Hedge funds posted gains in August as US equities and the dollar expanded their respective divergence with non-US assets, Emerging Markets currencies extended losses, and the US technology sector extended record gains. The HFRI Fund Weighted Composite Index (FWC) gained
Ibis Capital, profiled in AlphaQ, a specialist education technology alternative investment manager, is to launch the world’s first education technology special purpose acquisition company, or SPAC. The new company will be called EdTechX Holdings and will list on Nasdaq, according to
Beekeeper, a communication and operations platform for frontline workers, has raised an additional USD13 million as a part of its Series A extension round. Atomico and Keen Venture Partners led the round with a diverse group of strategic investors including
The Eurekahedge Hedge Fund Index was flat-to-marginally positive at 0.05 per cent during August, trailing the MSCI AC World Index (Local) which gained 1.06 per cent over the month. The Eurekahedge North American Hedge Fund Index maintained its lead gaining
As fears of mass redemptions reverberate through the hedge fund industry, many managers are implementing defensive tactics to counter the possibility of investors withdrawing their capital
The flash estimate for the Barclay CTA Index, compiled by BarclayHedge, indicates a 0.71 per cent gain in August. Year to date, the Index has lost 1.43 per cent. “Downtrends in agricultural markets, precious metals, and emerging market currencies provided
State Street has acquired BestX, a global market-leading provider of Transaction Cost Analytics (TCA) to support ‘Best Execution’ in OTC markets founded in 2016 by Aman Thind, Pete Eggleston and Oliver Jerome. BestX’s industry leading technology provides state-of-the-art pre-trade and
EPIC Insurance Brokers and Consultant has acquired the assets, employees and operations of Vanbridge, a specialty insurance intermediary, program management, and risk advisory services business. Headquartered in New York, NY, Vanbridge provides products and services at the intersection of the insurance, private
The US Commodity Futures Trading Commission (CFTC) and the Monetary Authority of Singapore (MAS) have signed an arrangement to foster greater cooperation in FinTech. The arrangement supports both authorities’ efforts to facilitate FinTech development and innovation in their respective markets.
China’s Zhejiang Geely Holding Group and Sampo plc of Finland (Sampo) have now received all of the necessary regulatory approvals to acquire shares in Saxo Bank, a fintech provider of multi-asset trading and investing. Following the approval and reflecting the
