Funds
Options Technology, a provider of IT infrastructure to global capital markets firms backed by Abry Partners, is ti acquire Fixnetix, a DXC Technology Company. Financial terms of the transactions, which is expected to close during the first half of this calendar year, have not been disclosed.
Fixnetix provides outsourced front-office trading services to investment banks, hedge funds, proprietary trading firms and exchanges worldwide and is part of DXC’s global banking and capital markets business, which delivers strategic, mission-critical IT solutions for its customers.
“We are excited to partner with Fixnetix and continue bringing to market exceptional quality of service and leading technology solutions,” says
Hedge funds have made gains from bets against AstraZeneca and GlaxoSmithKline in recent weeks – but bearish managers lost more than USD600 million on FTSE 100 shorts at the end of the year, with short sellers facing continuing “unpredictable swings” in 2021.
Short positions in AstraZeneca – whose Covid-19 vaccine developed alongside Oxford University began rolling out in the UK this week – brought in almost GBP13 million for bearish hedge funds during December as the drug giant’s share price tumbled last month.
New data from Ortex Analytics also shows negative positions in GlaxoSmithKline generated more than GBP4.5 million for hedge funds
Foreign exchange specialist Ballinger & Co (Ballinger) has entered into a partnership with global financial brokerage ED&F Man Capital Markets Ltd (MCML).The collaboration combines Ballinger’s deliverable Foreign Exchange offering for corporate and institutional clients with MCML’s capital markets expertise, tier-one settlement capabilities and global footprint.
As part of the relationship, MCML will provide spot and forward FX liquidity to Ballinger, enhancing their capacity to offer flexible terms to clients via a credit facility. In total, Ballinger has secured GBP10 million of new funding and facilities from ED&F Man Capital Markets and other undisclosed investors.
The announcement of the
IQ-EQ has completed the acquisition of Constellation Advisers, an industry leading US co-sourced and outsourced investment management services provider, following receipt of all necessary regulatory approvals.
Sudrania Fund Services Corp (Sudrania), a cloud-computing enabled fund administrator, has acquired the primary assets of Triple Leo Consulting (TLC), a Philadelphia-based fund administrator that specialised in crypto and digital assets fund administration. Terms of the deal have not been disclosed.
TLC founder Mike Quinn joins Sudrania in an advisory role and TLC’s entire staff has joined Sudrania’s growing team. This acquisition makes Sudrania a global market leader in digital assets fund administration with over 150 clients dedicated to crypto assets.
Sudrania’s clients in the crypto and digital assets space utilize Seamless Crypto, a full-scale cloud-based, fund administration platform designed specifically
Stockholm-based multi-strategy hedge fund firm Brummer & Partners’ flagship vehicle gathered further pace towards the end of the year, as strong performances in its stock-picking and trend-following funds during December powered the long-running manager into double-digit territory for the year.
Cboe Global Markets has completed its acquisition of BIDS Trading, a registered broker-dealer and the operator of the BIDS Alternative Trading System (ATS), the largest block-trading ATS by volume in the US.Through ownership of BIDS Trading, Cboe gains a competitive foothold in the off-exchange segment of the US equities market, which now accounts for more than 40 per cent of overall US equities trading volume. The acquisition of BIDS Trading also provides Cboe with the opportunity to expand its global footprint and diversify its product and service offerings in markets beyond U.S. equities and options.
The acquisition follows Cboe and
Bitwise Asset Management, a provider of crypto index funds, recently surpassed USD500 million in assets under management (AUM), after reporting USD100 million in AUM on 28 October, 2020.The Bitwise 10 Crypto Index Fund (BITW), which seeks to track an index of the 10 largest cryptoassets – including bitcoin, ether, and litecoin – has seen the strongest demand, recently crossing over USD400 million in AUM.
The Bitwise Bitcoin Fund and Bitwise Ethereum Fund – which provide low-cost, professionally managed exposure to bitcoin and ether, respectively – have seen increased demand as well.
“The speed at which professional investors are moving into
Alternative investment firm SkyBridge Capital has launched of the SkyBridge Bitcoin Fund LP, which provides mass-affluent investors with an institutional-grade vehicle to gain exposure to Bitcoin. Additionally, on behalf of its flagship funds, SkyBridge initiated a position, valued at approximately USD310 million in funds investing in bitcoin during November and December 2020.
To launch SkyBridge Bitcoin Fund LP, SkyBridge and its affiliates have invested USD25.3 million. Fidelity will serve as custodian, and Ernst & Young will audit the fund.
“We believe Bitcoin is in its early innings as an exciting new asset class,” says SkyBridge founder and managing partner Anthony Scaramucci.
Top hedge fund industry trends for 2021
Top hedge fund industry trends for 2021