Funds
SS&C Technologies Holdings has signed on more than 150 clients to Eze Eclipse, SS&C Eze’s cloud-based front-to-back office investment management platform.
Galaxy Digital Holdings has acquired two cryptocurrency trading firms: DrawBridge Lending (DrawBridge), an specialist in digital asset lending, borrowing, and structured products, and Blue Fire Capital (Blue Fire), a proprietary trading firm specialising in market-making and two-sided liquidity for digital assets.DrawBridge and Blue Fire are both pioneers in applying their teams’ institutional expertise in traditional lending, structured products, futures, and market-making to the rapidly growing cryptocurrency derivatives and lending space.
“Galaxy Digital’s mission is to bring cryptocurrency to traditional finance and vice versa. DrawBridge and Blue Fire’s market-leading capabilities will enable us to further amplify our strong position as a
The number of hedge fund launches compared with closures is “heavily skewed the wrong way”, says James Orme-Smith, CEO of Sandbar Asset Management, but he indicated that emerging managers can still overcome the sizeable barriers to entry.
“For anyone to start their own hedge fund, capital has become the oxygen more than anything else, and has become even more important than it ever was,” Orme-Smith said during the concluding panel of this year’s Hedgeweek LIVE Europe summit.
The session – which explored the fundraising outlook for 2021 – did not shy away from the huge challenges that loom over emerging
The Wilshire Liquid Alternative Index, which provides a representative baseline for how the broad liquid alternative investment category performs, returned -0.51 p[er cent in October, underperforming the -0.22 per cent monthly return of the HFRX Global Hedge Fund Index. The Wilshire Liquid Alternative Index family aims to deliver precise market measures for the performance of diversified liquid alternative investment strategies implemented through mutual fund structures, backed by a proprietary classification methodology.
“As we saw the beginning of a second wave of Covid-19 and a looming US presidential election, markets began to sell off in October as participants looked to reduce risk
The hedge fund industry posted a second consecutive monthly loss in October, down 0.11 per cent for the month, according to the Barclay Hedge Fund Index.
The gross return of the SS&C GlobeOp Hedge Fund Performance Index for October 2020 measured -0.11 per cent.Hedge fund flows as measured by the SS&C GlobeOp Capital Movement Index advanced 0.31 per cent in November.
“SS&C GlobeOp’s Capital Movement Index rose 0.31% for November 2020, reflecting slightly higher net inflows than the 0.28% reported a year ago,” says Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies. “We note this gain marks the sixth consecutive month of improved net flows relative to the prior year. The continued strong trend in hedge fund asset retention, which emerged following the outbreak of
The European Energy Exchange (EEX) has recorded its highest trading volume to date in Japanese Power Futures. Throughout the month of October, EEX achieved a total traded volume of 111 GWh, thereby setting a new monthly record.Having launched in May this year, trading volumes in Japanese Power have continued to build steadily with October reporting a significant increase in trading frequency with transactions being registered virtually every business day. In addition to an increase in trading frequency from already active players, October also saw a major upswing in the number of new trading participants from both the domestic market in
Hedge funds continued to face a difficult market environment in October as for a second consecutive month the majority of funds saw performance declines. The average return in the hedge fund industry came in at -0.21 per cent in October. The tough first quarter of the year leading up to the global pandemic and the past two months have left the industry at a just-barely-positive +0.74 per cent return year to date (YTD). This is a stark contrast to the +10.05 per cent return the industry put up for all of 2019.
Only about 47 per cent of hedge funds
This is the second in a series of four articles from the DMS Client Solutions Team, bringing you a unique perspective on the challenges and opportunities presented by the shifting European regulatory landscape. In last week’s article Daniel Forbes explored Why Cross-Border Fund Domiciles are Transforming into Fund Management Hubs. This week Pádraic Durkan continues this theme by looking at the evolving landscape in Ireland for fund management…
Amundi has completed the full integration of the Luxembourg-domiciled fund platforms of Goldman Sachs Fund Solutions & Origination, an activity of Goldman Sachs Global Markets Division (GSFSO).Amundi Luxembourg, one of Amundi’s four main hubs for fund hosting services meeting UCITS and AIFM directives, has become the “Management Company” of three Luxembourg systematic and alternative management Sicavs with total assets under management on behalf of GSFSO of EUR2.6 billion. Amundi manages, controls and supervises Luxembourg investment vehicles based on GSFSO’s systematic trading strategies. Amundi also provides a management service as well as the analysis and monitoring of the external managers present
