Funds
Managed futures hedge fund strategies may be well-placed to withstand a continuing rise in bond yields, despite CTA performance being squeezed by the recent surge, Lyxor Asset Management strategists say.
A new hedge fund launched last month by Union Bancaire Privée which trades on good and bad governance within Japanese companies has started positively – and portfolio manager Zuhair Khan (pictured) says the country’s patchy record on board oversight will continue to offer strong investment opportunities.
Hedge funds seeking to take advantage of turbulence in the global aviation industry have lost almost EUR800 million in August, according to data from Ortex Analytics. Analysis of short positions against the world’s 10 largest airlines throughout 2020 shows hedge funds lost EUR791.6 million in August. The losses reduced total returns YTD from the group by over a third, however hedge funds remain EUR1.4 billion in profit. A large proportion of this (EUR1.2 billion) came from short positions in March as international travel restrictions came into effect as a result of the Covid-19 pandemic.
Peter Hillerberg, co-founder of Ortex Analytics, says:
Emerging Markets and Asian hedge funds surged in Q2 2020, recovering from steep losses experienced in late 1Q, with many indices posting gains for YTD 2020 through July.
JP Morgan’s Quorum platform, an enterprise-variant of the Ethereum blockchain, has been acquired by blockchain software company ConsenSys.
CF Benchmarks is to offer a PAX Gold (PAXG) daily settlement and spot rate, updated every second. PAX Gold from Paxos Trust Company is the first regulated digital asset backed token that represents premium gold bars. The benchmark price indices are regulated benchmarks under EU BMR so can be used by regulated firms in the EU for the creation of financial and investment products. They will be published 365 days a year to give investors a trusted 24/7 digital gold price for the first time. Digital asset exchanges Kraken and itBit by Paxos will provide transaction and order book data for
Investors allocated an additional USD9.33 billion to hedge funds around the world in July, ending four consecutive months of redemptions that saw investors pulling some -USD72 billion from the industry between March and June, according to the just-released eVestment July 2020 Hedge Fund Asset Flows report.
HC Global Funds Services (HC Global), a provider of fund administration services to seed fund, accelerator fund, venture, and private equity funds as well as special purpose vehicles, has formed a strategic partnership with AST Private Company Solutions (AST PCS).
Read the full story at Private Equity Wire…
By A Paris – Hedge funds and alternative asset managers are responsible for over USD3 trillion in assets under management – many bright shiny diamonds for cyber criminals to pursue. Increased levels of remote access propelled by the Covid-19 pandemic are making these organisations even riper targets. So, in this environment, the cost of inaction or complacency around cybersecurity continues to mount.
According to IBM Security, the average cost of a breach within financial services is of USD5.85 million – this is well above the overall average of USD3.86 million per breach across all industries reviewed. Although the crisis has put many
The SS&C GlobeOp Forward Redemption Indicator for August 2020 measured 3.08 per cent, up from 2.64 per cent in July.“SS&C GlobeOp’s Forward Redemption Indicator for August 2020 of 3.08 per cent represents a decline in redemption notices compared to the 3.41 per cent reported for the same period a year ago,” says Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies. “This favourable result continues the trend of generally positive asset retention data points since the COVID19 outbreak earlier this year, indicating investor confidence in the hedge fund sector remains strong.”
The SS&C GlobeOp Forward Redemption Indicator represents the
