Funds
Refinitiv has announced a series of global sustainability steps to help combat climate change. The company previously committed to three core pledges on environment, social impact and sustainable solutions that support the United Nations Sustainable Development Goals.The new initiatives come on the heels of Refinitiv achieving carbon neutrality ahead of its year-end 2020 target date. Refinitiv is also now sourcing 100 per cent renewable energy at a regional level and is now furthering its commitment to reducing annual carbon emissions by widening and deepening the scope of its initial targets.
Refinitiv is setting science-based carbon emissions reductions targets, as part of its
Everysk Technologies, an investment technology company providing multi-asset portfolio analytics with data-centric, machine learning techniques, has closed a USD1.3 million seed financing round and is launching a first-ever automation system that brings real-time portfolio and risk management analytics to fund managers of all sizes.
The SS&C GlobeOp Forward Redemption Indicator for April 2020 measured 3.02 per cent, up from 3.11 per cent in March.“SS&C GlobeOp’s Forward Redemption Indicator for April 2020 was 3.02 per cent, up somewhat from the 2.51 per cent reported for the same period a year ago,” says Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies. “This increase follows three consecutive months of comparatively lower redemption notices, and it should also be noted that for the year-to-date, cumulative redemptions are running below the 2019 level. With this latest single month’s increase in redemptions, it is too early to say whether the recent favourable
The dramatic price movements in oil markets will continue to throw up trading opportunities, according to Westbeck Capital Management’s CIO Will Smith, whose commodities-focused strategy has notched up double-digit gains during the sustained volatility.
March was as much a liquidity crisis as it was a response to the economic impact (actual and presumed) of Covid-19, according to new research by bfinance’s Diversifying Strategies team, headed by Dr Toby Goodworth, into the performance of several core liquid alternative strategies.The report reveals that realised volatility topped 100 per cent for the first time since 2008, probably exacerbated by concurrent quarter-end expirations of options and futures on stocks and indices as well as challenging liquidity conditions.
Pure trend-following was one of the standout strategies in March. The HFRI Macro Systematic Diversified index posted gains of +2.9 per
Arrano Capital, the blockchain arm of Venture Smart Asia Limited, has launched Hong Kong’s first regulated virtual asset fund, which tracks the price of Bitcoin and provides Professional Investors with access to the crytocurrency through a traditional fund structure. Venture Smart Asia Limited, is licensed by the SFC to manage virtual asset funds.
“This fund comes at a pivotal time for Bitcoin. By bridging the gap between the regulated finance and virtual asset world, institutions can gain secure access to Bitcoin via a conventional fund structure,” says Arrano Chief Investment Officer Avaneesh Acquilla. “We worked in accordance with the SFC guidelines
Total global hedge fund capital fell below USD3.0 trillion in Q120 for the first time since 3Q 2016, as financial market volatility surged on uncertainty and increased risks driven by the global coronavirus pandemic. Hedge fund capital declined by USD366 billion to end the quarter at USD2.96 trillion, a steep decline from the prior quarter record of USD3.32 trillion, as reported today by HFR, the established global leader in the indexation, analysis and research of the global hedge fund industry, in the latest release of the HFR Global Hedge Fund Industry Report.
Investor outflows totalled an estimated USD33 billion in Q1,
Pierre Andurand, the well-known head of commodities-focused fund manager Andurand Capital Management, is cautioning of “crazy losses” as oil markets continue to suffer unprecedented shocks, warning: “Be very careful out there.”
The London-based oil specialist, whose strategy has reportedly soared amid recent energy volatility, flagged up the potential impact of tumbling prices on oil ETFs in a series of tweets on Monday and Tuesday, after prices for the May futures contract on West Texas Intermediate – the US benchmark – collapsed into negative price territory for the first time ever.
“Wondering what would happen to USO and other Oil ETFs that
Lyxor’s L/S Equity Neutral peer group was down -2.8 per cent year-to-date, hurt by extreme trading conditions and the constituents’ average market beta of 20 per cent, according to the latest Weekly Brief by the company’s Cross Asset Research team.
Lyxo says the environment has been challenging for the strategy amid extreme stock volatility and unsettling heavy systematic trading volumes.
Despite these challenging market conditions though, L/S Neutral strategies have benefitted from mitigating factors according to Lyxor, recording positive contributions from their short books, although short-selling has less profitable than in previous bear markets.
Lyxor writes: “Shorting has not been
Man Group suffered an 11 per cent drop in funds under management during the first quarter of 2020, though its absolute return hedge fund strategies generate positive returns during March’s market mayhem.
The London-headquartered publicly-listed global hedge fund group saw its funds under management slide to USD104.2 billion during the three-month period ended 31 March, down from USD117.7 billon on 31 December 2019.
The group, often considered a bellwether for the UK’s broader alternative asset management industry, attracted net inflows of USD500 million, but suffered negative FX and other movements of some USD3.3 billion, according to its first quarter trading statement.
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