Funds
LiquidX, a global network for illiquid assets, has reported that trading volume has surpassed USD23 billion since the company’s inception and that September revenues were up 162 per cent year-over-year.
The network also continued to expand – the number of credits traded over the platform reaching over 200 since inception and 117 in Q3 alone, an increase of 120 per cent year-over-year.
“The power of our network continues to increase, with the addition of new clients, new credits traded, and new products launched,” says Jim Toffey, CEO at LiquidX. “We are very pleased with our growth this year and
Investors redeemed at estimated USD12.11 billion from the global hedge fund industry in September 2019, bringing year to date (YTD) flows to -USD76.86 billion, according to the September 2019 eVestment Hedge Fund Asset Flows Report.
The total Q3 2019 outflows of -USD29.37 billion marked the sixth consecutive quarterly outflow for the industry. Total hedge fund industry AUM stood at USD3.266 trillion at the end of September, according to the new report.
Among primary hedge fund strategies, the best asset flows news was among Relative Value Credit funds, which pulled in +USD2.78 billion in September, and Managed Futures funds, which
Simmons & Simmons has advised Crake Asset Management on the launch of its new London management business and its global long-short equities hedge fund structure, one of the largest European launches of 2019.
Richard Walker, CEO of Crake, says: “We really appreciate the work that the Simmons team, both in London and Dublin, did in delivering this project to time. They provided a very high quality service and we enjoyed working with them.”
Partner Devarshi Saksena adds: “It was a pleasure working with Crake on this project which allowed us to showcase our integrated UK and Irish asset management
Total hedge fund capital was narrowly changed for Q3 2019, falling from the prior quarter record with flows mixed across strategies as investors navigated heightened fixed income risk and volatility, as well as fluid political developments across the U.S., Europe, the UK and Asia.
Total hedge fund capital declined modestly to USD3.24 trillion, a slight reduction from the prior quarter record of USD3.245 trillion, a decline of USD5.5 billion, or approximately 0.17 basis points, according to data released today by HFR, the established global leader in the indexation, analysis and research of the global hedge fund industry.
Capital inflows
The hedge fund redemption trend stretched to three straight months in August as the industry experienced USD11.3 billion in outflows, according to the Barclay Fund Flow Indicator published by BarclayHedge.
August’s redemptions represented 0.4 per cent of industry assets and were an increase from July’s USD8.1 billion in industry outflows,
Coupled with monthly trading losses of USD10.3 billion, hedge fund industry assets stood at more than USD3.08 trillion as August ended, down from USD3.12 trillion at the end of July.
The industry’s August redemption total resulted largely from outflows from hedge funds in the UK and Europe where
The founding CEO of The Crypto Company, one of the first publicly traded companies investing in blockchain, has formed a specialised hedge fund to directly invest in businesses associated with distributed ledger technologies (DLT).
Mike Poutre, a three-time CEO of publicly traded companies, and Ryan Fabian, a former cryptography specialist at the US Air Force Intelligence and the National Security Agency, have been appointed as General Partners at Terraform Capital LLC, a California-based hedge fund with traditional limited partner structure.
Before the extraordinary rise and subsequent interest in blockchain in the summer of 2017, Poutre co-founded one of the
London-based asset management consultancy MJ Hudson is to acquire the Jersey administrator, Anglo Saxon Trust (AST), subject to Jersey Financial Services Commission regulatory approval and certain other conditions.
AST is an established provider of company and trust formation, registrar and administration services and is regulated by the Jersey Financial Services Commission.
The acquisition follows the purchase by MJ Hudson of the Dutch ESG business of Spring Associates in July and US/UK benchmarking and analytics business Amaces at the end of 2018. It adds to MJ Hudson’s existing operations in Jersey and helps consolidate a growing pan-Channel Islands business for
Thesis Unit Trust Management Limited (Tutman), an independent Authorised Fund Manager (AFM), CRUX Asset Management Limited (CRUX), an independent fund management company, and Sanditon Asset Management Limited (Sanditon), an independent investment management firm, have transferred two Sanditon funds to CRUX.
The board of Sanditon has made the decision to wind up the company and has elected to retire as manager of these funds. Tutman has selected CRUX as the successor. As a result, the investment manager of TM Sanditon European Fund and TM Sanditon UK Fund will change from Sanditon to CRUX, subject to the necessary regulatory approvals, which are
Managed futures funds reversed course from the prior month’s gains in September and declined 1.48 per cent according to the Barclay CTA Index compiled by BarclayHedge. For the year-to-date, CTA funds were up 6.08 per cent through the end of September.
“The trend is your friend is a timeworn cliché among momentum traders in futures markets,” says Sol Waksman (pictured), president of BarclayHedge. “Friends were few and far apart in September as Treasury yields and agricultural markets rebounded from the previous month, gold’s uptrend stalled as prices dropped, and crude oil, which had been trending downwards, spiked up 16 per
Vanguard Asset Management (Vanguard), a provider of high-value investment services, has launched the Vanguard Active UK Equity Fund.
The Vanguard Active UK Equity Fund is designed for investors seeking exposure to UK companies at a low cost. It will employ the approaches of two external fund managers focused on identifying growing UK companies, in a fund designed to be held for the long term.
The Vanguard Active UK Equity Fund is sub-advised by Marathon Asset Management (50 per cent) and Baillie Gifford (50 per cent). Marathon Asset Management look to identify UK companies that benefit from the flow of
