Funds
The gross return of the SS&C GlobeOp Hedge Fund Performance Index August 2018 measured 0.71 per cent.
Hedge fund flows as measured by the SS&C GlobeOp Capital Movement Index meanwhile declined 0.02 per cent in September.
“SS&C GlobeOp’s Capital Movement Index for September was down slightly at -0.02, but was consistent with expectations, as September is typically a fairly neutral month for capital flows. In terms of the year-over-year comparison, the -0.02 for September 2018 was closely in line with the 0.07 reported for the same period a year ago in September 2017,” says Bill Stone (pictured), Chairman and Chief Executive Officer, SS&C Technologies. “Together
China’s Zhejiang Geely Holding Group and Sampo plc of Finland (Sampo) have now received all of the necessary regulatory approvals to acquire shares in Saxo Bank, a fintech provider of multi-asset trading and investing.
Following the approval and reflecting the new ownership structure of Saxo Bank, Daniel Donghui Li has been elected chairman and new members of the board have been appointed at an extraordinary general meeting that marked the successful closing of the transactions.
In October 2017, shareholders of the Saxo Bank Group (Saxo) announced an offer received from Geely Financials Denmark A/S, a subsidiary of Geely Holding
The US Commodity Futures Trading Commission (CFTC) and the Monetary Authority of Singapore (MAS) have signed an arrangement to foster greater cooperation in FinTech.
The arrangement supports both authorities’ efforts to facilitate FinTech development and innovation in their respective markets. This arrangement is the CFTC’s second FinTech cooperation arrangement with a non-US authority, and its first with an authority in Asia.
The Cooperation Arrangement on Financial Technology Innovation (FinTech Arrangement) focuses on information sharing on FinTech market trends and developments. This includes sharing insights derived from each authority’s relevant FinTech sandbox, proofs of concept, and innovation competitions. The FinTech
In the hedge fund space in August, CTAs outperformed and delivered positive returns in the range of 2-3 per cent depending on the benchmark, according to Lyxor’s latest Hedge Fund Brief.
Their long exposures to bonds and equities were both rewarding. From a regional perspective, their cautious stance on European equities was supportive but short positions on US bonds detracted. Meanwhile, their long energy / short gold positions on commodities were a source of gains.
On a negative note, Global Macro and L/S Equity strategies underperformed. EM Macro funds got hammered by Turkey’s currency meltdown while others suffered on
EPIC Insurance Brokers and Consultant has acquired the assets, employees and operations of Vanbridge, a specialty insurance intermediary, program management, and risk advisory services business.
Headquartered in New York, NY, Vanbridge provides products and services at the intersection of the insurance, private equity and hedge fund industries. Vanbridge focuses on alternative asset management, corporate and individual high net worth clients; solving risk related issues utilising insurance and alternative capital.
EPIC is already the 9th largest privately owned insurance broker in the nation, before the addition of Vanbridge, which adds an additional 45 team members to the firm. EPIC has built a
State Street has acquired BestX, a global market-leading provider of Transaction Cost Analytics (TCA) to support ‘Best Execution’ in OTC markets founded in 2016 by Aman Thind, Pete Eggleston and Oliver Jerome.
BestX’s industry leading technology provides state-of-the-art pre-trade and post-trade analytics, which enable clients to define, achieve and record the process of Best Execution in their FX trading, resulting in significant quantifiable cost savings and regulatory reporting benefits.
BestX has grown rapidly in the three years since inception, with its SaaS technology now used by many of the world’s largest asset managers, hedge funds, banks and sovereign wealth
The flash estimate for the Barclay CTA Index, compiled by BarclayHedge, indicates a 0.71 per cent gain in August. Year to date, the Index has lost 1.43 per cent.
“Downtrends in agricultural markets, precious metals, and emerging market currencies provided a helpful tailwind for the 70 per cent of futures funds that reported a profit in August,” says Sol Waksman, founder and president of BarclayHedge.
Five of Barclay’s managed futures indices had gains in August, while four had losses:
The MPI Barclay Elite Systematic Traders Index enjoyed a 2.81 per cent gain in August. Diversified Traders were up
iM Global Partner has acquired a 45 per cent interest in Dynamic Beta investments (previously branded Beachhead Capital), a New York-based specialist in the liquid alternatives space.
iM Global Partner is an investment and development platform focused on acquiring strategic investments in best-in-class traditional and alternative investment firms in the US, Europe and Asia.
Dynamic Beta investments, whose strategies have outperformed relevant industry hedge fund indices and peers over the long term, is focused on delivering hedge fund performance with reasonable fees, daily liquidity and transparency through three main strategies:
-·Equity Hedge: leverages the talent and resources of
David Hall of the Philipp Family Office, Mark Stephens of Blackstar Capital and Morgan Metters, previously of Kimura Capital, have joined forces to create Blackstar Asset Management, a UK based investment advisor.
With Swiss family office seed capital, the firm will focus on sustainable private debt strategies such as direct loans, deal participation and niche private fund opportunities.
The new firm will benefit from the established deal origination and structuring capacity of the experienced Blackstar Trade Finance team, and the wider Blackstar Group will benefit from increased funding sources.
“We are extremely excited about this new partnership,” says
Overall industry hedge fund performance came in at +0.04 per cent in August, bringing year to date (YTD) 2018 industry performance to +1.10 per cent, according to data released by eVestment.
Among primary strategies, event driven-activist funds were among the big winners in August, with performance of +1.93 per cent, bringing YTD performance to +2.72 per cent.
Managed futures funds also put up strong returns in August, coming in at +1.77 per cent for the month, although these funds’ performance is still negative for the year at -1.83 per cent.
Macro funds were the only primary strategy to
