Funds
Following a marginal uptick in April, Societe Generale Prime Services’ SG CTA Index moved into negative territory in May, down 2.41 per cent for the month, despite being up mid-month.
Trend followers were the main drivers of losses in the second half of the month, and were down 2.72 per cent. Short-term CTA strategies handled the changing market conditions relatively well and ended May up +0.39 per cent.
The SG Trend Indicator had a difficult period and was down 3.50 per cent, leading to a reading of 13.30 per cent for the first five months of this year. Following
Latest figures from Crypto Fund Research reveal that prices for most cryptocurrencies are down more than 50 per cent in 2018, but despite that, crypto funds have been launching at a record pace.
The first five months of 2018 have already brought the launch 61 new crypto hedge funds and venture capital funds – on pace for 147 for the year. At this rate, 2018 launches will surpass the record 130 crypto funds launched last year, according to analysis from Crypto Fund Research.
There are now 366 cryptocurrency investment funds worldwide.
2017 is sometimes referred to as “The
The average daily transaction value on the Euronext cash order book stood at EUR8,525.5 million in May, down 1.3 per cent compared to May 2017, and up 8.2 per cent from the previous month.
In the first five months of 2018, the average daily transaction value on the Euronext cash order book was EUR8,514.9 million, up 10.6 per cent compared to last year.
The average daily transaction value on the ETFs order book From January 2018, volumes on ETFs are only measured on order book activity due to low revenue-impact of off-book activity. Based on the previous presentation, activity is
Ropes & Gray has advised Hamilton Lane on Hamilton Lane Strategic Opportunities Fund IV. The Fund announced its final close with USD900 million in commitments on 5 June, substantially above the initial target.
The Fund is focused on making credit-oriented investments with consistent cash yield, shorter duration and attractive risk-adjusted returns. Fund IV is comprised of a diverse set of institutions, including pension funds, insurance companies, endowments/foundations and high net worth individuals, including a number of existing as well as new investors from Asia, the Middle East, Europe and North and South America.
Fund IV represents the fourth dedicated
MTS Markets International, part of the London Stock Exchange Group (LSEG), and BondCliQ, a new corporate bond market data solution, have partnered to provide BondCliQ users with data from MTS BondsPro all-to-all electronic trading platform for corporate bonds.
BondCliQ offers US institutional investors access to high quality pre-trade and post-trade data for the institutional market. Pricing information from MTS BondsPro, an Alternative Trading System (ATS) will now be combined with transactional data and institutional quotes on the BondCliQ system to deliver a comprehensive real-time view of the entire US corporate bonds market.
Going forward, market participants will benefit from
European private equity firm Capzanine has invested in Horizon Software (Horizon), becoming a majority shareholder alongside Horizon’s CEO, Sylvain Thieullent, and its management team, to support organic and global growth.
From its inception in 1998, Horizon has worked with investment banks in the design of its first electronic trading platform. Today, with 90 clients in 26 countries and connectivity to over 70 exchanges, multi award-winning Horizon provides advanced trading technology for investment banks, brokers and hedge funds.
Horizon’s trading platform provides immediate access to a comprehensive range of features and the ability to execute sophisticated strategies and workflows through
Eze Castle Integration (ECI), a managed service provider to the financial industry, has secured a significant investment by an affiliate of HIG Capital (HIG).
Founded in 1995, Eze Castle Integration has more than 650 clients and offices across the United States, United Kingdom and Asia. The company has built a reputation in managed services and cloud solutions for the financial industry; “ECI’s global white glove service and its highly scalable and secure cloud infrastructure and platform create a differentiated end-to-end solution that is indispensable for its clients’ daily operations,” says Todd Ofenloch, Managing Director at HIG “We look forward
PEGAS, the pan-European gas trading platform operated by Powernext, registered a total volume of 156.0 TWh in May 2018 which represented a year-to-year growth of 11 per cent (May 2017: 140.7 TWh).
The Dutch delivery zone TTF remained the dominant hub on PEGAS with an overall volume of 89.6 TWh, followed by the German NCG and Gaspool hubs with a total of 30.1 TWh. The Austrian CEGH VTP market area had a strong showing with 11.1 TWh, including 4.8 TWh on the derivatives segment, making it again the most liquid hub behind the TTF on the curve.
Spot trading
Hedge funds were overall flat this week, emphasising their appealing profile in the current environment, according to the latest weekly brief from Lyxor’s Cross Asset Research team.
The Italian stress mainly hurt CTAs, hit in their long bonds. L/S Equity funds also suffered from derisking, in line with their cautious exposure. By contrast, Event Driven, away from the epicentre, proved resilient.
Markets will have to go on dealing with multiple uncertainties, including concerns about the continued integration of the eurozone, trade fears, a potential revival of risk linked to Iran later in the year, disappointing economic data everywhere apart
RM Funds has announced the launch of the VT RM Alternative Income Fund (RMAI), an actively managed open-ended fund investing in defensive, income producing alternative assets.
Pietro Nicholls (pictured), Principal – Investment Manager of RM Funds, explains that the firm was launched in 2010 and spent the first half of its life as RM Capital Markets, an agency trading business in corporate credit.
A subsequent seeding two and a half years ago of USD50 million by an institutional investor pushed the company on its evolution into RM Funds which now has USD150 million under management for largely institutional investors, such
