Funds
The Securities and Exchange Commission has charged a former bitcoin-denominated platform and its operator with operating an unregistered securities exchange and defrauding users.
The SEC has also charged the operator with making false and misleading statements in connection with an unregistered offering of securities.
The SEC alleges that BitFunder and its founder Jon E Montroll operated BitFunder as an unregistered online securities exchange and defrauded exchange users by misappropriating their bitcoins and failing to disclose a cyberattack on BitFunder’s system that resulted in the theft of more than 6,000 bitcoins. The SEC also alleges that Montroll sold unregistered securities
Switzerland’s principal stock exchange, SIX Swiss Exchange, has become a Climate Bonds Partner, joining the financial sector’s efforts to mobilise the USD100 trillion bond market for climate change solutions.
In doing so, SIX Swiss Exchange joins fellow global stock exchanges in efforts to facilitate green finance and green bond growth towards the USD1 trillion by 2020 investment milestone needed to help meet climate change and emissions goals
In joining the program, the exchange will work together with Climate Bonds to support increased investment towards a low-carbon and climate resilient economy. Contributing ideas for structuring, policy measures and market
End to end systematic trading solutions firm, QuantHouse, has added Jane Street Financial’s systematic internaliser (SI) to its qh API Ecosystem.
Liquidity provider Jane Street trades USD5.6 trillion across equities, ETFs and options. The firm commits its own capital and uses its global footprint to help institutions trade with consistently tight spreads.
Jane Street is registered to price a broad range of European equities and ETFs via platforms that suit client workflows – including RFQ and Jane Street’s SI. Through its SI, Jane Street offers liquidity for more than 2,000 single stocks from the Cboe Europe universe, with a focus
Usonian Investments, a Japanese equity manager located in Chicago and Tokyo, has launched the Usonian Japan Value UCITS Fund on Skyline Umbrella Fund ICAV platform, with initial capital of GBP 73.7 million.
Usonian also confirmed that Old Mutual Wealth’s Cirilium portfolios are an anchor investor in the Fund. The distributor for the Fund is J & E Davy, and the European sub-distributor is Aravis Capital.
The Usonian Japan Value strategy seeks to take advantage of the unique inefficiencies in Japan’s equity markets by following a disciplined, bottom-up value approach. It focuses on Japanese equities that are undervalued, profitable,
OP Investment Management (OPIM) has partnered with China CR Capital Holdings to launch the CR-Wellington AI Fund SPC. The fund is Cayman-domiciled with investment open to Professional Investors only.
CR Wellington AI Fund SPC, managed by Ray Ko, will deploy a series of market neutral and arbitrage strategies. The quant fund will invest in highly liquid securities in multiple exchanges worldwide including Hong Kong, Taiwan, Singapore, Japan, US, and UK.
“Global market volatility is on the rise after delivering high yields across developed and emerging markets last year. It’s in these market conditions, the fund can profit from price
Hedge funds started 2018 up 2.20 per cent in January with managers reporting performance-based gains of USD20.3 billion while investor subscriptions stood at USD21.7 billion at the start of the year, according to the February 2018 Eurekahedge Report.
In annual year 2017, final asset flow figures show that manager saw inflows totalling USD114.6 billion while performance-based gains stood at USD107.3 billion over the same period.
The Eurekahedge Billion Dollar Hedge Fund Index returned 1.77 per cent in January; it’s best monthly return since January 2012 which translated into performance-based gains of USD12.8 billion during the month with net inflows
Value investors are returning to Greece, hopeful that if improving macro-economic conditions persist, the coming year will prove a major boost to Greek small cap stocks, according to Quaero Capital.
The specialist fund management firm says that uncertainties still persist however, with the government still to agree a post-bailout strategy with the Troika of lenders (made up of the International Monetary Fund, The European Commission and the European Central Bank). There is an estimated EUR1 billion shortfall in Greece’s proposed 2018 privatisation programme (which may impact personal tax and VAT measures), and an election cycle is set to begin soon.
The market reversal in early February took a heavy toll on CTAs and they are down almost 5 per cent on a month to date basis, according to the Lyxor CTA index.
Other measures of CTA performance point to a drawdown that was more severe, ie in the -5/ -10 per cent range. Meanwhile, their deleveraging during the selloff suggests they may have lagged the market recovery during the recent days.
Lyxor’s Cross Asset Research team writes: “On a positive note, the current positioning of CTAs is more balanced. Their future performance should thus be more in line with
Euronext has reported strong operating performance for the full year 2017 with revenue up by 7.2 per cent to EUR532.3 million.
Despite low volatility, cash trading revenues totalled EUR190.3 million up 5.3 per cent, thanks to strong market share at 64.4 per cent (67.1 per cent in Q4) and improving volumes (ADV at EUR7.5 billion up 6.7 per cent).
Revenue diversification initiatives also made a solid contribution to performance with FastMatch and Agility for Growth contributing EUR7.2 million and EUR9.8 million to the group revenue, respectively.
EBITDA is robust at EUR297.8 million (+4.9 per cent), with margin at
LRI Group, the leading independent investment services company, in partnership with TAO Alternatives has announced that the TAO Alternatives liquid alternative investment strategy has exceeded EUR500 million in assets under Management (AuM) in February 2018 on LRI Group’s UCITS platform.
LRI Group announced the partnership with TAO Alternatives in September 2017 when the investment strategy was at EUR250 million AuM. The strategy has doubled in size in six months due to several big mandate wins from German pension funds and pension schemes. The investment strategy has also received increased interest from the UK and Switzerland markets.
The strategy is
