Funds
Bitcoin expert Nicholas Gregory, founder and CEO of London-based cryptocurrency enabler CommerceBlock, comments on recent volatility in cryptocurrency prices…
Prices of digital currencies have been on a rollercoaster ride lately but this violent volatility is actually all a bit of a sideshow.
The simple reason is that plenty of people hold billions of pounds worth of cryptocurrency right now at no risk. That’s because they are using hedging or short positions to cover losses that might occur before they are able to convert their money into pounds and pence. This is common practice for businesses using traditional currencies and
The gross return of the SS&C GlobeOp Hedge Fund Performance Index for October 2017 measured 0.86 per cent.
Hedge fund flows as measured by the SS&C GlobeOp Capital Movement Index advanced 0.39 per cent in November.
“SS&C GlobeOp’s Capital Movement Index showed a net inflow for November 2017, gaining 0.39 per cent,” says Bill Stone (pictured), Chairman and Chief Executive Officer, SS&C Technologies. “On a comparative basis, this was somewhat lower than the 0.66 per cent increase in the index reported a year ago for November 2016, but well within the range of normal variation. Overall, this month’s results
Hedge funds are on track to deliver their best year since 2013, according to the HFRI Fund of Funds Composite Index, which is up 6.8 per cent year to date (at end of October).
The Lyxor Hedge Fund index, which is narrower and only composed of liquid alternative funds, is up 4.7 per cent year to date (as of 7 November). Provided that performance stays strong in November and December, this year could be the best year for hedge funds since 2009.
The sources of hedge fund returns, after two disappointing years in 2015 and 2016, are first related
Quantitative and systematic-focused investment manager Systematica Investments has extended its portfolio offering to a broader investor base through the launch of a new UCITS fund based on the Systematica Alternative Risk Premia (SARP) strategy.
Since its launch on 1 March 2017, SARP has seen strong investor interest, growing assets under management to USD120 million. A UCITs version of the SARP strategy has been made available to UK and European investors and their advisers from 8 November 2017, with a commitment to invest from a significant seed investor of USD122 million. The fund will have daily liquidity and will be Systematica’s
Hedge funds returned an average of 1.22 per cent in October and are up 7.18 per cent YTD in 2017, according to eVestments’ latest Hedge Fund Industry Report.
Eighty per cent of the industry is positive in 2017, with average gains from those funds in the black nearing 12 per cent. In October, the hedge fund industry returned an average of +1.22 per cent, bringing year-to-date (YTD) returns to +7.18 per cent.
Managed futures funds had one of their best months ever in October, returning +3.76 per cent for the month. At +2.25 per cent, YTD returns still lag
The Lyxor Hedge Fund Index continued its recovery in October advancing +2.3 per cent, with six out of nine of Lyxor’s indices recording strong results.
CTAs were the primary beneficiaries of the momentum in global equities. They also thrived from their long allocations in EU bonds and energy.
Variable L/S Equity and Event Driven funds also delivered strong results, while quant funds lagged amid record low volatility and reduced factor differentiation. Their reinforced sector neutrality also deprived them from the strong pulse in momentum and high beta.
“Higher stock dispersion in most regions and low correlations are positive
Hedge Funds extended their winning streak to 12 months with a 0.96 per cent gain in October, according to the Barclay Hedge Fund Index. The index is up 8.31 per cent for the year and has gained 10.40 per cent since the current winning streak began in November 2016.
“Strong global equity markets continued to fuel broad based hedge fund gains,” says Sol Waksman (pictured), founder and president of BarclayHedge. Fourteen of Barclay’s 17 hedge fund indices registered positive returns for the month.
“Driven by positive earnings reports, the S&P 500 and NASDAQ both ended the month at new
Crux Informatics has closed a USD10 million Series A financing, led by Goldman Sachs Principal Strategic Investments (PSI) and other institutional investors.
Crux helps companies reduce the effort and money spent acquiring, exploring and processing large amounts of data. The company implements and operates the data processing pipelines they create for their customers’ unique requirements. Crux says its clients can find actionable insights faster and easier.
“The emergence of unstructured data as an important input into the investment process creates a great opportunity for financial institutions, but only if actionable insights can be extrapolated from it,” says Darren Cohen, global
Following difficult conditions for CTAs for most of this year, October has seen significant improvement as all of Societe Generale’s CTA indices returned positive performance. Trend following strategies performed the best as the SG Trend Index was up 5.55 per cent for the month.
October was the strongest month since June 2016 for both the SG Trend and CTA Indices, and since February 2016 for the Short-Term Traders Index. As a result, year-to-date performance for the CTA, CTA Mutual, and the Trend Index moved back into positive territory. However, despite the uptick in performance for all strategies in October, the
Euronext has reported strong revenue growth in the third quarter of 2017, with an increase of 14.1 per cent over Q3 2016 to EUR128.7 million, mainly due to improvement of volumes in a stabilised macro environment.
Cash average daily volume (ADV) was up 9.5 per cent in Q3 2017 compared to Q3 2016, to EUR6.9 billion, while market share of cash equities strengthened to 65.2 per cent, with robust yield. In addition, an improved competitive landscape for Dutch derivatives has seen equity derivatives ADV increase 20.8 per cent.
Euronext saw strong listing activity over the quarter, with increases in IPO (+68.6
