Funds
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
OTCX, an over-the-counter derivatives platform, has secured backing from the Angel CoFund as part of its latest funding round.
The Angel CoFund is a GBP100 million investment fund, supported by the British Business Bank, with objectives to back promising UK businesses and help develop the important business angel investment market.
In a market in which over 50 per cent of OTC derivatives are traded via chat, email or voice technology, OTCX provides new solutions that help structure price discovery, negotiation and affirmation communication between counterparties. The investment by the Angel CoFund is further validation of OTCX’s technology and progress in bringing an antiquated OTC derivatives community into the
Quant CTA strategies posted the strongest gains in October according to hedge fund data from HFRI.
All hedge funds posted strong gains in October, the firm says, and equity and fixed income strategies boosted returns to provide HFRI with its twelfth consecutive positive month and the strongest return since July 2016.
The HFRI Fund Weighted Composite Index (FWC) climbed +1.3 per cent in October, increasing the YTD gain to +7.2 per cent and extending the record Index Value to 13,885. The firm writes that Risk Parity strategies also saw strong performance across all volatility target levels in the month.
Industry-wide
PEGAS has launched Congestion Management Products (CMP) on the French Nord and TRS delivery zones, to help the Transmission System Operators GRTgaz and TIGF manage potential congestions on their grids.
The Nord and TRS zones are scheduled to merge in 2018 but bottlenecks could still occur in some specific flow configurations. Some can be observed already today, such as during last winter when grids witnessed periods of high tensions. To avoid these situations, physical mechanisms, such as forced renomination instructions, already exist. However GRTgaz and TIGF, following network code directions, have expressed the need for market- based solutions to complete
Aspect Capital (Aspect), a USD7.0 billion systematic investment manager, has launched the Aspect Alternative Markets Fund, a managed futures trend following strategy which invests in a range of non-traditional, and harder to access markets.
From credit indices and emerging markets currency forwards to European electricity futures, the Cayman-domiciled Fund provides investors with a new diversified and diversifying source of returns which is expected to be uncorrelated to traditional asset classes, and also have a reduced correlation to traditional systematic trend following strategies operating in major liquid futures markets.
The Aspect Alternative Markets Fund, which began trading proprietary capital late
BlueBay Asset Management (BlueBay), a specialist active manager of fixed income, has launched the BlueBay Global Income Fund in response to client demand.
The UCITS Fund seeks to provide an attractive income stream via a low turnover portfolio of bonds. The primary focus is on securities with an attractive relationship between yield and credit risk.
Run by Blair Reid, Mark Dowding (pictured), and Raphael Robelin, the Fund targets a consistent level of credit risk and invests in bonds from across sovereigns and corporates, developed and emerging markets.
Responding to client appetite for the Fund, BlueBay believes the Fund
Total volume traded on Cboe Futures Exchange (CFE) year to date in 2017 has exceeded the total volume of all contracts traded on CFE in 2016.
Total volume traded on CFE in all of 2016 was 60.2 million contracts, total volume traded on CFE through October 2017 is 61.9 million contracts.
Cboe Global Markets Average Revenue Per Contract/Net Revenue Capture is to be updated this week. The company plans to report its average revenue per contract and net revenue capture data for the three months ended 30 September, 2017, in its quarterly earnings news release, which is expected to
Billionaire Mario Gabelli (pictured), the founder of the Gabelli Asset Management Company Investors (GAMCO Investors), is backing New York-based hedge fund management firm Gondor Capital Management by investing in its domestic hedge fund Gondor Partners LP.
Gabelli’s assistant Betsy Dunn said that Mario has confidence with Vincent Au’s understanding of the markets and generating above-average profits.
Dunn says: “He (Mario Gabelli) invested in Gondor Capital because he thought Vincent had passion and commitment and a good nose for stocks.”
Vincent Au, the Portfolio Manager Gondor Capital says that GAMCO’s unit, the Gabelli Education Foundation, has invested in his
