Managers
Hedge funds continued to navigate current turbulences last week with reduced direct or indirect exposures, according to the latest Weekly Brief from Lyxor’s Cross Asset team.
Lyxor says that the most decorrelating strategies continued to lead amid heightened uncertainties. CTAs benefited from their short US vs long EU bond positions, from their long dollar bets, and from their long energy. Merger Arbitrage did well as a result of tighter deal spreads and moderating deal volatility.
Other strategies were about flat this week.
Lyxor writes: “The risk premium for trade substantially strengthened ahead of the implementation of the first
Sealark has chosen portfolio management technology specialist Truss Edge to support its day to day data and portfolio activities of its new commodities fund.
The new London-based fund has been set up by former Millennium Management trader Andrew Dodson. Truss Edge will be supporting Sealark with full front to back trade processing and data management services.
Truss Edge is the new brand name for EDD Fund Services, a technology company that was originally spun out of a macro hedge fund firm in the US and has been supporting hedge funds and ETFs since 1998.
“We set out to
Tradeweb Markets, a global marketplace for electronic fixed income, derivatives and ETF trading, has reported that Chinese onshore bond trading activity surpassed CNY697 billion (USD107 billion) since the launch of Bond Connect on 3 July 2017.
More than 6,200 fully electronic CNY cash bond transactions have been executed on Tradeweb, the first trading link to Bond Connect, an initiative aimed at driving the electronification and internationalisation of the Chinese bond market.
The addition of Chinese debt instruments in global fixed income indices is expected to create even greater demand for efficient, electronic trading in these markets, when global investors’
After a performance dip in May, June has been a positive month for CTAs, according to June 2018 performance data for Societe Generale’s SG CTA indices.
The SG CTA Index gained 0.55 per cent. Trend followers performed even better and led performance: the Trend Index was up 1.06 per cent with 7 out of the 10 constituent strategies posting positive results. Short Term Strategies had a mixed month, however, ending down -0.42 per cent with 7 out of 10 constituent strategies in negative territory.
The Trend Indicator was up 6.12 per cent in June, with gains from a number
Quant Insight (Qi), a macro analytics firm that applies quantitative techniques to financial markets, has completed its latest funding round, which includes key investments from Alan Howard (Brevan Howard Asset Management) and Jens-Peter Stein (Stone Milliner Asset Management).
Over 80 per cent of capital raised came from Qi’s clients in a successful financing round that exceeded the company’s expectations.
Following increasing global demand for Quant Insight’s AI and machine learning driven macro analytics, the firm has seen a 50 per cent increase in the number of subscribing clients in 2018. As a result, Quant Insight has expanded globally, adding
ReSolve Asset Management has acquired Acorn Global Investments, an alternative investment manager specialising in managed futures and macro strategies.
Acorn has approximately USD210 million in assets under management and has had a long-standing and close relationship with ReSolve.
“We have worked closely with Acorn for many years. Their strong combination of investment research, execution and operational capabilities have laid the foundation for our next phase of growth,” says Adam Butler (pictured), CEO of ReSolve. “The Acorn team’s long history of significant experience in crisis alpha-oriented managed futures programs empowers an important extension of ReSolve’s strategy lineup.”
“This amalgamation simply
Sixty-four per cent of respondents to a new State Street survey are planning to launch cross-border products in the next five years. During the same timeframe, cross-border fund domiciles are also envisioned to experience accelerated growth.
Just over two thirds (62 per cent) of the 250 asset managers that responded to the survey plan to domicile their funds in Luxembourg, a 16-per cent rise from today; 55 per cent in Ireland, a 13-per cent increase from today; and 25 per cent in the Cayman Islands, a six-per cent increase from today. All three domiciles are among the top five most
March this year saw Robert Mirsky, then Global Head of Hedge Funds at KPMG, become Global Head of Asset Management and UK Managing Partner at EisnerAmper.
Mirsky was also charged with opening EisnerAmper’s first UK office and now presides over a small but fast-growing team. The firm is better known in the US, where it is the fifth largest financial services practice, and offers a full suite of accountancy, audit, tax advisory and business advisory services to clients operating in a wide spectrum of business sectors and industries.
Staff globally total 1,500, including 180 partners and principals. The Financial Services
CheBanca! has teamed up with RAM Active Investments (RAM) to offer systematic strategies on its investment platform.
RAM will make its know-how available to the client base of CheBanca! through 11 funds encompassing systematic equity long-only, liquid alternative strategies and discretional fixed-income strategies.
“We continue to grow in the asset management industry, catching the new opportunities that systematic investments are opening on the market,” says Alessandro D’Agata, general director of CheBanca!. “Thanks to the collaboration with Mediobanca SGR, we work in a guided open architecture scheme, which enables us to build and manage efficient portfolios relative to different risk/reward
Cboe Global Markets is planning to establish a new venue in Amsterdam to ensure the company is well-positioned to continue to serve its customers across Europe from April 2019, after the UK’s planned exit from the European Union (EU).
Cboe Europe has filed its application with the Dutch Authority for the Financial Markets (AFM) to establish a MiFID II compliant equities trading venue and Approved Publication Arrangement (APA) in the Netherlands to continue to service its EU customer base. The choice of the Netherlands comes after thoughtful and careful consideration of a number of locations that have strong international financial
