Managers
London Stock Exchange Group (LSEG) has taken a minority stake in AcadiaSoft, a provider of margin automation solutions for counterparties engaged in collateral management worldwide.
Along with this investment, AcadiaSoft has signed a preliminary agreement that will enable further collaboration with LCH SwapAgent on the development of new products to automate and standardise the margin process for non-cleared derivatives. AcadiaSoft and LCH SwapAgent will work together to provide global derivatives market participants with a seamless operational process for margin calculation.
“This investment by London Stock Exchange Group is a significant building block to a fully automated post-trade process for
Pacific Alternative Asset Management Company (PAAMCO) has launched PAAMCO Launchpad, a co-investment platform for seeding and supporting emerging hedge funds. Employees Retirement System of Texas (ERS) is the inaugural PAAMCO Launchpad partner.
ERS and PAAMCO believe the PAAMCO Launchpad platform will prove to be a compelling solution to help burgeoning managers with high-growth potential establish institutional-calibre firms. The ERS/PAAMCO Launchpad partnership builds on the long experience that both ERS and PAAMCO have in hedge fund investing, particularly with early-stage managers.
By combining their vast resources, experience and investment capital, ERS and PAAMCO believe they can provide a meaningful opportunity to
Steele Compliance Solutions (Steele) has acquired TransparINT, a technology company harnessing artificial intelligence (AI) technology to provide the next generation of compliance tools.
TransparINT’s negative news monitoring application uses machine learning and natural language processing (NLP) to filter vast quantities of unstructured data from millions of sources to identify risk potential efficiently. This acquisition creates a unprecedented combination of software technology and human plus artificial intelligence, all designed to deliver an industry-leading set of compliance and risk mitigation tools.
TransparINT’s proprietary AI engine harnesses over 5 million sources to compile risk records on over 43 million entities and individuals
Hedge funds have successfully navigated recent choppy waters, according to the latest Weekly Brief from Lyxor’s Cross Asset Research team with the Lyxor Global Hedge Fund Index slightly down at -0.4 per cent. Strategies with the highest market beta underperformed.
The long L/S Equity strategies underperformed, specifically EM and Asian strategies, hit by trade war tensions. On the other side of the spectrum, Market Neutral funds suffered moderately from a momentum reversal and their short sensitivity to low beta stocks.
Merger Arbitrage specialists outperformed. The strategy fits well with current market conditions on the back of their low sensitivity
GMEX Group, a provider of multi-asset exchange trading, post trade business solutions and technology, has taken a leading role in the initial consortium to launch the Mauritius International Derivatives and Commodities Exchange (MINDEX), through the GMEX Market Advancement Programme (GMEX MAP).
It is hoped that MINDEX will become a multi-commodity and derivatives exchange platform with full regulatory oversight by the Mauritius Financial Services Commission.
Following the opening of its regional headquarters in the Mauritius International Financial Centre (IFC) last year, GMEX has been working closely with the British High Commission Mauritius and Department for International Trade (DIT) Mauritius. The DIT
Quantitative hedge fund WPT believes there’s a ‘significant’ risk of a market correction in 2018 and is preparing for probable market turbulence.
While accelerating global growth, corporate tax reform and a business-friendly administration in the US have contributed to market gains, it’s not clear these factors justify current valuations, especially considering debt to GDP levels globally.
The best global economic growth in seven years has helped a multi-year bull rally in stocks. The current S&P 500 Index’s price to earnings ratio of about 25.07 (as at 22/6/18), also the S&P 500 price to sales ratio sits a significant premium at 2.24 compared with
Dutch gas transmission system owner and operator, Gasunie Transport Services, is to use pan-European gas trading platform PEGAS for the determination and provision of the Neutral Gas Price (NGP).
Gasunie Transport Services is pleased that after a temporary use of the day-a-day reference price of PEGAS, GTS and PEGAS found a future-proof solution for determining the neutral gas price. GTS will use the neutral gas price, among other things, for the settlement of off-line allocations and Linepack Flexibility Services for shippers. The price will be provided and published by an Exchange, according to European and Dutch regulations. The neutral gas
The SS&C GlobeOp Forward Redemption Indicator for June 2018 measured 4.17 per cent, up from 3.47 per cent in May.
“SS&C GlobeOp’s Forward Redemption Indicator for June 2018 was 4.17 per cent, an increase from the 3.59 per cent reported for the same period a year ago for June 2017,” says Bill Stone (pictured), Chairman and Chief Executive Officer, SS&C Technologies. “Recent months’ redemptions are running somewhat higher than the very low levels seen in 2017, but remain in line with historical averages.”
The SS&C GlobeOp Forward Redemption Indicator represents the sum of forward redemption notices received from investors in hedge funds
Apis Capital Management has launched the Apis Token which is designed to enable investors to profit from an actively managed investment strategy, which it says has returned over 70 per cent per year since inception, while benefiting from the liquid and tradeable nature of blockchain-based tokens.
The token will begin its private presale this June, is built using the Steller network and leverages its state of the art blockchain technology that benefits from best in class speed, efficiency, security and lowest transaction fees.
Dr Edgar Radjabli (pictured), Managing Partner of Apis Capital Management, says: “One major advantage is that
Hedge fund launches exceeded liquidations in Q1 2018 for the third consecutive quarter, as both launches and liquidations fell through early 2018, according to the latest HFR Market Microstructure Report, released today by HFR.
An estimated 158 funds launched in Q1 2018, down from 190 in Q4 2017, the lowest quarterly new launch total since 153 funds were started in Q4 2016.
Fund liquidations also declined in early 2018 after falling sharply in 2017, with 145 funds liquidating in Q1 2018, compared to 259 in the same period last year, the lowest total since Q3 2017, and the second
