Managers
Global Macro and CTAs outperformed the hedge fund space and delivered positive returns last week amidst difficult market conditions. We reaffirm our overweight stance on these two strategies.
Celoxica, a provider of accelerated market data, order entry and pre-trade risk solutions for the electronic trading community, has extended its Celoxica Feed Handler and Gateway portfolio to further support Interest Rate Markets by including the BrokerTec and Nasdaq eSpeed venues, delivering small footprint, high message volume processing at ultra-low latency.
This asset class expansion has been introduced in response to the continued electronification of the Fixed Income and Rates markets, traditionally traded via voice or OTC, but with the introduction of new regulations and increased buy-side demand, progressively moving towards electronic trading. Order-driven venues such as BrokerTec and eSpeed
PEGAS, the pan-European gas trading platform operated by Powernext, is to introduce locational spot products on 17 November 2015, supporting the physical balancing of French Transmission System Operators (TSO) and German Market Area Manager (MAM).
As a result, GASPOOL and GRTgaz will be able to perform balancing actions directly on the existing PEGAS Trayport ETSSM trading screen which has been adapted accordingly. The new products are listed on the PEGAS spot market, allowing all current PEGAS members to easily join in. Transactions will be cleared through European Commodity Clearing (ECC).
PEGAS actively supported national regulatory authorities and grid operators in
Tokyo-based hedge fund manager Sparx Group has launched the Sparx OneAsia Long Short UCITS Fund, a Pan-Asia market neutral strategy, on the MontLake UCITS Platform.
A subsidiary of the long established Sparx Group, Sparx Asia Investment Advisors is based in Honk Kong, and manages and promotes its own funds which invest in securities in the Asian region. The Sparx Group was founded by President and CEO Shuhei Abe in 1989, with a mission to be the most trusted and respected investment company in the world. Sparx Group AUM currently stands at more than USD 8 billion, and boasts a globally
100 Women in Hedge Funds (100WHF), a nonprofit organisation for investors and professionals in the alternatives industry, has raised USD1.36 million for 100WHF Foundation to support its Celebrating Education – Investing in the Next Generation initiatives.
The announcement was made at the 14th annual 100WHF gala in New York, which was attended by The Countess of Wessex, Global Ambassador of 100WHF’s Next Generation initiatives.
To achieve its goal of investing in the Next Generation, 100WHF will partner with four non-profit organisations – Forté Foundation, CAIA Association, Girls Who Invest, and Smart Woman Securities – in 2016 and 2017 to encourage
London-based credit long/short hedge fund manager Palmerston Capital, which was set up by ex-JP Morgan credit trading head Stuart Wain, has closed its Founder Share Class as assets under management now total USD264 million.
The fund has returned 9.55 per cent net of fees year to date with low volatility.
Launched in January 2014 with friends and family money of USD15 million, Palmerston Capital signed an acceleration deal with Tages Capital in Q3 2014 taking AUM over USD100 million. The Founder share class remained open to other investors with discounted fee terms up to a total of USD250 million
Macro Risk Advisors (MRA) raised USD332,000 during the firm's fourth annual charitable trading day on 29 October, with the firm donating all of the net commissions earned from option, stock and ETF trades to charity.
The four organisations to benefit from MRA’s fundraising efforts are: Blythedale Children’s Hospital; Project ABLE; One Love Foundation; and the Navy SEAL Foundation will each receive USD83,000.
Representatives from the charities joined the MRA team for the opening bell to watch the stock and option execution process in real time. The event started off with great excitement, and momentum continued throughout the day until the
Convergex has entered into a clearing agreement with INTL FCStone Financial enabling it to offer its clients access to FCStone's futures execution capabilities and prime brokerage platform.
With FCStone, Convergex Prime Services will be able to offer its clients 24-hour trading access and full portfolio and risk reporting features traditionally only available to larger hedge fund managers. In addition, Convergex's clients will also have full access to FCStone's research geared towards CTAs, CPOs, and hedge funds.
Convergex Prime Services will leverage its existing world class platform by offering an innovative new suite of futures offerings geared towards CTAs and
Gravitas Technology Services is to provide alternative investment manager Mill Hill Capital with cloud hosting, archiving, network support and failover capabilities across its trading, investment, portfolio management, finance, and operations functions.
Mill Hill Capital relies on proprietary valuation, cash flow models and vast amounts of market data to perform its investment analysis and trading activities, there by requiring a chief provider of infrastructure support for on-site servers, cloud storage, backup recovery and archival.
“We have created a scalable institutional platform and first-class infrastructure at Mill Hill and partnering with Gravitas allows us to deliver a best in class hosting
Quantitative hedge fund manager Man AHL has released Arctic, its MongoDB-powered financial tick store, on code collaboration and management site GitHub as a freely available open source project.
By building Arctic on MongoDB, Man AHL realised a 40x cost saving when compared to the legacy time series data store. Processing performance improved by 25x. Man AHL is based in London, Hong Kong, Oxford and Pfäffikon, and has USD17.9 billion in assets under management as of September 2015.
Gary Collier (pictured), Co-CTO of Man AHL, says: “MongoDB has provided tremendous value through the improvements it delivered to our Arctic tick store. It
