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The gross return of the SS&C GlobeOp Hedge Fund Performance Index for April 2021 measured 2.04 per cent.
Hedge fund flows as measured by the SS&C GlobeOp Capital Movement Index advanced 0.26 per cent in May.
“SS&C GlobeOp’s Capital Movement Index for May 2021 of 0.26 per cent indicates higher net flows into hedge funds than the same period a year ago when inflows of 0.13 per cent were reported,” says Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies. “So far, in 2021, every month has shown increased net flows compared to last year’s.”
The concept of outsourced trading is not new to hedge funds, but its relevance has arguably come to the fore in recent years as managers of all shapes and sizes seek out ways to run their businesses as cost-effectively as possible, in response to ongoing fee pressure.
Apex Group has launched an Outsourced Special Purpose Acquisition Company (SPAC) Chief Operating Officer Solution via subsidiary Throgmorton US.
Read the full story at Private Equity Wire…
SoftSolutions!, a developer of high-performance trading technologies, and TransFICC, a specialist provider of low-latency connectivity and workflow services for Fixed Income and Derivatives Markets, have partnered to provide clients with a complete cloud-based trading service with connectivity to multiple Fixed Income trading venues.
A new white paper from quantitative investment management firm Versor Investments, has revealed that the last time the valuation spread between value stocks and growth stocks was as extreme as it is now, was at the end of the technology boom in 2000.
The paper titled “Value Returns in 2021: Mirage or Oasis”, is co-authored by Versor Founding Partners Deepak Gurnani and Ludger Hentschel who have over 40 years of combined experience in quantitative investing and research.
Although value investment styles have severely underperformed for the past several years, the paper highlights that early 2021 has seen positive value returns.
Toshiba Corporation (President and CEO, Satoshi Tsunakawa) and Dharma Capital KK (Founder and CEO, Akiyoshi Shiotani) will launch a joint project to verify the effectiveness of high frequency trading (HFT) strategies for Japanese listed stocks based on optimal solutions presented by a quasi-quantum computer, Toshiba’s Simulated Bifurcation Machine.
Energy-focused hedge fund Westbeck Capital has bagged its sixth consecutive monthly gain, as it “aggressively” tapped into buying opportunities during last month’s steep oil correction.
The Westbeck Energy Opportunity Fund – Westbeck’s flagship long/short directional hedge fund strategy which trades across equities, futures and options – scored a 3.9 per cent gain in April, and has already started May positively, the firm said on Wednesday.
The strategy – whose returns have surged more than 46 per cent in the first four months of 2021 – capitalised on buying opportunities in the aftermath of the seismic oil sell-off back in March and April, which the firm saw as a
Drawbridge, a provider of cybersecurity software and solutions to the alternative investment industry, has appointed Darrell Tucker as Managing Director, Client Services. Tucker will join the Drawbridge Executive Team and be responsible for managing global client engagement, identifying methods to enhance the overall client experience for Drawbridge platform users and driving customer success.
Over the past year, more than 100 clients globally have successfully implemented Bloomberg’s Buy-Side Solutions, which are used by some of the world’s largest asset managers, hedge funds, insurance companies, pension funds and government agencies.
Read the full story at Institutional Asset Manager…
TMX Group subsidiary Trayport Limited (Trayport) is to acquire Tradesignal, a provider of rules-based energy trading and analysis solutions.
“The acquisition of Tradesignal is another milestone in our growth strategy, as we continue to focus on meeting the increasing market demand for data and analytics, to support quantitative and automated approaches to trading,” says Peter Conroy, President, Trayport. “Tradesignal complements Joule, and combined with Trayport’s Data Analytics and autoTRADER solutions, will further enhance decision making and the trading experience. A large number of major European energy market participants are already existing Tradesignal clients, and we look forward to working with
