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International law firm Proskauer has announced the results of the Proskauer Private Credit Default Index for the first quarter.
The default rate continued to decline since peaking in Q2 2020. In Q1 2021 the overall default rate was 2.4 per cent, down from 8.1 per cent in Q2 4.2 per cent in Q3, and 3.6 per cent in Q4.
The quarterly index tracks the default rates of senior secured and unitranche loans.
“We saw another significant drop in the default rate this quarter, reflecting the improvements we are seeing across our practice.” says Stephen A Boyko, co-chair of Proskauer’s Private
CME Group has launched Micro Bitcoin futures, further expanding its suite of crypto derivatives offerings.
“We are pleased to introduce this new contract at a time when we continue to see consistent growth of liquidity and participation in our crypto futures and options,” said Tim McCourt, CME Group Global Head of Equity Index and Alternative Investment Products. “At one-tenth the size of one bitcoin, Micro Bitcoin futures will provide an efficient, cost-effective way for a broad array of market participants – from institutions to sophisticated, active traders – to fine-tune their bitcoin exposure and enhance their trading strategies, all while
Amber Group, a crypto trading and technology firm, has launched new features for the Amber App, which is designed to help users achieve optimal investment returns through interest rate products, yield enhancement and risk management tools. Amber’s all-in-one mobile application now includes new features such as Swap and Flexible Earn.
“With an increasing number of people entering the crypto market, the Amber App has been a solution for many as it provides a way for users to access liquidity, earn yield, and manage risk across crypto assets with speed and security,” says Michael Wu, CEO of Amber Group. “These new
Dalzell Trading has entered into a joint marketing and research payment agreement with Unicus Research.
Unicus Research is an investment research firm dedicated to providing asset managers proprietary and custom research strategies. Dalzell Trading is an outsourced equity and options trading firm that will facilitate the efficient payment for research strategies from Unicus Research.
David Dalzell, founder and CEO of Dalzell Trading, says: “We are thrilled that Laks Ganapathi and her team at Unicus Research have partnered with us to provide best-in-class services to asset managers. Dalzell Trading will provide Unicus clients with a professional trading desk dedicated to streamlining
More non-equity hedge funds are offering founder share classes in a bid to attract capital and get new launches off the ground.
Leeds Equity Partners (Leeds Equity), a New York-based private equity firm, is investing in OptionMetrics, an options and futures database and analytics provider for institutional investors and academic researchers worldwide.
Read the full story at Private Equity Wire…
The longstanding Chief Risk Officer of European Commodity Clearing AG (ECC), Dr Thomas Siegl, will leave the company at the end of April 2021 after his appointment expires. Siegl did not seek an extension of his contract for personal reasons.
Austrian-born Siegl was appointed to the ECC Executive Board on 1 May 2010 and has been responsible for risk controlling and risk management at the clearing house since that time.
Peter Reitz, Chief Executive Officer of ECC, says: “During his time on the Management Board, Thomas Siegl has made a considerable contribution in establishing and further developing the risk management
While investors pulled USD9.36 billion from the global hedge fund sector in March, quarterly flows remained positive, at +USD17.68 billion, according to the just-released March 2021 eVestment Hedge Fund Asset Flows Report.
Hedge funds’ strong performance so far this year, which has sparked renewed interest in the business among some investors, also added to overall assets under management (AUM), increasing total hedge fund business AUM to USD3.417 trillion at the end of Q1.
“The theme of broadly distributed inflows we’ve seen in previous months this year slowed in March, with the overall proportion of funds with inflows in March
Qontigo, an investment intelligence specialist and provider of banalytics and indices, and Siepe, a provider of technology, data and analytics solutions, have entered into an exclusive partnership to launch Axioma Risk: Elements, a pre-defined selection of data analytics from the Axioma Risk risk management platform.
Siepe will be offering clients a bespoke configuration of risk analytics across multiple asset classes, with Axioma Risk: Elements providing an entry point for hedge funds, asset managers and other fund managers to integrate a fixed set of fundamental statistics, stress tests and risk settings from the more comprehensive, cloud-native Axioma Risk enterprise software. In
“Fruitful” opportunities ahead for macro hedge funds, but credit strategies face Q2 challenges
“Fruitful” opportunities ahead for macro hedge funds, but credit strategies face Q2 challenges