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Hedge funds started 2021 on a positive note returning 0.98 per cent in January, according to the Barclay Hedge Fund Index compiled by BarclayHedge, a division of Backstop Solutions. By comparison, the S&P 500 Total Return Index was down 1.01 per cent in January.
Gainers outnumbered losers in January among the sectors tracked in the Barclay Hedge Fund Indices, despite challenging news on both the economic and the Covid-19 pandemic fronts during the month.
“Most hedge funds sectors performed solidly during a complicated month,” says Sol Waksman, president of BarclayHedge. “Equity markets reached record highs before tailing off late in
Digital token trading platform Bitfinex has increased the maximum leverage for margin trading on the bitcoin-US dollar pair to from 5x to 10x.
In addition, the maximum borrowing amount on Bitfinex Borrow has been increased from 80 per cent to 90 per cent of collateral for USD loans using BTC as collateral and BTC loans using USD as collateral.
“Increasing the maximum leverage for margin trading on BTC/USD will help facilitate more advanced trading strategies and the management of risk,” says Paolo Ardoino, CTO at Bitfinex. “Meanwhile, the increase in the maximum borrowing on collateral for Bitfinex Borrow will provide
Quantumrock, an AI-driven investment manager based in Munich, has appointed Thomas Kemming as its Head of Institutional Client Relations.
Kemming has over 26 years of experience working in the asset management industry. He has held various positions ranging from securities specialist, to derivatives trader, and more recently as a portfolio manager and chief investment officer.
Kemming spent eleven years at Merck Finck working in senior leadership positions as their chief investment officer and later, head of professional clients. Before joining Merk Finck, Kemming spent seven years in derivatives sales and trading at HypoVereinsbank, and in the last three years set-up
Brummer & Partners’ flagship multi-strategy fund has made a strong start to February, with its equities- and macro-focused managers generating strong gains that have helped the Stockholm-based outfit reverse January’s losses.
The Brummer Multi-Strategy (BMS) vehicle’s SEK class has risen 4.5 per cent in the first two weeks of the month, which puts its year-to-date performance at 3.6 per cent. Meanwhile, the twice-levered Brummer Multi-Strategy 2xL version of the fund is up 9 per cent as of 15th February. On a year-to-date basis, it has advanced 7.1 per cent.
Eight out of the nine underlying managers that make up the
Diginex Limited, a digital assets financial services company, and Itiviti, a global technology and service provider to financial institutions, have launched ‘Access’, a front-to-back trading, portfolio, and risk management solution that enables the trading of cryptocurrencies and crypto derivatives across several platforms.
Read the full story at Institutional Asset Manager…
Boutique law firm Kleinberg Kaplan has appointed David Pentlow as Senior Counsel in the firm’s Private Funds & Investment Management Practice.
Read the full story at Private Equity Wire…
Bitwise Asset Management has launched the Bitwise DeFi Crypto Index Fund.
Read the full story at Institutional Asset Manager…
Options, a provider of Ultra-Low Latency (ULL) connectivity to the Financial Services markets, has made a further successful expansion into B3, the Brazilian Stock Exchange.
Clients can now get ULL market access utilising Options’ full infrastructure directly connected in the B3 data centre. Options’ facility in Sao Paulo enables clients to access and trade across all asset classes on the B3 Exchange from Equities, Derivatives, Commodity Derivatives, Indices and FX.
Being one of the world’s largest exchanges and Latin America’s leading exchange, demand is ever-increasing for access to B3. With the successful expansion of the Options infrastructure as part of
CARL has bolstered its list of quantitative strategies previously only available to institutions and the uber-wealthy, with the addition of Victory Peak from Alphatative which is managed by David Bush.
This is the first time this sophisticated quant strategy has been made available to all investors for less than the traditional USD1 million buy-in. Investors can join Victory Peak for as low as USD20,000 through the CARL mobile app, which is available in the Apple App store with an Android version coming soon.
“We’re thrilled to be working with David and Victory Peak. I know we’re both excited to be
Creighton AI, a west coast quant equity fund manager which launched its computer-driven global long/short strategy earlier this year, has named Ryan Willson as chief executive officer.
Willson (pictured) was previously head of North America at the San Francisco- and London-based quantitative investment firm, which specialises in systematic global equity long/short and long-only strategies using proprietary machine-learning algorithms.
Before Creighton AI, Willson – who has some 25 years’ experience building boutique investment firms – was CEO of Lateef Investment Management, whose assets grew from USD300 million to USD6 billion. Earlier in his career, he held roles at Merrill Lynch and
