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Managed futures hedge funds have mounted an impressive fightback in recent weeks after finishing last month in the red, with new data from Société Générale showing its key CTA and trend-following indices storming into positive territory at February’s mid-way point.
This corner of the hedge fund industry – which aims to capitalise on market trends across a selection of asset classes, including equities, bonds, commodities and currencies, typically using computer-driven algorithms – endured fluctuating fortunes in January. Equity market losses as a result of the GameStop fiasco, coupled with currency losses, ultimately sank early-month gains in commodities and bonds.
Now,
Umbria Network, a decentralised finance platform on the Ethereum blockchain, is deploying its suite of applications on Polygon (previously Matic Network).
Polygon – which has vast experience and presence in the DeFi space – provides scalable, secure and instant Ethereum transactions using Plasma side chains and a Proof-of-Stake network. It is one of the most active layer-2 Ethereum scaling solutions in existence today. Its Developer Support Program is designed to help developers overcome difficulties they may face while developing Blockchain-based applications.
The Umbria team has decided to build its applications on the Polygon network due to its EVM compatibility; high speed, low
Digital asset investment products saw inflows of USD602 million last week, the third-largest total on record, according to the latest data released by CoinShares.
Bitcoin saw inflows of USD367 million as the trend of announcements by large corporations and funds using bitcoin as a treasury asset and investment continued.
Total assets under management for investment products stood at USD47 billion at the end of last week, with ether the standout performer at a record USD216 million of investment product inflows, beating the previous week’s record of USD195 million. Ethereum inflows represented 36 per cent of the digital asset inflows last
JTC, a global provider of fund, corporate and private client services, has acquired INDOS Financial and its subsidiaries (INDOS) for a maximum consideration of GBP12.5 million.
The initial consideration is GBP11 million which will be settled in cash GBP10 million and JTC equity GBP1 million. A further GBP1.5 million deferred consideration is available to management on the achievement of performance targets.
Founded in 2012, INDOS is a specialist in the provision of depositary, ESG and AML oversight services for alternative investment funds. As of December 2020, INDOS’ client assets under depositary oversight were cUSD35 billion and AML officer clients
Bridge Mutual, a decentralised, peer-to-peer discretionary coverage platform for digital assets, has partnered with YOP, a yield optimisation platform & protocol for DeFi.
Through this partnership, Bridge Mutual will provide users of YOP’s mobile application the ability to easily purchase discretionary coverage for their investments directly through the app.
YOP will integrate Bridge Mutual into its yield optimisation platform, allowing Bridge Mutual to provide coverage to investors. YOP’s soon to be released mobile application enables investors to store their funds and invest them into yield generating pools automatically and autonomously.
“We’re excited to partner with innovative protocols such as YOP,
AKJt Holdings Limited (AKJt), an affiliate of AK Jenson Group (AKJ), a provider of turnkey trading and infrastructure solutions for fund managers, has acquired RiskCap Ltd.
RiskCap was formed in 2013 and offers services including governance, risk management, and regulatory and AML/CFT compliance. Clients include electronic money institutions and payment institutions, MiFID firms, insurance firms and funds with a collective EUR5 billion in assets under management. The transaction, which is subject to regulatory approval, will allow AKJ and AKJt to expand its product suite by integrating RiskCap’s expertise into existing full-service solutions for funds trading in both traditional and digital
Falcon Investment Management and ex-JP Morgan strategist Arman Salavitabar are launching a US equity-focused long/short hedge fund on the London-based firm’s multi-manager investment platform.
The Sala Vita L/S Equity Fund brings together human analysis and machine learning algorithms, combining systematic equity selection and market timing signals to manage a long/short portfolio of single stocks.
The new fund, which targets uncorrelated, absolute returns of more than 10 per annum through trading S&P 500 names, will be positioned to outperform in high-volatility market environments in order to complement investors’ broader equity portfolios.
“Capital markets are just starting to see the type of
Hedge funds are continuing to profit from the ongoing surge in cryptocurrencies, as more managers pour money into digital assets’ record rise this year.
Hedge funds trading blockchain digital currency and distributed ledger technologies, as measured by Hedge Fund Research’s Blockchain Composite Index, soared over 48 per cent in January, opening 2021 in style after gaining a remarkable 189 per cent last year.
Meanwhile, HFR’s Cryptocurrency Index – a performance-based benchmark of fundamental and quantitative hedge funds that trade cryptocurrencies directly, including bitcoin, ether, litecoin, as well as new initial coin offerings – was also up more than 48 per cent in
Telos, the second most active blockchain platform in the world, with over 600,000 accounts, has created a new bridge to Ethereum in coordination with plans to list its new ERC-20 token on Uniswap in March.
Read the full story at Institutional Asset Manager…
Sterling Trading Tech (STT), a specialist in technology solutions for equity, equity options, futures and digital asset trading, has reported record growth companywide in 2020.
Read the full story at Institutional Asset Manager…
