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The hedge fund industry continued its positive run in March returning 1.23 per cent for a fifth consecutive month in the black, according to the Barclay Hedge Fund Index compiled by BarclayHedge, a division of Backstop Solutions.
By comparison the S&P 500 Total Return Index gained 4.38 per cent during the month.
For the year to date, the hedge fund industry was up 4.93 per cent through the end of March. The S&P 500 Total Return Index returned 6.17 per cent over the same period.
Gainers far outnumbered losers during March among the individual sectors tracked in the Barclay Hedge
The fallout from the Greensill collapse in recent weeks has highlighted just how vital it is to have a transparent view on credit risk, whether it is in supply chain finance or the equity tranche of a CLO. In any investment fund the buck stops with the portfolio manager; they are the ones making critical decisions and one must assume they understand the underlying risk.Â
TotemFi, the decentralised finance (DeFi) prediction markets platform for the crypto community, recently launched its TOTM token cryptocurrency, which achieved a 12,117.3 per cent price increase to USD27.489 from its initial listing price of USD0.225. It’s currently trading at around USD2.85 on exchanges.
New Hyde Park Alternative Funds (New Hyde Park) has appointed Marc Lorin as Chief Investment Officer (CIO).
New Hyde Park is the sponsor of the Galaxy Plus and Galaxy Plus Hedge managed account platforms, and Galaxy Plus DMA, a dedicated managed account offering for institutional investors. In the newly created position, Lorin brings over 30 years of experience in alternative investments and the financial services industry to New Hyde Park’s suite of managed account solutions.
Lorin has a wealth of experience ranging from investment management and structuring, to institutional sales focusing on managed futures and global macro hedge fund
The Supervisory Board of the European Energy Exchange AG (EEX) confirmed Jens Rick as a member of the Management Board in its meeting on 14 April and extended his mandate for another five years until 31 January 2027. Rick has been active as Chief Information Officer of EEX since 1st February 2019. In this role he is responsible for the operation and development of EEX’s IT infrastructure.
Larger hedge funds have entered the second quarter on a high after a staging an impressive fightback which saw them generate above-average returns in March after lagging the industry average during the first two months of the year.
Despite only launching in 2019, SIGTech’s quant trading platform is now being used by fund managers with a combined AUM of USD312 billion.
iConnections, the industry-leading platform and community that connects investment managers and allocators, has announced the mental health charities that it will be supporting as part of its month-long Funds4Minds fundraising initiative in May.
They include: Batryr, an Australian preventative mental health charity for young people; Brain & Behavior Research Foundation, an organisation that awards research grants to scientists looking to alleviate the suffering caused by mental health issues; Jed Foundation, a charity supporting teenagers and young adults through protecting emotional health and suicide prevention in the US; Mental Health Innovations, a UK-based charity supported by the Royal Foundation which uses
TORA, provider of the industry’s most advanced cloud-based order and execution management system (OEMS) and portfolio management system (PMS), has appointed Mark Moran as Sales Director.
Moran will work alongside Tom Mollooly to grow TORA’s PMS, OMS and EMS products to US buy side and sell side firms. Moran will report to TORA managing director Chris Jenkins.
“Mark is a fantastic addition to the team. He has great experience in both buy side trading firms and technology projects for the sell side. Mark will be focused on expanding our US sales channels following the latest success of our new
Building on its commitment to drive positive change through its data and insights, Refinitiv has expanded its economic data coverage of Africa.
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