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The team behind digital market infrastructure specialist Custody Digital, have launched Ledgermatic, a push to modernise corporate treasury solutions.
Read the full story at Hedgeweek…
Darien Group, a branding and communications agency serving alternative investment managers, has appointed two executives, Lauren De Paola and Timothy Leung, and promoted of Olena Moiseeva, to partner.
These appointments significantly expand the firm’s service offerings, adding deeper expertise on Environmental, Social, and Governance (ESG) and Investor Relations advisory to existing strengths in brand development, capital raise materials, website development, and video production services.
“Lauren and Tim’s capabilities, pedigrees, and standards of excellence are transformative to Darien Group’s development and maturation,” says Charlie Ittner, Managing Partner of Darien Group. “In our first five years, we established our firm as the
Benjamin B Allensworth has rejoined Willkie Farr & Gallagher as counsel. Allensworth will be a member of the Firm’s Asset Management Group, focusing his practice on advising investment advisers, private funds, hybrid regulated fund products (including business development companies), and broker-dealers on regulatory, compliance and transactional matters, and will be based in Washington, DC.
He previously served as Managing Director & Counsel for Tax and Finance at the Managed Funds Association (MFA), the leading industry trade organisation of the global hedge fund industry, for 13 years. Prior to that, he was an associate in Willkie’s Washington office.
“Ben has
Digital asset investment product inflows lhit a record total of USD1.31 billion last week, following a period of minor outflows, according to CoinShares.
ACDX is launching the Bull Bear Strike Token (BBS), a leveraged derivatives product that combines perpetual futures and options.
“The current specifications of most derivatives products are too complicated. At ACDX, we want to simplify the whole process to make crypto investment user-friendly for both beginner and sophisticated traders. Busy traders nowadays yearn for an all-rounded yet simple product. That’s how the idea of BBS arises. Moreover, as traders’ appetite for cryptocurrencies continues to escalate, ACDX believes the demand for structured crypto products will follow suit,” says Andy Cheung, Founder of ACDX.
If a trader has a principal of 1
The world’s 20 biggest hedge fund firms took home around half of all gains made by the entire industry last year, as successful stock-picking and individual manager skill sent returns soaring among the sector’s behemoths, leaving quant-based strategies in their wake.
Overall, the hedge fund industry generated UD127 billion net of fees last year, according to new research by LCH Investments, a fund of hedge funds which is part of the Edmond de Rothschild Group.
Some USD63.5 billion of that total was generated by the top 20 largest hedge fund managers, including the likes of Tiger Global, Millennium Management, and
Managed futures hedge funds have made a positive early start to the year, following a tough 12 months in which volatility spikes and see-saw performances in many assets made it tricky for computer-based strategies to capitalise on market trends.
Two out of the three daily CTA indices produced by Société Générale were in the black entering the final week of January.
The main SocGen CTA Index, which measures the daily performance of a select pool of 20 of the largest managed futures strategies, has advanced 1.43 per cent since the start of 2021.
The gain continues the index’s recent positive
The SS&C GlobeOp Forward Redemption Indicator for January 2021 measured 1.78 per cent, down from 3.95 per cent in December.
“SS&C GlobeOp’s Forward Redemption Indicator for January 2021 of 1.78 per cent reflects lower redemption notices than the 2.26 per cent reported a year ago,” says Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies. “This reduction in redemptions marks the seventh consecutive month of year-over-year improvement and is the lowest level of redemptions for any month of January since the inception of the Forward Redemption Indicator in 2008. Hedge fund asset retention has been generally strong since the COVID-19
The crypto derivatives market grew rapidly in 2020 with annual trading volume reaching USD12,31 trillion, an increase of 402 per cent from 2019. Huobi Futures noted that in 2020, a year ravaged by the Covid-19 pandemic, USD2.3 trillion was traded on the exchange. According to figures from TokenInsight, it is now the largest derivatives exchange by annual trading volume.
Fulcrum Asset Management has promoted Matthew Wright, Director of Sales and Marketing, to Partner.
Wright has been with the multi-asset boutique since June 2015 and has led the drive to expand the UK wholesale business and international distribution across Europe and Japan among other territories. Wright has 25 years’ experience in the industry including senior roles at Fidelity, UBS and Carmignac.
Wright says: “I am truly honoured and delighted to become a Partner at this pivotal point in Fulcrum’s development. Fulcrum is not a traditional retail asset manager with advertised distribution, rather a professional outsourced asset manager curating bespoke return
