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The gross return of the SS&C GlobeOp Hedge Fund Performance Index measured 2.40 per cent for February.
Hedge fund flows as measured by the SS&C GlobeOp Capital Movement Index advanced 0.59 per cent in March.
“SS&C GlobeOp’s Capital Movement Index for March 2021 was 0.59 per cent, indicating positive net inflows into funds. These flows were closely in line with the favourable 0.60 per cent reported a year ago, which was about the time when the Covid-19 outbreak began impacting markets,” says Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies. “In the year since, hedge funds have experienced generally
Family office-backed alternative asset manager Trium Capital has hired experienced macro strategy specialist Joe Rouncefield.
Rouncefield joins Trium from emerging market-focused hedge fund Spinnaker Capital and brings extensive experience working with a wide range of institutional investors in offshore and UCITS macro strategies.
Rouncefield previously spent almost a decade at Hugh Hendry’s Eclectica Asset Management where he covered both the flagship Eclectica macro hedge fund and the firm’s UCITS strategies.
In his new role, Rouncefield will work closely with former Eclectica colleague Tom Roderick, who has been managing a UCITS compliant discretionary global macro portfolio for Trium since 2018.
Co-head
Tether Operations Limited, a blockchain-enabled platform that powers the largest stablecoin by market capitalisation, has launched Tether tokens (USDt) on Solana, an ultra high-speed Layer 1 blockchain.
USDt’s integration on Solana will allow USDt holders to exchange USDt at speeds greater than 50,000 transactions per second, often for as little as USD0.00001 per transaction. This will facilitate the development of high-speed, low-cost applications, including those in the nascent decentralised finance (DeFi) space.
“This integration with Solana will help to support a dazzling array of projects, including those in DeFi, Web3 and blockchain gaming,” says Paolo Ardoino, CTO of Tether. “We
OptionMetrics, an options database and analytics provider for institutional investors and academic researchers worldwide, has released its new IvyDB Futures database with historical futures and futures option pricing data for listed US markets.
IvyDB Futures offers clean historical data since January 2005 on most liquid optionable futures roots in agriculture, currency, energy, equity, interest rate, and metals sectors from major US futures exchanges, including ICE, CME, and NYMEX. Data is provided daily to reflect updated information such as new settlement prices, volume, open interest and contract expirations. This enables academic and financial industry researchers and practitioners to efficiently backtest strategies,
Blackthorne Capital Management (Blackthorne), a commodity trading advisor specialising in absolute-return trading strategies, has launched the Blackthorne Sentiment Enhanced Trading Program on Efficient Capital’s fund hosting platform.
The partnership will provide Blackthorne with a superior, well-established infrastructure that has undergone rigorous due diligence reviews by large institutional investors and investment consultants – a key benefit of Efficient’s platform.
“We are thrilled to enter into this significant new partnership with the launch of Blackthorne’s Sentiment Enhanced Trading Program on Efficient’s platform. The hosting of our Trading Program on Efficient’s platform enables us to focus on what we do best –
The widening valuation gap between emerging markets fixed income and its developed markets counterpart is set to throw up “interesting opportunities” for EM-focused investors and hedge funds once the recent US treasury yield spike stabilises, according to BlueBay Asset Management.
As US 10-year treasury yields spiralled this week – topping 1.6 per cent at one point – volatility across equity markets kept a lid on returns, while emerging markets fixed income, local markets, and sovereign and corporate credit were also all down.
The move in higher real rates has proved a headwind for EM fixed income – but has led
The team at Hedgeweek is delighted to announce the winners of this year’s Hedgeweek European Awards, compiled in conjunction with Bloomberg.
London-based commodities-focused hedge fund Westbeck Capital Management has seen its flagship strategy surge in recent weeks, as oil prices continue to trend upwards.
The Westbeck Energy Opportunity Fund finished February up 32.8 per cent, and is maintaining its positive momentum in March as oil prices regain pre-pandemic levels and oil equities rebound.
The strategy, which launched in 2016, trades oil markets using a long/short directional approach across equities, futures and options. Oil equities, oil futures – both long and short – oil options and emissions all contributed positively to March’s returns, which was the fund’s best monthly performance since April
New Zealand Registered Financial Service Provider Techemynt has launched the first New Zealand dollar stablecoin, $NZDs.
Read the full story at Institutional Asset Manager…
Hedge fund consultant PivotalPath has formed a new partnership with the Institute for Private Capital (IPC) which will provide academic researchers with a wealth of hedge fund industry information while still maintaining manager confidentiality.
Going forward, researchers will no longer be solely reliant on commercial databases, and this access to more comprehensive information furthers IPC’s mission to promote a deeper understanding of the role private capital plays in the global economy.
The hedge fund industry’s historic opacity has led to misunderstanding and misrepresentation in the public sphere. A recent working paper, titled “The Hedge Fund Industry is Bigger (and has
