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Stockholm-based multi-strategy hedge fund firm Brummer & Partners’ flagship vehicle gathered further pace towards the end of the year, as strong performances in its stock-picking and trend-following funds during December powered the long-running manager into double-digit territory for the year.
Cboe Global Markets has completed its acquisition of BIDS Trading, a registered broker-dealer and the operator of the BIDS Alternative Trading System (ATS), the largest block-trading ATS by volume in the US.Through ownership of BIDS Trading, Cboe gains a competitive foothold in the off-exchange segment of the US equities market, which now accounts for more than 40 per cent of overall US equities trading volume. The acquisition of BIDS Trading also provides Cboe with the opportunity to expand its global footprint and diversify its product and service offerings in markets beyond U.S. equities and options.
The acquisition follows Cboe and
ACE IT Solutions, a provider of customised technology integration, support, maintenance and cyber solutions, has appointed Don Previti as Global Director, Business Development. In this new position, Previti will lead the next chapter of growth, innovation and success for ACE IT Solutions, as he focuses on accelerating business development, new client acquisition and strategic partnerships.
Previti is a highly accomplished leader with over 25 years’ experience in the financial industry with a specialty in fin-tech software and cyber integration for alternative asset firms. Don has a proven track record building and maintaining strong relationships with hedge funds executives, prime brokers, key
Bitwise Asset Management, a provider of crypto index funds, recently surpassed USD500 million in assets under management (AUM), after reporting USD100 million in AUM on 28 October, 2020.The Bitwise 10 Crypto Index Fund (BITW), which seeks to track an index of the 10 largest cryptoassets – including bitcoin, ether, and litecoin – has seen the strongest demand, recently crossing over USD400 million in AUM.
The Bitwise Bitcoin Fund and Bitwise Ethereum Fund – which provide low-cost, professionally managed exposure to bitcoin and ether, respectively – have seen increased demand as well.
“The speed at which professional investors are moving into
Alternative investment firm SkyBridge Capital has launched of the SkyBridge Bitcoin Fund LP, which provides mass-affluent investors with an institutional-grade vehicle to gain exposure to Bitcoin. Additionally, on behalf of its flagship funds, SkyBridge initiated a position, valued at approximately USD310 million in funds investing in bitcoin during November and December 2020.
To launch SkyBridge Bitcoin Fund LP, SkyBridge and its affiliates have invested USD25.3 million. Fidelity will serve as custodian, and Ernst & Young will audit the fund.
“We believe Bitcoin is in its early innings as an exciting new asset class,” says SkyBridge founder and managing partner Anthony Scaramucci.
Average daily volumes (ADV) across Integral’s foreign exchange platforms totalled USD48.5 billion in December 2020. Read the full story at Institutional Asset Manager…
Equiom has launched Equiom Fund Solutions (Ireland) Limited, a ‘Super ManCo’ for fund managers. Equiom’s management company offers both AIFM and UCITS solutions for regulated funds looking to raise capital from investors in the EU and is one of the first to be authorised under the CBI’s revised CP86 requirements.
The team is led by Kevin Bardon who joins from Deutsche Bank where he led its Irish Super ManCo platform since 2017. Bardon has more than 30 years’ experience in the funds industry and has held senior positions at CITCO and State Street. Having worked across the UK, US, Germany and
Paris-based systematic CTA specialist Metori Capital’s Lyxor Epsilon Global Trend Fund is building long positions across US and UK fixed income, US and Japanese equities, and in the euro at the start of 2021, having generated a strong annual double-digit gain last year amid extreme market conditions and record volatility.
The long-running managed futures strategy – which invests across equity indices, short-term rates, government bonds and currencies in both developed and emerging markets, using a hybrid investment style combining global macro and quant trend following – advanced 10.8 per cent annually in 2020, with 7.1 per cent volatility.
The fund’s assets
London-head-quartered asset management consultancy, MJ Hudson, has acquired fund and portfolio performance specialist PERACS. Read the full story at Institutional Asset Manager
Top hedge fund industry trends for 2021
Top hedge fund industry trends for 2021