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While the relationship between systematic hedge funds and alternative data sources is not new, quants have recently raised concerns that alt data is not giving the same alpha as it used to.
The recent stock market “exuberance” sparked off by breakthroughs in Covid-19 vaccine trials may give way to disappointment next year, says Argonaut Capital CEO and CIO Barry Norris, who continues to build short positions in a number of drug companies, including AstraZeneca, amid continued uncertainty over efficacy and dosage in its trial process.
Apex Group (Apex) has launched CFO & COO Solutions via subsidiary Throgmorton. This product development follows the recent launch of Throgmorton Compliance Solutions, which delivers tailored services including license applications, regulatory audits, compliance monitoring and technology-enabled management services.
Throgmorton appreciates that fast growing businesses and new launches alike often reach a stage in their development where they need dedicated financial and operational resource. Throgmorton’s CFO & COO Solutions will provide a comprehensive offering to help outsource these functions and alleviate the associated cost pressures on asset managers.
The CFO & COO Solutions team works in partnership with asset managers to
CLS, a market infrastructure delivering settlement, processing and data solutions, and Finastra, one of the world’s largest fintechs, have agreed to enter into a collaboration to provide Finastra customers with access to CLSNet, CLS’s bilateral payment netting calculation service.
Read the full story at Institutional Asset Manager…
Quincy Data and McKay Brothers have connected the largest US futures exchanges at the lowest latency. The new services link the two largest US futures exchanges, which are based in Aurora and Chicago Illinois.
Quincy Data’s Illinois Metro service currently offers market data in the native exchange format sourced in Aurora and distributed in Chicago. The Quincy Raw Data (QRD) service distributes the raw exchange futures feed for crude, natural gas and the S&P 500 futures. In addition, McKay Brothers offers its bi-directional Prime Bandwidth Service in one hundred megabit per second increments.
“The market between the largest energy
IS Prime has reported strong growth for the sixth consecutive year, with a 30 per cent increase in turnover y/e 31 March 2020.
Reported figures from the London-headquartered FCA regulated Prime of Prime broker show a rise from GBP27.6 million y/e 2019 to GBP36 million y/e 2020.
IS Prime’s operating profit almost tripled from GBP5.9 million to GBP17.6 million, which is largely attributed to client growth combined with increased efficiencies from its highly scalable proprietary systems. Net assets for y/e 20 remained at GBP10.7 million.
IS Prime, founded in 2014, is part of the ISAM Capital Markets Group,
Union Bancaire Privée (UBP) has signed an exclusive partnership with fintech-driven alternative credit investment manager Fasanara Capital (Fasanara) to launched the Trade and Receivable Finance Fund, a real-economy impact investment solution.
The fund aims to deliver absolute returns with very low volatility and correlation to markets in an open-ended, income-distributing alternative fund format. It seeks to achieve its objective by investing primarily in short-term, investment-grade, corporate trade receivables and digital invoices bought from SMEs from around the globe with a core emphasis on Europe.
Fasanara is a London-based institutional asset manager, a leading player in the European market of fintech-originated
ADM Capital, a Hong Kong headquartered investment manager with specialist experience in Asia Pacific credit and sustainable investment, has received a USD100 million seed commitment from the Asian Infrastructure Investment Bank (AIIB) to launch a new USD-denominated Asia-focused debt fund dedicated to renewable energy called the “ADM Capital Elkhorn Emerging Asia Renewable Energy Fund”.
RWC Partners has launched the TM RWC Global Equity Income Fund, within a UK OEIC structure, and will shortly launch the RWC Global Equity Income Fund for SICAV investors, with both to be managed by Nick Clay and his team.
Gary Tuffield, Head of European Distribution at RWC, says: “Nick, Andrew, Colin and Robert have created a market leading proposition, which has been endorsed by their clients over many years, and one that we believe is highly relevant for investors today.
The coronavirus has been very damaging to the corporate sector, with many companies cutting or withholding dividend payments
Since launching in early 2018, Pembroke Emerging Markets – a London-based global long/short equity hedge fund led by former Goldman Sachs trader Sanjiv Bhatia – has capitalised on demographic shifts in emerging economies with a fundamental, bottom-up stock-picking style which uses convexity plays to boost alpha generation.
