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K2 Advisors, the hedge fund investing unit of Franklin Templeton, says active-management alpha will be critical to hedge funds’ success this year, as the global economy mounts a tentative recovery from the coronavirus pandemic.
Brooks Ritchey and Robert Christian, co-heads of investment research and management at K2, said the Covid-driven economic slowdown appears to be nearing an end, as individuals and corporations have been able to weather the economic storm partly due to “enormous stimulus” from governments.
But they warned that vaccination challenges, virus mutations, subsequent waves of new infections, and renewed lockdowns could derail the recovery.
That, in turn,
Switzerland-headquartered global asset manager GAM, which is home to Cambridge-based quantitative hedge fund unit GAM Systematic, is set to post a CHF380 million (USD426.4 million) loss in its full-year 2020 results published next month.
The loss stems mainly from a CHF377.7 million impairment charge announced in its first half results published last August, which relates to legacy goodwill resulting from the acquisition of GAM by Julius Baer in 2005 and UBS in 1999.
GAM will also report an underlying loss before tax of around CHF15 million (USD16.8 million), compared to a CHF10.5 million (USD11.7 million) underlying profit for the full
A survey by Market Intelligence specialists, Acuiti, commissioned by Avelacom, a global connectivity and IT infrastructure provider for the financial services industry, has found that in their efforts to stabilise trading revenues, proprietary trading firms are overwhelmingly interested in trading new emerging markets.
Read the full story at Institutional Asset Manager…
Apex Group (Apex) has launched Invest Check, a tool to help financial market participants collect the necessary data to report on and comply with the upcoming EU Sustainable Finance Disclosure Regulation (EU SFDR).
Read the full story at Institutional Asset Manager…
AI-driven investment manager Quantumrock’s flagship strategy, the Volatility Special Opportunities Program (VSOP), closed 2020 up 30.93 per cent, its best year of performance since 2016.
After November’s momentum change, stocks continued their rally in December due to the Covid-19 vaccine releases and reliefs, and the US Congress making progress on the new fiscal stimulus bill. The S&P 500 closed the month of December up 3.2 per cent, while Treasuries remained flat.
In 2020, both the alpha generating overlay as well as the beta portfolio of VSOP performed exceptionally well. The overlay contributed +23.62 per cent and the beta portfolio
Utopia Genesis Foundation, an organisation formed to support the development of an open platform for the music industry, will be moving from Ethereum to a Polkadot parathread this year, providing interoperability, consensus, scalability and security to Utopia users.
This expansion will allow Utopia Genesis, which is currently running on a PoA blockchain with Ethereum interoperability, to offer its ecosystem applications with the full economic security of Polkadot’s validator set.
The Utopia Genesis Foundation is creating a blockchain-based solution tailored to the music industry that will enable artists, producers, record labels and all stakeholders to operate by providing specific data intended
Fireblocks has integrated with Blockdaemon and Staked to add new staking services for over 165 enterprise and institutional customers.
The new Fireblocks PoS capabilities will debut with initial support for Polkadot (DOT), Tezos (XTZ) and Eth 2.0.
“Fireblocks already simplifies securing and trading cryptocurrencies, like Bitcoin and Polkadot. With the roll-out of DOT staking, Fireblocks is quickly becoming an all-in-one solution for crypto power users,” says Jack Platts, Co-Founder of Hypersphere Ventures.
Traditionally, setting up staking was complicated and required 2-3 full time employees to integrate and manage nodes, or turning to a cold storage custodian, which fragments infrastructure, distributes
Moonstake is now supporting staking of QURAS’s cryptocurrency XQC in its Web and Mobile Wallets following the announcement of a strategic partnership between the two firms in April of last year.Read the full story at Institutional Asset Manager…
Quantile Technologies (Quantile), a provider of portfolio optimisation services for hedge funds and other financial institutional engaged in OTC derivative transactions, has secured a USD51 million (GBP38 million) minority investment from Spectrum EquityRead the full story at Private Equity Wire…
Morgan Stanley alums Justin Bernier and Patrick Kennedy have launched All Source Investment Management, a partnership aimed at providing the growing accredited investor market with access to alternative investment opportunities including hedge fund and private equity investments.Read the full story at Wealth Adviser…
