Latest News
Deuterium Capital Management, a US based asset manager with circa USD1 billion AUM, has acquired Jupiter Asset Management’s Global Dynamic Allocation team for an undisclosed sum.
The acquisition includes the entire Global Dynamic Allocation team, along with the associated intellectual property, including software and analytics. Deuterium will launch a new fund in January 2021, which will be aligned with the existing investment strategy.
Lead fund manager and head of global asset allocation, John Ricciardi, and portfolio manager, Dan Matthews, will join Deuterium and have more than four decades experience delivering outperformance in dynamic allocation investing. They will be joined by
Bitfinex Derivatives, a derivatives platform accessible through the Bitfinex digital token trading platform has launched of a perpetual contract for Ethereum/bitcoin.
Each contract offers users up to 100x leverage and will be settled in bitcoin (BTC).
“We’re delighted to be the first leading exchange to offer an Ethereum/bitcoin perpetual contract,” say Paolo Ardoino, CTO at Bitfinex Derivatives. “We anticipate great interest, particularly among funds and professional investors for hedging purposes and to manage currency risk.”
Bitfinex Derivatives platform and products are only available in eligible jurisdictions, and are exclusive to verified users.
Privium Fund Management BV is to launch the SAVIN Multi-Strategy Arbitrage Fund (SAVIN), which will focus on equity arbitrage strategies and volatility trading, in February 2021 having already received commitments in excess of EUR20 million (USD24 million).
The Fund’s objective is to achieve an average annual return of 8 per cent, net of fees, with a low volatility and low correlation to equity markets. To achieve this, the strategy of the Fund is to employ complementary arbitrage strategies, striving for positive returns regardless of market conditions or general market direction.
The SAVIN portfolio management team will be formed by
IS Prime, part of ISAM Capital Markets, has partnered with FDCTech to extend its liquidity distribution to the innovative Condor FX Pro trading platform.
Read the full story at Institutional Asset Manager…
In this podcast produced by Hedgeweek, in association with SEI, we examine how asset managers need to carefully engineer the way they optimise alternative data, in order to generate incremental insights to support their investment programmes.
The hedge fund industry returned to positive monthly inflows in October, bringing in USD5.2 billion in new assets for the month, having seen USD2.8 billion in redemptions in September.
The European Energy Exchange (EEX) has published the 2021 calendar for the auctioning of EU Emission Allowances (EUA) and EU Aviation Allowances (EUAA) in coordination with the European Commission, the EU Member States and the EEA EFTA states auctioning on the common auction platform (CAP3) as well as with the competent German and Polish authorities.
Furthermore, the EEX contract on the auctioning of emission allowances on behalf of the Polish government has been extended on 10th December 2020 for up to five years.
The 2021 emission auctions will start with the German EUA auction on 29 January 2021.
EEX will hold
Moneybrain, one of only four FCA authorised firms in the UK trading cryptocurrency, has welcomed the news that the FCA will still enforce its January 2021 deadline on hundreds of firms and sole traders that make the industry a ‘wild west’.
Read the full story at Institutional Asset Manager…
Huobi Futures has announced the APP launch of cross margining of USDT-margined swaps on its digital asset derivative trading platform.
With the new feature, any profitable positions in this mode can offset positions that are close to be liquidated. By allowing users to tailor their portfolios to the strategies they are partial to, Huobi is providing traders with greater convenience and helping them avoid unnecessary liquidation when their overall portfolio is otherwise sound.
“With cross margining, we’re aiming to give our users more control over the way they trade digital assets and manage their portfolios—a key objective at Huobi,” says
QuantConnect, an open-source algorithmic trading platform, has launched a cloud-based parameter optimisation service to help quants detect overfit parameters.
Available for all asset classes, this service enables QuantConnect’s users to select robust parameters, making strategies less sensitive to out-of-sample market changes and potentially avoiding costly mistakes.
Quantitative trading strategies are controlled by a set of parameters, which are often decided by quants making an educated guess. As the selection of these parameters dramatically influences the results of backtests, many quants are prone to overfitting: choosing the parameters that fit the detail and noise of backtesting data, to the extent that
