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Bittrex Global (Bermuda) Ltd (Bittrex Global) is to list tokenised stocks on its digital asset exchange in cooperation with DigitalAssets.AG. This product will allow traders and investors direct access to listed companies without having to use an external broker or pay additional fees. Shares can be purchased using either US dollars (USD), Tether (USDT) or Bitcoin (BTC), twenty-four hours a day, seven days a week.
The tokenised stocks available through Bittrex Global will allow customers to purchase a fraction of a stock without needing to purchase entire shares, where the underlying risk of the tokens is derived from the tokenised company.
Specialist fund management technology provider Truss Edge has updated its suite of fund manager tools to provide an even more efficient and robust set of processes. The new improvements are being applied to both the front office and the back office systems delivered by Truss Edge to fund management clients.
While Truss Edge clients already have the option to use its order management system to enter cash orders without the instruments being set up in the system’s security master, they can now also do this for swap orders. This means the swap order can now be booked without the swap instrument
Outsourced trading solutions firm Tourmaline Partners, has made two senior hires to meet growing demand for its outsourced and supplemental trading services – Keir Collins, based in Dallas, and Yuki Shimada, based in Sydney.Tourmaline has also announced the opening of a new office in Dallas which will be led by Collins. The firm has seen a continued rise in demand for outsourced and supplemental trading solutions, both in the US and globally, that has been reinforced by recent surges in volumes and volatility as well as the novelty of work-from-home scenarios for the buy side.
Collins joins Tourmaline after spending
The world has witnessed an unprecedented explosion of data over the last few years. Most of us will be familiar with the term Terabyte, which represents 1012 or 1 trillion bytes of data. But such is the data-drenched world in which we live today that Caltech estimates 463 Exabytes of data will be created, every day, by 2025. One Exabyte is 1018, equivalent to one quintillion bytes!
Optima Asset Management: Best Multi-Manager Hedge Fund (Equity Strategies) – Dixon Boardman founded New York-based Optima Fund Management* in 1988. Since inception, Optima has been at the vanguard of hedge fund investing, navigating across diverse market environments while providing its clients access to differentiated opportunities. In Optima’s June edition of its investor newsletter, Boardman pointed out that the whipsaw action of the markets in 2020 has been a challenge not just for hedge funds but for all asset managers.
“In my role, it’s critical to be highly selective about managers and to have a very real understanding of their ability to
Massar Capital Management: Best Macro Hedge Fund – New York-based Massar Capital Management, LP was founded by Marwan Younes in 2015. Prior to founding the firm, Younes served as a portfolio manager at both Jamison Capital Partners and Graham Capital Management, where he traded discretionary macro and commodity strategies. The Massar Macro Commodity Strategy (“Massar”) was launched on 1st February 2015 and currently manages USD 433 million as of November 2020.
Massar blends a discretionary global macro approach with advanced data analytics to generate risk-adjusted returns uncorrelated to major market indices and other hedge fund strategies. This is evident over longer
Aequim Alternative Investments: Best Credit Long/Short Hedge Fund – Aequim is a relative value credit manager focused on capital structure arbitrage established by Portfolio Manager and CIO Franklin Parlamis in 2018. The Aequim Arbitrage Master Fund is essentially a continuation of the Pine River Convertibles Fund Parlamis managed during his tenure at Pine River from August 2009 to January 2017.
The Fund’s objective is to generate market-neutral returns by dynamically allocating capital across Convertible Arbitrage, Credit Arbitrage and Volatility Arbitrage. Since its inception in May 2018, the Fund has generated a Sharpe Ratio of 2.2 and an annualised volatility of 4.4
Torgos Credit Opportunities: Best Distressed Debt Hedge Fund – Torgos Credit Opportunities is a multi-pronged credit strategy seeking to invest across debt capital structures of corporate issuers primarily in North America and Europe.
The strategy allocates capital on a bottom-up basis, seeking out deep value opportunities in three key areas: 1) hard and soft catalyst performing and non-performing corporate events; 2) senior secured loans with strong collateral coverage and credit fundamentals and 3) credit volatility, to protect against downside movement.
Raj Davé is the portfolio manager of Torgos Credit Opportunities and when asked to explain the investment philosophy he comments:
“We
Elementum Advisors: Best Insurance-Linked Securities Hedge Fund – Elementum Advisors, LLC is an independent investment manager specialising in collateralised natural event reinsurance investments. Headquartered in Chicago, Elementum was launched in December 2009 by Founding Partners and Senior Portfolio Managers, John DeCaro and Tony Rettino, and Managing Partner and Chief Financial Officer, Michael France. Elementum’s firm-wide AUM is USD4.2 billion (as of 30 June 2020).
This year marks Elementum’s second decade of investing in Insurance Linked Securities (ILS). Referring to the internal culture that has been fostered since inception, DeCaro says the collective goal is to fulfil its vision of becoming the
Crestline Summit: Best Equity Market-Neutral & Quant Hedge Fund – Crestline Summit Equity Alpha was named Best Market Neutral Hedge Fund at the Hedgeweek US Awards 2020. Winners were recognised at a virtual ceremony on 29 October.
