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The gross return of the SS&C GlobeOp Hedge Fund Performance Index for August 2020 measured 1.74 per cent.Hedge fund flows as measured by the SS&C GlobeOp Capital Movement Index advanced 0.34 per cent in September.
“SS&C GlobeOp’s Capital Movement Index for September 2020 of 0.34 per cent indicates positive net flows for the month and represents an increase from net inflows of 0.25 per cent for the same period a year ago,” says Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies. “Moreover, September 2020 is the fourth consecutive month of favorable year-over-year comparisons in capital flows; we believe confidence
Outsourced trading demand is increasing as investment firms look to reduce costs, satisfy regulatory demands and expand into different markets. For those offering this service, it is an opportunity to gain extra revenue leveraging their existing platforms.A new paper from Capco, ‘Outsourced Trading: Who, What & Why Now?’, examines why a growing number of firms are looking to use or provide outsourced trading as a service. Typically, smaller hedge funds and investment managers outsource trading to a brokerage firm, but there are indications many of the largest organisations may begin outsourcing some or all their trading within the next few
EQUITY X, an equity valuation software and alternative data provider, has joined BT Radianz Cloud. The move is part of EQUITY X’s ambition to deliver the best possible experience to users of its new peer search engine, powered by machine learning, and a new feature valuing public shares based on alternative data.
Its new peer search engine analyses target company similarity from a pool of approximately 44,000 public companies. It displays a list of comparable companies in ascending order, significantly reducing time and effort needed to objectively identify and select a peer group.
Automation of fundamental analysis, consistent
Crypto start-up Electroneum is keenly aware of the quickly developing domain of DeFi apps or decentralised financial applications, and, in particular, of decentralised exchanges, says Head of Blockchain Chris Harrison.“We are researching how to introduce atomic swaps with smart contracts, which will enable ETN to integrate into the DeFi space more seamlessly,” says Harrison. “We are exploring ways to employ custom blockchain oracles via smart contracts to enable swap of tokens on existing smart contract blockchain and on decentralised trading platforms.”
Harrison explains that “blockchain oracles are trusted servers configured to scrape and verify data from third-party sources to inform
A paper has been published by researchers at the University of St Gallen analysing an FX dataset from CLS, a financial market infrastructure delivering settlement, processing and data solutions, to identify information asymmetry in the FX market and estimate its impact on FX price movement.Angelo Ranaldo, Professor of Finance and Systemic Risk, and Fabricius Somogyi, a third-year PhD candidate, reported that they used CLS FX Spot Flow data to demonstrate that a trading strategy based on asymmetric information risk can potentially offer strong diversification for FX trading strategies. Compared to traditional trading strategies such as FX carry, value and momentum,
Rhenman & Partners Asset Management, a Stockholm-based global healthcare-focused hedge fund firm, saw its flagship strategy rise in August thanks to a tentative recovery in the med-tech sector and signs of more M&A activity within healthcare stocks.
The Rhenman Healthcare Equity Long/Short Fund – which trades a range of small, medium and large pharmaceuticals, biotechnology, medical technology and service company names – added 4 per cent in its euro-denominated class in August. Its SEK share class meanwhile returned 3.75 per cent for the month, with the fund now up 3.5 per cent year-to-date.
Henrik Rhenman, CIO and founding partner, and
Hedge funds betting against Tesla have suffered their worst monthly hit yet, with negative wagers bringing a hefty USD9.5 billion of losses to short sellers in August – but recent turbulence in Elon Musk’s mega-cap electric carmaker this week may yet offer future hope for bearish investors.
Tesla – often dubbed the ‘world’s most shorted stock’ – accounted for most of the USD11 billion worth of losses posted by short sellers as a result of wayward bets against Nasdaq 100 firms last month.
New data from Ortex Analytics shows the USD9.5 billion Tesla hit suffered by hedge fund short sellers
Fulcrum Asset Management (Fulcrum) has appointed Tetsuaki Take as Head of Fulcrum Japan, working closely with Fulcrum’s senior adviser in Japan, Akio Ohtsuka.Take will be responsible for enhancing Fulcrum’s presence in the Japanese market and building on the company’s strong relationship with Sumitomo Mitsui Trust Bank Ltd (SuMi), Japan’s largest trust bank, with whom Fulcrum recently partnered to launch the Real Assets Optimal Fund.
Prior to joining Fulcrum, Take was an investment director at SuMi TRUST. He has also worked as a product specialist for Allianz Global Investors and was a portfolio manager for UBS Global Asset Management. Tetsuaki has
Marathon Asset Management (Marathon), a global credit investment manager, has appointed Ana Jelenkovic as Director and Sovereign Strategist.
Flexible working, virtual fundraising and recreating that ‘water cooler’ environment
Flexible working, virtual fundraising and recreating that ‘water cooler’ environment