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A new hedge fund launched last month by Union Bancaire Privée which trades on good and bad governance within Japanese companies has started positively – and portfolio manager Zuhair Khan (pictured) says the country’s patchy record on board oversight will continue to offer strong investment opportunities.
Hedge funds seeking to take advantage of turbulence in the global aviation industry have lost almost EUR800 million in August, according to data from Ortex Analytics. Analysis of short positions against the world’s 10 largest airlines throughout 2020 shows hedge funds lost EUR791.6 million in August. The losses reduced total returns YTD from the group by over a third, however hedge funds remain EUR1.4 billion in profit. A large proportion of this (EUR1.2 billion) came from short positions in March as international travel restrictions came into effect as a result of the Covid-19 pandemic.
Peter Hillerberg, co-founder of Ortex Analytics, says:
QuantConnect, an algorithmic trading platform that connects hedge funds to its community of 110,000-plus DIY quant traders, has expanded access to its pioneering Alpha Streams market, a marketplace for alpha where funds can shop for and license algorithmic trading strategies.
By lowering the minimum AUM threshold for trading firms looking to license alpha from USD100 million to USD10 million, QuantConnect continues to facilitate the growth of emerging funds and managers.
This development comes after QuantConnect’s announcement of a broad restructuring of its offering in July. The new subscription framework, QuantConnect Organisations, allows individuals and trading firms to better deploy their
Binance, a global blockchain firm behind the world’s largest cryptocurrency exchange by trading volume, is partnering with Oasis Labs, a data privacy software company, to launch the CryptoSafe Alliance which will bring together a global ecosystem of collaborators to combat fraud.
Oasis Labs will serve as an inaugural member and primary infrastructure provider of the CryptoSafe Alliance.
Through the newly launched CryptoSafe Platform, a decentralised system powered by the Oasis Network and the Oasis Labs privacy SDK, Parcel, Alliance members will be able to share and access real-time intelligence and reports on hacks, scams and other malicious incidents privately and
Digital asset derivatives exchange Delta Exchange has launched calendar spread contracts on Bitcoin futures. In the coming weeks, Delta Exchange plans on adding calendar spread contracts on ethereum and other altcoin futures. Bitcoin spread contracts will margin and settle in USDT. Traders can deposit USDT to their accounts or convert BTC to USDT on Delta Exchange to trade these contracts. USDT quoting will allow traders to easily lock in the desired dollar spread, via limit orders, without worrying about the price of Bitcoin.
Calendar spread contracts were designed to allow for simultaneous trading in two futures contracts, on the same underlying
Emerging Markets and Asian hedge funds surged in Q2 2020, recovering from steep losses experienced in late 1Q, with many indices posting gains for YTD 2020 through July.
The US Securities and Exchange Commission (SEC) will meet at 9am on 2 September, 2020 to vote on proposed changes to the SEC’s highly successful Dodd-Frank Act whistleblower reward programme. If approved as originally written, the proposed changes will undermine vital whistleblower protections, and place investors at significant risk of being harmed by increased fraud, according to whistleblower rights law firm of Kohn, Kohn and Colapinto. The firm has taken a leadership role in trying to convince the SEC Commissioners to reject all of the anti-whistleblower proposals.
Since the rules were originally proposed in 2018, whistleblower attorneys from the firm met
The Hedge Fund Association (HFA), an international nonprofit trade and nonpartisan lobbying organisation, says it applauds the US Securities and Exchange Commission’s (SEC) amendments to the “accredited investor” definition. These changes are in line with the HFA’s prior recommendations to include verifiable knowledge-based standards to expand the universe of accredited investors and enable greater access to alternative investment funds based on financial sophistication.
“We applaud the SEC’s amendments to the accredited investor definition and we concur with SEC commissioner Hester M Peirce’s view that Series 7, 65, and 82 license holders and well-informed employees of private funds clearly have the knowledge
Digital asset exchange provider Binance has launched a new DeFi composite index line of perpetual contracts. Listed on Binance Futures, the contracts are denominated in USDT and with leverage of up to 50x. This is Binance’s first such composite index derivatives product, allowing users to more easily track the fast-growing DeFi market.
The USDT-margined DeFi index represents a composite of decentralised finance protocol tokens listed on Binance, and is calculated using weighted averages of real time prices of the tokens on Binance.
“Binance Futures has been at the forefront of developing new products for users, and we now offer nearly 50
Singapore Exchange (SGX) and Cassini Sytems are teaming up to provide SGX market participants to meet Uncleared Margin Rules (UMR) requirements. Read the full story at Institutional Asset Manager…
