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Short selling is essential in enabling investors to hedge against ESG risks, and has bolstered market transparency by uncovering corporate wrongdoing and environmental negligence, according to a new study by the Alternative Investment Management Association and global law firm Simmons & Simmons.
The paper – ‘Short Selling and Responsible Investing’ – probed how the booming trend of ESG (environmental, social, and governance) investing interacts with short selling, the often-criticised practice that is central to most traditional hedge fund strategies.
The study found that responsible investing does not necessarily require long holding periods, and suggested shorting can be “an excellent tool”
Hedge fund redemptions continued to decline from their Covid-19 pandemic-fuelled peak of USD85.6 billion in March. Net redemptions in May were USD8.0 billion, 0.3 per cent of industry assets, according to the Barclay Fund Flow Indicator published by BarclayHedge, a division of Backstop Solutions.In spite of the redemptions, the hedge fund industry continued to grow. Assets under management rose to USD3.04 trillion, up from USD2.99 trillion a month earlier based on trading profits of USD49.9 billion in May.
Data from 7,000 funds (excluding CTAs) in the BarclayHedge database showed funds in the US and its offshore islands again shaping the
Blockchain platform Telos has integrated with EvolutionDex, a protocol that allows anyone to create and launch their own trading pairs on decentralised exchanges. Traders will also be able to realise additional gains through increased trading fees that are acquired through the liquidity of these token pools.
EvolutionDex is an open-source and free protocol created by the EOS Argentina team that allows any developer to integrate it into a front end, allowing for different decentralised exchanges to share the same liquidity. The private keys of smart contracts are held by the top 21 block producers of the Telos blockchain, allowing no third-party
For Dixon Boardman, the CEO and founder of Optima Asset Management and renowned fund-of-hedge funds pioneer, the dramatic turbulence that shocked markets earlier this year is unlike anything ever seen during his three decades-plus of investing.
Boardman – an industry trailblazer who launched Optima back in 1988 – believes the spiralling Q1 drop was more sudden and swift than even the epochal Wall Street Crash of 1929, while the sharp rebound that sent stocks soaring despite the ongoing coronavirus crisis was almost as remarkable.
“There’s never been anything like what happened in March,” says the industry veteran, reflecting on the 2020
The Depository Trust & Clearing Corporation’s (DTCC) Margin Transit Utility (MTU) community has grown to 50 firms representing thousands of Credit Support Annexes (CSAs), with users including leading dealer and buy-side organisations around the world.Given today’s volatile markets and the increase in margin call demands, coupled with the final phases of uncleared margin rules (UMR) rules for over-the counter (OTC) derivatives, an increasing number of firms are actively looking to replace manual margin call processes with automation. By automating the margin call process, MTU enables firms to efficiently validate, enrich, settle, report and monitor matched collateral calls globally while connecting
LiquidityBook, a Software-as-a-Service (SaaS)-based provider of buy- and sell-side trading solutions, has appointed Cash Lafferty as Head of Business Development – West Coast.Based in California, Lafferty will oversee all sales activities in major West Coast markets including San Francisco and Los Angeles. With 20 years of industry experience across a variety of sales, trading and technology roles, he will play an instrumental role in communicating the value of LiquidityBook’s industry-leading POEMS (portfolio, order and execution management system) platform to fund managers and financial institutions of every description.
After beginning his career as a trader, Lafferty decided he wanted to be
Asset managers and investment funds have largely remained “operationally resilient” during the coronavirus crisis, but depressed asset volumes along with closer scrutiny of leverage and short-selling remain key issues for the sector during the ongoing pandemic, according to a new KPMG study into regulatory scrutiny of the industry.
The tenth edition of KPMG’s Evolving Asset Management Regulation series – titled ‘Supporting Growth and Ensuring Care’ – took the temperature of the global fund management regulatory agenda.
It examined an assortment of regulatory issues looming large over the asset management sector – including the ways in which liquidity and leverage are measured and
EEX Group continued to achieve significant global growth during the first half of 2020 reporting double and triple digit increases across the majority of its markets. In addition to major increases in the global power segment, EEX Group achieved outstanding results in Dry Freight alongside healthy increases in natural gas and environmental products.
Peter Reitz, CEO of EEX, comments: “2020 has certainly been a year where the world has faced unprecedented challenges. As an exchange group, we have a responsibility to our customers to provide a safe, secure and stable environment in which to trade and clear. The strong performance
Qunathouse is partnering with EliData to integrate 145 exchange data feeds into EliData’s Smart Order Router (SOR) delivering arbitrage and execution capabilities.Read the full story at Institutional Asset Manager…
Enigma Securities, a crypto liquidity provider focused on electronic execution services, has partnered with algorithmic trading software company AlgoTrader. Enigma will also be joining AlgoTrader’s recently launched WIRESWARM platform, an advanced order and execution management platform allowing financial institutions to trade at multiple regulated crypto liquidity venues.
Despite recent advances, the cryptocurrency industry still lacks a robust institutional trading infrastructure and the market remains highly fragmented. Interested investors are required to fund several different accounts at multiple platforms and exchanges, which inevitably leads to poor price discovery and trading execution, as well as a loss of time and capital. Through the
