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The rate of new hedge fund launches grew between April and June following the coronavirus-fuelled first quarter slump, as hedge fund performance recovered – but the number of new roll-outs over the past 12 months remains “historically low”, Hedge Fund Research says.
New hedge fund launches totalled an estimated 129 in the second quarter. That number was a sharp increase on Q1 which proved the highest quarterly launch total since 153 funds were rolled out in Q2 2019, according to HFR’s latest Market Microstructure Report.
But the number of estimated fund launches during the preceding four quarters reached just 404
The CFTC has ordered JPMorgan to pay a record USD920.2 million, the largest amount of monetary relief ever imposed by the CFTC, to settle charges of manipulative and deceptive conduct and spoofing.Read the full story at Institutional Asset Manager…
AKJ Crypto (AKJC), a provider of trading and infrastructure solutions for fund managers trading in digital assets, has made its first “Shareout” distribution to investors in AKJ Token.AKJ Token is one of the few tokens within the crypto universe that already generates sufficient production to pay a Shareout, or ecosystem distribution, and generate yield for token investors. As described in the AKJC whitepaper, token investors in the AKJ Crypto ecosystem may receive up to 25 per cent of net revenues generated across several lines of business, including fund infrastructure, trading, and capital allocation. Capital allocation occurs through the AKJ Digital
Backstop Solutions Group has launched Capital-Raising Dashboards, the newest add-on module within its suite of products for alternative asset managers.Backstop says its new offering introduces an ‘unprecedented level of self-service dashboard configuration capabilities’, bucking the industry norm of requiring users to submit a ticket for each instance of their pipeline views, which can take developers weeks, or months, to fulfil. In addition, capital raising teams will also now have immediate access to embedded analytics, with the ability to create new visualisations of data on the fly.
“At Cheyne, we have always invested in the highest-quality systems and technology to
The Managed Funds Association, the global alternative investment industry trade group, has elected and appointed eight new members to its board of directors.
The new members are Eric Epstein, president, managing member, Davidson Kempner Capital Management; Gil Raviv, global general counsel, Millennium Management; David Zirin, chief operating officer at Pentwater Capital Management; and Peter Cherecwich, executive vice president, Northern Trust – along with Natalie Horton, global head of capital markets financing and Americas head, global markets financing at UBS; Steve Meyer, executive vice president, head of global wealth management services at SEI; Cedric Pauwels, North American head of equities and
OptionsLive, a new OpenFin-powered trading platform for US listed options has launched providing high levels of ‘transparency, insight and execution quality’.
Read the full story at Institutional Asset Manager…
Man AHL, the pioneering quantitative investment unit of London-listed global hedge fund giant Man Group, has been given the green light for a qualified foreign institutional investor license in China.
The QFII license will give Man AHL’s investment strategies based outside of China greater access to the country’s domestic capital markets, complementing other existing access routes such as Stock Connect and China Interbank Bond Market access.
The approval – which is the latest development in Man’s long-running focus on China – will provide clients and strategies with “valuable additional diversification and alpha-generation opportunities,” said Man AHL co-CEO Antoine Forterre.
Man
Constellation Advisers, an outsourced and co-sourced service provider to the investment management industry, has opened its newest regional headquarters in Chicago, Illinois. This move reflects Constellation’s continued growth and the firm’s commitment to being present in local markets and close to its clients.
“We are delighted to announce the opening of our Chicago office. At Constellation, we have seen significant client growth in Chicago, the Midwest and across the Central Region over the past several years. Due to this increased demand, our decision to open an office here was a logical next step in our business strategy. We look forward to
Options, a provider of cloud-enabled managed services to the global capital markets, has expanded into the Long-Term Stock Exchange (LTSE), a recently launched stock exchange aimed at serving companies and investors with long term strategies, practices, plans and measures.The direct connectivity to the Long-Term Stock Exchange is an exciting addition to the recent growth in the firm’s colocation footprint and confirms Options’ position as a recognised partner.
Options facilitates trading at hundreds of venues worldwide with fully managed colocation services available alongside the firm’s application management solution, combining hosting with rapid time to market, TCO reduction, and best-in-class resiliency and
Emerging market debt-focused hedge funds are staying patient amid “weaker alpha environment” – here’s why…
Emerging market debt-focused hedge funds are staying patient amid “weaker alpha environment” – here’s why…