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More than USD1.6 billion of private client funding has been raised by HSBC Private Banking for so far in 2020 for hedge funds, private equity, private credit and a private REIT strategy.
Read the full story at Wealth Adviser…
Pico, a provider of technology services for the financial markets community, is to offer the Consolidated Tape System (CTS), the Consolidated Quotation System (CQS) and the Options Price Reporting Authority (OPRA) feeds from NMS-dedicated connectivity via a new separate, low-latency NMS network located in the Mahwah, New Jersey data centre.
Changes mandated by the Consolidated Tape Association (CTA) and OPRA, will enable access to the NMS feeds in the Mahwah data centre without using Secure Financial Transaction Infrastructure. Consequently, through leveraging the NMS network, the latency of NMS feeds could be reduced from 144 microseconds to 5 microseconds. This marks
Investors continued to add more money to hedge funds last month – after pouring more than USD9 billion into the industry in July – as the sector recovers from a bruising four-month run of withdrawals and allocators drift back to the sector, new industry data shows.
Altogether, hedge funds attracted some USD7.36 billion of positive inflows in August, according to eVestment, whose latest flows report highlighted an “impressive” breadth of allocations despite a reduced volume of asset movement compared to recent months.
But it also warned of a “rocky” outlook, with investor sentiment hinging on how successfully hedge fund strategies of all
Forex electronic trading platform and technology services provider EBS has connected its EBS Institutional (EBSI) execution management system to thinkFolio, a multi-asset investment management platform from IHS Markit.
As a result of this new service to be in place by Q4 2020, thinkFolio clients will be able to access EBSI’s unique execution functionality to reduce their trading costs. Additionally, mutual clients of IHS Markit and EBSI will benefit from thinkFolio’s extensive cash and currency management capabilities, sophisticated analytics and enhanced liquidity. The integration of workflows across the two systems will enable portfolio managers and traders to aggregate or split FX
Compliance and registration solutions provider RIA in a Box has launched a new platform to address the unique regulatory requirements faced by private fund advisers including venture capital, private equity, and hedge fund managers.
Read the full story at Private Equity Wire…
Digital asset trading platform Bitfinex has launched Bitfinex Terminal, a real-time market data feed to power algorithmic trading, available via Dazaar.
Bitfinex Terminal allows users to backtest trading ideas and execute trading strategies. Users can also sync and share trading data and trading signals, utilising Dazaar’s peer-to-peer (P2P) network. These streaming data feeds can be cryptographically verified.
“Bitfinex Terminal has been developed to empower algorithmic traders,” says Paolo Ardoino, CTO at Bitfinex. “The delivery of this service over Dazaar’s peer-to-peer model enhances levels of scalability for a service that is free and open to all.”
“The provision of real-time market
Pierre-Henri Flamand, Man GLG’s CIO emeritus and hedge fund industry veteran, says the huge economic stimulus from governments to combat the coronavirus crisis is fuelling the threat of inflation, and is warning investors to “be vigilant rather than to relax”.
The unprecedented cash injections from central banks and governments this year to support economies suggest a “clear threat that we may be entering an inflationary decade”, said Flamand, a former star manager at Goldman Sachs and now senior investment adviser at UK hedge fund giant Man.
He believes the inflation threat far outweighs the challenges posed by the upcoming US
The team behind the Lyxor Chenavari UCITS fund is repositioning the strategy for upcoming alpha-generating opportunities arising from the “choppy waters” of the forthcoming US election and Brexit.
BitBay.net, an Estonia licensed crypto-to-fiat exchange, has now listed tether (USDt) on its platform.
BitBay.net is one of the most established crypto-fiat exchanges in Europe while USDt recently surpassed a market capitalisation of USD15 billion, thereby cementing its position as the most liquid, stable and trusted stablecoin.
“We are gratified that tether is now listed on BitBay, an established and trusted exchange in the European digital asset ecosystem,” says Paolo Ardoino, CTO at Tether. “We anticipate a ready demand among the platform’s user base. The market has once again spoken. People like using crypto’s preeminent stablecoin.”
“Tether is undoubtedly the
AIMA and ACC welcome EC’s CMU plan
AIMA and ACC welcome EC’s CMU plan