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Hedge funds experienced a second straight month of inflows in July, bringing in USD10.5 billion as the industry continued to shake off spring’s pandemic-driven redemption trend.
July’s new assets built on June’s USD15.1 billion in inflows.
July’s inflows represented 0.3 per cent of industry assets, according to the Barclay Fund Flow Indicator published by BarclayHedge, a division of Backstop Solutions.
With a USD32.1 billion trading profit in July, total hedge funds industry assets stood at nearly USD3.26 trillion as July ended, up from USD3.11 trillion a month earlier.
Data from 6,900 funds (excluding CTAs) in the BarclayHedge database showed Balanced
With the ripple effect of Covid-19 still being felt in the global economy, investment opportunities in high yield credit, and in particular distressed credit, have been numerous as investors seek out higher yield, at a commensurate higher risk.
Sector- and credit-specific bond selection will become increasingly important for investors amid a surging wave of new issuance, as companies look to raise more money to combat the coronavirus fall-out, according to managers at London-listed global hedge fund giant Man Group, who suggested government bonds could prove “an attractive alternative.”
Corporate bond issuance has far outweighed the traditional muted summer volumes lately, with US gross investment grade corporate bond issuance reaching USD440 billion between June and August – some 80 per cent higher than the USD240 billion 10-year average.
In a commentary on Tuesday morning (22 Sep), Man GLG –
Deutsche Börse, Citi and Deutsche Bank have led a USD15 million fundraising round in CloudMargin, provider of a collateral and margin management solution native to the cloud.Read the full story at Institutional Asset Manager…
Fintech Canoe Intelligence, a specialist in data management processes for alternative investors and allocators, has appointed Jason Eiswerth as its new CEO.
causaLens, a deep-tech company predicting and optimising the global economy, has released the World’s first causal Artificial Intelligence (causal AI) enterprise platform. causaLens says its platform defines a new category of machine intelligence and that its next generation AI engine harnesses an understanding of cause and effect relationships to directly optimise business KPIs.
“Businesses investing in the current form of machine learning (ML), eg AutoML, have just been paying to automate a process that fits curves to data without an understanding of the real world. They are effectively driving forward by looking in the rear-view mirror,” says causaLens CEO Darko Matovski.
Centaur Fund Services has appointed Louise Lawlor as Group Chief Financial Officer. Based in Centaur’s Dublin headquarters, Lawlor will lead Centaur’s global financial operations, finance teams and activities.Prior to joining Centaur, Lawlor worked at Key Capital, one of Ireland’s leading wealth, investment and corporate advisory firms, where she advised financial services businesses on mergers and acquisitions, capital raisings and other strategic initiatives. Lawlor trained as an accountant in PwC’s asset management practice where she worked with a diverse range of private equity, hedge fund and mutual fund clients across the Dublin and New York offices. Louise also spent two years
The SS&C GlobeOp Forward Redemption Indicator for September 2020 measured 3.43 per cent, up from 3.08 per cent in August.“SS&C GlobeOp’s Forward Redemption Indicator of 3.43 per cent for September 2020 compares favourably with the 3.67 per cent reported a year ago and September’s long-term averages,” says Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies. “This decrease in redemption notices is consistent with the recent strong trend in hedge fund asset retention, indicating investor confidence remains high.”
The SS&C GlobeOp Forward Redemption Indicator represents the sum of forward redemption notices received from investors in hedge funds administered by SS&C
Financial markets data science firm, FairXchange has launched ‘game changing’ functionality within its Horizon product with a new Pricing Stack Analysis feature which enables financial institutions worldwide to make more informed, data driven decisions about how they interact with existing and prospective Liquidity Providers.By providing a complete view of a financial institution’s pricing stack, FairXchange’s Pricing Stack Analysis provides unparalleled insight into the dynamics of their liquidity and enables banks, brokers and hedge funds to understand the financial impact of their Liquidity Provider selection compared to other choices they could make.
Pricing Stack Analysis uses FairXchange’s sophisticated proprietary technology
Tellworth Investments has launched the The Tellworth British Recovery & Growth Trust, which commenced its initial public offering on 16 September 2020. Read the full story at Wealth Adviser…
