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Managed futures funds turned in another positive month in August returning 0.18 per cent, according to the Barclay CTA Index, compiled by BarclayHedge, a division of Backstop Solutions. Year-to-date, CTAs are up 2.73 per cent through August.
“The S&P 500 extended its on-going rally to five months, prices for energy and precious metals rose and the US dollar continued to weaken against most currencies,” says Sol Waksman, president of BarclayHedge. “Other futures markets were not as accommodating as evidenced by an even split on the month between winning and losing funds.”
Sectors making up the Barclay CTA Indices were also evenly
Outdated trading systems and clunky manual processes are hampering hedge funds’ efforts to swiftly execute trade orders to the market, resulting in an annual hit of some USD8 million – which could worsen in the event of renewed volatility later in the year.
New analysis by TradingScreen, a New York-based software-as-a-service trading technology provider, found that hedge funds face hold-ups when processing execution orders as a result of poor system integration and slow manual inputs needed to create, validate, execute and book trades.
By the time traders and portfolio managers have physically entered the information into their systems and sent
Replay this webinar to learn how clients are taking advantage of Singapore’s new Variable Capital Company (VCC) legislation and the incentives on offer for launching or redomiciling funds. The recorded panel conversation features domain experts who deliver best practices, insights, and perspectives.
Phoenix American, a transfer agent and fund administration provider for alternative investments, and Alternative Investment Exchange (AIX), a digital platform built to improve processes for investing in alternatives, have partnered to provide straight-through processing for alternative investments.Read the full story at Wealth Adviser…
GoldenSource has launched a new Quant Workbench tool that allows quant developers and research analysts to do their work on approved validated data sources. Read the full story at Institutional Asset Manager…
Murano, the ‘matchmaker’ for funds and institutional investors, has launched a new consulting division, Murano Consulting.Murano Consulting will provide expert industry consulting services to asset managers and investment firms. Focusing primarily on business development and investor marketing, Murano Consulting will produce competitor analysis, investment strategy audits and other bespoke management consultancy services to help clients reach their financial goals. The consultancy has already worked on a number of projects for clients including:
• Perception analysis of allocator attitudes towards and appetite for investing in private debt opportunities
• Investor messaging and IR best practice for a household name multi-asset manager
Ampleforth, the protocol behind the supply elastic digital currency, AMPL, has launched the world’s first rebasing Smart Pool in collaboration with programmable liquidity protocol and aggregator, Balancer. On Balancer, Smart Pools are controlled or private pools owned by a smart contract. These pools can be made of two to eight token constants, and customized with configurable weights that represent the desired ratio of each token in a pool.
Working closely with the Ampleforth team, Balancer will be debuting today the first USDC-AMPL Smart Pool, starting out with a 50/50 ratio. As the supply of AMPL expands or contracts every 24hrs,
Bloomberg and Goldman Sachs Asset Management (GSAM) have launched a comprehensive suite of 21 alternative risk premia benchmark indices. The Bloomberg GSAM Risk Premia Indices, available through the Bloomberg Terminal, represent fully transparent and replicable indices of widely accepted alternative risk premia styles for liquid, rules-based investment strategies.
These new indices combine Bloomberg’s years of experience in systematic strategies research with the field expertise and research insights from GSAM’s Quantitative Investment Strategies team, as well as valuable feedback from asset owners and consultants. The indices are replicable, transparent and represent investment styles for which there is practitioner consensus, supporting academic
As Wall Street experienced its best August since the 1980s, the hedge fund industry posted its fifth straight positive month returning 2.42 per cent in August, according to the Barclay Hedge Fund Index, compiled by BarclayHedge, a division of Backstop Solutions. By comparison, the S&P 500 Total Return Index was up 7.19 per cent in August.
For the year-to-date, the hedge fund industry added to its gains in August, returning 2.40 per cent for 2020. The S&P Total Return Index returned 9.74 per cent over the same period.
All but three hedge fund sectors tracked by the Barclay Hedge Fund Indices
BTON Financial has appointed fixed income and electronic trading expert, Andrew Bernard, as Non-Executive Director. Bernard joins BTON’s advisory board from Tradeweb, where he held a variety of senior positions over the past 17 years, including MD, Head of of Asia and as an MD in the London office. Prior to Tradeweb he served as Head of European Government Bond Sales and as Principal of the Global Leveraged Group for Bank of America, and Director of UK sales at Société Générale. Bernard will play a key role in shaping the direction of the company and delivering BTON Financial’s plans to bring
