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EQUITY X, an equity valuation software and alternative data provider, has joined BT Radianz Cloud. The move is part of EQUITY X’s ambition to deliver the best possible experience to users of its new peer search engine, powered by machine learning, and a new feature valuing public shares based on alternative data.
Its new peer search engine analyses target company similarity from a pool of approximately 44,000 public companies. It displays a list of comparable companies in ascending order, significantly reducing time and effort needed to objectively identify and select a peer group.
Automation of fundamental analysis, consistent
Crypto start-up Electroneum is keenly aware of the quickly developing domain of DeFi apps or decentralised financial applications, and, in particular, of decentralised exchanges, says Head of Blockchain Chris Harrison.“We are researching how to introduce atomic swaps with smart contracts, which will enable ETN to integrate into the DeFi space more seamlessly,” says Harrison. “We are exploring ways to employ custom blockchain oracles via smart contracts to enable swap of tokens on existing smart contract blockchain and on decentralised trading platforms.”
Harrison explains that “blockchain oracles are trusted servers configured to scrape and verify data from third-party sources to inform
A paper has been published by researchers at the University of St Gallen analysing an FX dataset from CLS, a financial market infrastructure delivering settlement, processing and data solutions, to identify information asymmetry in the FX market and estimate its impact on FX price movement.Angelo Ranaldo, Professor of Finance and Systemic Risk, and Fabricius Somogyi, a third-year PhD candidate, reported that they used CLS FX Spot Flow data to demonstrate that a trading strategy based on asymmetric information risk can potentially offer strong diversification for FX trading strategies. Compared to traditional trading strategies such as FX carry, value and momentum,
Rhenman & Partners Asset Management, a Stockholm-based global healthcare-focused hedge fund firm, saw its flagship strategy rise in August thanks to a tentative recovery in the med-tech sector and signs of more M&A activity within healthcare stocks.
The Rhenman Healthcare Equity Long/Short Fund – which trades a range of small, medium and large pharmaceuticals, biotechnology, medical technology and service company names – added 4 per cent in its euro-denominated class in August. Its SEK share class meanwhile returned 3.75 per cent for the month, with the fund now up 3.5 per cent year-to-date.
Henrik Rhenman, CIO and founding partner, and
Hedge funds betting against Tesla have suffered their worst monthly hit yet, with negative wagers bringing a hefty USD9.5 billion of losses to short sellers in August – but recent turbulence in Elon Musk’s mega-cap electric carmaker this week may yet offer future hope for bearish investors.
Tesla – often dubbed the ‘world’s most shorted stock’ – accounted for most of the USD11 billion worth of losses posted by short sellers as a result of wayward bets against Nasdaq 100 firms last month.
New data from Ortex Analytics shows the USD9.5 billion Tesla hit suffered by hedge fund short sellers
Fulcrum Asset Management (Fulcrum) has appointed Tetsuaki Take as Head of Fulcrum Japan, working closely with Fulcrum’s senior adviser in Japan, Akio Ohtsuka.Take will be responsible for enhancing Fulcrum’s presence in the Japanese market and building on the company’s strong relationship with Sumitomo Mitsui Trust Bank Ltd (SuMi), Japan’s largest trust bank, with whom Fulcrum recently partnered to launch the Real Assets Optimal Fund.
Prior to joining Fulcrum, Take was an investment director at SuMi TRUST. He has also worked as a product specialist for Allianz Global Investors and was a portfolio manager for UBS Global Asset Management. Tetsuaki has
Marathon Asset Management (Marathon), a global credit investment manager, has appointed Ana Jelenkovic as Director and Sovereign Strategist.
Electroneum has listed its token on Changelly, which provides millions of crypto investors with global access to more than 160 cryptocurrencies for seamless swapping and 48 fiat currencies with which people can purchase ETN.With millions of users, Changelly is one of the most popular non-custodial instant crypto exchanges, mainly because it enables crypto users to swap cryptocurrencies without opening accounts at exchanges. Instant crypto exchanges have also become significantly appealing for not holding users’ funds and arranging a functional yet instant platform for cryptocurrency trading.
“We are happy Electroneum has joined the Changelly family, offering our users the instrument to
Covid-19 has created a series of dynamic opportunities for hedge funds, presenting managers with the opportunity to diversify into new markets and new asset classes to seek out fresh sources of alpha.
Hedge fund managers need to be able to strike while the iron is hot and have the confidence to scale up their businesses and maintain an AUM growth trajectory by diversifying into new asset classes.
In order to diversify, and capitalise on dislocation opportunities in areas like distressed credit or convertible bonds, managers need to ask themselves, ‘Does our current operational infrastructure allow us to trade new assets,
Flexible working, virtual fundraising and recreating that ‘water cooler’ environment
Flexible working, virtual fundraising and recreating that ‘water cooler’ environment