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Continued central bank support amid the Covid-19 pandemic is creating “bubble-style valuations” in markets, according to Chenavari Investment Managers, a London-based credit-focused hedge fund.
By Patrick Ghali (pictured), managing partner, Sussex Partners – A lively debate is currently taking place amongst allocators as to whether onsite due diligence and face-to-face meetings are still necessary given the current environment. The simple answer must be a resounding: yes, absolutely.
The LoCorr Macro Strategies Fund (LFMAX, LFMCX, LFMIX), has surpassed the milestone of USD1 billion in net assets.
The LoCorr Macro Strategies Fund is not only the largest fund in the firm’s suite of low correlating solutions, but is the fastest growing fund with the highest net flows in its Morningstar Managed Futures category over the past 12-month period ending 5/31/2020.
Since inception in 2011, the Fund has delivered strong risk-adjusted returns and has outperformed both its benchmark and the Morningstar Managed Futures Category, as of 5/31/2020. Based on risk adjusted returns for the same period, the Fund (Class I)
OKEx, a bitcoin and ethereum futures exchange, has listed The Midas Touch Gold (TMTG), the ecosystem token of Digital Gold Exchange (DGE), with trading pairs against USDT and BTC.
TMTG spot trading will open from 07:00 UTC on 24 June, 2020. The deposit and withdrawal of TMTG will be available from 07:00 UTC 19 June, 2020 and 09:00 UTC 24 June, 2020 respectively.
TMTG was issued by DGE in 2018 as a bridge between traditional assets and cryptocurrency. In 2018, DGE signed an exclusive agreement with Korea Gold Exchange 3M, allowing TMTG holders to buy digital gold tokens, which can
A current non-executive director of Standard Life Investments Property Income Trust, JP Morgan Claverhouse Investment Trust and Ruffer Investment Company, has been appointed as an independent non-executive director of Alpha FMC, a consultancy to the asset and wealth management industry. Jill May will take up the role on 1 July 2020.
Read the full story on Institutional Asset Manager…
The concluding session at this year’s hedgeweekLIVE North America digital summit focused on the fundraising challenges – and opportunities – faced by start-up hedge funds, with speakers tackling what moderator Aaron Steinberg, director, prime Services at BNY Mellon-Pershing, described as the “Covid-19-sized gorilla in the room”.
The SS&C GlobeOp Forward Redemption Indicator for June 2020 measured 4.24 per cent, up from 4.00 per cent in May.
“SS&C GlobeOp’s Forward Redemption Indicator for June 2020 of 4.24 per cent was closely in line with historical averages for the month of June, though up somewhat from the very favourable 3.81 per cent reported a year ago,” says Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies. “This level of redemptions is consistent with other recent data points, indicating generally steady overall trends in asset retention for the hedge fund sector since the Covid-19 outbreak.”
The SS&C GlobeOp Forward Redemption
Tether, the blockchain-enabled platform behind the largest stablecoin by market capitalisation, and Compound, a decentralised lending market, are spearheading growth in the nascent decentralised finance (DeFi) space as USDt volume on the platform has surged above USD100 million.
Major growth in the trading of cryptocurrency assets, including during the Covid-19 pandemic, is driving demand for low latency access to the Amazon Cloud (AWS) in London from sophisticated institutional investors, operating in the derivatives market in particular.
Since the start of this year, 30 per cent of Avelacom clients already involved in crypto trading are now accessing AWS London and the global connectivity provider expects this to rise to 50 per cent within months.
Digital assets are characterised by high volumes traded across multiple regions, which now includes London as more crypto-exchanges and trading firms deploy their cloud-based
Hedge funds are circling Wirecard AG, the troubled German electronic payment processing company, which saw its share price plummet further on Friday morning (19 June) following revelations of alleged accounting imbalances.
The Munich-headquartered company revealed this week that some EUR1.9 billion worth of reported cash balances – an estimated quarter of its total balance sheet – could not be verified by auditor EY.
Shares in the DAX 30-listed firm crashed following the statement, sliding from EUR100.40 on Thursday to under EUR20 at one point on Friday morning.
Wirecard is now a key a target of several short-sellers, with well-known hedge funds including
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