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Hong Kong Exchanges and Clearing Limited’s (HKEX) wholly-owned subsidiary, Hong Kong Futures Exchange Limited (HKFE), has expanded its licensing agreement with MSCI Limited to include the broad-based MSCI Taiwan 25/50 Index, and plans to launch two new US-dollar (USD) denominated index futures contracts.Read the full story at Institutional Asset Manager…
London-based oil-focused hedge fund Westbeck Capital suffered a small dip in July after failing to capitalise on strong oil equities returns – but the strategy still remains up almost 70 per cent so far this year, with the firm now strongly bullish on an imminent price surge.
Westbeck has taken a cautious tone on the commodity short-term, but is becoming increasingly buoyant on a price rise next year, with oil predicted to follow on the heels of gold as a major beneficiary of strong investor inflows.
“We plan to remain aggressively exposed to oil equities on the long side for
Emerging markets online fixed-income intelligence and analytics platform REDD Intelligence, has appointed David Orbay-Graves as Managing Editor of Central & Eastern Europe, Middle East, and Africa (CEEMEA).Read the full story at Institutional Asset Manager…
Hedge funds reversed course in June from the pandemic-driven redemption trend of prior months, posting USD15.1 billion in inflows. It was a significant turnaround from USD8.0 billion in outflows in May, USD38.1 billion in April and USD85.6 billion in redemptions in March.
July’s inflows represented 0.5 per cent of industry assets, according to the Barclay Fund Flow Indicator published by BarclayHedge, a division of Backstop Solutions.
The hedge fund industry turned in another profitable trading month as well, earning a USD34.7 billion trading profit and bringing total industry assets to more than USD3.11 trillion as the month ended.
Data from
Preqin, a provider of the alternative assets industry data, tools, and analytics, has appointed Christoph Knaack as its Chief Strategy Officer.
As the first person to fulfil this role for the organisation, Knaack will oversee Preqin’s corporate strategy and business development, as well as sit on its Executive Committee.
Before joining Preqin, Knaack held several investment roles, most recently as a hedge fund investor at Davidson Kempner in London. Before moving to hedge funds, Knaack worked in the private equity team at Kohlberg Kravis Roberts, and started his career in investment banking at Morgan Stanley. He holds an MSc in
Glue42 and Leading Point Financial Markets are partnering to provide a ‘next-generation’ trading desktop experience.
SteelEye, a compliance technology and data analytics firm, has announced the general released of its new Auto-Trade Reconstruction technology, which reduces the time it takes for a firm to reconstruct a trade from days to seconds.
CoinShares XBT Provider family of crypto exchange traded products (ETPs), wich provide investors throughout Europe with a simple way to access digital assets via their existing broker or platform, now have over USD1 billion in assets.Read the full story at Institutional Asset Manager…
Harmonate has appointed Kevin Walkup as CEO, as the firm looks to accelerate its data operations platform for fund administration.“We are seeing a historic evolution in fund administration from a professional services model, to a fundstech model driven by data operations,” says Walkup. “Harmonate is a catalyst for that transformation, which is frankly happening faster than any of us might have expected. Conductor’s ability to take statement processing from two weeks to 24 hours is turning heads, and our expertise in change management is a match for firms that are inclined toward leading this market.”
Walkup was previously President
Exchange technology specialist Exberry is partnering with Digital Asset, the creators of the open source DAML smart contract language, to launch an end-to-end digital exchange infrastructure. With the new partnership, any business developing a new digital asset marketplace can launch in a matter of days with a fully-compliant, end-to-end exchange platform and a ‘near risk-free’ post trade settlement registry.
Demand for trading new types of financial instruments and assets is exploding, and entrepreneurs recognise the value that digitised and tokenised assets can add when launching new markets. It’s a trend that is gaining traction across a wide range of markets including
