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PGIM Investments has partnered with iCapital Network to provide HNW clients with access to a range of alternative investments including private equity and hedge funds.Read the full story at Wealth Adviser…
Project One, a ‘next generation’ AI-powered hedge fund has set it sights on generating returns similar to Renaissance Terchnologies’ fabled Medallion fund, the granddaddy of quant funds. Project One, the brainchild of Andrew Sobko and Rami Jachi, is powered by a 100 per cent model-driven, alpha-learning, AI algorithm designed to pinpoint market demand projections while actively applying real-time data analysis insights without human interruptions.
The Project One hedge fund, is targeting USD1 billion under management by 2021 and projects an average of 60 per cent annualised returns, similar to the performance of the Medallion fund which is famed for achieving returns
Keystone Capital Partners has formed a new investment platform led by hedge fund veteran Fred Zaino, which will provide capital solutions for small and midsize public and private companies. During a successful 15-year career at multi-billion-dollar global investment management firm Millennium, Zaino successfully identified and invested in hundreds of companies through bottom-up, fundamental analysis with a focus on the Biotech/MedTech sector.
“Keystone aims to help overlooked and underfunded companies reach their goals by providing a stable and equitable source of capital through creative investment structures,” says Zaino, Chief Investment Officer at Keystone. “I’ve learned throughout my career that the best returns
Dalzell Trading has appointed Lance Meyerowich as the firm’s Chief Revenue Officer. Meyerowich has spent over 20 years on Wall Street, most recently as Managing Director and Head of Delta One Sales at Wells Fargo.
His experience includes 17 years at Goldman Sachs in roles such as Head of Equity Sales on the Cross-Asset Desk and Co-Head of Execution Services for the Synthetic Products Group. He has an MBA in Finance and Management from NYU’s Stern School of Business and received a Bachelor of Business Administration from the University of Wisconsin, Madison. He holds Series 9/10, 7, 3, 63 and 55
Global multi-asset execution, clearing and liquidity provider Sucden Financeial has become a Principal on the BierbaumPro trading platform, branded as NTpro in Russia.
The Super ManCo will provide fully-fledged and flexible management company solutions for all investment strategiesDuff & Phelps, a provider of governance, risk and transparency solutions, as been authorised by the Central Bank of Ireland as an Alternative Investment Fund Manager (AIFM) and Undertakings Collective Investment in Transferable Securities (UCITS) Management Company (Super ManCo) in Ireland.
The Super ManCo will complement a range of existing services provided by Duff & Phelps and will offer a financially robust, independent and economically viable solution, including an independent risk function, to support ongoing management of regulated funds.
With the full scope of AIFMD
TradingScreen (TS), an all asset class execution and order management system (EOMS), and Imagine Software, a provider of portfolio and risk management solutions, have enhanced their long-standing partnership to deliver a full front-to-back office trading solution to the buy-side.The extended partnership offers hedge funds and asset managers the dual benefits of TradingScreen’s trade EOMS, coupled with Imagine’s real-time, cross-asset position management, risk analytics, and regulatory compliance platform.
By standardising implementation and simplifying deployment of the combined technology, a wider range of investment managers can benefit from the partnership. The breadth of the asset class coverage and the integration of two
Quantitative Brokers (QB), an independent provider of advanced execution algorithms and data-driven analytics for global futures and interest rate markets, has marked the 10th anniversary of its first trade execution. Since inception in 2010, QB has risen to become a premiere fintech institution providing execution algorithms across fixed-income, futures, and most recently adding options. With a suite of seven algorithms, four offices worldwide, and over 60 employees, QB serves clients including many of the world’s biggest asset managers, hedge funds, CTAs, global banks, public and private companies.
Founded by Chief Scientist Dr. Robert Almgren and Chief Executive Officer Christian Hauff, QB
Rhenman & Partners Asset Management saw its global equity hedge fund tumble in July, as losses in energy and financials positions outweighed gains in information technology stocks.
The Rhenman Global Opportunities Fund – a long/short global equity hedge fund strategy which trades across sectors, with a focus on value-oriented companies – shed 3 per cent in its main SEK-denominated share class last month. Its euro share class meanwhile fell 1.64 per cent.
IT names generated positive contributions in July, with Ericsson and Qualcomm the best overall performers.
But monthly returns were ultimately hamstrung by losses in bets on Chevron and
Toscafund’s Savvas Savouri confident of UK recovery despite deep recession
Toscafund’s Savvas Savouri confident of UK recovery despite deep recession