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Larger hedge funds’ performance in 2020 remains “significantly” below industry averages, according to new industry stats, suggesting that bigger may not necessarily be better when it comes to managers recouping losses suffered earlier in the year.
The ten largest hedge funds reporting to eVestment remain some 4.61 per cent in the red year-to-date, despite posting a 1.31 per cent gain in July.
In contrast, hedge funds overall are now flat for the year, at 0.00 per cent, having registered a 3.43 per cent rise last month to successfully claw back losses suffered in H1.
“Size appears to be something of
Hedge funds betting against Asos have seen their positions squeezed as the online fashion retailer’s share price surged further this week following upgraded profit forecasts.
SteelEye, a compliance technology and data analytics firm, has partnered with Margin Reform, a management and information technology consultancy in the margin, collateral, and legal space, to support the consultancy’s clients with compliance and regulatory reporting solutions. Margin Reform will offer SteelEye’s RegTech suite to its financial clients as they address the challenges of the evolving regulatory landscape.
“With increasing regulations, and marketplaces such as the CME and Deutsche Börse about to close their reporting businesses, there has been a significant increase in the demand from affected clients seeking automated solutions to properly handle their regulatory reporting and other compliance requirements,”
JMP Group LLC (NYSE: JMP), an investment banking and alternative asset management firm, has made management changes in the institutional brokerage division at JMP Securities. Read the full story at Institutional Asset Manager…
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
Savvas Savouri, chief economist and partner at long-running UK hedge fund manager Toscafund Asset Management, believes the UK is well-positioned to emerge from the current coronavirus downturn, despite GDP falling more than 20 per cent in the second quarter, sending the country into its sharpest recession on record.
Chinese credit market continues to look attractive despite US sanctions, says Muzinich & Co’s Bastin
Chinese credit market continues to look attractive despite US sanctions, says Muzinich & Co’s Bastin