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Eleven out of 13 hedge fund strategies covered by the EDHEC-Risk Alternative Indexes delivered positive returns in June. The two exceptions were CTA Global and Short Selling. The best performing strategy was Emerging Markets (5.24 per cent), followed by Distressed Securities (4.05 per cent). The worst performing strategy was CTA Global (-0.80 per cent), followed by Short Selling (-0.25 per cent). The positive trend on the stock market benefited the equity-oriented strategies such as Long/Short Equity (1.75 per cent) and Event Driven (2.31 per cent).
Even if the recovery was significant for most of the strategies, it does not compensate yet
Avelacom, a high-performance global connectivity and IT infrastructure provider for the financial services industry, has completed a new route between Sao Paulo, Brazil, and New York, USA. The route offers the new, fastest speed for the transmission of market data and trade execution between North American and Latin American major financial markets.
The route connects two Avelacom’s points-of-presence (PoPs): between Brazilian exchange group (B3) colocation facilities and Carteret, New Jersey, the data centre for Nasdaq. The latency has been improved on this route to 103.5 milliseconds (round-trip delay).
Increased trading volumes and market volatility means this route fits perfectly
Hong Kong-based hedge fund Long Corridor Asset Management has selected Bare Cove Technology Limited (BCT) as its software development and IT automation partner.
Binance has added to broad variety of derivatives with the launch of Perpetual Futures contracts margined with bitcoin, and with leverage of up to 125x.Read the full story at Institutional Asset Management…
Alternative credit specialist CIFC has launched a long/short high yield UCITS fund managed by industry veteran Jason Horowitz, who has been running similar strategies successfully for over 10 years.
Horowitz joined the New York-based manager in January as Head of US High Yield Bond Investments. He has been managing the strategy for CIFC since 1 February, 2020, delivering a 12.69 per cent net gain to the end of July, compared with a 0.18% loss for the wider US high yield market. The strategy made positive returns during March at the height of market anxiety around Covid-19.
The
MPMF Fund Management (Ireland) Limited (MPMF), the Maples Group’s alternative investment fund manager and UCITS management company, has announced a series of technology enhancements in response to evolving client demands and regulatory requirements.
The new systems infrastructure includes a blend of proprietary applications as well as industry-leading market technologies to support the delivery of MPMF’s innovative solutions for alternative investment and UCITS funds.
Since coming into full effect, the AIFMD and UCITS directives have posed significant challenges to fund managers and investors, mandating compliance with new and extensive authorisation and ongoing operational and transparency requirements. With a spate of
Hedge funds have stormed into the second half of the year, recording their second highest monthly return in almost 18 months, and their third biggest monthly return in a decade, with equities and macro-focused managers leading the way.
New data for July published by Hedge Fund Research shows widespread gains across an assortment of strategies.
HFRI president Kenneth Heinz pointed to surging gains in July across technology, activist, CTAs and volatility strategies, along with cryptocurrency funds. He said institutional investors are now looking to increase exposure to hedge funds in light of strong performance throughout this year’s volatility.
Overall, the
RJO MENA, an affiliate of RJ O’Brien & Associates, has acquired Lombard Forte Securities Limited (LFS), a Dubai-based provider of a diverse range of execution and brokerage services to a wide range of customers including hedge funds, asset managers and the largest investment banks both regionally and globally.Read the full story at Institutional Asset Manager…
Vela, an independent provider of trading and market access technology for global multi-asset electronic trading, has expanded its strategic partnership with IPC, a global provider of secure, compliant communications and networking solutions for the global financial markets. The partnership will provide IPC customers with access to Vela’s award-winning market data solution, SuperFeed, via Connexus Cloud, IPC’s flagship financial ecosystem that interconnects more than 6,600 capital market participants across the globe. It will also enable IPC customers, utilising Connexus Labs, to access an on-demand market data solution to support trading application testing along with third-party product evaluations.
Vela’s SuperFeed is a
IDEX, a decentralised cryptocurrency exchange (DEX), has secured a USD2.5 million seed investment led by G1 Ventures and Borderless Capital, including Collider Ventures, and Gnosis, to launch IDEX 2.0, a high-performance DEX. The new exchange will combine the speed and features of a centralised exchange (CEX) with the security of a DEX.
Historically, DEXs have lacked liquidity compared to their centralised counterparts, primarily because their design is not compatible with the software and strategies of the largest market makers and liquidity providers. High-latency, driven by on-chain execution, has made it impossible for market makers to quote deep liquidity at tight spreads,
