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Alger Management’s Alger SICAV – Alger Dynamic Opportunities Fund has been selected as a constituent in the HFRX Global Hedge Fund Index.The Alger Dynamic Opportunities Fund is a long/short hedged equity fund that invests primarily in US-domiciled companies. It aims to provide investors with long term capital appreciation, downside protection, and lower volatility. Investors in the Fund have access to two premier growth equity managers—Fred Alger Management, LLC and Weatherbie Capital, LLC—that have a combined 25-plus years of hedged equity experience. The portfolio management team is led by Alger CEO and Chief Investment Officer Dan Chung, CFA.
The HFRX
Eventus Systems, a global trade surveillance and risk management software platform provider, has appointed Joseph Schifano as Global Head of Regulatory Affairs, Mikhail Gasiorowski as Sales Director, North America, and Diane Imas as Director of Marketing. Schifano is an attorney with more than 20 years of experience in market surveillance matters, most recently as Deputy General Counsel and Global Chief Compliance Officer (CCO) of Tower Research Capital in New York, along with senior regulatory roles at two global banks and the New York Stock Exchange (NYSE).
Schifano, Gasiorowski and Imas are all based in New York and report respectively to
The London Derivatives Exchange (LDX) has selected exchange tech specialist Exberry to provide matching engine technology. The partnership will enable LDX to launch global markets and cover a wide spectrum of asset classes.Digital assets have emerged as an attractive new investment class, especially since the pandemic, and demand for alternative secondary market trading opportunities is increasing. Exberry’s infrastructure aims to overcome the limitations of current exchange technology by delivering a platform designed to help any asset class launch markets, pivot, and scale.
LDX will leverage Exberry’s platform to provide technology for a wide variety of asset classes – from new
Danel Capital, an AI-driven analytics company, has partnered with Crux Informatics (Crux) to offer the Danel AI Score S&P 500 predictive stock scoring dataset to customers around the world. It will be available via Crux’s cloud-based data delivery platform, which connects financial companies with leading data suppliers.
Danel Capital is an AI company that uses machine learning and big data to produce predictive datasets, with the goal of helping improve the stock selection process in the asset management industry. These datasets can enable asset managers to access predictive scores for every stock of the S&P 500 index, rating the probability of
The SS&C GlobeOp Forward Redemption Indicator for July 2020 measured 2.64 per cent, down from 4.24 per cent in June.“SS&C GlobeOp’s Forward Redemption Indicator for July 2020 of 2.64 per cent is in line with long-term averages and compares favourably to the 2.69 per cent reported a year ago,” says Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies. “This month marks another strong result for hedge fund asset retention, which thus far has proven highly resilient in the face of the COVID-19 outbreak.”
The SS&C GlobeOp Forward Redemption Indicator represents the sum of forward redemption notices received from investors
Algebris Investments, the London-based multi-strategy credit and equities-focused hedge fund firm headed by Davide Serra, is diversifying its positions across credit markets amid a still-fragile recovery and “eerie mood” among investors.
The Algebris Global Credit Opportunities Fund – formerly known as the Algebris Macro Credit Fund – has increased its exposure to inflation-linked debt and convertibles in recent weeks, while maintaining upside convexity in gold.
Alberto Gallo, head of macro strategies at Algebris and portfolio manager of the Algebris Global Credit Opportunities Fund, said the strategy has also taken positions in idiosyncratic special situations in credit, which offer uncorrelated upside.
Short selling is essential in enabling investors to hedge against ESG risks, and has bolstered market transparency by uncovering corporate wrongdoing and environmental negligence, according to a new study by the Alternative Investment Management Association and global law firm Simmons & Simmons.
The paper – ‘Short Selling and Responsible Investing’ – probed how the booming trend of ESG (environmental, social, and governance) investing interacts with short selling, the often-criticised practice that is central to most traditional hedge fund strategies.
The study found that responsible investing does not necessarily require long holding periods, and suggested shorting can be “an excellent tool”
Hedge fund redemptions continued to decline from their Covid-19 pandemic-fuelled peak of USD85.6 billion in March. Net redemptions in May were USD8.0 billion, 0.3 per cent of industry assets, according to the Barclay Fund Flow Indicator published by BarclayHedge, a division of Backstop Solutions.In spite of the redemptions, the hedge fund industry continued to grow. Assets under management rose to USD3.04 trillion, up from USD2.99 trillion a month earlier based on trading profits of USD49.9 billion in May.
Data from 7,000 funds (excluding CTAs) in the BarclayHedge database showed funds in the US and its offshore islands again shaping the
Blockchain platform Telos has integrated with EvolutionDex, a protocol that allows anyone to create and launch their own trading pairs on decentralised exchanges. Traders will also be able to realise additional gains through increased trading fees that are acquired through the liquidity of these token pools.
EvolutionDex is an open-source and free protocol created by the EOS Argentina team that allows any developer to integrate it into a front end, allowing for different decentralised exchanges to share the same liquidity. The private keys of smart contracts are held by the top 21 block producers of the Telos blockchain, allowing no third-party
For Dixon Boardman, the CEO and founder of Optima Asset Management and renowned fund-of-hedge funds pioneer, the dramatic turbulence that shocked markets earlier this year is unlike anything ever seen during his three decades-plus of investing.
Boardman – an industry trailblazer who launched Optima back in 1988 – believes the spiralling Q1 drop was more sudden and swift than even the epochal Wall Street Crash of 1929, while the sharp rebound that sent stocks soaring despite the ongoing coronavirus crisis was almost as remarkable.
“There’s never been anything like what happened in March,” says the industry veteran, reflecting on the 2020
