Latest News
Cayman-based alternative fund governance specialists Danesmead Partners has appointed Wendy Beer as a Principal of the firm and head of its New York Office.Beer was most recently Managing Director and head of Wells Fargo Prime Services’ Business Consulting Group. Prior to Wells Fargo, she was a consultant at Tiger Bay advisors and held a number of key industry roles including as a director in Credit Suisse’s Global Credit Products, specialsing in business development and marketing of tailored leveraged facilities to alternative asset managers and working in Salomon Smith Barney’s legal department. Beer was also a senior attorney in the SEC’s
Hedge funds have emerged as the top pick among asset allocators heading into the second half of 2020, outflanking other products such as private equity and real estate as investors’ asset-class-of-choice, according to new data from Credit Suisse, which showed hedge funds have met or exceeded the expectations of some two-thirds of investors so far in 2020.
The bank’s 2020 Mid-Year Hedge Fund Investor Survey – titled ‘Navigating Unchartered Waters’ – probed evolving allocator appetite, surveying some 160 institutional investors during May and June, collectively representing around USD450 billion in hedge fund investments globally.
The wide-ranging study quizzed a broad
Jack Inglis, the CEO of the Alternative Investment Management Association, discusses hedge funds’ response to the assortment of operational obstacles arising from the coronavirus-imposed lockdown, how virtual conferencing has reshaped manager-investor relationships, and what the future holds for the industry’s traditional Mayfair nerve-centre following months of remote working.
EEX’s Power Spot segment Intraday markets continued their growth trend in June, increasing by 15 per cent year-on-year to 9.1 TWh. A volume of 874 GWh has been traded in the new Nordic intraday and day-ahead markets (covering Denmark, Finland, Sweden and Norway) which are now available alongside the EPEX SPOT continental and UK products.
The European Power Derivatives Markets increased by 46 per cent year-on-year, driven by double-digit growth in the German (+57 per cent), French (+55 per cent) and Spanish (+59 per cent) Power Futures and triple-digit growth in Hungarian Power Futures (+120 per cent). Belonging to the smaller
Alternative asset and corporate services provider Sanne, has appointed Sakuya Tajima as Head of Business Development ̶ Japan.Read the full strip at Institutional Asset Manager…
OKEx’s latest improvement to the matching engine called Trading System 3.0 has resulted in a notable 90 per cent-plus improvement on latency, according to Lennix Lai, Director of Financial Markets of OKEx.The brand-new upgrade is designed to cater especially to high-frequency traders and will also allow OKEx’s matching engine to maintain constant high-performance and speed during periods of heavy trading and increased volatility. The upgrade will improve trading across the board from spot trading to futures, perpetual swap to options.
OKEx CEO Jay Hao says: “This is a considerable upgrade to the OKEx architecture and our users can expect to see
Truss Edge, a provider of outsourced services for alternative investment firms and ETF managers, has completed a System and Organisation Controls (SOC) 1 Type I Audit examination for its technology systems.
A thick broth of global regulation is putting added pressure on investment managers to institutionalise their compliance programmes.
Axiom Alternative Investments, the USD1.7 billion French investment manager, has launched its first global long/short credit fund in a UCITS format, which aims to capitalise on investment opportunities arising out of credit dislocations following the coronavirus pandemic.
Axiom Long/Short Credit, run by portfolio manager Gilles Frisch, trades US and European high yield debt instruments, specifically cash bonds along with vanilla high yield derivatives.
Launched with an initial EUR30 million in assets, and targeting a 4 per cent annual return with a volatility target below 5 per cent over the credit cycle, the new fund positions itself around a core view
Paulson joins the ‘going private’ trend as hedge fund industry’s changing of the guard accelerates
Paulson joins the ‘going private’ trend as hedge fund industry’s changing of the guard accelerates