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Exchange Data International (EDI)m a provider of global security corporate actions, pricing and reference data services, has launched a flexible volatility dataset series. The buy-side, sell-side and their service providers have been prompted to take advantage of opportunities in the markets and recalibrate pricing and risk models in order to properly value and hedge portfolios due to last week’s significant volatility across the global financial markets.
Jonathan Bloch, CEO of EDI, says: ”We have pulled together volatility data from across asset classes so that professional investors can receive a holistic view of what is happening in the financial markets. Volatile markets
Rhenman & Partners Asset Management, the Stockholm-based hedge fund firm which invests in global healthcare stocks, says the industry has not been shielded from the impact of Covid-19 – though different sub-sectors have been impacted in markedly different ways.
The Rhenman Healthcare Equity Long/Short Fund – which trades a range of small, medium and large pharmaceuticals, biotechnology, medical technology and service company stocks – fell more than 3 per cent during February, as the market reversal on the back of the Coronavirus outbreak began to bite. The USD700 million strategy, which launched in 2009, returned an eye-catching 40 per cent
Reformis, an international business transformation consultancy, has appointed Tom Cunningham as Head of its new UK Advisory Practice.Cunningham, who joins from IHS Markit, is tasked with developing the new service, enhancing the Reformis offering as a strategic partner and adviser.
Taking up his role with immediate effect, Cunningham will be based in Reformis’ London City office, reporting to Chief Executive Officer Brian Woodham.
Brian Woodham said: “Reformis has a strong reputation on the buy-side of the asset management sector as a deliverer of business transformation and technology consulting. Following our 2018 rebrand and new management team, we’ve positioned the business
The hedge fund industry experienced USD21.2 billion in inflows in January, reversing a two-month redemption trend in a turnaround from December’s USD29.0 billion in redemptions.January’s inflows represented 0.7 per cent of industry assets, according to the Barclay Fund Flow Indicator published by BarclayHedge, a division of Backstop Solutions.
A January trading profit of USD6.8 billion brought total hedge fund industry assets to more than USD3.26 trillion as January came to a close, up from USD3.19 trillion at the end of December.
January’s industry inflows were fueled largely by hedge funds in the US and its offshore islands, which took in
Alpha Sigma Capital (ASC), a new blockchain investment and digital currency hedge fund, officially launched on 6 January, 2020, with a focus on delivering growth capital to blockchain companies with a multi-strategy hedge fund that utilises tokens, cryptocurrencies, equities, derivatives, and private investments. Founded by Enzo Villani and Michael Onghai, two serial entrepreneurs with extensive experience in private equity, public equities, M&A and portfolio management came together to fill a need in the market that allows institutional investors to invest in digital assets via a professionally structured fund that deems liquidity and proven success as key investment criteria. Hedging allows the
Chicago-based futures brokerage and clearing firm RJ O’Brien & Associates (RJO) has appointed John H Porter to a new strategic advisor role. Porter will be the lead macro-economic speaker at RJO conferences worldwide, will share his analysis of market and geopolitical conditions with the firm’s global client base, and will serve on the firm’s Investment Committee.
A Chartered Financial Analyst (CFA), Porter has decades of experience in roles including Chief Investment Officer, Chief Economist and Global Head of Fixed Income at major organisations ranging from the World Bank, to hedge funds, to Barclays and AXA.
RJO Chief Sales Officer Dan Staniford, says:
Brummer & Partners, the long-running Swedish multi-strategy hedge fund firm, is maintaining its market neutral approach and focus on diversification after its flagship strategy stumbled during the recent steep market sell-off.
In a note to investors this week, founder Patrik Brummer and Mikael Spångberg, CEO and portfolio manager of the Brummer Multi-Strategy fund, said markets are set to be characterised by “great concern and high volatility” for some time.
Brummer Multi-Strategy, the firm’s flagship multi-strategy fund of funds vehicle, has fallen 3.5 per cent so far this month, and has now lost 3 per cent since the start of 2020.
Crypto Broker has launched limit order functionality on its Crypto Asset Trader (CAT) to manage risk in the face of rising Coronavirus-related volatility across both crypto and traditional markets. Crypto Broker frees institutional and professional investors from constant monitoring of live prices with multiple exchanges and brokers around the globe, so they can focus on their core capabilities. As the first professional crypto broker in Europe to offer this functionality 24/7, Crypto Broker is one of a very few worldwide that enable highly secure crypto trading with best-price execution, a growing range of trading pairs, and professional liquidity. Limit orders are
The managed futures industry reversed course in February, turning from January’s gains into negative monthly territory losing 0.22 per cent, according to the Barclay CTA Index compiled by BarclayHedge, a division of Backstop Solutions. CTAs remain in the black for the year-to-date, however, returning 0.34 per cent through the end of February.
“After making record highs in the first half of February, economic concerns driven by coronavirus fears dragged US and European stock markets sharply lower at month’s end,” says Sol Waksman, president of BarclayHedge. “While the virus took its toll on equity markets, holdings in other market sectors were more
Seven ways the effects of the Coronavirus will impact the hedge fund industry
Seven ways the effects of the Coronavirus will impact the hedge fund industry