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The DE Shaw group, a global investment and technology development firm, has concluded fundraising for its initial onshore investment fund in China. The firm, a pioneer in quantitative investing established more than 30 years ago, has been active in mainland China since the mid-2000s, with a presence in Shanghai for more than a decade.
“We’re grateful for the opportunity to manage capital on behalf of a broad range of onshore Chinese investors, including institutions, asset managers, and high-net-worth individuals, and we’re pleased the fund is off to a strong start,” says Julius Gaudio, Executive Committee member, the DE Shaw group.
The DE Shaw Razor China
Genesis, a specialist in digital currency trading and lending, has launched a new derivatives trading desk. The new offering, which follows last week’s announcement that Genesis is launching a prime brokerage service called Genesis Prime, expands the company’s suite of digital asset trading, institutional lending, custody, and prime services.
“Genesis is a one-stop-shop for sophisticated market participants and trading partners in the digital asset industry,” says Michael Moro, CEO of Genesis. “With a strong balance sheet and a team of talented traders with years of experience across product sets, Genesis is uniquely well-positioned to build a scalable derivatives desk. We also
RBC has executed its first FX trades with clients via AMOS, a cutting-edge product in the market, aimed at hedge funds and real money clients who have an active FX mandate.AMOS is a daily FX trade recommendation service which allows subscribed clients to receive daily FX trade recommendations ahead of execution, replicating the performance of RBC’s FX positioning based trading strategy dollar for dollar. Completely unique and proprietary to RBC, it is exceptionally innovative allowing for potentially smarter investment decisions and a high level of transparency.
AMOS looks at speculative flows through FX markets to track and identify where markets
Investors have continued to withdraw capital from hedge funds following disappointing returns – but newly-launched products aimed at tapping into this year’s market dislocations could be boosting renewed allocator interest, new research by eVestment shows.
Tether, a blockchain-enabled platform that powers the largest stablecoin by market capitalisation, and Aave Protocol, an open source and non-custodial money market protocol, have seen a surge in demand for Tether (USDt), amid growing interest in decentralised finance (DeFi).USDt is the biggest and fastest growing stablecoin money market in defi, with USD7.2 million worth of USDt now available on the Aave platform. USDt is enabling a stream of innovative DeFi financing products on Aave, which has a total liquidity of USD70 million with about USD60 million of locked assets in the smart contract.
Notably, there has been a ready take
After generating double-digit returns during the coronavirus-fuelled market downturn with short alpha bets, Argonaut Capital Partners is now building key positions in cyclical industries to take advantage of the post-lockdown recovery.
Chicago-based CME Group plans to launch new options on its Micro E-mini S&P 500 and Micro E-mini Nasdaq-100 futures contracts, which will be available for trading in the autumn of 2020, pending regulatory review.
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Outsourced trading solutions firm Tourmaline Partners has hired three senior professionals – Alex Goodman and Matt Sindell have joined as Managing Directors, while Darren Mazzuca has joined as Director of Operations. All threeare based in Stamford.In recent years, Tourmaline has achieved considerable growth as more buy-side firms become aware of the advantages of outsourcing all or part of their trading operations to a specialist provider. Recent spikes in volumes and volatility have accelerated this trend, particularly among funds looking to outsource in a supplemental capacity. The new hires are emblematic of this growth, as well as Tourmaline’s deep experience with
Postera Capital, a specialist in crypto-specific investment products and strategies, has acquired sentiment analytics start-up Augmento. In 2018, Berlin-based Fintech Augmento began developing the sentiment analysis algorithm for cryptoassets, quickly becoming a major player in the alternative data industry.
With the acquisition, Postera Capital strengthens its position as a pioneer in crypto consulting as well as its investment vehicle Postera Fund – Crypto I, the first EU-regulated crypto fund.
The acquisition of Augmento, which has some of the most advanced forecasting capabilities in the industry, supports Postera’s expansion and development of its quantitative investment strategies.
“Augmento has developed a unique AI
With the proliferation of financial data and cloud technologies, customer requirements to ingest and analyse data are diversifying and evolving fast. Driven by data suppliers’ demand to leverage its ready-made infrastructure and services, Crux Informatics (Crux) has unveiled a new offering, Crux Deliver, which expands its platform to help data suppliers improve their delivery capabilities.
Crux says this turnkey, managed service provides powerful technology capabilities to support delivery expansion for suppliers at a fraction of the cost of developing their own infrastructure.
“From exchanges to alternative data providers, suppliers need to rely on a platform to deliver data quickly and at
