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Short-selling strategies of all stripes seem set to soar amid the ongoing market mayhem which has seen global equities take a pounding following renewed coronavirus fears.
The S&P 500 was down almost 5 per cent at one point on Monday afternoon, sparked by concerns that the Covid-19 outbreak could become a global pandemic.
European markets meanwhile continued to slide on Tuesday morning, with the FTSE 100 – which closed 3.3 per cent down the previous day – shedding a further 0.83 per cent as investors fled equities for the perceived safety of assets such as gold and US treasuries.
The maelstrom follows
Tradition has reported an increase in demand the for SOFR market data via its TraditionDATA offering to gain an accurate picture of market context and colour.
EquiLend, a global technology company for the securities finance, collateral and swaps industries, has launched its new Collateral Trading service globally, following an intensive pre-testing phase.Clients from the Americas and Europe are now active on the service, with users in Asia set to join in April. Many of these counterparties were involved in the EquiLend Collateral Trading Working Group, which was formed in July 2019.
EquiLend Collateral Trading offers funding and financing desks a centralised way to execute and manage trade structures with their counterparties. The new workflow supports collateral trade negotiation, execution and management of lifecycle events, such
genesis, the international capital markets software firm, has appointed Felipe Oliveira as Global Head of Sales & Marketing, following a sustained period of growth and investment. Oliveira will be instrumental in delivering genesis’ mission to help the capital markets community innovate at speed. genesis works with a wide range of financial institutions including buy-side, sell-side, execution venues and clearing houses, providing a Low Code Application Platform, built specifically for capital markets. The platform enables the creation of products and solutions without having to write substantial lines of code, making the development of solutions much faster and much simpler. It is the
IOWArocks, a new “one stop shop” for data, has added Exchange Data International (EDI), a provider of global security corporate actions, pricing and reference data, to its marketplace. Jonathan Bloch, Chief Executive Officer, EDI, says: “Driven by the need to reduce costs, coupled with wanting more choice and control, many of our clients are looking beyond the major data providers in order to acquire the data sources they require. This is particularly relevant for smaller or niche firms who are new to the data business and require specialised or more limited data sets.
“Through the IOWArocks marketplace we can now provide
BNY Mellon HedgeMark is a dedicated managed account provider, solely focused on creating and operating managed account platforms for institutional investors. Launched in 2012, the business today has more than USD23 billion in assets across more than 100 funds spanning a broad range of hedge fund strategy types, including long/short equity, macro, equity market neutral, credit, CTAs, risk premia and more.
Large institutions have gradually moved away from off-the-rack, one-size-fits-all products and shifted towards strategies more tailored to their particular investment objectives, says Joshua Kestler, head of the business in New York.
Co-investments are a key area that is gathering momentum,
Innocap, the Montréal-based structuring and operating managed account platform unit co-owned by BNP Paribas and Caisse de dépôt et placement du Québec, was originally established in 1996 as the internal managed accounts-based fund of hedge funds within National Bank of Canada’s Treasury operations. Since then, the Innocap group has grown and now manages approximately USD7.2 billion in assets, structuring and operating customised managed account solutions for institutional investors globally.
As the business has developed, and managed accounts have gained in prominence among hedge fund investors, allocators’ priorities have steadily shifted. Foremost among current trends and developments is risk management,
For all the attendant challenges facing hedge funds – from greater fee pressures and more onerous compliance burdens to lacklustre performance and investor aversion – the industry has time and again demonstrated its ability to continually innovate and reshape the way it does business.
As the balance of power moves decisively away from managers and towards investors, managed accounts have continued to gain traction among allocators who want a greater degree of control, customisation and tailoring in their alternative investments, underpinned by the promise of increased transparency in portfolios and the appeal of lower fees.
As interest in managed account
EEX Group has successfully completed the migration of Freight Open Interest from Nasdaq Futures (NFX) to European Commodity Clearing (ECC), EEX Group’s clearing house. Following the third and final matching session, a total of 143,784 lots of Freight Open Interest, which equates to approximately 90 per cent of the entire NFX Freight portfolio, has been migrated from NFX’s clearing house Options Clearing Corporation (OCC) to ECC.
Peter Reitz, EEX Chief Executive Officer, says: “The NFX Freight migration is certainly a watershed moment for EEX Group’s freight business and one which has helped us realise our strategic ambition to become a major
Several brand name hedge funds are ramping up bets against GVC Holdings, the sports betting and online gaming group home to the likes of Ladbrokes Coral and Foxy Bingo, as the UK gambling sector faces sweeping regulatory changes from April.
