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Hedge funds and asset manager now have a new source of cryptocurrency liquidity thanks to a new partnership between B2C2 and SFOX.
Read the full story at Institutional Asset Manager…
The novel currency and gold-focused CTA strategy run by ex-AHL director Christopher Cruden has marked its fifth anniversary with a strong double-digit showing in the first six weeks of the year.
The Citco Group of Companies (Citco) has appointed Ryan Fitzgerald as Head of Middle Office Solutions to further develop the business line, which recently achieved double-digit growth. The appointment is part of a significant strategic investment by Citco, aimed at providing differentiated, customised solutions based on proprietary technology innovation, to a wide range of clients. Mr. Fitzgerald joins from Hazeltree Fund Services, a specialist treasury management solutions provider to the buy-side.
Middle Office Solutions is an integral part of Citco’s front-to-back office ecosystem, which continually evolves based on client requirements, technology innovation and regulatory mandate. Users of Citco’s Middle Office Solutions
The Wilshire Liquid Alternative Index, which provides a representative baseline for how the broad liquid alternative investment category performs, returned -0.31 per cent in January, underperforming the 0.41 per cent monthly return of the HFRX Global Hedge Fund Index. The Wilshire Liquid Alternative Index family aims to deliver precise market measures for the performance of diversified liquid alternative investment strategies implemented through mutual fund structures, backed by a proprietary classification methodology.
“After a positive start to the year, equity markets experienced a heightened degree of volatility stemming from the coronavirus outbreak in China, which also contributed to a significant Energy
Willkie Farr & Gallagher has appointed litigator Mark Stancil as a partner in the firm’s Washington office where he will focus on trial and appellate advocacy in complex commercial litigation, with a particular focus on investment disputes.Stancil’s clients include hedge funds and multi-strategy asset managers.
“Mark’s strong track record at the trial and appellate levels bolsters our rapidly expanding litigation team,” says Matthew Feldman, Co-Chairman of the firm. “He has litigated numerous complex matters for sophisticated investors, including some of the largest and most contentious matters involving billions of dollars. His deep experience navigating these disputes dovetails well with our
The Commodity Futures Trading Commission has issued an order simultaneously filing and settling charges against Matthew . White and MW Global Futures LLC (MWGF), both of Florida, for fraudulently soliciting approximately USD1.2 million for a pooled investment vehicle trading commodity futures contracts, misappropriating over USD280,000 in pool participants’ funds to pay for personal expenses, and operating without registration as required. The order requires White and MWGF to pay a USD200,000 civil monetary penalty and USD883,974 in restitution, of which USD602,003 has already been paid. The order also requires White and MWGF to cease and desist from further violations of the Commodity
Vela, an independent provider of trading and market access technology for global multi-asset electronic trading, has expanded its global Product and Account Management teams with new hires in London and New York.Based in London, Cedric Rondeaux joins Vela from ICE Data Services as Product Manager, reporting to the Chief Product Officer, Ollie Cadman. As a subject matter expert, Rondeaux will work as part of the global Product Management team, responsible for setting the product strategy and managing the roadmap for Vela’s market data business. Rondeaux will drive Vela’s response to key client, market and regulatory trends impacting the industry as
Rishi Sunak, former partner at global long/short equity hedge fund Theleme Partners and Sir Chris Hohn’s The Children’s Investment Fund Management, has been named Chancellor of the Exchequer after Sajid Javid resigned on Thursday.
Hedge funds are continuing to bet against Europe’s travel industry, with several brand-name managers growing their shorts in travel staples such as EasyJet and TUI, amid concerns the fallout from the coronavirus (Covid-19) outbreak could impact the continent’s tourism sector.
The managed futures industry stepped into 2020 on a positive note with a 0.51 per cent return in January, according to the Barclay CTA Index compiled by BarclayHedge, a division of Backstop Solutions. It was the third consecutive profitable month for CTAs.“The coronavirus outbreak was a double-edged sword for traders in January, dragging oil prices down over concerns of reduced demand while boosting gold and Treasury bonds as investors sought defensive options,” says Sol Waksman, president of BarclayHedge. “Similarly, the cryptocurrency market benefited with bitcoin enjoying its best January since 2013.”
All but two CTA sectors were in positive territory
