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Hedge funds trading cryptocurrencies doubled their assets under management last year – but returns remain volatile, with the ability to survive hinging heavily on performance, a new industry survey has found.
The ‘2020 Crypto Hedge Fund Report’, jointly published today by PwC and Elwood Asset Management, a digital assets-focused investment firm, surveyed more than 40 managers running active crypto hedge funds during Q1 2020.
The wide-ranging report – which explores both quantitative issues within the crypto hedge fund sector, including liquidity terms, trading of cryptocurrencies and performance, as well as qualitative themes, such as best practice with respect to custody
Fulcrum Asset Management, a London-based multi-asset fund manager, has withstood 2020’s economic shock and continued unpredictability with an all-weather absolute return approach to trading and cross-asset view of markets.
Hedge funds staged a fightback in April following a torrid first quarter for the industry, recording their biggest monthly gain since the 2008 global financial crisis, with strategies of various stripes successfully trading the recent stock market rebound and heightened oil market volatility.
New Hedge Fund Research data shows equity hedge, event driven, energy and basic materials, and activist-focused hedge fund strategies drove gains across the sector last month.
Looking ahead, the continuing volatility and uncertain macroeconomic backdrop now offers “dynamic opportunities” for hedge fund outperformance in 2020, HFR said.
The HFRI Fund Weighted Composite Index – a global equal-weighted
Cayman-based alternative fund governance specialist Danesmead Partners has appointed ex Arrowgrass Investor Relations and Goldman Sachs Executive Director, Daniella Woolf, as a principal of the firm in its London office.Woolf will serve as a consultant to start up and established alternative investment groups in London. She will provide consultancy services to Danesmead clients on operational due diligence, ESG and responsible investing, new business set-up and on-going business reviews.
Woolf has spent more than 10 years in the financial services sector with a focus on hedge fund infrastructure. Both the buy-side and sell-side. Her recent experience includes managing the launch of
CLS, a market infrastructure group delivering settlement, processing and data solutions, has appointed Thomas Barkhuff as Chief Information Officer. Barkhuff, who will report to Chief Executive Officer Marc Bayle de Jessé and serve as a member of the Executive Management Committee, will oversee CLS’s technology and information security strategy and operations. He will be responsible for ensuring the continued delivery of stable, resilient and effective IT services, applications and infrastructure, commensurate with CLS’s role as a systemically important financial market infrastructure. He will also play a central role in supporting CLS’s efforts to continue delivering market-wide solutions that provide transparency, mitigate
Alternative asset and corporate business services provider SANNE, has appointed Katy Hodgetts as Director in its Guernsey office.
Ideal Prediction, an independent trading analysis and data science company for capital markets, has appointed Walter Bell as its Chief Technology Officer (CTO).An industry leading quantitative analyst and technologist, Walter has more than 20 years of experience in capital markets, working in a variety of roles across multiple asset classes.
Walter joined Ideal Prediction from Bank of America Merrill Lynch where he led an international team as the Global Head of Rates eTrading Quants. Prior to this, he managed technology teams in eFX Development, Cross Asset Trading and Global Arbitrage Trading at Credit Suisse. Earlier in his career he was a
YRD Capital, a fund of funds (FoF) focused on quantitative trading in digital assets is to expand into the UK.
The move follows the fund’s second investment in a UK based fund, and reflects YRD Capital’s aim to focus on the UK and European markets.
YRD Capital constructed a portfolio of systematic funds trading Digital Assets, providing uncorrelated returns, to equity markets, bonds and Bitcoin.
The fund target is to benefit from the high volatility of Digital Assets. YRD Capital also successfully gained positive returns during March 2020, when most funds had significant losses.
Yuval Reisman, who set up YRD
The Wilshire Liquid Alternative Index, which provides a representative baseline for how the broad liquid alternative investment category performs, returned 3.01 per cent in April, outperforming the 2.88 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.
“The markets recovered from a challenging March on the back of improved data surrounding the COVID-19 pandemic and continued economic support from the federal government,” says Jason Schwarz,
The CoinShares Group, a digital asset focused financial services firm, has announced the final step in the acquisition of GABI Trading with the rebranding and the launch of a new suite of trading tools and services under the CoinShares Capital Markets brand.
These initiatives are part of CoinShares’ mission to provide clients with a sophisticated, fit-for-purpose suite of products and services designed specifically for digital assets. This acquisition is part of a larger strategic realignment under the firm’s new leadership comprised of Chief Executive Officer, Jean-Marie Mognetti; Chief Strategy Officer, Meltem Demirors; and Chief Revenue Officer, Frank Spiteri. The
