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With the US presidential election campaign rapidly gathering pace, the issue of political contributions – and the potential for conflicts of interest – has become a major issue on fund managers’ compliance radars.
The market fallout from the coronavirus pandemic will see continued volatility across equity, credit and commodity markets – but also potential investment opportunities.
The Eurekahedge Hedge Fund Index registered its strongest outperformance relative to underlying markets since February 2009, outperforming the MSCI AC World Index by 6.11 per cent in February. Long volatility and tail risk hedge funds led the performance tables in February and have outshined most other strategies as market volatility level remained elevated during the month.The global hedge fund industry AUM had increased by USD10.3 billion in 2019. Investor redemptions totalling USD127.5 billion have been recorded throughout the year, a level the industry has not seen after the global financial crisis. Going into 2020, net investor outflows of USD1.7 billion
CloudMargin, creator of a collateral and margin management solution native to the cloud, has appointed Miriam Marascio as Head of Client Services.Marascio has extensive client services leadership experience at global post-trade technology giant Clearstream Banking SA, part of the Deutsche Boerse Group.
In the role reporting to CEO Stuart Connolly, Marascio is now responsible for the end-to-end care of CloudMargin’s clients, including onboarding, support and ongoing relationship management. CloudMargin clients include brokerage firms, banks, asset management firms, insurance companies, outsourcers and technology providers, and they range in size from small institutions to Tier 1 global banks.
Connolly says: “We are
Digital asset management firm Wave Financial Group (Wave) has appointed Matteo Dante Perruccio to the newly created role of President International, who will be based in London.Perruccio’s experience in investment management spans over 30 years during which he has held various positions CEO of Pioneer Investments SGR and member of the board, CEO and Founder of Hermes BPK Partners, non-executive board director and Global Head of Key accounts and strategic relationships at FTSE listed Jupiter Asset Management and most recently Chairman of the Secofind Multi Family Office. He will be responsible for the international expansion of Wave Financial Group as
SIX has reported operating income of CHF1,129.7 million for the 2019 financial year. Read the full story at Institutional Asset Manager…
The European Securities and Markets Authority, the pan-EU financial watchdog, tightened rules on short-selling on Monday, and will now require hedge funds and other holders of net short positions to notify their respective national regulators of positions greater than 0.1 per cent of a company’s share capital.
Chenavari Investment Managers, the London-based credit-focused hedge fund, is building “agile and opportunistic” positions for yet further dislocation in global markets, going long in synthetic instruments – such as synthetic bonds and credit default swaps – and shorting cash assets, predominantly cash bonds.
In a letter to investors on Monday morning, Chenavari observed how value is reconstituting following last week’s market turmoil, with credit spreads in the iTraxx Crossover 5 year CDS index having gapped out some 300 basis points since the start of the year.
Meanwhile, technicals will be “king” in the short-term, the manager said.
“After the brutal sell
The UK could prove more attractive to hedge funds and other alternative investment funds under new Government proposals to review how asset holding companies for investment funds are taxed.
Performance remains top concern for alternative risk premia managers despite a better year for the industry, according to new research by MJ Hudson Allenbridge.The Alternative Risk Premia Fund Review was conducted using an online questionnaire with 34 asset managers participating, representing the majority of the assets managed in this market.
In 2019, ARP funds performed broadly in line with our long-term expectations, with the median fund returning +3.04 per cent in excess of cash, corresponding to a Sharpe ratio of 0.7.
The returns have been in line with other liquid alternative investments, but lagged exceptionally strong equity and bond
