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Alpha Sigma Capital (ASC), a new blockchain investment and digital currency hedge fund, officially launched on 6 January, 2020, with a focus on delivering growth capital to blockchain companies with a multi-strategy hedge fund that utilises tokens, cryptocurrencies, equities, derivatives, and private investments. Founded by Enzo Villani and Michael Onghai, two serial entrepreneurs with extensive experience in private equity, public equities, M&A and portfolio management came together to fill a need in the market that allows institutional investors to invest in digital assets via a professionally structured fund that deems liquidity and proven success as key investment criteria. Hedging allows the
Chicago-based futures brokerage and clearing firm RJ O’Brien & Associates (RJO) has appointed John H Porter to a new strategic advisor role. Porter will be the lead macro-economic speaker at RJO conferences worldwide, will share his analysis of market and geopolitical conditions with the firm’s global client base, and will serve on the firm’s Investment Committee.
A Chartered Financial Analyst (CFA), Porter has decades of experience in roles including Chief Investment Officer, Chief Economist and Global Head of Fixed Income at major organisations ranging from the World Bank, to hedge funds, to Barclays and AXA.
RJO Chief Sales Officer Dan Staniford, says:
Brummer & Partners, the long-running Swedish multi-strategy hedge fund firm, is maintaining its market neutral approach and focus on diversification after its flagship strategy stumbled during the recent steep market sell-off.
In a note to investors this week, founder Patrik Brummer and Mikael Spångberg, CEO and portfolio manager of the Brummer Multi-Strategy fund, said markets are set to be characterised by “great concern and high volatility” for some time.
Brummer Multi-Strategy, the firm’s flagship multi-strategy fund of funds vehicle, has fallen 3.5 per cent so far this month, and has now lost 3 per cent since the start of 2020.
Crypto Broker has launched limit order functionality on its Crypto Asset Trader (CAT) to manage risk in the face of rising Coronavirus-related volatility across both crypto and traditional markets. Crypto Broker frees institutional and professional investors from constant monitoring of live prices with multiple exchanges and brokers around the globe, so they can focus on their core capabilities. As the first professional crypto broker in Europe to offer this functionality 24/7, Crypto Broker is one of a very few worldwide that enable highly secure crypto trading with best-price execution, a growing range of trading pairs, and professional liquidity. Limit orders are
The managed futures industry reversed course in February, turning from January’s gains into negative monthly territory losing 0.22 per cent, according to the Barclay CTA Index compiled by BarclayHedge, a division of Backstop Solutions. CTAs remain in the black for the year-to-date, however, returning 0.34 per cent through the end of February.
“After making record highs in the first half of February, economic concerns driven by coronavirus fears dragged US and European stock markets sharply lower at month’s end,” says Sol Waksman, president of BarclayHedge. “While the virus took its toll on equity markets, holdings in other market sectors were more
The Commodity Futures Trading Commission’s Division of Market Oversight (DMO) has issued three no-action letters providing temporary, targeted relief to swap execution facilities (SEFs) and certain designated contract markets (DCMs) in response to the COVID-19 (coronavirus) pandemic.The spread of coronavirus has caused compliance with certain CFTC requirements to be particularly challenging or impossible because of displacement of personnel from normal business sites due to social distancing and other measures.
“These prudent, targeted, and temporary actions will help facilitate orderly trading and liquidity in our derivatives markets. The CFTC remains squarely focused on promoting their integrity, resilience, and vibrancy through sound
The Fixed Income Division of INTL FCStone’s wholly owned subsidiary, INTL FCStone Financial, has hired Drew Doscher as Head of Distressed Debt Sales and Trading. Doscher will build INTL FCStone Financial’s distressed debt trading capabilities and lead the Company’s strategy for distressed loans and debt, private credit, private equity, trade claims and litigation stubs. He will be reporting to Robert LaForte and Anthony DiCiollo, Co-Heads of Global Fixed Income.
Robert LaForte, Co-Head of Fixed Income at INTL FCStone Financial Inc, commented on the appointment, “Drew’s thirty years in this space through many cycles will be invaluable as we build out our distressed debt
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.
Seven ways the effects of the Coronavirus will impact the hedge fund industry
Seven ways the effects of the Coronavirus will impact the hedge fund industry