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A stronger revalued yuan is vital to any post-coronavirus global economic recovery, with reinvigorated Chinese financial firepower helping to swerve a deep recession in the next year, according to Toscafund Asset Management’s Savvas Savouri.
The Financial Conduct Authority has introduced a temporary ban on the short selling of certain Italian stocks, which will last until the end of Friday’s trading, in a move to calm the sustained frenzied selling following hefty slides in global stock markets this week.
The ban – which took effect at the start of Friday’ trading, in line with EU rules – covers some 85 companies across a range of sectors, spanning banks including Unicredit, natural gas distributor ItalGas, luxury carmaker Ferrari, and Juventus and Lazio football clubs.
The UK market regulator’s action, which follows a similar move by the
Tether, a blockchain-enabled platform that powers the largest stablecoin, has surpassed USD5 billion in market capitalisation.The importance of Tether (USDt) is growing as the stablecoin performs an increasingly vital function within the digital asset ecosystem. Notably, USDt is playing an increasingly important role in the nascent decentralised finance (DeFi) space where it brings a vast amount of liquidity.
“USDt is increasingly deployed across an array of projects poised to sweep through the financial system over the next five to 10 years,” says Paolo Ardoino, CTO at Tether. “We’re proud that it has breached the USD5 billion mark with USDt manifestly
CloudQuant says it has proven the value in the Precision Alpha Machine Learning Signals (PA Signals) alternative data set. Its detailed data science study shows a long-short portfolio outperforms the equal-weight S&P 500 ETF by an average of 37.9 per cent per year after transaction costs.
Hedge fund losses picked up in February with the industry down 2.81 per cent for the month, according to the Barclay Hedge Fund Index compiled by BarclayHedge, a division of Backstop Solutions. By comparison, the S&P Total Return Index was down 8.2 per cent for the month.
For the year-to-date the hedge fund industry was down 3.00 per cent through the end of February. The S&P Total Return Index was down almost 8.3 per cent over the same period.
All but a handful of hedge fund sectors were in negative territory for February, as what little good economic news to
Recent spikes in Korean stock market volatility following the global sell-off could see an upswing in margin calls in its autocallables market, potentially driving the index even lower, with investors taking advantage of the higher volatility to obtain higher yields.
Horseman Capital Management, the London-based contrarian long/short hedge fund led by Russell Clark, said on Thursday that the continued issuance of autocallables – structured notes which have automatic calls when a certain upside barrier is reached – suggests investors are looking to capitalise on the recent volatility spike.
Historically a highly volatile market, the KOSPI 200 has seen volatility levels
The Wilshire Liquid Alternative Index, which provides a representative baseline for how the broad liquid alternative investment category performs, returned -1.99 per cent in February, underperforming the -1.44 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 US equities reached all-time highs in mid-February, markets sold off precipitously towards the latter half of the month, erasing the gains and finishing the month down over 8
Cineworld, the London-listed cinema group heavily shorted by a number of hedge funds, saw its share price tumble on Thursday amid the continued market sell-off on the back of the coronavirus outbreak.
The FTSE 250 company’s share price dropped some 47 per cent at one point during morning trading. The slide comes as both the FTSE 100 and FTSE 250 shed roughly 6 per cent after US president Donald Trump suspended travel to the US from 26 European countries as a move to curb the spread of Covid-19.
BlackRock Investment Management, EMS Capital, Marshall Wace, Maverick Capital, SCGE and Tybourne
John C Ertman, a long-time litigator for the investment management industry, has launched a new, conflict-free litigation firm, Ertman Dulis & Helisek.
The firm has offices in New York, New Jersey and Pennsylvania and is uniquely focused on investment management litigation in both defence- and plaintiff-side cases. The firm’s client base includes hedge fund, mutual funds and private equity funds, spanning a broad spectrum of cutting-edge matters affecting asset managers and their investors.
The firm’s leadership comprises founding partners Ertman, Caleb Dulis and Julian Helisek, all of whom were previously investment management litigators at global law firm Ropes & Gray.
The Securities and Exchange Commission (SEC) has obtained an asset freeze and other emergency relief against Florida-based investment adviser Kinetic Investment Group and its managing member, Michael Scott Williams, in connection with an alleged fraudulent, unregistered securities offering that raised approximately USD39 million from at least 30 investors located mostly in Florida and Puerto Rico.According to the SEC’s complaint, filed in the US District Court for the Middle District of Florida, Kinetic Group and Williams fraudulently raised millions of dollars by making material misrepresentations to investors who they solicited to invest in Kinetic Funds I LLC, a purported hedge fund
