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UBS O’Connor (O’Connor), the multi-strategy hedge fund manager within UBS Asset Management, has hired Ken Geren as a Managing Director and Chief Investment Officer of the firm’s newly formed, absolute return strategy which will incorporate the impact of environmental issues into its investment process.
Simcorp has made an investment in start-up Alkymi as part of a new machine-learning initiative aimed addressing the current strain and costly challenge of processing unstructured data for alternatives investments
CTAs are maintaining their strong start to 2020, with trend-following portfolios well-balanced between cyclical and defensive assets, boosting profits in the first six weeks of the year.
Long positions across equity, fixed income, precious metals and US treasuries have strengthened returns lately, analysts at Lyxor Asset Management said, adding that several factors may to support performance throughout the year.
Lyxor’s weekly briefing note, by Philippe Ferreira, senior strategist, Jean-Baptiste Berthon, senior strategist, and Pierre Carreyn, hedge fund analyst, observed how CTA portfolios are more balanced between cyclical assets – specifically equities – and defensive assets such as fixed income, precious
TrueFX, a purpose-built OTC market designed for the buyside, has launched the TrueFX Clearing Member network, with Axicorp, FXCM and Velocity Trade partnering with TrueFX to support customer access to the ecosystem.
William Blair Investment Management has confirmed the appointment of an addition to its Emerging Markets Debt (EMD) team, with Johnny Chen joining as a portfolio manager.Chen joins William Blair from NN Investment Partners, where he was a portfolio manager responsible for Asian rates and currencies for the company’s pan-Asian and Global Emerging Market Debt portfolios. He previously worked at ING Investment Management. Chen has an MSc in Financial Computing and a BSc in Economics from the University College London (UCL).
In his new role, Chen will focus on Asian sovereign debt markets. The appointment further strengthens William Blair’s emerging markets
Global law firm Ropes & Gray has appointed Egan M Cammack and Laura M Hirst to the firm’s asset management practice as counsel in Boston.
Crux Informatics (Crux) has signed an agreement with Euronext FX to enable broad market delivery of FX Market Data.
Short-selling strategies of all stripes seem set to soar amid the ongoing market mayhem which has seen global equities take a pounding following renewed coronavirus fears.
The S&P 500 was down almost 5 per cent at one point on Monday afternoon, sparked by concerns that the Covid-19 outbreak could become a global pandemic.
European markets meanwhile continued to slide on Tuesday morning, with the FTSE 100 – which closed 3.3 per cent down the previous day – shedding a further 0.83 per cent as investors fled equities for the perceived safety of assets such as gold and US treasuries.
The maelstrom follows
Tradition has reported an increase in demand the for SOFR market data via its TraditionDATA offering to gain an accurate picture of market context and colour.