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For all the attendant challenges facing hedge funds – from greater fee pressures and more onerous compliance burdens to lacklustre performance and investor aversion – the industry has time and again demonstrated its ability to continually innovate and reshape the way it does business.
As the balance of power moves decisively away from managers and towards investors, managed accounts have continued to gain traction among allocators who want a greater degree of control, customisation and tailoring in their alternative investments, underpinned by the promise of increased transparency in portfolios and the appeal of lower fees.
As interest in managed account
EEX Group has successfully completed the migration of Freight Open Interest from Nasdaq Futures (NFX) to European Commodity Clearing (ECC), EEX Group’s clearing house. Following the third and final matching session, a total of 143,784 lots of Freight Open Interest, which equates to approximately 90 per cent of the entire NFX Freight portfolio, has been migrated from NFX’s clearing house Options Clearing Corporation (OCC) to ECC.
Peter Reitz, EEX Chief Executive Officer, says: “The NFX Freight migration is certainly a watershed moment for EEX Group’s freight business and one which has helped us realise our strategic ambition to become a major
Several brand name hedge funds are ramping up bets against GVC Holdings, the sports betting and online gaming group home to the likes of Ladbrokes Coral and Foxy Bingo, as the UK gambling sector faces sweeping regulatory changes from April.
Sara Gilbert has been appointed as head of business development for Northern Trusts’ alternatives asset servicing business in Europe.
Peter Mayer, formerly a Partner at PJT Park Hill with responsibility for leading the firm’s European hedge fund business, has been appointed as Head of Europe at alternative investment industry recruitment specialist Jensen Partners.
Read the full story at Private Equity Wire…
DG Partners, the London-based investment management firm with approximately USD1.4 billion in assets under management, has appointed Richard Blake as Head of Marketing to develop its client business across markets globally outside of North America.DG Partners was established in 2002 by David Gorton, and pursues discretionary global macro, systematic trend following and systematic equity market neutral strategies. Across the firm, there is a focus on fixed-income, futures and FX markets with a strong emphasis on liquidity, risk control, investor transparency and research combined with real world trading experience.
Blake will also act as Head of Marketing of BH-DG Systematic
Sky Seal Capital has launched Phoenix Lending, a platform that allows users to deposit digital asset and earn interest.Phoenix Lending has been rolling out its offering in several phases introducing products with different annualised interest rates. The minimum deposit is USD100, and users can terminate the product at any time. Currently, the target currencies are Bitcoin (BTC) and Tether (USDT). The interest payoff date is at the end of every month starting from March.
The management team of Sky Seal Capital employs AI strategy combination module which integrates more than 90 types of diverse technologies, including dynamic management mechanism for
Crystal Capital the operator of an alternative investment platforms for financial advisors and their qualified purchaser (QP) investors offering access to hedge fund and private equity investments, has reported 93 per cent growth in new Advisory relationships since January 2019.
Read the full story at Wealth Advisor…
First Digital Trust (FDT), the digital asset spin-off from Legacy Trust, is in the testing phase of Asia’s first instant Rapid Settlement and Clearing Network (RSCN) that will transform the way digital assets are owned, traded and invested in. “By utilising the immediate settlement network, trust is instant, and immortal. You can keep accurate, private and trustworthy records and trace all activity within the ecosystem. This is advantageous and profitable as people can hold their investments and assets for generations,” says Gunnar Jaerv, COO of FDT.
Set to launch in May, the innovative settlement network will enable safe and efficient settlement
Equity markets have merely sneezed in response to the coronavirus (Covid-19) and while there is uncertainty over how much fear has been priced in, as infection numbers continue to rise, hedge funds have navigated developments with discipline and a modest reduction in net long exposure. For now, rather than trying to react to short-term moves, managers are taking a prosaic stance.
