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CubeLogic, a provider of Business Intelligence enabled Enterprise Risk Management and Compliance solutions has secured two new client signings working in partnership with Numerix, a provider of leading-edge solutions for pricing, market risk, credit risk, XVA and FRTB. Within eight months of this new collaboration both CubeLogic and Numerix are delighted to announce that they have jointly secured two high profile deals. The first is with a well-known global liquidity provider and market maker and the second, a crypto currency bank. Together they are providing real-time VaR and Market Risk Management tools for the liquidity provider, whilst helping the Crypto bank
Investors’ bias towards momentum risk is making trend-following hedge fund strategies particularly sensitive to investor inflows, amid a recent spike in market volatility.
Lyxor Asset Management observed how future flows hinge predominantly on the cumulative performance of alternative strategies over a three-month period. On the flipside, investors tend to react to recent performance with a lag of three months.
As a result, flows into CTAs – which have enjoyed a strong positive start to 2020 – as well as long/short credit funds are the “most sensitive” to recent performance. Flows into global macro funds and event driven strategies tend to be
By Don Steinbrugge, Agecroft Partners – Hedge funds fees remain under extreme pressure across the industry. This strong trend is driven by declining return expectations from investors, increased competition across the industry, and an increasing share of industry assets controlled by large institutional investors.
Continuing the positive run from 2019, CTAs kicked off 2020 with all Societe Generale CTA indices in positive territory and the SG CTA Index closing the month at 0.83 per cent. Performance was led by the Short-Term Traders Index, which ended the month up 2.61 per cent.Performance at the month-end was positive amongst all other CTA indexes, including trend following, however the latter half of the month saw retractions to early gains, as markets became volatile. Data from the SG Trend Indicator showed that this mid-January volatility led to reversals in many global markets, impacting CTA performance.
Short-term CTAs proved
The Hedge Fund Association (HFA), an international nonprofit trade and nonpartisan lobbying organisation, has appointed Josh Stone, Legal & Compliance Advisor, and Mark Shaw, UK Regional Co-Director, as board directors.“I am delighted to augment HFA’s global team with leaders who help drive our mission, including in the UK, a robust calendar of educational and networking events, and a new legal/compliance advisor to guide us in this key area,” says Mitch Ackles, HFA President.
Nominations are now being accepted for HFA’s annual global board of directors election. Once the candidates are finalised voting by HFA members will commence in March of
The Commodity Futures Trading Commission has filed a civil enforcement action against defendants Q3 Holdings, and Q3 I, and their principal, Michael Ackerman for fraudulently soliciting over USD33 million to purportedly trade digital assets and misappropriating a substantial portion of the funds raised.“This case underscores, once again, that the Commission will continue working with our regulatory partners to ensure the integrity of our markets, including those involving digital assets,” says CFTC Director of Enforcement James McDonald. “Rooting out misconduct is essential to furthering the responsible development of these innovative financial products.”
The complaint specifically alleges that from at least August
Outsourced trading solutions firm Tourmaline Partners has appointed Joe Hodgkins as a senior trader in the firm’s Asia-Pacific office in Sydney.
Catalyst Funds, an alternative-focused fund company, has launched the Catalyst/Teza Algorithmic Allocation Income Fund (TEZIX), which utilises an algorithmic machine learning technology designed by sub-advisor Teza Investments, to invest in globally diversified multi-assets with a target risk exposure of 9 per cent to 12 per cent portfolio volatility.TEZIX provides diversified exposure, with investments across up to 39 major global asset classes, including equity indexes, government bond interest rates and commodities such as energy, precious metals, base metals, agriculture and grains. The actively managed Fund uses a trading strategy based on a proprietary algorithm and rebalances positions and risk exposure, generally
Angelo, Gordon & Co, a USD38 billion alternative investment firm focused on credit and real estate investing, has held the final closing of AG Credit Solutions Fund, with USD1.8 billion of equity commitments.The Fund, which is the flagship closed-ended investment vehicle of the firm’s distressed and corporate special situations activities, employs an all-weather investment approach designed to generate attractive risk-adjusted returns in any market environment. The Fund’s investment strategy seeks to align with companies and create customised financing solutions that can help resolve idiosyncratic liquidity and capital structure situations.
The Fund, which held its initial closing in July 2019,
The Eurekahedge Hedge Fund Index gained 0.17 per cent in January, outperforming the underlying equity market as represented by the MSCI ACWI (Local), which lost 0.90 per cent over the same period.
Equity markets started the month on a positive note, supported by the de-escalation of the tension in the Middle East, and the signing of the US-China phase-one trade deal. The S&P 500 and the tech-heavy NASDAQ returned 1.97 per cent and 2.29 per cent respectively for the week ending January 17.
However, market sentiment shifted quickly towards the end of the month, following the coronavirus outbreak in China.
