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The Alta Fox Opportunities Fund fund increased by 9.96 per cent gross and 8.29 per cent net in the fourth quarter of 2019. The average net exposure during the quarter was 77.86 per cent. For the full year of 2019, the fund returned 63.63 per cent gross and 49.70 per cent net with average net exposure of 80.84 per cent. Since inception in April 2018, the fund has returned 78.57 per cent gross and 59.68 per cent net compared to 26.69 per cent for the S&P 500, 11.79 per cent for the Russell 2000, and 5.70 per cent for the Russell
FX markets are unique not only in their scale but also in their complexity. There are multiple trading paradigms, and also multiple venues where trades may be executed. The FX ecosystem is highly fragmented and the case for more automation – more automated FX trade-lifecycle processes and procedures – has been clear for some time. And yet, automation hasn’t happened yet. Why not, and when will it happen? Steve French, Head of Product for Traiana, writes about the challenges to automation, its benefits, and the key steps that firms should take on their journey towards implementing automation.
European software investor Hg is to acquire stakes from Keensight Capital and Pléiade Venture in smartTrade Technologies (“smartTrade”), a specialist in multi-asset electronic trading solutions, headquartered in Aix-en-Provence, France. David Vincent, CEO & co-Founder, and the smartTrade management team will remain invested in the business alongside Hg.
smartTrade is a managed services and hosted software provider for trading desks. It’s liquidity management solutions enable banks, brokers and hedge funds to proprietary trading desks to develop and run high-performance trading platforms throughout the world. The business has expanded rapidly in recent years and today has a global client base, with subsidiaries around
Metronome Capital, the London-based long/short equity manager led by former Lehman Brothers banker and Parvus Asset Management partner Sharif el Khazen, is flying high – powered by a mix of long conviction trades in European luxury brand names and a cluster of short bets on assorted declining sectors.
Small cap equity specialist, Granahan Investment Management (GIM), has launched the Granahan US SMID Select Fund on the Granahan Funds plc platform. A seed client has invested nearly USD100-million.
JTC has appointed Greg Kok as Head of Group JTC Management Company (ManCo) Services as the firm looks to continue to grow and develop its global ManCo and alternative investment fund management (AIFM) proposition.Based in Luxembourg, Greg will in his new role oversee the effective delivery, growth and evolution of JTC’s global ManCo platform and add to the technical resources for real estate, private equity and UCITS fund manager clients.
JTC has had a ManCo platform in Luxembourg, one of the first Luxembourg-based independent management companies to comply with the Alternative Investment Fund Managers Directive, since 2016 and in Guernsey
A growing number of investors require hedge funds to build environmental, social and governance (ESG) elements into their investment processes – with traditional risk-return metrics being overhauled to include ESG factors, a wide-ranging industry study has found.
TP ICAP’s Data & Analytics business has gone live with MDXT’s data distribution solution. This is being implemented to support increasing client demand for flexible access to premium content by broadening data distribution channels to Microsoft Excel, web portals, mobile apps and Symphony apps, supplementing TP ICAP’s Data & Analytics division’s existing channels to market.
TP ICAP is a global firm of professional intermediaries focused on the world’s financial, energy and commodities markets.
Designed to enhance the firm’s overall data distribution capabilities, MDXT has been seamlessly integrated with TP ICAP’s Data & Analytics division’s core infrastructure to collect real-time data for
THETA, a specialist provider of buy-side trading technology as a service, has appointed Peter Meddemmen as its Chief Technology Officer. Industry leading technologist, Meddemmen has more than 30 years of experience in Capital Markets managing technology for multi-asset solutions across the full order-execution life cycle, including front to back workflows, risk, security, legal and regulatory framework.
Meddemmen joins THETA from Bloomberg, where he held several senior positions in the Trading Solutions team since 2007. Previously, Meddemmen held CTO positions at City Index and GL Trade (acquired by Sungard in 2009). Earlier in his career, Peter was the VP for technology at
A total volume of 10.1 TWh was traded in EEX’s intraday power markets in January 2020, a 46 per cent increase year on year. The Austrian, Belgian, German continuous, French, GB continuous and Dutch spot markets all registered record volumes, which made it possible to pass the 10 TWh mark for the first time.
The power derivatives markets reported a double-digit growth with the Hungarian market doubling its volumes to 16.1 TWh and French futures increasing by 92 per cent.
At 179.5 TWh, the US power futures continued their strong development and increased by 57 per cent compared to January 2019.
