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Hedge fund managers were up 0.26 per cent in October, pushing their year-to-date return to 6.21 per cent, according to Eurekahedge’s latest Index Flash Update. The US-China partial trade agreement supported the risk sentiment among investors, which pushed the global equity market up 1.93 per cent over the month.
On an asset-weighted basis, hedge funds were up 0.62 per cent in October, as captured by the Mizuho Eurekahedge Hedge Fund Index (USD). The index was up 4.84 per cent over the first 10 months of the year.
The Eurekahedge North American Hedge Fund Index edged 0.53 per cent higher during
London-based investment firm, Carbon Cap has added several trading and environmental experts to its team in preparation for the launch of a global carbon and environmental markets fund.
The World Carbon Fund, which is set to launch in early 2020, will focus on the international CO2 emissions trading markets.
Founder and CEO, Michael Azlen says: “Carbon markets have been a successful policy tool in the effort to reduce emissions and now carbon is emerging as an attractive and investable global asset class. Carbon markets are expanding quickly around the world and the launch of China’s carbon market next year
The global hedge fund industry saw an average return of +0.55 per cent in October, bringing year to data (YTD) average industry returns to +7.09 per cent, according to the October 2019 eVestment hedge fund performance data.
Managed Futures funds, which saw returns at -1.73 per cent in October, were the primary reason aggregate returns were not more positive last month.
YTD 83 per cent of funds tracked by eVestment have produced positive results, with average gains among positive performers of +11.25 per cent for the year.
Among primary strategies, Origination & Financing funds were the big performance winners
iM Global Partner, an investment and development platform focused on acquiring strategic investments, and Scharf Investments, an investment firm providing high quality value investment strategies, have launched the iM Scharf US Quality Value fund, the first collaborative UCITS fund between the two firms.
The equity fund will seek to deliver compelling risk-adjusted absolute returns through a value-focused, fundamental, bottom-up approach.
The fund, which launched on 12 September, 2019, will give investors outside of the US access to Scharf Investments’ expertise for the first time, facilitated by the unique business model of iM Global Partner who acquired a 40 per
Integral, a financial technology company, and Jefferies, a global investment banking firm, have launched TrueFX, a fully integrated service designed for buyside firms to conveniently connect and trade with the FX market.
TrueFX is designed for the buyside community, including retail brokers, macro hedge funds, prime of primes and also regional banks. The centrally cleared venue provides direct access to FX liquidity through a single point of credit intermediation and technology integration. TrueFX aim to reduce trading, technology and credit costs by combining the solutions into a single offering.
TrueFX is open to the entire OFC community and delivers
Privium Fund Management has appointed Paul Hamill as Chief Operating Officer (COO). Hamill joins from HSBC prime brokerage where he was Global Head of Prime Finance responsible for their hedge fund activities.
Hamill brings more than two decades of experience in the alternative investment industry with Citadel Investment Group (Europe and Asia), ING Barings and Bankers Trust.
“The alternative investment industry continues to grow to new record levels,” says Hamill. “Portfolio managers require a solid infrastructure in this competitive industry. The increase of regulation and
compliance guidelines require a selection of business partners that can make the difference at the
Active fund managers could preserve more than 1.2 per cent per year, net-of-fees, of outperformance versus passive index funds, according to Essentia Analytics’ latest report.
Essentia Analytics’ research shows that active fund managers have a “window of opportunity” per position within which they can outperform index funds by a margin significantly greater than their active management fees.
Essentia’s analysis defines the “window of opportunity” within which managers can exit their positions and realise an index-beating return, net-of-fees. According to the report, on a typical position held for one year, managers have approximately nine months to act and still produce
OSTC, a global derivatives trading and education business, has appointed Professor Rose Luckin as an independent non-executive Board member.
Luckin is Professor of Learner Centred Design at the UCL Knowledge Lab in London. Her research involves the design and evaluation of educational technology using theories from the learning sciences and techniques from Artificial Intelligence (AI).
She has a particular interest in using AI to open up the ‘black box’ of learning to show teachers and students the detail of their progress intellectually, emotionally and socially. Rose is also Director of EDUCATE, a London hub for Educational Technology StartUps, researchers
Cyberian, a new institutional crypto off exchange liquidity venue, today announced its launch of the world’s first trustless venue for trading blocks of digital assets.
The new company makes the bold claim to be the only true trustless matching system of digital assets with no central entity. The system is a matching tool that is without any one single point of trust, and, ultimately enables investors to buy and sell digital assets with zero information leakage and superior prices.
Cyberian was founded by TORA, the industry’s most advanced cloud-based order and execution platform (OEMS) and Partisia. Partisia is a
The European Energy Exchange (EEX) has been granted the Foreign Board of Trade (FBOT) status by the United States Commodity Futures Trading Commission (CFTC).
This regulatory status confirms that EEX can directly admit US trading participants for trading on the exchange. Before receiving the FBOT status EEX has been operating under a “no-action letter” of CFTC since 2004. With the FBOT registration, EEX is now fully recognised as a foreign exchange in the United States.
“This recognition is an important step in EEX Group’s global growth strategy as it enables us to connect participants from the US in the long-term
