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Following a challenging September, the Societe General CTA Index closed October at -2.41 per cent as difficult market conditions continued in October.
2019 year-to-date CTAs are still in positive territory at +5.98 per cent, helped by earlier gains from trend following strategies and an uptick from more fundamentally driven quantitative macro strategies in October. Trend followers suffered a dip in performance and were down by -4.16 per cent, meanwhile, short-term CTAs posted a marginally positive performance and were more reactive to market movements.
Attribution data from the SG Trend Indicator showed that whilst trend followers were down in October,
BEQUANT, a cryptocurrency exchange with prime brokerage services, is partnering with Avelacom, a global connectivity and IT infrastructure provider; to provide crypto currency market participants with faster access to BEQUANT’s market infrastructure via Avelacom’s low latency network.
Through this initiative BEQUANT’s colocation facilities and connectivity footprint globally will be increased through a point-to-point fibre in Equinix’s LD4 data centre, providing proximity and lowest latency connections between both companies’ networks.
In turn, this will provide BEQUANT’s professional trading clients, including investment banks, hedge funds and other proprietary traders using the most demanding algorithmic strategies with more colocation and connectivity options
Liquidnet, a global institutional investment network, has appointed Patrick Strobel as Chief Technology Officer (CTO).
As CTO, Strobel will oversee the company’s overall technology strategy, including product development for Liquidnet’s three business verticals, middle office solutions, data and analytics solutions, and overall systems architecture. Strobel will also be tasked with aligning the company’s technology offerings following the recent acquisitions of Prattle and RSRCHXchange earlier this year.
Liquidnet announces the appointment of Patrick Strobel as Chief Technology Officer
“2019 has been an amazing year of innovation and advancements for Liquidnet’s technology capabilities. We’re excited to have Patrick expand his role with
The hedge fund industry was in positive territory to begin the fourth quarter, extending industry-wide YTD gains with strong contributions from Healthcare, Quantitative Equity, Activist and Fundamental Value funds, according to data released today by HFR.
The HFRI Fund Weighted Composite Index advanced +0.4 per cent in October as equities recovered from early intra-month declines and as the U.S. Federal Reserve lowered interest rates. Performance gains across Equity Hedge, Event-Driven and Relative Value Arbitrage strategies were partially offset by declines in Macro strategies. The HFRI 500 Fund Weighted Composite Index, an investible index of 500 leading hedge funds, gained +0.5
Progressive Capital Partners (Progressive Capital), an independent Swiss investment boutique specialising in niche alternatives and managed futures strategies, is to acquire Vontobel Asset Management’s “Alternative Fund Solutions” unit.
Further to an existing mandate and a fund solution, their current team of four specialists will be joining Progressive Capital. More than 80 per cent of the assets under management within this unit originate from pension funds. The team of experienced alternative investment specialists have been developing investment solutions for institutional clients such as pension funds, insurance companies, trusts, and family offices for years.
Ilario Scasascia will head the Customised Solutions units, which
Chainalysis, a blockchain analysis company, has appointed three new business development leaders to manage growing demand for its cryptocurrency investigation and compliance software.
Jason Bonds joins as Chief Revenue Officer, Chris Manouse as Vice President, Public Sector, and Debra Brown as Vice President, Americas to streamline customer engagement with cryptocurrency across the public and private sectors. By connecting every part of the cryptocurrency ecosystem – financial institutions, government agencies, and cryptocurrency businesses – Chainalysis provides common, data-driven insights and builds trust in blockchains.
Bonds joins Chainalysis after spending over 11 years at Ping Identity, most recently serving as General Manager
MayStreet, a market data platform, has assumed the role of market data provider for the US Securities and Exchange Commission’s (SEC) Market Information Data Analytics System (MIDAS).
The SEC has transferred the vendor contract by novation from the previous provider, Thesys Technologies, following MayStreet’s acquisition of Thesys’ business unit that operates MIDAS.
The SEC’s MIDAS platform combines advanced technologies and empirical data to enable the Commission to monitor and understand short and long-term market trends and achieve dramatically better insight into the functioning of the capital markets.
“We are thrilled to be taking over the MIDAS system for
BTIG Limited (BTIG) has created a Fixed income Credit division in London to service clients across EMEA.
The team comprises sales and trading professionals and mirrors BTIG’s rapidly-expanding fixed income credit business unit in the US market. The European Fixed Income Credit team will be tasked with broadening BTIG’s credit capabilities across the continent.
The team will be led by Michael Carley, Sr, Managing Director and Head of European Fixed Income Credit. Carley joined BTIG in 2018 as Managing Director within the Fixed Income Credit in New York.
Bobby Dziedziech, CFA, Director and Senior High-Yield and Distressed Trader,
State Street Corporation (State Street), a global provider of integrated financial information and analytical applications, has partnered with FactSet to distribute the State Street MediaStats Equity Indicators on the Open:FactSet Marketplace.
“We are thrilled to partner with FactSet, a leading provider of data and analytics for investment professionals,” says Will Kinlaw (pictured), senior managing director and head of State Street Associates, a global centre for technology that combines differentiated datasets with innovative thinking from some of the foremost academic institutions in the world. “FactSet’s scale and data integration capabilities will help more asset managers and analysts access State Street MediaStats.
Resolute Investment Managers (Resolute), a diversified, multi-affiliate asset management platform with more than 40 affiliated and independent relationships, is to acquire a majority interest in National Investment Services (NIS), an asset manager specialising in fixed-income strategies.
With offices in Milwaukee, Chicago and Sarasota, NIS focuses on differentiated, taxable fixed-income strategies that seek to provide institutional investors with consistent performance and downside protection. NIS offers a wide variety of investment strategies, including traditional and alternative fixed-income options and dynamic fixed-income offerings tailored to meet a client’s investment objective or desired level of risk.
“NIS has established itself as a fixed-income leader
