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Managed futures funds reversed course from the prior month’s gains in September and declined 1.48 per cent according to the Barclay CTA Index compiled by BarclayHedge. For the year-to-date, CTA funds were up 6.08 per cent through the end of September.
“The trend is your friend is a timeworn cliché among momentum traders in futures markets,” says Sol Waksman (pictured), president of BarclayHedge. “Friends were few and far apart in September as Treasury yields and agricultural markets rebounded from the previous month, gold’s uptrend stalled as prices dropped, and crude oil, which had been trending downwards, spiked up 16 per
Vanguard Asset Management (Vanguard), a provider of high-value investment services, has launched the Vanguard Active UK Equity Fund.
The Vanguard Active UK Equity Fund is designed for investors seeking exposure to UK companies at a low cost. It will employ the approaches of two external fund managers focused on identifying growing UK companies, in a fund designed to be held for the long term.
The Vanguard Active UK Equity Fund is sub-advised by Marathon Asset Management (50 per cent) and Baillie Gifford (50 per cent). Marathon Asset Management look to identify UK companies that benefit from the flow of
Nuveen, an asset manager overseeing investments across real estate, private credit, farmland, private equity and forestry, is to open a new office in Copenhagen to facilitate future growth in Northern Europe.
The office opening comes as a direct consequence of increased business volumes in the region and will ensure Nuveen has proximity to both present and future clients in the region.
The office is situated in Hellerup, close to Copenhagen, and will serve as the main hub for all advisory services activities across the Nordics and the Benelux region. The office is led by Per Frederiksen, Head of Continental
Digital asset manager, CoinShares is to partner with Blockchain, a provider of cryptocurrency products and gold specialist MKS (Switzerland) have launched the DGLD network with more than USD20 million in gold digitised.
DGLD is a digital asset (token) representing allocated physical gold stored in a Swiss vault and tokenised with a side-chain built on the Bitcoin network. DGLD leverages the power and immutability of the Bitcoin blockchain to provide convenient purchasing of gold with the independence of physical gold ownership and the around-the-clock nature of digital assets.
Each DGLD token is the equivalent of 1/10 of a troy ounce
FlexTrade, a global provider of multi-asset execution and order management systems, and Woodline Partners, a San Francisco-based investment firm, have integrated MSCI’s Barra real time portfolio risk and factor analysis solutions into the FlexONE OEMS.
MSCI’s factor models are used to help investment managers understand portfolio and market risk, enabling them to build portfolios based on objectives and risk tolerance. With this integration, portfolio managers using FlexONE can model order more efficiently and better understand pro-forma risk before staging the order for trading. Risk managers using FlexONE’s pre-trade compliance engine can also set thresholds to be observed in real-time.
Following the success of its Capital Appreciation Fund, independent asset management firm, Left Brain Capital, has formed a new company, Left Brain Investment Research (LBIR).
LBIR provides premium investment reports for portfolio managers seeking high-return investment opportunities. The LBIR team of investment analysts aim to generate independent ideas for growth stocks and high yield bonds.
Noland Langford, founder and CEO of Left Brain Capital Management, says: “Our investment mandate required superior capital appreciation and independent thinking – when we looked for this research externally, the results were suboptimal. We created Left Brain Investment Research out of a market void
The Eurekahedge Hedge Fund Index was down 0.30 per cent in September, bringing its year-to-date return to 5.70 per cent. Roughly 28.3 per cent of hedge fund managers comprising the index have recorded double-digit gains over the first three quarters of 2019.
The global hedge fund industry AUM has declined by USD22.4 billion as of September 2019 year-to-date. Net outflows figure for Q3 stood at USD34.3 billion, as investor redemptions continued to slow down. Hedge fund managers recorded USD46.4 billion and USD40.0 billion of net outflows in the first and second quarters of 2019 respectively.
The Eurekahedge North American
Transaction Network Services (TNS) and Hong Kong Exchanges and Clearing (HKEX) have signed an agreement for connectivity, managed hosting and market data access that will give financial market participants greater choice of how to trade with the HKEX.
Hong Kong’s iconic securities market has over 2,300 listed companies and offers a range of equities and derivatives. The new agreement with TNS will provide local and international low latency connectivity to the exchange and between trading partners. TNS will offer traders managed hosting options at the HKEX HDC data centre and will become an Application Service Provider for HKEX equities and
Amidst the ‘fog of war’ surrounding Brexit, one rumour that keeps swirling around is that a number of hedge fund managers who ‘directly or indirectly bankrolled Boris Johnson’s leadership campaign’ in the summer and/or donated to the Leave campaign in 2016, are set to profit handsomely from the potential chaos of a no-deal Brexit. But as Tanzeel Akhtar asks, is this really a ‘hedge fund heist’ as some claim or just prudent portfolio positioning?
Crispin Odey, a London-based hedge fund manager and the founder of Odey Asset Management reportedly gave GBP870,000 to the Leave campaign and then made GBP220 million
Options, a provider of cloud-enabled managed services to the global capital markets, has secured its platinum partner status with global interconnection and data centre company, Equinix.
Options is a long-standing member of the Equinix Channel Partner Program, and is one of the first managed service providers to have attained platinum partner status with Equinix. The news follows the firm’s recent adoption of additional cloud connectivity services with Equinix Cloud Exchange (ECX) Frabic and the deployment of colocation services in Australia and Canada.
Options currently operates more than forty colocation sites alongside 400 market data and order entry feeds, providing
