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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
Velox Clearing (Velox), a new technology-forward clearing firm led by a team of clearing industry veterans with nearly 170 years of collective experience, has officially launched.
Velox Clearing aims to provide a robust technology solution that is complemented by best-in-class customer service.
Headquartered in Southern California, Velox offers securities clearing, settlement, custody, margin lending, stock loan, and prime brokerage solutions to small- to mid-sized broker-dealers, registered investment advisers (RIAs), hedge funds and automated (black box) traders. Velox brings superior efficiency and speed to the back-office, supporting its customers’ business operations by combining modern, responsive technology with high-touch service, competitive pricing,
Union Bancaire Privée (UBP) is launching a new a technology-focused long/short strategy on its alternative UCITS platform in partnership with New York-based alternative investment manager Shannon River Capital Management (Shannon River).
U Access (IRL) Shannon River UCITS is managed by Spencer Waxman’s (CIO and Founder) Shannon River. and will allocate capital opportunistically and dynamically across SMID cap, “mispriced growth” stocks in technology-related sectors. More specifically, the investment focus will be in areas where disruptive technological changes have occurred, including among others intellectual property, software, media, entertainment, equipment, connectivity and logistics.
The strategy will utilise a fundamental approach, while research
Hedge funds returned to the black in September, posting an industrywide monthly return of 0.32 per cent, according to the Barclay Hedge Fund Index compiled by BarclayHedge.
By comparison, the S&P Total Return Index was up 1.87 per cent in September.
For the year-to-date through September, hedge funds returned 7.00 per cent. Over the same period, the S&P Total Return Index gained 20.96 per cent.
September’s gain was a welcome reprieve after a losing month in August (-0.96 per cent). Sector performance was mixed, gainers outnumbered those in the red by a 5:3 margin. Emerging market funds – excluding Eastern
