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Aggregate hedge fund industry performance slipped into the red again in September, with the industry returning -0.11 per cent last month, according to eVestment September 2019 hedge fund performance figures.
This marked the second consecutive month of negative industry returns, although the industry is still positive for the year, with aggregate year-to-date (YTD) industry returns coming in at +6.35 per cent. Across the industry, 82 per cent of products have produced positive results in 2019 with average gains among positive performers of +10.56 per cent.
There’s more green than red in returns across the strategies and fund types eVestment
Hedge funds posted mixed performance in the volatile month of September, as quantitative, trend-following CTAs declined, reversing August gains, on rising US interest rates, while equity markets traded in a wide intra-month range.
The HFR Asset Weighted Composite Index posted a modest gain of +0.01 per cent in September, while the HFRI Fund Weighted Composite Index declined -0.27 per cent for the month, with gains in Event-Driven, Equity Hedge and RVA partially offsetting Macro declines, according to data released today by HFR, the established global leader in the indexation, analysis and research of the global hedge fund industry.
The
Napoleon Capital, with the support of BNP Paribas Asset Management (‘BNPP AM’), has launched Napoleon World Equities AR Dynamix Fund, providing access to an absolute return quantitative strategy investing in global equities.
Available since 3 September, the fund is one of the first resulting from the partnership between BNPP AM and Napoleon Capital, which began a few months ago.
The fund offers exposure to a unique systematic index that is part of the Dynamix family, launched by Napoleon Capital and administered and calculated by Napoleon Index. The index is based on underlying strategies that are combined using statistics and
Q&A with Diego Gutierrez Zaldivar – CEO, Rootstock (RSK)
What is RSK?
Rootstock (RSK) is an innovative blockchain network with a unique value proposition: combining Bitcoin’s large user base and robust security with smart contracting capabilities.
RSK achieves this by enabling BTC holders to import their cryptocurrency into the network via a secure, two-way conversion process. By offering full support for Ethereum’s programming languages, RSK allows developers to utilise their existing code and create powerful smart contract applications. In addition, RSK has an in-built infrastructure layer that provides services such as computing power, storage and fast payment channels. This infrastructure is
Q&A with Simon Gray, Head of Business Development & Marketing, BVI Finance
How do you assess the importance of the crypto/digital asset class as a future growth driver for the jurisdiction?
We see crypto assets as a huge potential driver for the British Virgin Islands (BVI). Estimates suggest that while the asset class has fallen globally from its peak early last year, the market is still valued at over USD200 billion. What’s more, with the likes of Goldman Sachs noting this summer that it plans to go “further than ever” into its research and development of crypto, it is clear that
The estimated size of the global cryptocurrency market stands at USD293 billion, according to Cointelegraph. Within this arena, PwC estimates that there are around 150 active crypto hedge funds, managing approximately USD1 billion in aggregate AUM.
Fund sizes remain modest, with the average crypto hedge fund running USD21.9 million (as of Q1 2019), according to the PwC report, although given that this figure is skewed by a selection of funds managing USD50 million-plus, PwC estimates the median fund AUM to be more like USD4.3 million.
Still, given the volatility that tore through the cryptocurrency markets in 2018, the fact
By Ben Watford & James Burnie – Setting up a crypto-fund is not straightforward. Participants can be unclear as to the nature of this nascent asset class, whether it is an asset class, and just generally what it all means and whether it is worth anything.
This article seeks to help demystify what is going on, and to guide managers seeking to enter the crypto ecosystem.
What are we talking about?
“Blockchain”, simply put, is a technology which allows for a single piece of data (called a “token”) to be viewed by multiple persons simultaneously, at any time of the day,
Copper is a London-based technology platform that is set to revolutionise crypto investing. By building state-of-the-art trade infrastructure, the Copper Platform not only allows funds to easily, and securely deploy capital across multiple exchanges, it also provides institutional-quality independent custody.
By Manuel Anguita – At Silver 8 Capital, we believe that the future global monetary system will look considerably different than that of today. In our view, the combination of technological progress and geopolitical and social developments are going to change the current forms and uses of money.1
Ultimately, we strongly believe that blockchain technology will form the backbone of this monetary evolution.
In the modern world, currencies are primarily sponsored by groups or individual nation states, together with institutions that represent their interests. Currencies are, to a large extent, a public and managed good, tied to a specific geography and
The digitisation of the alternative funds industry has the potential to usher in a new investment paradigm; one that offers fund managers and investors a chance for capital preservation by investing in companies, real estate, infrastructure projects, and crypto currency-backed projects that are free of the influence of central bank intervention.
For hedge fund managers, this could open up new opportunities to invest in blockchain companies that eventually go public, and change the way they run their funds, not to mention cryptocurrencies, which are likely to continue to expand in number.
As we head towards 2020, there are signs that
