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PGIM Investments has added a new liquid alternatives fund to its UCITs platform – the PGIM QMAW Keynes Systematic Absolute Return Fund – the first fund from Wadhwani Asset Management since its acquisition by PGIM in January 2019.
The fund launched on 24 September 2019 with seed capital of USD30 million.
QMAW’s systematic, quantitative approach seeks a return of LIBOR plus 5 per cent for the fund, while simultaneously attempting to limit the risk of capital loss. The strategy on which the Fund is based is calculated from January 2015 and has returned 20.9 per cent net-of-fees year to date
Financial services provider Siebert Financial Corp is to purchase Weeden Prime Services (Weeden Prime), a prime brokerage services provider.
When the deal completes, Weeden Prime will become a wholly-owned subsidiary of Siebert.
Founded in 2009, Weeden Prime is a full-service prime broker focused on providing services to institutional customers in clearing, hedge funds and family offices. Weeden Prime’s platform offers clients a scalable solution for prime brokerage, capital raising solutions, automated separately managed account infrastructure, exceptional client service and access to top-tier custody and clearing partners.
Weeden Prime offers a comprehensive global platform that includes dynamic proprietary risk
Schroders has launched two new funds on its alternative UCITS platform, giving investors access to both a US equity long-short fund and a US equity market neutral fund.
Schroder GAIA Nuveen US Equity Market Neutral and Schroder GAIA Nuveen US Equity Market Neutral are focused primarily on large-cap US equities, offering daily liquidity without a performance fee.
The launches give investors outside of the US access to Nuveen’s US equity long short strategies for the first time. The existing strategies boast robust six-year performance records and have a combined USD1.2 billion in assets under management (AUM).
Andrew Dreaneen,
The European Energy Exchange (EEX) slightly increased volumes on its power derivatives market in September to 380.5 TWh (September 2018: 377.1 TWh).
The largest growth rate was recorded in Austrian Phelix-AT Futures where trading volumes more than tripled year-on-year to 1.7 TWh (September 2018: 0.5 TWh). P
helix-DE Futures contributed the largest share to the overall volume at 250.1 TWh which represents a new monthly record (September 2018: 232.8 TWh). In the Central and South-Eastern European power derivatives markets, trading volumes increased by 35 per cent to 16.8 TWh (September 2018: 12.4 TWh).
In the EEX emissions trading
VNX Exchange, a Luxembourg-based digital asset marketplace, has appointed Michael Jackson to its Advisory Board. Jackson will work on the development of Venture Capital and Blockchain ecosystems. Both are key components for VNX Exchange.
“Today VNX Exchange is on track to commercial launch of its platform. This is very exciting and important milestone for the company. I am sure Michael’s previous experience in fast-growing companies will help VNX,” says Alexander Tkachenko, CEO and Founder of VNX Exchange.
VNX Exchange is an asset backed token issuance platform and secondary trading marketplace. VNX provides a turnkey solution to raise capital and
The Lynx Program (Lynx), the longest running active hedge fund in Sweden, has launched a pure machine learning strategy, Lynx Constellation.
Lynx Constellation will be the third investment offering from Lynx Asset Management since the company was founded in 1999. Lynx has used machine learning models since 2011.
Lynx Constellation will combine the return forecasts from twelve machine learning models which are programmed to understand and relay non-linear relationships within data points. The objective of the strategy is to generate high risk-adjusted returns, uncorrelated to markets, through trading of approximately 90 futures markets, long and short, providing broad diversification in
Motivated by a desire to evaluate and accelerate digitalisation opportunities in the global agricultural commodity industry, the Global Commodity Technology Association (GCTA) has launched with financial services industry veteran David Lehman as its Managing Director.
The new international, not-for-profit association’s mission is to support stakeholders along the supply chain who are focused on enhancing the efficiency of their internal trading processes and standardizsng post-trade execution.
Lehman says: “Commodity trading remains a manual industry that is nearly completely reliant on paper processes for contracting, invoicing and payments. To remedy this, we need stakeholders from across the supply chain to
QuantConnect has launched a new competition, Alpha Five, allowing hedge funds to solicit “designer” Alphas from the crowd.
QuantConnect, an open-source algorithmic trading platform, provides its community of over 85,000 quants access to financial data, cloud computing, and a coding environment where they can design, build, and live trade algorithmic trading strategies. For the first time, institutions can tap into the power of the crowd to solicit specifically designed trading strategies.
Quants will submit their strategies for not only part of a client-sponsored USD27,500 cash prize pool, but also the potential to be licensed by institutional investors for additional
EPIC Insurance Brokers and Consultants, a retail property and casualty insurance brokerage and employee benefits consultant, has appointed Principal and industry veteran, Lou D’Agostino, has been appointed to the newly-created position of National Hedge Fund Practice Leader as part of its Financial Services division.
In his new role, D’Agostino will be responsible for the continued growth and development of EPIC’s hedge fund practice and its contribution to the expansion of its Financial Services business. He will also serve as an internal resource and advisor, assisting producers in better understanding the industry landscape as well as the unique risk management
By Joshua Kestler, President and Chief Operating Officer, HedgeMark Advisors, LLC – Over the past several years, multiple public pension plans have implemented material Crisis Risk Offset (CRO) programmes to hedge or “offset” the significant growth risk in their portfolios. In other words, these programmes are intended to generate positive returns when equities decline.
CRO programmes are structured to invest in strategies that are expected to be uncorrelated or negatively correlated to equity risk premium. These investments are generally intended to have a similar level of volatility to equities so that they can effectively offset equity beta losses in times of
