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One of the major trends to emerge in the global hedge fund industry in recent years has been the growing sophistication and proliferation of quantitative strategies, some of which are pushing the edge of what is possible with machine learning algorithms, in an attempt to uncover novel sources of alpha.
Machine learning strategies are developing rapidly thanks to improved computer processing power. To be effective, however, managers need to feed their models with good data sets.
Speaking on the panel A Data Future, moderated by Stewart Jardine, Director, Market Technology & Data Services, CME, Rani Piputri, Head of Automated Intelligence Investing,
The eighth edition of ABN AMRO Clearing’s Amsterdam Investor Forum had picked its moment well. Held on 19 and 20 March, it seemed appropriate that 10 days before the UK was officially set to leave the European Union, prevailing market uncertainty and what the direction of travel could be for global financial markets in 2019 helped to create the ideal backdrop against which to debate the key issues facing alternative fund managers.
In her opening address, Delphine Amzallag, Global Head of Prime Services at ABN AMRO, said that looking back to 2018, after multiple years of steady growth, “it was clearly a tumultuous year
CME Group has launched ENSO Data Insights, a community benchmarking tool which leverages ENSO’s alternative data set to help customers make more informed investment decisions.
ENSO Data Insights provides hedge funds, asset managers and banks with access to a diverse pool of global multi-asset class securities to help them compare best execution financing rates, trend analysis for long and short position sector changes, sector breakdown, top position movers, crowdedness scoring, and the most active stock borrow rate changes as it relates to the ENSO Rate. The tool helps clients evaluate how market dynamics are driving costs and demands to borrow stock, optimise counterparty management and seize alpha-generating opportunities.
The DE Shaw group, a global investment and technology development firm, has been granted a license to develop and market onshore investment products to investors in China.
The Private Securities Investment Fund Manager (PFM) license is issued by the Asset Management Association of China.
The DE Shaw group was among the first alternative asset managers to trade Asian markets and has been active in mainland China since the early 2000s. It opened its current Hong Kong office in 2007 and its Shanghai office in 2010.
“The DE Shaw group has extensive experience in mainland Chinese markets, and we are honured
RUSAL, a Russian aluminium producer and key supplier in the commodities space, is teaming with Braidy Industries, a US base holding company which owns both Veloxint, an MIT-incubated lightweighting solutions company, and NanoAl, a Northwestern University incubated materials research and technology company, to establish a joint project in Ashland, Kentucky, USA to produce flat rolled aluminium products for the US automotive industry.
This is RUSAL’s first investment in the US since Washington lifted sanctions against the it in January. The company, the world’s largest aluminium producer outside of China, had already resumed supply services to the US.
The design capacity of the
Hedge funds continued their winning ways in March with a third straight month of positive returns. March’s hedge fund return was 0.67 per cent, according to the Barclay Hedge Fund Index compiled by BarclayHedge, a division of Backstop Solutions.
By comparison, the S&P 500 Total Return Index rose 1.94 per cent in March. Year-to-date through the end of March hedge funds posted a 5.64 per cent return while the S&P was up 13.07 per cent.
“The Fed’s announcement that it would hold interest rates steady for the remainder of the year added fuel to the ongoing uptrends in stock and
Exablaze, a provider of ultra-low latency network devices is partnering with Algo-Logic Systems, a specialist in Gateware Defined Networking (GDN).
Both firms service financial institution clients in trading and HFT, which include investment banks and exchanges trading multiple asset classes. The two firms share expertise in delivering advanced, ultra-low latency, deterministic solutions to financial markets and clients will quickly benefit from this partnership, with Exablaze hardware devices running Algo-Logic’s Gateware.
Exablaze FPGA-based network cards and switches come with a development kit, which allows clients to customise the network processing functions on the devices, including the development of trading, analytics
International currency broker and payment service agency, Global Currency Exchange Network Ltd (GCEN), and corporate custodial services company, Global Custodial Services Ltd (GCS), are combining under a single brand – GC Partners.
GC Partners offers institutional and corporate clients bespoke FX, hedging, mass payments, client money and investment services– targeting clients looking for a bespoke solution to match their specific needs, with a quick turnaround on new account opening. This service is attractive to all types of businesses but in particular to new funds and investment vehicles, who don’t have the AUM to attract the attention of mainstream banks.
GC
StatPro Group (StatPro), an AIM-listed provider of cloud-based portfolio analytics and asset pricing services for the global asset management industry, has increased and extended its financing facilities with Wells Fargo Capital Finance.
The facility has been increased by adding an additional GBP5.2 million of committed facility and an additional GBP6 million of uncommitted capital. This secured financing facility is available for acquisitions, share buy-backs and general corporate purposes.
Following the increase, the total facilities are approximately GBP49.1 million and comprise: GBP10 million committed revolving credit facility, GBP29.1 million committed term/deferred drawdown multi-currency loans, and GBP10 million uncommitted additional facility available.
Canadian alternative asset manager Ninepoint Partners has acquired the assets of LOGiQ Global Partners, a global institutional advisory business, from Flow Capital Corp.
The LOGiQ Global Partners team has a long history of helping institutional investors achieve greater portfolio diversification by providing strategic access to differentiated global asset managers.
With this acquisition, Ninepoint Partners adds seasoned sales and client service professionals, CAD3.5 billion of institutional contracts and almost 20 years of longstanding relationships with Canadian Institutional investors. The combined platforms will further enhance Ninepoint’s ability to bring innovative alternative solutions to Canadian retail and institutional clients.
“This is a great
