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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
BTIG has relocated its New York location to an expanded space at Park Avenue Tower – 65 East 55th Street in Midtown Manhattan, effective immediately.
The firm currently employs over 600 industry professionals across 18 offices throughout the US, Europe and Asia-Pacific.
Over the past 12 months, BTIG has hired more than 100 employees globally, and plans to continue to build out its team in key growth areas.
“The new space will better support the needs of our employees as they work to identify opportunities for institutional and corporate clients,” says Jennifer Mermel, Chief Operating Officer of BTIG. “The
CMC Markets, a provider of contracts for difference (CFD), is now offering its customers the ability to spread bet and trade CFDs on another seven cryptocurrencies.
In addition to bitcoin, ethereum, bitcoin cash, litecoin and ripple, now also available to trade on the Next Generation platform are: dash, EOS, monero, NEO, stellar, cardano and TRON. In addition, CMC Markets has lowered the spreads on their previously tradable cryptocurrency CFDs by an average of 50 percent.
David Fineberg, Deputy Chief Executive Officer, says: “Recently we have seen that cryptocurrencies are being rediscovered by traders. The volatility seen in early 2018
Exotix Capital, a London headquartered developing markets financial institution, has rebranded to become Tellimer Group (Tellimer).
Over 1400 firms are already connected to Tellimer’s proprietary platform which combines innovative technology with in-depth experience across 170 developing markets to deliver and connect world-class insights, advice, trading and analytics to market participants, investors, banks, insight providers, companies and sovereigns.
Duncan Wales, CEO of Tellimer Group, says: “I am pleased to announce the launch of Tellimer Group which truly reflects our vision of creating new and better services for clients by combining expertise with innovative technology. We are leveraging the 20 years’ specialist
2018 was a very difficult year for active managers – one of their worst in over a decade – according to new research published by Lyxor Asset Management (Lyxor), which compared the performance of active funds domiciled in Europe with that of their benchmarks.
The analysis from the Lyxor’s Research Team, which has been significantly expanded compared to previous studies, now assesses UCITS alternative funds for the first time. Lyxor’s research covers 32 active investment universes (28 traditional and four alternative), just under 7,000 funds and EUR1.6 trillion of assets under management.
The research shows that 2018 was a
Napoleon Capital has completed a fundraising with BNP Paribas Asset Management’s (BNPP AM) BNP Paribas Capital Partners, the company’s multi-management specialist.
BNP Capital Partners joins a group of investors including École Polytechnique (via the X-Création incubator) and other financial professionals, to accelerate Napoleon Capital’s development.
This new stage of fundraising aims to position Napoleon Capital as a new tech-centric player in algorithmic investment solutions. Its investment consulting offer builds on the latest research using Artificial Intelligence, as well as a proprietary micro-services IT infrastructure.
By partnering with Napoleon Capital, BNPP AM strengthens its expertise in quantitative management. This
