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On the fourth anniversary of the Swiss National Bank’s (SNB) removal of the Swiss Franc (CHF) floor, the JPMorgan Chase Institute has released a new study exploring the trading behaviour of hedge funds during the SNB’s Minimum Exchange Rate policy period.
The SNB’s surprise announcement to remove the EUR/CHF floor and the subsequent exchange rate volatility serves as a case study of how central bank communication choices can impact financial market volatility.
The decision by the SNB to announce the removal of the Minimum Exchange Rate policy as a surprise in the period between regularly scheduled meetings likely
GMEX Technologies (GMEX), a provider of multi-asset exchange and post-trade business and technology solutions, has launched ForumCustody and ForumWallet, part of the GMEX Fusion product suite, to include Digital Custodian and Vault capabilities.
GMEX Fusion delivers digitally enabled hybrid trading and post trade solutions for exchanges, clearing-houses and central securities depositories (CSDs) taking advantage of the inherent positive characteristics of both centralised and distributed ledger technology.
Institutional investors are increasingly investing in digital assets and require custodians who are able to deliver exchange custody, self-custody or third-party management of their digital asset accounts. The new cryptocurrency and digital asset
The Eurekahedge Hedge Fund Index was down 3.85 per cent in 2018, outperforming the MSCI AC World Index (Local) which declined 10.18 per cent over the year.
Throughout the year, the global hedge fund industry saw performance-based losses and net investor outflows totalling USD58.9 billion and USD51.6 billion respectively, in contrast to how the industry assets grew USD221.9 billion over the preceding year.
The first quarter of 2018 saw the return of market volatility, which pushed nearly every major strategic mandate down into the red in February. CTA/managed futures hedge funds suffered the heftiest losses, with the Eurekahedge CTA/Managed
Optima Partners has appointed compliance industry veteran Portia Amato as a Director in the firm’s New York office.
Amato (pictured), brings nearly two decades of experience in providing compliance services for the investment management industry. In her new role, Amato will be responsible for maintaining client relationships and working with management to drive further growth for the firm, which has more than 500 clients including hedge funds, private equity and venture capital firms, broker dealers, and global banks.
Before joining Optima, she was a Compliance Officer at DRA Advisors, a New York-based investment advisory firm specialising in real estate
Blockchain technology company Currency.com has launched a fully-functional trading platform for tokenised securities, which allows investors to trade, invest in, and benefit from exposure to, real-world financial instruments by directly using cryptocurrencies.
Currency.com is accessible to all types of investors and will issue over 10,000 tokenised securities (starting with 150+), which will track the underlying market price of common financial instruments, such as global equities, indices and commodities. For instance, users will be able to buy a token that mirrors the performance of an Apple share on the Nasdaq – APPLE.CX – at the same economic costs and benefits of
eVestment, a specialist in institutional investment data and analytics, and PitchBook, a data provider for the private and public equity markets, have formed a strategic partnership through which PitchBook’s private market fund performance data is now available in the eVestment Private Markets platform.
The partnership offers eVestment Private Markets users the ability to access PitchBook’s fund-level performance data for more than 6,700 private market funds and 3,100 firms within the eVestment Profiles module – a global database of private markets firms. Additionally, users can leverage PitchBook Benchmarks, the data provider’s stand-alone performance measurement product, in their research and quantitative assessments
ZEDRA, a specialist in trust, corporate and fund services has opened its third Swiss office, in Zug, to support its other Swiss businesses based in Zurich and Geneva.
ZEDRA says the three offices will work closely together, with company registration, accounting and legal services all eventually available from the new location.
ZEDRA’s Managing Director for Switzerland, Stuart McLuckie (pictured), says: “Our new Zug office will give us the additional means to support a range of specialist Swiss corporate business. It is therefore an important strategic step for us.”
Vadim Neumann, Managing Director of ZEDRA’s Zurich operations, adds: “Since
QuantHouse, an independent provider of systematic trading solutions including market data services, algo development tools and global network infrastructure has been selected by Quest Partners (Quest) to support the diverse needs of the firm’s automated traders.
Quest specialises in research-driven, multi-asset, quantitative trading and is known for trading complex, disciplined strategies leveraging volatility changes across a wide range of global exchanges. Their algorithmic traders connect to over 80 liquid markets including commodity, currency, equity index and fixed income venues. To meet the organisation’s need for high quality data and technology, Quest has chosen QuantHouse, a specialist in the quant space
Hedge fund investors are growing more concerned over slower economic growth in the year ahead, which could be prompting a noted shift toward global macro managed futures strategies, according to the results of a survey published today by BarclayHedge, now a division of Backstop Solutions, and Markov Processes International (MPI).
The BarclayHedge, MPI Hedge Fund Investor Survey collected responses from 116 institutional hedge fund investors and fund of hedge fund managers about their thoughts on how the broader economic environment would impact hedge fund investing in 2019. Responses were collected between 2 November and 27 November.
According to the
TA Associates, a global growth private equity firm, has completed an investment in LIST, a developer of software solutions for the financial industry.
Financial terms of the transaction have not been disclosed.
LIST is a provider of trading and compliance software solutions and infrastructural services to a wide range of financial institutions. The company’s trading and brokerage platform offering, FastTrade, supports operations in a multi-asset and multi-market environment with modules for pricing, quoting, hedging, position keeping, algorithmic trading and execution management in high and low-touch business environments. LIST’s capital markets, governance, risk and compliance solutions are used by more
