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The Mizuho-Eurekahedge Index (USD), an asset-weighted index representing the global hedge fund industry performance was down 0.39 per cent in December, bringing its year-to-date loss to 4.09 per cent amidst the global equity market sell-off.
Despite ending the year in the red, hedge fund managers recorded their best outperformance over the global equity markets since 2011, as they returned 7.70 per cent more than the MSCI ACWI IMI (USD) throughout 2018.
Historically, the Mizuho-Eurekahedge Index (USD) has outperformed underlying equity markets during periods of market distress, such as the years 2008 and 2011, during which the index outperformed global
GPP, a prime broking, investor services and wealth solutions firm, has hired James Parker for the position of Chief Risk Officer (CRO).
Parker will take on the newly-created role after over five years at Société Générale as European Head of Risk Management. His appointment is part of GPP’s strategic expansion of its senior leadership team and follows the recent hire of Todd Johnson as Chief Operating Officer (COO). 


Parker brings a wealth of experience to GPP from roles including Head of Clearing at JP Morgan and Executive Director of Valuations and Model Control Oversight at Lehman Brothers.


The
IHS Markit’s MarkitSERV and Cobalt are collaborating to accelerate the delivery of new post-trade processing services for foreign exchange (FX) markets.
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As part of its alliance with Cobalt, IHS Markit also made a strategic investment in the firm and will partner with Cobalt to sell and deliver the solution.
In working together, MarkitSERV and Cobalt will offer a shared post-trade infrastructure designed to replace legacy technology and manual processes, bringing increased efficiency and reduced operational risk to the FX market.
The alliance unites MarkitSERV’s global network of over 800 FX counterparties and venues with Cobalt’s advanced
Shelton Capital Management has acquired Cedar Ridge, effective 25 January 2019, and is now the investment advisor to the Cedar Ridge Unconstrained Credit Fund (CRUMX/CRUPX).
Cedar Ridge, founded in 2004, manages unique alternative investment products through a variety of credit-focussed, long/short and long-only portfolios. Consistent with Shelton Capital Management’s client base, Cedar Ridge has focussed on serving the distinct needs of high net worth individuals, RIAs, Institutional Investors and Family Offices.
“As an independent investment management firm, we are continuously seeking opportunities to strategically grow our business and enhance our investment services for the benefit of our investors,” says Steve
Bipsync, a research platform provider for investment management firms, has secured USD7 million in a growth investment round led by Edison Partners. FINTOP Capital also participated in the round.
Proceeds will be used to expand Bipsync’s global footprint and accelerate product innovation, customer success initiatives, and sales and marketing operations.
The funding builds on an exceptional growth period at Bipsync, which has seen three-times year-over-year growth in bookings, over 100 per cent net revenue retention and expansion into new client markets of Limited Partners and allocators. Bipsync’s global client roster now spans the entire investment management industry in asset
LiquidityBook, a leading Software-as-a-Service (SaaS)-based provider of buy- and sell-side trading solutions, has appointed Alexander Ponyrko as Principal Software Engineer.
With over a decade of experience as a technologist, Ponyrko, who reports directly to CTO Shawn Samuel, will be responsible for a range of development initiatives around the firm’s POEMS (portfolio, order and execution management system) platform. He will work closely with LiquidityBook’s client service organisation to help rapidly implement client-driven development priorities that SaaS-based platforms like LiquidityBook’s make possible. Ponyrko arrives at the firm at a time when an increasing number of fund managers are abandoning their legacy technology
Hedge fund redemptions picked up speed in November, falling short of September’s five-year high but outpacing October’s level, according to the Barclay Fund Flow Indicator, published by BarclayHedge, a division of Backstop Solutions.
The Barclay Fund Flow Indicator is a comprehensive monthly report tracking the health of the alternative investments industry.
Data from the nearly 6,000 funds included in the BarclayHedge database showed hedge fund investors worldwide (excluding CTAs) redeemed USD29.1 billion, 1.0 per cent of assets, in November. It was the third straight month of redemptions, and, while November redemptions fell short of September’s five-year high of USD39.1
London-based global macro and systematic trading investment manager DG Partners has appointed Tony Fenner-Leitao to head marketing and business development in relation to Systematic Strategies in North America. He will be based in San Francisco.
David Gorton, DG Partners’ Chief Investment Officer, says: “I am thrilled to be able to secure Tony’s services for the DG Partners group. Tony brings to the firm a wealth of highly relevant experience from his days at Winton Capital (where he was CEO) and latterly at Passport Capital. He will help to spearhead the growth of our business in the United States, capitalising on the
Citi and Eaton Vance Management have begun clearing FX Cash-Settled Forwards at CME Group with two Euro/US dollar trades cleared on 15 January 2019.
“CME Group is pleased to clear our first cash-settled forwards, which provide a new capital-efficient way for our customers to trade G10 foreign exchange,” says Sean Tully, CME Group Global Head of Financial and OTC Products. “This first cash-settled trade, combined with the recent increase in our Non-Deliverable Forward clearing volume in late 2018, allows us to work with our clients, clearing members and liquidity providers to help customers mitigate their risks through cleared solutions.”
Liquidnet, a global institutional investment network, reached a new record for volume traded in the Australian market in 2018. Local and international asset managers exchanged via Liquidnet a total of AUD11.8 billion in Australian Equities, up 20 per cent from the volume traded the previous year.
The strong block-trading activity on Liquidnet was pushed by an uptick in the use of algo trading solutions by Australian members, with an increased focus on improving execution quality following the introduction of MiFID II in January 2018.
Liquidnet Head of Australia, Kate Weidenhofer (pictured), says: “We’ve had great success in helping asset
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