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Hedge funds gained 0.42 per cent in August according to the Barclay Hedge Fund Index compiled by BarclayHedge, versus a 3.26 per cent increase in the S&P 500 Total Return Index.
Year to date, the Barclay Hedge Fund Index is up 1.55 per cent, while the S&P has gained 9.94 per cent.
“New all-time highs for the S&P 500 and Nasdaq coupled with a rally in US Treasuries helped set the stage for another profitable month for hedge funds,” says Sol Waksman, founder and president of BarclayHedge.
Overall, 15 of Barclay’s 17 hedge fund indices gained
AcadiaSoft, a provider of margin automation solutions worldwide, is offering two new services to streamline the generation of inputs necessary for margin calculations using ISDA SIMM.
Market participants that are in-scope for the calculation of initial margin for uncleared derivatives can access risk sensitivities calculation services both through AcadiaSoft and through Bloomberg as an integrated part of their Bloomberg workflow.
The AcadiaSoft solution allows firms to take advantage of an automated process that begins with the submission of a trade file, incorporates a straight-through process on the AcadiaSoft Hub including AcadiaSoft’s Initial Margin Exposure Manager (IMEM) service, and
Beekeeper, a communication and operations platform for frontline workers, has raised an additional USD13 million as a part of its Series A extension round.
Atomico and Keen Venture Partners led the round with a diverse group of strategic investors including Samsung NEXT, Edenred Capital Partners (ECP), and Swiss Post who have joined Beekeeper’s mission to connect the nearly two billion non-desk workers who have been forgotten when it comes to digitalisation within companies. All existing key investors, including FYRFLY Venture Partners and investiere.ch, also participated in the round.
Aligning employees without email addresses or corporate devices with the entire
Ibis Capital, profiled in AlphaQ, a specialist education technology alternative investment manager, is to launch the world’s first education technology special purpose acquisition company, or SPAC.
The new company will be called EdTechX Holdings and will list on Nasdaq, according to a regulatory filing.
ExTechX Holdings intends to build a next generation education platform through the targeted acquisition, consolidation and development of established education, training and education technology businesses that are early adopters of technology and led by proven management teams.
IBIS Capital and Azimut Enterprises, a European independent asset management company with over USD61 billion of assets
DDH Graham Limited is now live with Fund Recs’ cash and position reconciliation modules. DDH, Fund Recs’ first Australian client, offers tailored and flexible funds management and administration solutions to the financial services sector.
Fund Recs Cash & Position Rec modules, part of the Velocity platform, ensure all open positions and cash balances held are auto-reconciled back to the custodian/broker. Delivered as a fully hosted Software as a Service solution, Fund Recs provides live in app support to help meet daily deadlines in the fast-moving investment management world.
Alan Meaney, CEO of Fund Recs, says: “We are delighted to
QuantHouse, an independent global provider of end-to-end systematic trading solutions including innovative market data services, algo trading platform and infrastructure solutions, is to provide optimised direct access to Cboe market data via its QuantFEED and QuantLINK services.
With this new service, QuantHouse now provides clients access to all asset classes traded by Cboe from all QuantHouse data centres via a single API. This ensures connectivity to the exchange is optimised, and reduces the cost of trading for QuantHouse clients. The US-based QuantFEED Cboe low-latency market data feeds, including options, futures, equity options, global equities and FX, are delivered to clients
On the 10-year anniversary of the Lehman Brothers collapse, Jens Hagendorff, Professor of Finance at the University of Edinburgh Business School, explains why low levels of bank capital mean the financial system is still vulnerable…
The Lehman bankruptcy almost sent the global financial system into meltdown and 10 years on, it remains vulnerable. Increasing bond spreads in Italy, jitters in emerging markets, and the low market valuations of European banks show today’s investors are nervous.
Equity capital is the most effective absorber of bank losses. Since the Lehman collapse and the crisis that followed, many banks have increased their equity
The Wilshire Liquid Alternative Index, which provides a representative baseline for how the broad liquid alternative investment category performs, returned 0.17 per cent in August, underperforming the 0.45 per cent monthly return of the HFRX Global Hedge Fund Index.
The Wilshire Liquid Alternative Index family is a joint offering between Wilshire Funds Management, the global investment management business unit of Wilshire Associates Incorporated, and Wilshire Analytics, creator of the Wilshire 5000 Total Market Index.
“Markets posted mixed performance in August as investors favoured US markets, while emerging markets experienced another challenging month,” says Jason Schwarz (pictured), President of Wilshire
European open architecture funds platform Allfunds Bank, has appointed Sebastián Ochagavía as the new Country Head of Chile, with additional responsibility for the company’s business in Uruguay and Argentina.
Ochagavía (pictured), will be responsible for heading up the Allfunds sales efforts in Chile, Argentina and Uruguay and will report directly to Laura Gonzalez, Head of LatAm and Iberia.
Previously Ochagavía was Deputy Head of Institutional Clients at Compass Group where he was in charge of the distribution of third-party products (mutual funds, ETFs and alternatives strategies) to institutional clients in Chile including Pension Funds, Insurance Companies and Local Mutual Funds
LCJ Investments is to offer its discretionary-driven FX strategy on Hydra, Ketera Strategies’ managed account marketplace for macro, commodities and liquid equity hedge fund strategies.
LCJ’s Macro Strategy is a discretionary, fundamentals-based, global macro program that expresses its views through the global currency markets. LCJ was founded in Geneva, Switzerland in August 2007 by Conor MacManus, Jonathan Tullett, and Leonora Kerry Keane, and the strategy began trading in September of that year.
Prior to forming the firm, LCJ’s founders had spent the bulk of their careers in senior positions at various leading institutional organisations, including Anglo Irish Bank, Danske
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