Latest News
Redemptions from hedge funds hit a 20-month high in June, according to the Barclay Fund Flow Indicator, as the financial markets weighed the risks of trade disputes and rising interest rates. Hedge fund industry assets remained at an all-time high of USD3.0 trillion.
Data drawn from more than 5,000 hedge funds in the BarclayHedge database estimated that the hedge fund industry (excluding CTAs) gave up USD8.9 billion (-0.3 per cent of assets) in June, reversing inflows of USD4.0 billion (0.1 per cent of assets) the month before. June marked the largest outflow since October 2016, according to the Barclay Fund
TransFICC, a specialist provider of low-latency connectivity for Fixed Income and Derivatives Markets, has secured a strategic investment from Citi.
Citi joins existing shareholders, Illuminate Financial, Main Incubator (part of Commerzbank) and The FinLab.
TransFICC resolves the issue of market fragmentation by providing banks and asset managers with a unified low-latency, robust and scalable API. TransFICC enables financial institutions to access their required eTrading venues, while streamlining technology requirements and reducing operational costs.
In addition, TransFICC has joined Citi’s Innovation Lab in London, the first external company to do so. Launched in February 2018, the London Innovation Lab
Link Asset Services, part of Link Group, a provider of financial administration services, has made a strategic investment in Leveris Limited (Leveris).
Leveris is a financial technology company headquartered in Ireland with core expertise in banking and financial services. Leveris has developed a next-generation, modular, end-to-end banking platform that facilitates lending, deposit taking, card issuance and digital channel design. Its open architecture enables seamless integration with third parties through a combination of functionality, creating unique solutions for clients.
Strategically for Link Group, the Leveris platform will provide a modern and easily adaptable platform to expand the addressable market of
Quantitative asset management company WorldQuant, in partnership with global online learning company Udacity, has launched a new Artificial Intelligence for Trading Nanodegree program.
Students enrolled in the programme will analyse real data and build financial models by learning the basics of quantitative trading, as well as how to analyse alternative data and use machine learning to generate trading signals.
Udacity and WorldQuant have collaborated with top industry professionals with prior experience at leading financial institutions to ensure students are exposed to the latest AI applications in trading and quantitative finance. By learning from industry experts, students will advance their
BlackRock has expanded its Global Bond Product Suite with the launch of the BlackRock Global Funds (BGF) Global Bond Income Fund (the Fund).
The Fund forms part of the firm’s Multi-Sector Fixed Income platform, which includes aggregate, government, corporate and flexible bond strategies. The Fund aims to deliver an attractive level of current income by investing across global fixed income markets in a diversified and risk-aware fashion and seeks to achieve growth by capturing strong performance across the credit cycle.
The Fund is managed by Rick Rieder (pictured), BlackRock’s Chief Investment Officer of Global Fixed Income, in
Jim Wright, manager of the LF Miton Global Infrastructure Income Fund, explains why an improving environment for Canadian energy stocks has prompted him to increase allocation from 15.2 per cent at the end of March 2018 to 17.4 per cent…
After a period of stagnation, we see significant value opportunities emerging in the Canadian infrastructure sector.
We expect strong growth in oil and gas production over the coming years, based on abundant resources and more effective and efficient extraction. Demand for oil and gas for domestic consumption, from the USA and, increasingly, for overseas export, is likely to continue
When it comes to technology adoption and innovation, compared to other industries financial services is merely scratching the surface. Dipping its toe in. Engaging in proofs of concept but rarely integrating new solutions across multiple geographies.
Yewno, a provider of Artificial Intelligence solutions in the financial sector, has partnered with STOXX to launch the iSTOXX Yewno Developed Markets Blockchain Index.
This is the second index based on Yewno’s unique algorithm launched by STOXX, following the STOXX AI Global Artificial Intelligence Index introduced January this year. This new Index leverages Yewno’s intelligent framework and extracts a portfolio of companies from a wide range of industries that are highly exposed in the development of technologies related to blockchain. These companies are therefore considered to be well-positioned to benefit from the increased adoption of blockchain.
The iSTOXX Yewno
Exchange Data International (EDI), a provider of global security corporate actions, pricing and reference data, has partnered with Crux, a data engineering and information supply chain operator.
Crux is making data delightful, transforming the information supply chain by helping businesses connect with the data they need, when and how they need it. Their cloud-based technology solution connects data suppliers with customers – data users.
Jonathan Bloch (pictured), CEO of EDI, says: “We see the increasing importance of intermediary platforms which link consumers to manufacturers of data. Crux enables us to reach a market with which we normally do not interact namely buy
JonesTrading Institutional Services (JonesTrading) has appointed Cabot Henderson as Risk Arbitrage Market Strategist. JonesTrading says Henderson adds to its capabilities as block trading firm in risk arbitrage and event driven trading situations.
Henderson has over a decade of experience in portfolio management, trading, and analysis in risk and event driven situations. Prior to joining JonesTrading, he was Founder and Portfolio Manager at Center Hill Capital. He has served as Senior Analyst at Hudson Bay Capital and was an Analyst and Trader at C12 Capital. He has also worked in Equity Derivatives and Global Markets at Barclays Capital and Merrill Lynch,
