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Hedge fund investors seemed pretty happy overall with hedge fund performance during Q1 2018, as managers took advantage of the increased market volatility, and the opportunities that created, for many to outperform.
Performance became more difficult overall during Q2 and fund returns by and large lagged, says Cowen Prime Services in its latest market summary.
The average return in Cowen’s universe for Q2 was 1.84 per cent, bringing the average year-to-date return to 4.26 per cent. The median quartile in this group showed gains of 1.44 per cent and 3.04 per cent, respectively, QTD and YTD.
Returns in
Hedge Funds gained 0.54 per cent in July according to the Barclay Hedge Fund Index compiled by BarclayHedge, versus a 3.72 per cent increase in the S&P 500 Total Return Index.
Year to date, the Barclay Index is up 1.04 per cent, while the S&P has gained 6.47 per cent.
“In spite of July’s rise in global equities, hedge fund performance was mixed,” says Sol Waksman, founder and president of BarclayHedge.
Twelve of Barclay’s 17 hedge fund indices gained ground in July, while five had losses. The Healthcare & Biotechnology Index was up 1.83 per cent, Equity Long Bias scored
Euronext has acquired approximately 8 per cent of additional interest in FastMatch, a global FX spot market operator, operating as a Euronext company since August 2017.
In combination with the stake in the Company that Euronext acquired in August 2017, Euronext now owns an approximate 97.3 per cent interest in FastMatch.
The additional interest was acquired by purchasing the remaining shares owned by Dmitri Galinov, co-founding CEO of FastMatch, for USD.001 per share, following his termination for cause by FastMatch. The shares were purchased pursuant to the agreement signed at the time of the acquisition of the Company.
Fund administrator Apex Group (Apex) and Genstar Capital have jointly acquired Custom House, a global hedge fund administrator delivering services to alternative investment managers across Europe, Asia and the Americas.
The acquisition adds a further USD24 billion in assets under administration to the Group’s portfolio and is a strong strategic and cultural fit given its independent business model and focus on delivering a personal approach customer service. The addition of the Custom House business bolsters Apex’s existing hedge fund service arm. With offices in Beijing, Chicago, Dublin, Geneva, Hong Kong, Malta, Rotterdam, Shanghai, Shenzhen, Singapore, Sofia, and Sydney, Custom House
BlockTower Capital co-founder Ari Paul (pictured), has been appointed to the advisory board of Caspian, an institutional-grade crypto trading platform.
Caspian now connects to more than 25 exchanges and has 12 funds on its beta platform, with eight more clients expected later this month. The company will also be adding its first Over The Counter (OTC) desk as a destination later this month.
Caspian has also announced that it is allowing for a defined composite order book that aggregates and displays liquidity from more than 20 exchanges with the ability to trade against it using the Caspian Smart Order
The gross return of the SS&C GlobeOp Hedge Fund Performance Index for July 2018 measured 0.97 per cent.
Hedge fund flows as measured by the SS&C GlobeOp Capital Movement Index, meanwhile, advanced 0.24 per cent in August.
“SS&C GlobeOp’s Capital Movement Index for August 2018 gained 0.24 per cent, reflecting positive net inflows. This gain was slightly better than the 0.23 per cent gain reported for the same period a year ago for August 2017,” says Bill Stone (pictured), Chairman and Chief Executive Officer, SS&C Technologies. “Together with other recent data points, the Capital Movement Index indicates that the hedge fund sector continues to benefit
Hedge funds returned an average of +0.59 per cent in July, and are +0.79 per cent through the first seven months of 2018, according to eVestment’s latest Hedge Fund Industry Performance Report.
Pockets of good performance though, are still being overshadowed at the aggregate level by underperformance from macro and managed futures products.
Nearly 63 per cent of reporting products produced gains in July, yet eight of the ten largest products declined in the same month.
Quant equity strategies rebounded in July returning +2.25 per cent for the month and turning back positive for the year from -1.27
Gavin White, Chief Executive Officer of Invast Global, has been promoted to Global Head of Strategic Relationships for the Invast Group.
Invast Global provides multi-asset prime services, liquidity and execution services to hedge funds, asset managers, brokerages and HFT firms globally. Since White took over as CEO of Invast Global in 2014, the company has gained acclaim across the industry, including numerous awards and testimonials.
President and CEO of Invast Securities, Takeshi Kawaji, is enthusiastic in his support for the Invast Global team.
“Gavin, Jon Leung (COO), James Alexander (CCO) and Nicholas Briscoe have built a team and infrastructure which is the
The world is changing at a faster pace than ever before. The way we live, work, travel, and even communicate with each other, has, it could be argued, become underpinned by digitalisation.
Technology innovation is leading to people living longer, pushing the global population ever higher. This has long-term consequences for social spaces and how we design cities, not to mention how we design, operate and monitor individual buildings.
Consider the five megatrends impacting the way we live illustrated in the diagram. Global climate change, demographic change and digital transformation are significant forces that real estate owners cannot afford to
GAM Investments has announced that all subscriptions and redemptions in its CHF7.3 billion unconstrained/absolute return bond funds (ARBF) have been suspended as of 31 July 2018, following redemption requests of over 10 per cent since the suspension of investment director Tim Haywood (pictured).
The high level of requests led to the firm using its ‘redemption gates’ – devices designed to prevent a fund’s collapse during a stress event, more usually caused by extreme market conditions.
The firm writes that although the funds have the necessary liquidity to serve these requests, the redemptions would lead to a disproportional shift in their
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