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Olga Chernova, is founder and CIO of Sancus Capital, a long short credit manager and one of the leading female figures in the credit space. Raised in the former Soviet Union, she moved to the United States when she was 16 and had a distinguished career at Goldman Sachs and JP Morgan trading credit derivatives before founding Sancus in 2009.
Chernova says: “We are a credit fund focused on arbitraging inefficiencies in the credit markets using derivatives and structured products.”
The fund has USD150 million under management from insurance companies, a fund of funds and family offices. It has annualised
New Switzerland-based index provider LIMEYARD has launched its Crypto Asset Index, together with Decentriq, a FinTech enabling financial institution, to benefit from distributed ledger technology based in the Swiss crypto valley.
LIMEYARD writes that the LIMEYARD Crypto Asset Index (LYCAI) has been designed to represent the cryptocurrency market while addressing regulatory and compliance related concerns.
The Index has been licensed to be used as benchmark for the Blockchain Technologies Note (DE000A19VT92), listed on the Frankfurt Stock Exchange. It is available for licensing by other financial products.
Stefan Deml, Founder and CTO of Decentriq, says: “We’re delighted to join forces with
Specialist fixed income manager, BlueBay Asset Management (BlueBay), has appointed Sid Chhabra to the newly created role of Head of Structured Credit and CLOs.
Based in London, Chhabra will report to Mark Dowding and Stephen Thariyan, Co-Heads of Developed Markets, and will lead the initiative to establish and manage a new range of BlueBay global structured credit and ABS strategies.
This new capability will be utilised in existing multi asset credit portfolios, as well as in new, innovative stand-alone traditional and alternative strategies. Launches are expected to commence towards the end of the year and in 2019.
Erich
JPMorgan Chase Bank is to pay a USD65 million to settle CFTC charges that it attempted to manipulate of the ISDAFIX benchmark.
A CFTC Order found that over a five-year period, beginning in at least January 2007 and continuing until January 2012 (the Relevant Period), JPMC made false reports and attempted to manipulate the US Dollar International Swaps and Derivatives Association Fix (USD ISDAFIX), a leading global benchmark referenced in a range of interest rate products, to benefit its derivatives positions, including positions involving cash-settled options on interest rate swaps.
James McDonald, CFTC Director of Enforcement, says: “This matter
Saxo Bank, a fintech specialist focused on multi-asset trading and investing, has added China A-shares to its global multi-asset offering.
Saxo Bank clients are able to trade A-shares listed on the Shanghai and Shenzhen stock exchanges. Access will be enabled via the Hong Kong Stock Connect link, a collaboration between the Hong Kong, Shanghai and Shenzhen Stock Exchanges, which allows international and Mainland Chinese investors to trade securities in each other’s markets. The offering will be available in all Saxo Bank’s markets, apart from the UK and Japan, which will see a roll out at a later stage.
Chinese
CoInvestor, a platform that digitises alternative asset transactions for advisers, fund managers, and private investors, has integrated its technology with financial advice back-office software supplier Intelliflo’s ‘Intelligent Office’ (iO), to deliver an upgraded service to customers.
CoInvestor is now available to iO users via Intelliflo’s app store and for the first time allows financial advisers using Intelligent Office to allocate and manage their clients tax-efficient investments within their existing back office. The CoInvestor integration will help to deliver and receive updates directly from fund managers, such as dividends, valuation updates and exits.
Since its inception in 2004, Intelliflo has
Hedge fund investors turned cautious in April 2018, according to the Barclay Fund Flow Indicator, even as the equities markets rebounded and volatility began to calm down. Industry assets levelled off 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) redeemed USD1.9 billion (0.1 per cent of assets) in April, the first net outflow of 2018 and a turnabout from inflows of USD6.1 billion (0.2 per cent of assets) in March. Industry assets climbed 3.3 per cent year-to-date and surged 22.5 per
Leading financial risk management consultancy, JCRA, has appointed two senior FX advisory specialists, Chris Towner and Andrew Scott, who will be joining the business in June and July respectively.
Towner (Director) and Scott (Associate Director) are moving from HiFX and have a collective 40 years’ experience in providing specialist FX advice to funds, corporates and private equity clients, and are aiming to bring many of these to JCRA with them.
As financial product providers withdraw from presenting themselves as giving advice, clients who need input and best practice guidance on their FX exposure management, increasingly turn to independent advisors.
Hedge funds delivered positive performances last week, with CTAs outperforming, according to the latest Weekly Brief from Lyxor’s Cross Asset Research team.
A stronger USD v major currencies, rising equities, in Europe especially, and the fall of German Bund yields boosted CTAs’ returns last week. The slide of energy prices shaved off part of the gains. The other strategies were overall flat.
On a year-to-date basis, Fixed Income Arbitrage and L/S Equity outperformed. Event Driven rebounded in Q2 on the back of tighter deal spreads that fostered Merger Arb’s performances. CTAs faced challenges in May due to trend reversals.
Marto Capital is to offer its liquid macro strategy through Kettera Strategies’ Hydra, a managed account marketplace for macro, commodities, and liquid equity hedge fund strategies.
Marto was founded by Katina Stefanova, Chief Executive Officer and Chief Investment Officer, together with a group of senior executives, many of whom worked together at Bridgewater Associates. Marto’s “Liquid Macro” program is a quantitative, fundamental-based global macro strategy driven by asset class and country-specific bottom-up models allocating risk across foreign exchange, interest rates, equities, and commodities.
Kettera’s Hydra marketplace is a global platform giving investors access to established and emerging alternative asset managers
