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February’s spike in volatility caused nearly half (42.1 per cent) of investors to adjust their equity market outlook, according to the results of a survey published today by BarclayHedge and Markov Processes International (MPI).
The BarclayHedge, MPI Volatility Angst Survey collected responses from 164 investment professionals about their thoughts on equity markets, economic growth, and the use of managed futures to fend off stock market downturns.
In addition to concerns over increased volatility in the market – which saw its largest-ever one-day spike in the VIX indicator on 5 February, 2018 – respondents listed rising rates (30.7 per cent) and
Trading volume on LiquidX reached USD1.9 billion in the first quarter, as the company rapidly expanded its roster of corporations, assets, liquidity providers, and cross-border capabilities.
Trading volume was up 50 per cent year-over-year, while the number of transactions handled by LiquidX rose 88 per cent.
“Market participants are increasingly discovering the power of operating through a global network such as LiquidX, as they look to more efficiently connect and transact with multiple counterparties in one place,” says Glenn Kocher, who heads global sales at LiquidX. “Our platform empowers major corporations, banks, insurers, asset managers and hedge funds, and
The SS&C GlobeOp Forward Redemption Indicator for April 2018 measured 2.60 per cent, down from 2.91 per cent in March.
“SS&C GlobeOp’s Forward Redemption Indicator for April 2018 was 2.60 per cent, a small increase from the 2.41 per cent reported for the same period a year ago for April of 2017. Although slightly higher than last April, redemptions continue to trend in line with the historically low rates we’ve seen recently,” says Bill Stone (pictured), Chairman and Chief Executive Officer, SS&C Technologies. “Overall, asset retention for the hedge fund industry has remained strong in the face of market volatility.”
The SS&C
International law firm Dorsey & Whitney has appointed Martha F Coultrap (pictured), as a partner in the firm’s Corporate Group in New York.
Coultrap’s practice focuses on private investment funds and fund investors. She represents a variety of investors in alternative investments, including institutional investors and funds of funds. Her institutional clients include regulated financial institutions, public and private pension funds and foreign pension funds and private investors in domestic and offshore buy-out, growth, venture capital, hedge and special situations funds. She has also represented private and public companies in a variety of industries, including manufacturing, service, marketing and catalog
Investors redeemed an estimated net USD9.45 billion from hedge funds in March. Total Q1 asset flows remain positive at +USD14.33 billion, bringing overall industry AUM to USD3.32 trillion, according to the March 2018 eVestment Hedge Fund Asset Flows Report.
Among hedge fund types, Equity funds were big winners in March, with assets up USD3.95 billion for the month and USD10.43 billion for Q1. Multi-Asset funds were among the big losers for the month, with AUM falling USD10.55 billion in March.
Among primary strategies, Long/Short Equity funds were among the big winners in March, with AUM up +USD2.37 billion for
SuperFeed, a fully-managed market data feed designed and operated by trading and market access technology provider Vela, can now be accessed via the BT Radianz Cloud.
SuperFeed offers customers a single source for data feeds spanning 100 global venues including BME, Cboe, CME, CTA, Deutsche Börse, Euronext, Istanbul, LSE, Moscow, Nasdaq, NYSE, OPRA, Tel Aviv and many others. It is hosted by Vela and delivered as a managed service via the Radianz Cloud, meaning customers do not require investment in their own back-office infrastructure.
SuperFeed is fully compatible with Vela’s existing enterprise software which enables customers to design bespoke
Deutsche Bank’s liquid alternatives group has teamed up with Selwood Asset Management to launch a Market Neutral Credit strategy on Deutsche Bank’s UCITS platform.
The DB Platinum IV Selwood Market Neutral Credit UCITS launched on 13 April and has gathered at launch an AUM of USD300 million.
“With the alternatives UCITS industry maturing allocators need to have a diverse range of alternative strategies. The Selwood Market Neutral Credit UCITS fund is further proof of our commitment to our investors for orthogonal returns. We are pleased to be partnering with Sofiane and his team in delivering their expertise in UCITS,”
Three companies – international legal practice Allen & Overy, business information provider IHS Markit and SmartDX – have come together to launch Margin Xchange, a new product for the derivatives market.
Margin Xchange is an online platform that covers all stages of the mass repapering of derivatives contracts required to comply with Initial Margin (IM) regulations. It provides information reconciliation, document generation, negotiation and execution, case management and a full data export. It not only drives greater cost and time efficiency in the process for agreeing the documents, but also achieves the long-held goal of treating derivative documents as data, by using
Mosaic Smart Data and ESA Business Applications, the European Space Agency’s (ESA) commercial arm, are teaming up in a bid to improve the data analytics tools available to banks in the fixed income, currencies and commodities (FICC) markets.
Mosaic will explore the potential for applying machine-learning models developed and used by ESA in Space Systems to financial markets. Mosaic will also further develop and share the algorithms with ESA for its own use.
The project will focus on data models used to identify patterns and correlations that are used by ESA for investigating anomalies of deep space satellite missions.
Hedge fund capital increased in the first quarter of the year, rising to a seventh consecutive record as investors reduced equity market beta in favour of M&A-focused Event-Driven (ED) exposures and fixed income-based Relative Value Arbitrage (RVA) strategies.
Total hedge fund industry capital globally increased USD4.5 billion to a new record of USD3.215 trillion, according to the latest HFR Global Hedge Fund Industry Report.
Following inflows of nearly USD10 billion for 2017, Q1 2018 net inflows totalled USD1.1 billion, with the gain moderated by a concentrated capital outflow within Equity Hedge strategies. This was the fourth consecutive quarter of
