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Hedge fund returns were positive, led by CTAs, during the last week, mainly thanks to their long energy and bond positions, according to the latest Weekly Brief from Lyxor’s Cross Asset Research team.
Merger funds also benefitted from a rapid spread tightening across most large deals.
By contrast, L/S Equity funds did not benefit from the bounce. They had limited exposures to momentum and energy stocks, two key drivers this week. The earnings season, which sanctioned disappointments more than it rewarded upside surprise did not help either. Special Situations also lagged.
Since mid-April the turn in dollar and
By Don Steinbrugge (pictured), Agecroft Partners – With more 15,000 competitors, the hedge fund industry is extremely competitive. Many institutional investors are contacted by thousands of managers a year, meeting with a few hundred, have follow up meetings with fifty, and ultimately allocating to two. In this competitive environment, any edge over the competition is vital. Having a well thought-out social media strategy is one way to achieve this.
During the past five years, the use of social media has significantly increased within the hedge fund industry. Today, a vast majority of firms have at least some presence on social
StatPro Group, an AIM-listed provider of cloud-based portfolio analytics and asset pricing services for the global asset management industry, has signed a multi-year cloud conversion and extension contract from StatPro Seven to StatPro Revolution with a top 10 global fund administrator, which has over USD1.5 trillion funds under administration.
The contract, worth at least USD500,000 per annum, is aligned with the Group’s strategy to target global fund administrators, partnering to build state of the art technology platforms to provide improved services to the asset management industry.
Fund administrators are increasingly required to provide a wide range of complex
Quaero Capital has moved to new offices in London’s West End following its recent merger with Asian fund management specialist Tiburon Partners.
The firm’s decision is based on the expansion of Quaero following the deal with Tiburon whose staff have moved to the new office in King Street. They have been joined by the existing London based Quaero staff who, until recently, like the Tiburon staff, had offices close to the new location. The enlarged entity is already trading under the Quaero Capital brand.
The new office underpins Quaero’s commitment to the UK with a newly created single business
London Block Exchange (LBX) – a UK-based, dedicated cryptocurrency exchange – is to add a new coin a day to its offering this week – Basic Attention Token (BAT), STATUS (SNT), Golem (GNT), OmiseGo (OMG) and 0x (ZRX).
OMG – an Ethereum-based token owned by renowned Asian payments service Omise – has experienced strong growth in just under a year and has Vitalik Buterin as an advisor, while BAT is co-owned by the CEO of Mozilla and the creator of JavaScript.
Taking its total number of digital currencies to 11, with hints for more in the near future,
The SG CTA Index posted a slightly positive return of 0.08 per cent in April as market conditions improved but remained uncertain.
Trend followers slightly outperformed other strategies, ending up 0.41 per cent, and short-term strategies also delivered positive performance as the Short-Term Traders Index was up 0.20 per cent.
According to the SG Trend Indicator, the performance of trend followers was driven by the energy complex, bonds, currencies, and equity indices. Whilst the upward trend in energy markets continued and contributed 1.37 per cent to the portfolio, the US bond markets also continued their downward trend. The US
Carey Olsen’s investment funds team in Jersey has advised CoinShares Group on the successful first close of CoinShares Fund II.
The new investment vehicle follows the June 2017 launch of CoinShares Fund I, the first fund ever to be denominated in Ethereum. Like its predecessor, the closed-ended fund will invest in a range of opportunities in the blockchain space, among them – newly created digital assets, emerging from Initial Coin Offerings (ICOs).
The fund has been authorised under the Jersey Private Fund Regime, a regime which provides for a streamlined regulatory authorisation process as it is a selective offering
The gross return of the SS&C GlobeOp Hedge Fund Performance Index for April 2018 measured 0.16 per cent. Hedge fund flows as measured by the SS&C GlobeOp Capital Movement Index meanwhile, advanced 0.46 per cent in May.
“SS&C GlobeOp’s Capital Movement Index showed a gain of 0.46 per cent for May 2018, identical to the gain reported for same period a year ago for May 2017. Both May and year-to-date capital movements have been remarkably consistent with last year’s very favourable results,” says Bill Stone (pictured), Chairman and Chief Executive Officer, SS&C Technologies. “We believe this demonstrates investor confidence in
Cayman Island’s based Paget-Brown Trust Company has implemented FundCount software to support its expanding fund administration business.
Paget-Brown is using FundCount for the accounting and reporting of its investment fund clients. Automated processes for calculation of net asset value (NAV), general ledger reporting, fees and other financial data enable Paget-Brown to manage investments with greater speed, accuracy and efficiency.
FundCount replaced a time-consuming manual operation that was a hindrance to growth. By integrating all accounting, general ledger functionality and reporting on a single platform, Paget-Brown has realised significant improvements in workflow allowing the team to shorten delivery timelines for clients
Crypto Facilities, a world-leading cryptocurrency trading platform, has launched futures for Ethereum. The new derivatives contract will start trading at 4pm UK time on 11 May.
The first Ethereum futures to be offered by a regulated firm, the products will enable market participants to take a long or short position in the cryptocurrency, allowing them to broaden investment opportunities and manage risks more effectively.
The new contract expands Crypto Facilities’ derivatives offering which currently includes Bitcoin and Ripple futures. Crypto Facilities is a world-leading cryptocurrency trading platform for professionals, offering individuals and institutions regulated, transparent and secure trading 24/7/365.
