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Prytania Asset Management has appointed Fahd Basir (pictured), as a Managing Director. Basir’s broad structured credit experience over 14 years includes both agent and principal transactions across the capital structure over a wide variety of asset classes.
He will be based in Prytania’s newly opened New York City office.
Previously, Basir was a Director at 25 Capital Partners, where he was instrumental in launching a closed-end mortgage opportunities fund. Before that he was a Senior Vice President at Atlantic Asset Management and portfolio manager for its TALF Fund, where he managed a USD1.1 billion ABS portfolio. Prior to moving
Fulcrum Asset Management (Fulcrum) has appointed Barry McCaldin as Director of Systematic Sales. This new role will support the growth of Fulcrum’s systematic strategies business, which currently has assets in excess of USD2 billion.
Barry joins from Winton, the USD30 billion global investment management and data science company where he had senior client facing roles. Prior to this he was a partner at the Illinois-based systematic global macro fund, Metolius Capital and head of sales and trading for the prime brokerage group at Newedge (Societe Generale).
Matthew Wright, Director at Fulcrum Asset Management, says: “We are delighted that someone
European Energy Exchange (EEX) and IncubEX have expanded their partnership into North America via EEX Group’s US-based platform Nodal Exchange.
The global cooperation agreement between EEX and IncubEx, which started in August 2017, aims to build and improve liquidity in environmental and other contracts globally.
IncubEx will work with Nodal Exchange and Nodal Clear to launch a broad suite of North American environmental contracts in the second half of 2018. These contracts will be listed and cleared alongside Nodal’s existing portfolio of energy products.
Nodal has established itself as a leader in innovation, offering over one thousand
BITREAL Capital has been granted marketing authorisation and registration by the German Federal Financial Supervisory Authority (BaFin) for the BITREAL Real Estate Blockchain Opportunities Fund 1 GmbH & Co KG (BREBCO 1).
Set up as a Spezial AIF, BREBCO1 is aiming for an equity volume of EUR40 million.
BREBCO1 provides professional, officially registered investments in cryptocurrencies and blockchain technology-based coins and tokens. Semi-professional investors, starting from a minimum EUR500,000 investment volume, and professional investors can now invest into the fund.
BREBCO1 aims to invest in blockchain technologies through established tokens, coins and virtual currencies (cryptocurrencies) as well as
All strategies performed well this week with CTAs taking the lead, supported by their short dollar positions and long energy positions, according to the latest Weekly Brief from Lyxor’s Cross Asset Research team.
The diversified L/S Equity and Special Situations funds also shined, mainly boosted by their long bias.
Lyxor writes: “Since the February correction, alpha conditions, which were great, normalised. The worldwide re-correlation of stocks is persisting as investors focus on trade concerns, geopolitics, peaking economic trends and the implication from politics on the pace of reforms in Europe and Japan. In that context, companies’ fundamentals are less
Mike Amey, PIMCO’s head of sterling portfolio management and ESG strategies on the challenges facing the Bank of England…
The Bank of England has had to navigate a difficult set of circumstances in its attempts to raise interest rates. As far back as 2014, Governor Mark Carney suggested that rate rises could come “sooner than markets currently expect,” only for those aspirations to be dashed. Indeed, the next move in interest rates turned out to be a rate cut, in the aftermath of the June 2016 Brexit vote.
Then, after a carefully choreographed set of speeches indicating the time had finally
FlexTrade has launched FlexNOW, an out-of-the-box, broker neutral EMS to address the needs of hedge funds and mini-primes requiring a streamlined, multi-asset trading system at the click of a button.
Designed to handle trading for equities, futures and options, FlexNOW is MiFID II compliant; provides connectivity to leading market data providers; easily integrates with any order management system (OMS) via FIX and API; and comes with its own built-in transaction cost analysis functionality.
According to Rhyd Lewis (pictured), FlexNOW Product Manager at FlexTrade UK, FlexNOW’s zero-touch onboarding and installation process gets clients up and running in a matter of
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
