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Following a bright start to the year in January and challenging February, all CTA indices finished slightly in negative territory for March, according to the latest performance data for Societe Generale Prime Services’s SG CTA indices.
Overall, performance was mixed, with seven out of 20 CTA index constituents finishing with positive results; including some trend-followers, non-trend, and short-term strategies.
The Short-Term Traders Index was the only index to remain in positive territory for the year to date, and is now up 0.50 per cent.
The SG Trend Index outperformed the Trend Indicator in March by approximately 2.60 per
Eurekahedge reports that hedge funds registered their second consecutive month of losses since the start of 2018, with the Eurekahedge Hedge Fund Index declining 0.51 per cent in March, while still outperforming the MSCI World Index which ended the month down 2.21 per cent.
The firm writes that the average return of global hedge funds was pulled into negative territory in March as choppy trading conditions across commodities, and weaker global equity performance continued to affect the trading scene.
March was marked by investors’ concerns over the US and China trade war which made headlines throughout the month and
A survey of US RIAs by PPB Capital Partners has found that while firms are encouraged to provide customised alternative investment solutions for high net-worth clients, such funds prove unwieldy and expensive to operate.
Among respondents, 62 per cent described operating private illiquid funds in their wealth management practice as moderately difficult, while 33 per cent described the funds as highly challenging to administer. Five per cent reported alternative assets easy to manage.
Respondents pointed to several operational areas that presented challenges including paperwork processing, reporting, compliance and complex tax issues. Others identified the time required to complete diligence
StatPro Group, an AIM-listed provider of cloud-based portfolio analytics and asset pricing services for the global asset management industry, has migrated a key StatPro Revolution portfolio analytics engine to the Microsoft Azure Data Lake Analytics platform.
StatPro Revolution’s cloud processor engine was already leveraging the Microsoft Azure cloud platform using an HDInsight server cluster. In order to harness the power and elasticity of the cloud better, and to offload big data analysis and storage further from the core Revolution system to server-less cloud computing, StatPro has selected the Azure Data Lake Analytics service.
Microsoft Azure Data Lake Analytics offers
Baymarkets Technology (Baymarkets), a Nordic provider of FinTech solutions, has separated its current business into two independent companies, Reg&Tech Solutions AB (Reg&Tech) and Baymarkets AS.
Reg&Tech Solutions AB is a new company created by three of the previous founders of Baymarkets and Reg&Tech’s CEO, Per Andersson. Reg&Tech delivers the latest in Big Data automation, addressing the regulatory challenges facing financial institutions around the globe.
Baymarkets will continue to provide FinTech solutions to marketplaces and clearing houses, based on the Clara clearing platform, and will be led by Tore Klevenberg (pictured), as CEO, and Peter Fredriksson as Chairman.
“The
The rebound in equity markets supported hedge funds last week, with strategies with elevated beta such as such as Special Situations and L/S Equity, outperforming, according to the latest Weekly Brief from Lyxor’s Cross Asset Research team.
Market Neutral rebounded due to the slight rebound in momentum and quality stocks.
By contrast, CTAs underperformed. The slide in energy prices and the depreciation of the EUR and JPY vs. USD were the main headwinds to trend followers. However, their long but moderate positions on equities managed to alleviate part of the losses.
Market players continued to pump money into
By Samer Ojjeh, Principal at EY – Technology continues to be a major driver of change within the hedge fund industry, with a marked effect on hiring practices. Managers are realising that to survive in today’s highly competitive and innovative environment, they need to look beyond the traditional talent pool of portfolio managers, analysts and quantitative or algorithmic fund managers that have built the foundation for decades.
Managers want and need talent in every function and at every level that embraces and understands digital technology. Not just programmers in the back office – yes, those too – but across the spectrum
The Alternative Investment Management Association (AIMA), the global representative of alternative asset managers, has published a position paper entitled ‘Brexit and Alternative Asset Managers: Managing the Impact’.
The paper offers a detailed assessment of what will need to be addressed during the transition period that has recently been agreed between the UK and the EU. AIMA believes that addressing these points will minimise disruption for UK fund managers and EU investors when the UK leaves the EU.
The analysis is based on the assumption that the UK will leave the EU’s single market and that many existing cross-border provisions
Argentex, an FCA regulated provider of foreign exchange services to corporate and private clients across EMEA, has been ranked the world’s most accurate forecaster of GBP/USD and EUR/USD currency pairs by Bloomberg.
The rankings have placed Argentex as the most accurate forecaster of EUR/USD – the world’s most traded market – for three consecutive quarters, underpinning the exceptional level of accuracy and speed of execution and expertise of its specialist team.
Argentex transacted more than USD10 billion of currency in 2017 for corporate and private clients globally.
Bloomberg’s rigorous methodology ranks FX forecasters based on three criteria: margin
Fidante Capital, the international capital markets business of Fidante Partners, has appointed John Armstrong-Denby as Head of Corporate Finance in its London office.
Armstrong-Denby has over 18 years’ experience advising and investing in listed investment funds. Most recently, Armstrong-Denby was a Managing Director in the corporate finance division of Edmond de Rothschild, where he actively advised a range of clients on strategies to grow AUM in listed and unlisted fund offerings, while also providing proactive strategic advice to fund boards. Armstrong-Denby has previously held similar senior positions with ING Bank, Intelli Corporate Finance and ABN AMRO Hoare Govett. Armstrong-Denby started
