Latest News
In the current market environment, hedge fund allocators face a bit of a Catch 22. With markets continuing to move north – the S&P 500 was up 19.8% during 2017 (as of 28 December) – there is a strong argument to invest in long-only passive products. Even if investors, worried about a market correction, increase their exposure to hedge funds, how do they determine the extent to which a manager’s performance is alpha-driven as opposed to beta-driven?
“We did some research that looked into this a number of months ago, which at that time suggested that in the aggregate, fund performance
Prime brokerage divisions are focused on the task at hand of maximising their revenues at a time when the largest bank-owned operators face stiff competition from specialised, boutique primes, keen to offer clients a more inclusive, high-touch service.
The more diverse one’s revenue streams, the better. The days of taking in as many hedge funds as possible, on the assumption that trade revenues and commissions would boost a bank’s coffers, are long gone. This myopic approach, without fully understanding the total book of business a hedge fund might be doing beyond merely the equities desk, feels oddly out of place
Intercontinental Exchange (ICE) and Blockstream, a specialist in blockchain technologies and financial cryptography, have launched the Cryptocurrency Data Feed offering real-time cryptocurrency information and will initially include data from more than 15 cryptocurrency exchange venues globally.
The exclusive agreement between ICE Data Services and Blockstream offers extensive coverage of prices and order book data for bitcoin and several other leading cryptocurrencies.
“With the broad array of cryptocurrencies and exchanges, and given the price variances between exchanges, it’s critical that investors have a comprehensive source of pricing information,” says ICE Data Services President and COO, Lynn Martin (pictured). “We’re excited
Man AHL’s TargetRisk strategy has returned 33 per cent since its launch in December 2014, ranking it in the top decile in comparison to its peer group. The strategy has also been awarded a five star rating by Morningstar.
Managed by Russell Korgaonkar (pictured), Man AHL’s Director of Investment Strategies, and his team, the strategy applies Man AHL’s advanced techniques to long-only investment, as developed through three decades of quantitative expertise in alternatives. It seeks to produce a stable return stream across macroeconomic environments through exposure to a diverse range of global markets, combined with dynamic capital protection techniques which
Visible Alpha, an investment research technology firm founded by some of the world’s leading investment banks, has secured an additional USD38 million of equity financing.
Visible Alpha will use this investment to fuel its explosive growth and maintain its leadership position among firms driving efficiency, transparency and alpha generation in the institutional research process and helping solve for the research valuation and budgeting requirements of MiFID II.
This recent round is led by Goldman Sachs (GS) with additional participation from Banco Santander through its VC arm, Santander InnoVentures, Exane BNP Paribas, Macquarie Group, Royal Bank of Canada and Wells
Eze Software saw strong growth across its operations in 2017, with the company adding 278 new multi-asset clients across all major market regions during the year.
Additionally, 70 more clients expanded their use of Eze Investment Suite with one or more applications. Another 20 emerging investment managers adopted Eze Eclipse as their operations platform. Overall, nearly 60 start-up funds adopted Eze Software technology in 2017 to grow their investment offices as part of a unique partner cost management program.
Eze Software also launched Eze Eclipse, its born-in-the-cloud investment solution for the entire investment process.
“2017 was a very
Twin Capital Management (Twin), a New York-based alternative asset manager, has named Michael Horgan as Co-Chief Investment Officer.
Horgan (pictured), will join Twin founder David Simon, in the CIO role overseeing the firm’s event-driven investment strategies, jointly responsible for research, security selection, portfolio construction and risk management.
Horgan has managed his own carve-out within the firm’s flagship fund for the past three years, demonstrating a track record of consistent returns across a portfolio allocated to merger arbitrage and special situation opportunities.
“This is a well-earned promotion for Michael,” says Simon. “He has over a decade of experience in
Matrix Private Capital Group has launched Matrix Highline Management to offer investors access to a differentiated equity strategy designed to complement the Firm’s advisory and investment solutions.
Matrix Highline Management will be led by Thomas Deutsch (pictured), Managing Director and Principal Portfolio Manager. Deutsch was previously a senior securities analyst at Neuberger Berman and brings over a decade of investment experience to the Firm.
Matrix Highline Management’s investment objective is to deliver attractive long-term performance and outperform broad market indices. To achieve this, the team will employ a flexible approach with the ability to invest across market segments and
An international survey of CTAs – managed futures managers – has revealed limited enthusiasm for the new Bitcoin futures contracts offered, since December 2017, by CBOE and CME Group.
The survey was conducted in early January by BarclayHedge, a leader in the field of alternative investment data analysis.
The survey, which involved managers from as far afield as Japan, Cyprus and Switzerland although predominantly based in the USA, indicated that some 73 per cent of those questioned, did not “consider Bitcoin futures to be a valuable/useful addition to a diversified futures portfolio” and that over 80 per cent had
Faced with low interest rates and relatively high valuations for risk assets, large global institutional investors are looking to protect themselves against downturn risks through maintaining their cash levels and selectively increasing allocations to active strategies.
That’s according to a new survey by BlackRock which finds that while 65 per cent of clients plan to leave cash allocations unchanged for the year ahead, there is an interest in active management among institutional investors, which should play out across a diverse set of alternative asset classes, including illiquid assets and hedge funds, and also within public equities.
The survey of
Special Reports
FeatureD
- Insight
