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Man AHL, Man Group’s diversified quantitative investment manager, has opened applications for its 2018 hackathon in April, consisting of 24 hours of coding aimed at contributing to the Python data science ecosystem.
Users of the Python programming language benefit from the efforts of thousands of developers across the world, including Man AHL developers who have open-sourced projects such as Arctic and Pybloqs. The hackathon has been designed to contribute to this ecosystem, with participants exploring and improving the platform, and giving back to the open-source community. During the hackathon, Man AHL will support and mentor participants as they make their
PitchBook, a data provider for the private and public equity markets, has released a proprietary framework designed to help retail and institutional investors assess the long-term value proposition of blockchain protocols.
Until now, no other reputable institution has successfully defined the standard factors driving long-term value creation for blockchain protocols. Investors are left with a limited understanding of how to evaluate the viability of a crypto-asset investment – an asset class plagued by high levels of price volatility and uncertainty. PitchBook believes the crypto-asset class has the same risk profile as early stage venture investments and should be evaluated in
Hedge funds were off to a good start in the first month of 2018, with the Eurekahedge Hedge Fund Index up 2.26 per cent in January. Among volatility-focused hedge funds though, short volatility hedge funds posted the worst performance in January 2018, down 3.30 per cent, their biggest loss since August 2015.
Long volatility and relative value hedge funds meanwhile, gained a modest 0.01 per cent and 0.16 per cent over the same period.
Underlying markets as represented by the MSCI AC World Index (Local) gained 3.78 per cent over the same period.
As the global risk on
The Lyxor CTA index underperformed last week, losing 3.9 per cent, according to the latest Weekly Brief from Lyxor’s Cross Asset Research team. But several managers had already started to cut leverage ahead of last week’s market turmoil and managed to limit losses.
The performance of a sample ranges from -2 per cent to -15 per cent since early February. Most funds are now in negative territory YTD. L/S Equity funds also suffered a 2.2 per cent drawdown last week.
Lyxor writes: “On a positive note, merger arbitrage fared very well and matched expectations regarding their ability to deliver
Ares Management has appointed Myles Gilbert (pictured), former Managing Director at Cambridge Associates and Co-Chairman of its Credit Investment Committee, as Partner, Head of Investor Strategy & Solutions.
In this newly formed position, he will oversee a team of professionals within the Ares Strategy & Relationship Management Group. He is charged with supporting new product development, coordinating cross-platform mandates and overseeing consultant strategy.
Mike Arougheti, Co-Founder, Chief Executive Officer and President, says: “There has been a notable uptick in the number of large investors looking to develop significant strategic mandates across our platform – which I believe speaks to
There has been a 65 per cent jump in the number of firms referred to the Regulatory Decisions Committee, suggesting an acceleration in FCA investigations, according to Cleveland & Co, the boutique legal advisory business.
Information provided to Cleveland & Co by the FCA shows there were 476 firms in 2017 that were referred to the Regulatory Decisions Committee (RDC) in 2017, a significant rise from the 289 in 2016.
The RDC makes certain decisions on behalf of the FCA relating to enforcement and supervisory actions for firms, as well as firm authorisations. The RDC is the final stage
General partners (GPs) in the alternative investment industry now have a single app that combines CRM tailored for capital raising and investor relations with global institutional investor intelligence.
advinda Investor Cloud’s new capital raising app includes contacts for limited partner (LP) decision makers, segmented by region and investor type.
“Thousands of GPs in the alternatives industry still use spreadsheets to keep track of communications with potential investors,” says Eva March (pictured), CEO at advinda. “This is highly inefficient, non-collaborative, and frankly, there is a better way. advinda now gives these GPs the opportunity to make their capital raising easier,
Fulcrum Asset Management (Fulcrum) has appointed Mark Horne as a Director within the newly created Fulcrum Alternative Strategies team, reporting to Partner, Matthew Roberts.
Horne (pictured), previously worked as an independent asset management consultant in London and Paris. Prior to that he was a senior credit manager researcher at Willis Towers Watson and was director of client services at Natixis Global Associates.
Roberts says: “Mark will be a tremendous addition to the team. His experience and expertise in the alternative credit markets will be crucial in helping us develop our range of solutions for clients.”
LRI Group, an independent investment services company, has partnered with M17 Capital Management, a Swiss based investment company, to launch its European Market Neutral UCITS Fund.
Following several pension funds and institutions as anchor investors, the fund is aimed at institutional investors, pension funds, family offices and high-net worth individuals (HNWI) predominantly in Germany, Switzerland, UK and Scandinavia. To date, the fund has obtained investor commitments of close to EUR191 million.
The fund invests with a fundamental approach in a market neutral concentrated portfolio of 30-60 positions with a European bias and targets a return of 10-15 per cent
Cboe Global Markets has reported a record week of trading activity with several single-day records across the company’s exchanges and products set between 2 February 8 February.
Trading of options on the Cboe Volatility Index (VIX) at Cboe Options Exchange set three single-day volume records within the week, with a new all-time high of 4.34 million contracts on Friday, 2 February, 2018, followed by 4.19 million contracts on 6 February and 3.55 million contracts on 5 February . These records surpass the previous single-day record of 3.1 million contracts on 1 December, 2017.
Trading of VIX futures at Cboe
