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TMX Group has launched a new Canadian trading platform consisting of two order books, Alpha-X and Alpha DRK, which the company says are designed to create an “optimised trading environment to enhance execution quality”.
Many of the global hedge fund industry’s large multi-strategy firms rose to the trading challenges presented by a difficult October and ended the month in positive performance territory, according to a report by Reuters.
Digital asset investment products saw inflows totalling $261m, representing the sixth week of consecutive inflows that now total $767m, surpassing the total inflows of $736m seen in 2022, according to the latest Digital Assets Fund Flows Weekly report from CoinShares.
Having spent much of the previous month adjusting to the US Federal Reserve’s apparent change to a ‘higher for longer’, approach to interest rates, and the subsequent spike in market volatility, hedge fund managers were faced with another switch in October as US equities went on a slide, with both the S&P and Nasdaq entering correction territory, falling more than 10% from their July highs.
Man Group, the world’s biggest publicly listed hedge fund, is sticking by the contrarian bearish stance it adopted during an emerging-market rally earlier this year, when it predicted a yet-to-materialise “violent” sell-off, according to a report by Bloomberg.
Pictet Alternative Advisors (PAA), the alternative investment arm of Swiss private bank and financial service company Pictet Group, has appointed Trudi Usher Boardman to the role of Head of Hedge Funds, effective 1 November 2023.
Citadel Securities, the market making and trading firm founded and majority owned by Citadel hedge fund boss Ken Griffin, has appointed Ioana Scripcaru, a former trader at investment bank BNP Paribas, to its London-based team, according to a report by eFinancial Careers.
Hopes that the US Federal Reserve’s recent pause in interest rate rises might become a more permanent fixture, prompted hedge funds to buy US stocks at the fastest pace seen in two years last week, according to a report by Reuters.
The European Energy Exchange has extended the tradable maturities for natural gas derivatives, to be available from 11 December 2023, with the new expiries complementing the maturities product line introduced earlier in the year on selected markets.
Alter Domus, a provider of tech-enabled fund administration, private debt, and corporate services for the alternative investment industry, has appointed Michael Janiszewski as its new Chief Operating Officer.
