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DTCC, a market infrastructure for the global financial services industry, has launched OTC Direct Connect, a service providing “seamless access” to OTC derivatives transactions data that are reportable in the US and Canada.
TS Imagine, a global, cross-asset provider of trading, portfolio, and risk management solutions for financial institutions, has formed a strategic partnership with Kayenta, a hedge fund treasury management system provider.
Macro strategies led hedge fund industry gains in October with the HFRI Macro (Asset Weighted) Index advancing +0.7% to record its third consecutive month of positive performance, bringing the trailing three-month return to an impressive gain of +4.2%.
Reginaldo Takara has quit his role as Banco Santander’s Head of Credit Risk in Brazil to join Vinland Capital, a Brazilian hedge fund co-founded by former Goldman Sachs Group Inc partner Andre Laport, as Partner and Head of Credit Research, according to a report by Bloomberg.
Unlimited, an investment firm co-founded by former Bridgewater Associates executive Bob Elliott, is planning to launch a new tech-driven multi-manager-style hedge fund replication strategy, according to a report by MarketWatch.
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.
