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Toscafund, a London-headquartered specialist asset manager, has launched the Tosca Market Thinking Fund, which the company describes as “an innovative, unconstrained global equity fund” developed by Mark Tinker, CIO Toscafund Hong Kong.
Structured as a combination of a global factor fund (40%) and a global thematic fund (60%), rather than the traditional country and sector approach, the strategy removes stock specific risk by utilising large and liquid ETFs to create a conviction based portfolio, according to Toscafund.
The portfolio includes the five main investment style factors: size, value, quality, momentum and volatility, with the thematic side of the portfolio constructed
MarketAxess Holdings Inc, the operator of an electronic trading platform for fixed-income securities, has completed the the first client algorithmic trade executed across multiple protocols using Adaptive Auto-X, the company’s multi-protocol automated execution solution, currently in pilot.
MarketAxess also announced the next phase of the pilot, which will introduce additional liquidity-seeking strategies depending on trader objective, urgency or pricing requirements.
MarketAxess launched the Adaptive Auto-X pilot earlier this year, building on the success of an established suite of automation protocols. Phase one of the pilot provided users with low-friction automation workflows to interact with passive liquidity across RFQ, order book
Much of the financial industry still operates on legacy technology, resulting in fragmented systems and interfaces which leave participants unable to be as agile and responsive as they need to be. Cloud-native clearing and custody systems can improve efficiency while minimising cost and risk. Andy Volz (pictured), chief operating officer and head of prime sales, Clear Street, explains further
Hedgeweek and Private Equity Wire have announced the winners of the inaugural US Credit Awards, which recognise excellence in fund performance and service provider excellence across credit funds.
Trifon Natsis, co-founder of global macro hedge fund firm Brevan Howard has relocated to Abu Dhabi as part of the Jersey-based investment manager’s plans to expand in the UAE, according to a report by Financial News.
South Korea has been ordered to pay around $53.6 million in compensation to US hedge-fund manager Elliott Management by an international arbitration tribunal over the controversial merger of two Samsung units back in 2015 that resulted in a corruption scandal, according to a report by The Wall Street Journal.
Elliott’s case against South Korea originated from the $8 billion merger of Cheil Industries and Samsung C&T, which triggered a wide-reaching corruption scandal. Elliott was a minority stakeholder in Samsung C&T and opposed the deal, deeming the terms of the merger unduly unfavourable to the company.
The report cites South Korea’s
Izzy Englander’s Millennium Management has bolstered its growing emerging markets team in Dubai with the addition of Naveen Choppara, co-head of emerging market rates and forex trading in CEEMEA at Goldman Sachs Group Inc, according to a report by Bloomberg.
The report cites unnamed sources with knowledge of the matter as confirming that Choppara is relocating from London to work alongside Akash Patel, the Goldman Sachs veteran who joined Millennium in Dubai more than a year ago as a senior portfolio manager.
Millennium has been adding to its UAE team by tapping money managers and strategists from the likes of
Macro hedge funds have enjoyed a renaissance in recent years with the biggest funds – those with over $1 billion in assets under management – showing significant outperformance compared to their smaller sub-$1 billion counterparts, according to a new report from WithIntelligence.
A new study of new hedge funds launched by established managers from private funds industry law firm Seward & Kissel, reveals a sharp divergence in the management fees charged depending on investment strategy.
Fund management technology platform Truss Edge has launched an app that provides hedge fund and other asset managers with access to its Safari portfolio management and operations technology while on the move, via both Android and iOS devices.
