Latest News
Jennison Associates, a low-profile hedge fund with offices in New York and Boston, has potentially scored a $5 billion gain on Nvidia so far this year, as the chip-maker’s stock has soared, according to a report by Markets Insider.
Hedge funds are making wagers against copper on the London Metal Exchange for the first in three years after prices tumbled following weaker than expected demand from the world’s top consumer, China, according to a report by mining.com.
Hedge funds gained 0.32% in April, according to the performance of the SS&C GlobeOp Hedge Fund Performance Index for the month. Hedge fund flows as measured by the SS&C GlobeOp Capital Movement Index, meanwhile, advanced 0.16% in May.
“SS&C GlobeOp’s Capital Movement Index for May 2023 shows net flow growth of 0.16% into hedge funds,” said Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies. “This is a quiet month of activity as investors assess the opportunity set of investments in the context of monetary and macro-economic uncertainty.”
The SS&C GlobeOp Hedge Fund Performance Index is an asset-weighted, independent monthly
Tadaoki Kokusai, a multi-platform wealth and asset management firm, has launched the Responsive Alternative Strategies Fund, a hedge fund replication fund which the company says complements its existing hedge fund, private equity, real estate, and diversified alternatives offerings.
Tadaoki Kokusai says the new mutual fund offers daily liquidity and a way for investors to access a wide range of alternative strategies that may be used to supplement traditional equities and fixed income investing.
The fund uses Tadaoki-Kokusai’s hedge fund replication approach, which aims to create returns based on basic underlying hedge fund strategies. The firm says the fund will be
TS Imagine, a global, cross-asset provider of trading, portfolio, and risk management solutions for financial institutions, has made two key additions to its Asia Pacific team in Hong Kong – Stephanie Cheung and An Hoong.
Both bring highly relevant experience from previous roles at Enfusion and will be key to TS Imagine’s growth and business development plans in the APAC market.
Cheung joins as a sales director having previously served as a strategic account manager at Enfusion covering hedge funds, family offices and asset management firms in APAC. Her previous financial investment experience includes roles at Trust Company of the
Broadridge, a provider of trading solutions for banks, broker-dealers and other institutional investment clients, has added a highly experienced industry professional to its sales team in Northern Europe, who will be focused on identifying new client opportunities in the region.
Many hedge fund COOs appear resistant to the idea of deploying AI – and similar types of disruptive technology – inhouse. But that’s only part of the picture.Â
Hedge funds’ use of and need for alternative data continues to increase. Today, the problem is less about how to get enough, and more about how to manage what you have – and extract value.
Recent technological advances – notably in AI – have put hedge funds on the cusp of next-level investment strategies. Is 2023 the year the industry achieves ‘true’ AI? Or has that already happened?
Financial firms are facing growing complexity in the nature of the cyber threats they receive. This, coupled with increasing regulatory requirements for robust cyber practices, is driving the need for more external support. Jonathan Bohrer (pictured), President at Abacus Group, shares his perspective on the trend to outsource technology and cybersecurity capabilities.
