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BrokerTec, a provider of electronic trading platforms and technology services in fixed income markets, has expanded its collaboration with LCH RepoClear, to provide a route for clients to clear Euro-denominated securities with LCH through BrokerTec Quote, a dealer-to-client Request for Quote Repo trading solution.
Point72 Asset Management founder Steve Cohen believes investors are too worried about a market decline and has said he is “actually pretty bullish” about the current economic outlook, according to a report by Bloomberg.
A new report from Seward & Kissel has highlighted a shift in hedge fund portfolio dynamics, amidst ongoing economic uncertainty, towards longer-held positions, with new managers tightening liquidity rules into 2022 as a result.
Hedge funds recorded another positive month in April, with a total weighted average return of 1.1%, taking YTD returns to 5.58%, according to the latest data from Citco, a global alternative investment asset servicer with one $1.8 trillion in assets under administration.
Both Goldman Sachs and Citi have lost senior macro traders to hedge fund firms recently, with Gary Stein joining Millennium from Goldman and Citi’s Karl Abdelnour jumping ship to join Schonfeld, according to a report by eFinancial Careers.
New York-based Stein, one of Goldman Sachs’ 2022 class of managing directors, has joined Millennium as a portfolio manager after spending the past seven years at Goldman, most recently as the bank’s head of Latin American FX trading. Prior to Goldman, he was a VP at UBS.
Abdelnour, meanwhile, who is also based in New York, has joined Schonfeld, also as a portfolio
Citadel Securities, the market-making firm founded by Ken Griffin, the founder of hedge fund Citadel, is suing two former employees, claiming that they stole “trade secrets” when they set up their own market-making firm for cryptocurrencies, according to a report by Bloomberg.
The report files a complaint filed by Citadel Securities on Wednesday as claiming that Leonard Lancia and Alex Casimo started raising capital and building their high-frequency trading firm, Portofino Technologies, while still working at Citadel Securities and had access to proprietary information. The company is reportedly seeking a trial to determine the extent of monetary damages and potential
ARK36, a Cyprus-based alternative investment digital asset fund, has launched a new proprietary machine learning-based trading software system, which is aimed at improving the way its portfolio management team can navigate cryptocurrency trading.
ARK36 says the new software leverages “advanced algorithms” to enable its traders to make “more informed decisions, navigate market challenges and optimise their trading strategies with precision and confidence”.
The software can access updated cryptocurrency price information every second and is designed to predict price movements of specific crypto assets and complete either short or long-positions or not trade dependent on the market developments. It can make
FFP, an offshore fiduciary and restructuring practice, has launched a new fund administration business in the Cayman Islands providing a broad range of fund-focused services to hedge funds, private equity firms, venture capital funds and family offices.
Appomattox Advisory Inc, a New York-based Outsourced Chief Investment Officer firm founded in 2005, has appointed Grange Johnson as deputy CIO, focusing on portfolio construction, manager research and business development.Â
Research remains an intrinsic part of the investment process. Robust research can make or break an investment decision. Solid findings from reputable sources can validate an investment thesis while vague information from weak experts risks wasting time and money while potentially leading a manager to a dead end.
