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Hedge funds lost 0.46% in March according to the gross return of SS&C Technologies’ GlobeOp Hedge Fund Performance Index for the month. Hedge fund flows as measured by the SS&C GlobeOp Capital Movement Index meanwhile, declined 0.56% in April.
“SS&C GlobeOp’s Capital Movement Index for April 2023 was -0.56%, consistent with quarterly asset allocation patterns,” said Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies.
“The collapse of several US regional banks in March coupled with a Fed rate hike created a catalyst for higher market volatility. Hedge fund flows continue to be steady as they provide an attractive allocation
SteelEye and Enfusion have established a partnership to offer joint clients a “seamless” experience, with trade and order data from Enfusion’s investment management solutions flowing automatically into SteelEye’s integrated compliance platform.
Traditionally, the implementation of trade-based compliance systems for surveillance, reporting, and best execution can be lengthy and complex. The partnership between SteelEye and Enfusion aims to take the legwork out of implementing these systems.
As a result, the onboarding of SteelEye requires minimal effort from investment managers, something that was a key driver for the latest SteelEye-Enfusion joint client Alken Asset Management, according to the London based hedge fund’s
Hong Kong-based hedge fund Oasis Management Company is urging fellow shareholders to vote against chief executive Andy Hornby’s “disproportionate” and “unpalatable” pay deal after almost doubling its stake in the company, according to a report by The Times.
The activist investment firm, which has upped its holding in the Wagamama and Frankie & Benny’s operator from 6.5 per cent to 12.3 per cent, believes Hornby has failed to generate value creation during his tenure and has contributed to a 73% fall in the company’s share price.
Hornby has been awarded a 2.5% pay increase to £674,450 for this year following
Former Goldman Sachs vice president Dan VanBeek has been appointed as the new head of governance, risk and compliance at Jersey-based macro and derivatives hedge fund Brevan Howard, according to a report by Financial News.
At Brevan Howard, VanBeek, who was appointed as vice president, information security officer at Goldman Sachs in January last year, will be responsible for implementing cyber policies and ensuring there is a standard structure for cyber management and risk management across the business, as well as embedding compliance throughout the firm’s infrastructure, and raising security awareness for technical and non-technical stakeholders.
Prior to his time
Ken Griffin, founder of hedge fund Citadel and market making firm Citadel Securities, has been ranked at number one in a new rich list of ‘financial titans’ compiled by Bloomberg, having amassed a personal fortune of $35 billion, making him the 38th richest person in the world.
London-headquartered hedge fund major Marshall Wace has established big short wagers against several UK retailers after the sector saw a significant drop in sales during March, according to a report by Financial News.
Struggling online retailer Asos has attracted the attention of renowned short-seller Matthew Earl – aka the Dark Destroyer – the founder of London-based hedge fund ShadowFall, who believes that the company will need to raise more cash from shareholders as it struggles to adapt to post-pandemic life, according to a report by The Sunday Times.
Earl’s ShadowFall has reportedly built a short position in Asos worth about £4 million.
The report cites data from S&P Global Market Intelligence as revealing that Asos is currently the second most shorted stock in the FTSE 250, with 10.98 per cent of its outstanding
Helikon Investments, a London-based long-short equity hedge fund founded in 2019, upped its stake in Argentinian energy company YPF Sociedad Anónima by 22.4% during the fourth quarter of 2022, according to a report by BestStocks.
The report cites an SEC regulatory filing as revealing that the fund’s ownership jumped to 7,945,939 shares after the acquisition of an additional 1,452,472 shares, bringing its holding to 2.02% of YPF Sociedad Anónima’s shares – Helikon’s fourth largest holding.
Hedge funds currently own approximately 10.42% of YPF Sociedad Anónima’s stock. Other institutional investors with holdings include Credit Suisse AG (272,941 shares), while Harel Insurance
Cboe Global Markets, a global derivatives and securities exchange network, has launched the Cboe 1-Day Volatility Index, which has been designed by the company’s in-house innovation hub and seeks to measure the expected volatility of the S&P 500 Index over a single trading day.
MarketAxess Holdings Inc, the operator of an electronic trading platform for fixed-income securities, has appointed Nancy Altobello as lead independent director of the board, effective 13 April, 2023, succeeding Stephen P Casper, who has served in the role since 2012.
Casper will continue to serve as a director.
Altobello brings more than three decades of global audit and talent management experience to the board. Most recently, she served as Ernst & Young’s global vice chair, talent, where she led the company’s global talent function covering more than 250,000 people in over 150 countries.
Altobello joined Ernst & Young in 1980
