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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
Abacus Group, a managed security services provider for hedge funds and other alternative investment firms, has appointed Jonathan Shapiro as the firm’s first chief revenue officer. Â
Digital asset investment products saw outflows totalling $30 million last week, bringing to an end a six-week run of inflows, according to the latest Digital Assets Fund Flows Weekly Report from CoinShares.
The outflows began on 14 April when bitcoin passed the ‘psychological threshold’ of $30,000, suggesting the most recent sell-off was a result of profit-taking, particularly in the absence of any macroeconomic triggers.
Ether, meanwhile saw inflows totalling $17 million last week, suggesting there is increasing confidence amongst investors following the implementation of the Shapella.
As investment managers face a shifting regulatory environment, they are looking for greater support for their in-house trading desks. Outsourced trading providers are experiencing growth as managers of all sizes are looking to take advantage of this service. Jack Seibald, Managing Director, Co-Head of TD Cowen Prime Execution Services talks through the most recent developments.
Citadel, the hedge fund firm founded by Ken Griffin, is betting against Deliveroo and has opened up a £27 million short wager against the food delivery company, according to a report by The Daily Telegraph.
US financial regulators are considering new proposals which would make it easier to more closely regulate non-bank financial institutions, including hedge funds, asset managers and insurers, according to a report by the Financial Times.
New guidance issued by the Financial Stability Oversight Council (FSOC) – a group of the top US financial regulators led by the Treasury department – has outlined how it would facilitate individual regulation of non-bank entities by the Federal Reserve depending on whether the “material financial distress” at an individual company, or the “nature, scope, size, scale, concentration, interconnectedness, or mix” of its activities posed a
Hedge funds and other leveraged investors upped their net short positions on 10-year US Treasury futures to a record 1.29 million contracts as of 18 April, in an apparent show of confidence that the US economy can avoid a recession, according to a report by Bloomberg.
The report cites data from the US Commodity Futures Trading Commission (CFTC) as confirming that net shorts had increased for a fifth consecutive week.
Hedge funds seem to be backing the US central bank to win out in its desire to see further increases in borrowing costs. The 10-year Treasury yield has advanced nine
Total hedge fund capital increased for the second consecutive quarter in the first three months of the year, as investors allocated new funds while key banking and financial risks surged and the risk of a recession increased, according to the latest data from HFR.
Total global hedge fund capital rose to $3.88 trillion, a quarterly increase of over $50 billion. Investors allocated an estimated $9.1 billion in new capital to the hedge fund industry in Q1 2023, the first quarter of net asset inflows since the first three months of 2022.
The investable HFRI 500 Fund Weighted Composite Index
At least four new hedge fund firms are on target to raise more than $1 billion by the end of this year, as fundraising returns to levels not seen since before the global pandemic, according to a report by Bloomberg.
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