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CTAs completed a record year in 2022 following broadly flat performance in December, according to data from Societe Generale, with the SG CTA Index down slightly at -0.15% for the month to finish with its best annual gain 20.07%.
Hildene Capital Management, a credit-focused asset manager with approximately $12 billion of assets under management, has  with  entered into a long-term strategic alliance with US annuity provider SILAC Insurance Company.
BMLL, an independent provider of historical Level 3 data and analytics to banks, brokers, asset managers, hedge funds, and global exchange groups, has appointed industry veteran Rob Laible as Head of Americas to support the company’s plans to open a New York area-based office.
Laible has more than 30 years experience of running global institutional businesses across sales and trading, technology, compliance, risk and operations. Most recently he served as Global Head of Equities at Liquidnet, responsible for the firm’s global institutional equities business. Based in New York, his focus has been on providing institutional asset managers with liquidity solutions
Digital asset investment products saw outflows totalling $9.7 million last week, highlighting continued mild negative sentiment that has persisted for the last three weeks, according to the latest Digital Asset Fund Flows Weekly report from CoinShares.
Bitcoin saw minor outflows, totalling $6.5 million for the third week in a row implying sentiment at the beginning of 2023 remains negative. Over the same period short-bitcoin investment products saw minor inflows of $1.2 million.
XRP, meanwhile, bucked the trend with inflows totalling $3 million representing 9% of total AuM which CoinShres believes comes on the back of an improvement in clarity of
Said Haidar’s Jupiter Fund recorded its best ever gain last year since launching over two decades ago with a 193% return that saw Haidar outperform peers including Crispin Odey, Chris Rokos and Neal Berger, according to a report by Bloomberg, in what proved to be a year of outperformance for many macro funds.
Hedge fund fees declined slightly in Q3 2022, with the average industry-wide management fee declining 1 basis point from the prior quarter to an estimated 1.35%, according the latest HFR Market Microstructure Report.
The average incentive fee, meanwhile, fell by 4 bps to 16.01%, with both estimated fees representing their lowest levels since HFR began publishing these estimates in 2008.
For funds launched in Q3 2022, average management fees increased by 3 bps from the prior quarter to an estimated 1.35%. Average incentive fees for funds launched in the third quarter of 2022 was estimated at 17.23%, representing a decline
The Rokos Macro Fund has joined a growing group of macro funds to have registered big gains 2022, recovering from its worst ever performance (-26%) in 2021 to record a record gain of 51% last year, according to a report by Reuters.
The report cites unnamed sources as revealing that the $15.5 billion fund’s gain was its best since founder Chris Rokos started his eponymous firm in 2015. The find produced positive returns in every month bar one in 2022.
Like macro peers including Crispin Odey and Said Haidar, Rokos benefited from winning short bets on bonds as central banks
Hedge funds are increasing their bets against the US dollar as speculation grows that the US Federal Reserve is set to slow the pace of recent interest rate hikes aimed at curbing inflation, according to a report by Bloomberg.
The report cites data from the Commodity Futures Trading Commission on eight currency pairs as revealing that bearish bets against the US dollar increased to 30,457 contracts last week, the highest level seen since August 2021. After data on Friday showed that US wage growth eased last month, Swap contracts show that investors now expect the US policy rate to peak
BidX Markets, a globally regulated multi-asset liquidity and trading technology provider, has expanded its international team with the addition of Harry Fry who will be overseeing and growing the firm’s Asia-Pacific operations.
Align, a provider of technology infrastructure solutions and managed IT Services, has appointed Dan Lyons as managing director of business development for Align Managed Services. He previously served as director of business development.
