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An increase in allocations to alternative investments by US public pensions over the the past two decades may have helped reduce volatility, but may not have boosted overall returns, according to a report by Pensions & Investments Online.
AXA IM Alts, a specialist in alternative investments with c€184 billion of assets under management, has appointed Lu Gao as head of client group alts Asia. This appointment forms part of the recently announced evolution of AXA IM Alts’ organisation structure into five dedicated business lines to prepare the business for its next stage of growth, and highlights the centrality of the APAC region in achieving these global growth ambitions.
While the current market environment presents challenges for institutional investors, it also offers hedge funds alpha opportunities unseen for years. To maximise their return potential in this environment, hedge funds are investing in more data and further developing their tech stack to help scale their operations.
Hedge funds are maintaining their bearish stance on equity markets despite the recent stock market rally prompting them to unwind short bets at a rapid rate, according to a report by Bloomberg.
Shipping and mailing company Pitney Bowes Inc is being pushed to re-evaluate its capital allocation and e-commerce strategy by hedge fund Hestia Capital Partners, according to a report by Reuters.
Blockchain specialist Quant has partnered with UST, a digital transformation solutions company, to provide technical integration and tokenisation services to central and commercial banks and capital markets participants.
These services will help financial institutions adopt digital assets, as they increasingly realise the benefits of distributed ledger technologies by issuing digital money and tokenising existing asset classes for greater settlement speed and access to new markets and clients
Quant will provide the foundational technology, and UST will provide support through user interface design and integration via its Sandbox based in their London Innovation Lab. The partnership facilitates the issuance of
Hildene Capital Management, a $12 billion credit-focused asset manager, has formed Ludlow Re SPC, Ltd, a Cayman Islands-based, Class B(iii) insurance company.
The Depository Trust & Clearing Corporation has launched DTCC Report Hub assisted reporting model, allowing sell-side firms to assist their buy-side clients with regulatory reporting obligations around the world.Â
SS&C Technologies Holdings’ SS&C GlobeOp Forward Redemption Indicator measured 3.39% for November 2022, up from 2.35% in October.
“SS&C GlobeOp’s Forward Redemption Indicator for November 2022 was 3.39%. Although higher than the 2.28% recorded a year ago, this level is lower than the long-term average for November redemption notices,” said Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies. “The result is consistent with longer-term trends and indicates hedge fund asset retention clearly remains strong heading into year-end.”
The SS&C GlobeOp Forward Redemption Indicator represents the sum of forward redemption notices received from investors in hedge funds administered by SS&C
Short digital asset investment product inflows represented 75% of total inflows last week suggesting on aggregate sentiment was deeply negative for the asset class, according to the latest Digital Asset Fund Flows Weekly report from CoinShares.
Total AuM is now at the lowest point in two years at $22 billion.
Bitcoin saw inflows totalling $14 million, but when offset by the inflows into short investment products the net flows were a negative $4.3 million.
Ether saw the largest inflows on record into short-ether investment products totalling US$14m.
A raft of outflows were also seen across altcoins totalling $6 million.
