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Acuiti has launched the Systematic Hedge Fund Expert Network, the latest in its series of derivatives-focused networks of senior market executives.
Acuiti Expert Networks provide a virtual forum through which senior executives in a given market can gauge sentiment and benchmark approaches to common challenges.
Members of the network have access to a portal through which they can pose questions to other members of the network in a quarterly survey. Each quarter, members of the network receive a report analysing the responses to the survey.
The first quarterly report for the Systematic Hedge Fund Expert Network, produced in association with
Funds of hedge funds administered by the Citco group of companies (Citco) experienced negative performance in the first half of the year, with an average weighted return of -5% and a median return of -4.37%.
The largest portfolios bucked the trend, with funds with assets of more than $1B returning a gain of 0.17% over the first six months of the year – and 58% of this grouping delivering positive returns.
Funds holding between five and 20 underlying portfolio positions outperformed the more diversified funds, with an average return of -3.01%.
Results significantly varied between funds, with average returns for
Cigrek Capital has launched a fully-regulated, EU-based solution for managers of digital assets strategies seeking distribution to institutional investors. Cigrek’s solution has been designed specifically for managers of established digital funds who are seeking alternative distribution venues.
The new umbrella is based on a fully regulated AIF limited partnership structure and has 10 cells immediately available for use by fund managers. The structure has not previously been available for digital assets managers.
Fund managers will become advisers to the cells, which sit under the fully regulated umbrella. The service also includes an EU depositary. It addresses the need institutional investors have
Elementum, an alternative investment manager specialising in collateralised natural catastrophe event reinsurance investments, has appointed Douglas Duncan as chief technology officer based in the firm’s HQ in Chicago.
C Capital is planning to raise $500 million for investments in blockchain assets as well as the credit and private equity spaces on the assumption that the prices of both digital assets and private companies are bottoming out, according to a report by Bloomberg.
Preqin, a provider of alternative investment data and insight, has appointed Vatsan Sudersan as its Head of Data Management. Vatsan will lead the data management team that operationalises Preqin’s automated data collection, including through machine learning and AI technologies.
With an interest rate announcement from the US Federal Open Market Committee looming large on Wednesday, hedge funds have ramped up their short bets against US Treasuries, according to a report by Bloomberg.
The report cites the latest data from the Commodity and Futures Trading Commission (CTFTC) as revealing that an increase in short position by hedge funds against 2-year futures. Traders are also reportedly continuing to pay a higher premium for protection against the risk of a bigger seed-off in 10-year note futures.
Block trade activity in five-year note futures has continued to be robust over the past week,
Brian Treister, the former head of infrastructure for WorldQuant at Millennium has returned to the hedge fund just 14 months after quitting to join Meta, according to a report by efinancialCareers.
TS Imagine, a specialist in trading, portfolio, and risk management solutions for capital markets, has made three executive leadership hires to support the firm’s rapid growth.
Spencer Lee joins as Chief Markets Officer, where he will develop and grow TS Imagine’s global fixed income offering. Spencer brings extensive market structure and fixed income trading experience to TS Imagine. He joins from Agilon Capital, a systematic credit hedge fund with a strong technology value proposition, which he co-founded. Prior to Agilon, Spencer led global credit electronic trading and West Coast fixed income trading at Blackrock.
Kate Peachway joins as Chief
TraditionDATA, the data and information services division of Compagnie Financière Tradition (Tradition), has made nine strategic appointments as demand for its smaller, granular market data packages grows globally.
The firm has hired four Business Development Managers, a Commodity Product Manager and a Global Marketing Manager all based in London, alongside three new roles in its US team as part of its continued global growth plans.
