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Sell-side risk management is in need of an overhaul that consolidates systems and incorporates the increased importance of margin into risk calculations. That’s the central finding from a recent Acuity study, conducted in partnership with Sterling Trading Tech.
The survey of 55 banks and broker-dealers across the world, shows that fragmented legacy risk systems are hampering firms’ ability to respond to increased volatility across global markets.
The uncertainty of market movements this year, as well as the fallout from the Archegos blow-up, has thrown the issue of counterparty risk and monitoring margin into sharp relief.
The findings show that not
Tradeteq, a World Economic Forum member, has selected the XDC Network to launch TRADA Tokens, the first ever fully regulated, trade finance-backed fungible security tokens.
Apex Group Ltd (Apex), a global financial services provider, has been appointed to provide corporate, administrative and trustee services to the Luxembourg platform EQONEX Limited, a digital assets financial services company.
Mercer, a global leader in redefining the world of work, reshaping retirement and investment outcomes, has appointed Gene Lohmeyer, CFA, as US Not-for-Profit (NFP) chief investment officer.
CLS, a financial markets infrastructure (FMI) delivering settlement, processing and data solutions across the global FX ecosystem, has witnessed continued growth in settled values of cross currency swaps submitted to CLSSettlement, with a 27% year-on-year increase (Q2 2022).
Cross currency swaps exhibit significant settlement risk exposure due to the high value of the initial and final principal exchanges. By using CLSSettlement, participants can mitigate the settlement risk associated with these transactions. Furthermore, as cross currency swap flows are multilaterally netted against other FX transactions within CLSSettlement, users also benefit from a significant reduction in daily funding requirements.
The increase
Tesla, may be the most shorted stock in the world, but investors betting against the electric vehicle (EV) manufacturer lost $1 billion last week and could be facing a ‘short squeeze hell”, according to a report by Business Insider.
High net worth investors (HNWIs) are including much higher weightings of alternative investments in their portfolios than five years ago, with four in 10 investors (41%) now allocating more than 20% to the asset class, according to research by Connection Capital, a specialist private client alternative investments business.
Private investors’ exposure to alternative investments has been increasing steadily as they hunt for superior returns and diversification from quoted markets. In 2018, the first year the survey was carried out, a quarter (26%) of respondents had 20% or more of their portfolios invested in alternatives, and this had risen to around
Zug-based fintech firm Alphanect has launched Alphanect Selection, an all-new curated portfolio of private market products for wealth managers and investors.
Alternative assets data specialist Preqin’s hedge fund benchmark declined by 7.95% during Q2, according to the firm’s Q2 2022 Hedge Funds Report, making it the second largest quarterly decline, post global financial crisis, and the sixth lowest quarterly return ever recorded by Preqin.
However, hedge funds’ performance over the past 12 months (-8.15%) is certainly better when compared with S&P 500’s return (-12.52%) during the same period. Dispersion in performance was significant among hedge fund top level strategies. Relative value and macro hedge funds protected investors during the quarter, declining -0.24% and -1.24%, respectively. Multi strategy (-4.87%) and credit (-4.53%)
Star hedge fund trader Pierre Anurand has predicted that demand for oil will surpass expectations even if global economic growth stalls, according to a report by Bloomberg.
