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Hedge fund performance declined month-on-month in June, with multi-strategy leading losses with a return of -2.8%, according to the latest monthly Hedge Fund Report from the Citco group of companies.
Hedge funds administered by Citco companies saw net redemptions in June as investors withdrew funds from all AUA buckets and most strategy types.
June trade volumes were the highest on record for Citco, up 9.8% month-on-month, and 2.2% higher than the previous peak in March of this year.
Twitter shares have been given a boost following news that hedge fund Hindenburg Research has taken a stake in the firm on the basis that it sees a “strong case” against Elon Musk for moving to back out of his $44 billion buyout bid, according to AFP.
Derivatives clearing banks’ post-trade systems performed significantly better during the volatility of Q1 2022 when compared to their performance during the initial outbreak of the Covid-19 pandemic, despite being tested with higher volumes, a study by Acuiti has found.
The findings of the study are published in the most recent edition of the Clearing Management Insight Report, a quarterly survey of senior sell-side executives from across the global clearing industry. This quarter’s report was produced in partnership with SmartStream, a specialist in financial transaction management solutions space that offers solutions that enable firms to improve operational control, reduce costs, build
As part of its initiative to deliver customisable solutions, Northern Trust has launched an enhanced liquidity management data tool in its Front Office Solutions platform.
Tradeweb Markets Inc, a global operator of electronic marketplaces for rates, credit, equities and money markets, has appointed markets veteran Thomas Pluta as its next president.
Viking Global Investors is down 7% for the first six months of 2022 but has still outperformed many of its Tiger Cub stock-picking peers, according to report by BNN Bloomberg.
The report cites an investor letter as revealing that the fund’s recent efforts to reduce risk, by concentrating long bets while maintaining its short positions helped it chalk up a 2% gain last month, reducing its YTD loss to 7.4%.
While Andreas Halvorsen’s $19 billion flagship fund is still on course to record its worst annual loss in 22 years, its performance is ahead of other Tiger Cub funds, some
TRG Screen, a provider of enterprise subscription management solutions, has launched Optimize Insights to unlock new insights and reporting capabilities within Optimize Spend, its market data management software platform.
Optimize Insights sits at the heart of TRG Screen’s new Optimize platform, launched in 2020. Market data teams benefit from detailed, data-driven intelligence that they can deliver to their internal business users, allowing them to fully optimise their spend and usage. While it offers an intuitive visual analytics platform for proactive market data management, it also supports other complex, high value enterprise subscriptions, such as research, telecoms, IT and software.
Options Technology, a Capital Markets services provider, has promoted Micah Kroeze to chief product officer.
Kroeze joined Options as VP, Product Management in 2018 with extensive industry experience from NYSE Technologies and Vela Trading Systems, where he oversaw the growth of the firm’s market data and hosted services product lines. He was subsequently appointed senior vice president of Product Management for Managed Colocation in 2021, with key responsibilities for Options’ managed trading infrastructure and connectivity services, and the overall delivery of the firm’s strategic roadmap.
Kroeze has been integral in many of Options’ recent acquisitions and successes, particularly in the
Embattled cryptocurrency lending company Celsius has begun the process of filing for Chapter 11 bankruptcy protection in the US according to a report by CNBC.
The report cites an unnamed source as revealing that the company’s lawyers have been notifying individual US state regulators of the plan.
Celsius was among a group of crypto companies to put a freeze on customer accounts last month amid “extreme market conditions” as the global cryptocurrency values crashed.
Issued a statement on Wednesday saying it is looking to restructure in a way “that maximizes value for all stakeholders.”
The Liquidators of troubled cryptocurrency hedge fund Three Arrows Capital (3AC) have been granted control over the firm’s US assets by a New York State judge, according to a report by Forbes.
But on the firm’s founders has complained on Twitter that the company’s executives have been misled during negations over the firm’s bankruptcy filing.
Liquidators Russell Crumpler and Christopher Farmer of financial firm Teneo now control 3AC’s US assets, preventing co-founders Su Zhu and Kyle Davies from transferring or disposing of them after the judge ruled that the executives had failed to participate in liquidation proceedings.
A tweet by
