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Hedge fund redemptions slowed somewhat in April though the trend continued, according to the latest BarclayHedge Fund Flow Indicator.
The month’s outflows totalled $22.40 billion, 0.44% of industry assets, a reduction from the $35.37 billion in outflows the industry experienced in March.
A $131.83 billion trading loss during the month brought total hedge fund industry assets to nearly $5.11 trillion as April ended.
For the 12 months through April the global hedge fund industry experienced $87.21 billion in inflows. A $211.06 billion trading loss over the period brought total industry assets to $5.11 trillion figure as April ended, down from
Franklin Templeton has appointed John Ivanac as Senior Vice President and Consultant Adviser, US Institutional Services, focused on alternative investment capabilities in the US.
“Legacy” data centres are attracting the attention of short seller Jim Chanos as the face growing competition from the tech giants that to data have been their biggest customers, according to a report by The Financial Times.
Chanos, most famous for predicting the Enron collapse over 20 years ago, is said to be seeking several hundred million dollars a for a new fund that will bet against US real estate investment trusts (REITs) that own big server warehouses.
While the data centre market is currently buoyant on the back of a global expansion in cloud computing, Chanos’ thinking is that
Substantive Research, a research discovery and research spend analytics provider for the buy-side, has published headline conclusions on the current state of the Market Data pricing market, based on insights generated by its new Market Data Spend Analytics service.
Substantive Research has found that pricing is not consistent and there is large variance in pricing and little or no correlation to the size of the firm consuming the market data. Even accounting for specific “apples- to- apples” use cases, the range of inconsistencies applied to pricing post-negotiation is between 10% and 50%.
Buy-side budgets vary from 0.55bps to 1.27bps of
Emerging managers have outperformed all hedge funds YTD, with data showing they outperformed hedge funds by 4.8% on average over the past three years, according to Hedgeweek’s latest Insight Report.
Odey Asset Management, the hedge fund founder multi-millionaire Crispin Odey has backed a £6 million fundraising by Advanced Oncotherapy PLC (AVO), according to a report by ProactiveInvestors.
Odey Asset Management weighed in with £4.5 million as it and other supporters acquired new shares at a 19% premium to Monday’s closing price.
The report says that the new equity comes with a warrant attached exercisable above 25p a share and the the new cash will AVO bring its new proton beam therapy system for cancer treatments to market.
The Depository Trust & Clearing Corporation’s (DTCC) Report Hub service community now comprises more than 70 firms, including leading banks, major swap dealers, and some of the largest custodians, clearing houses and buy-side firms across the globe.
The increased adoption of Report Hub comes as the industry prepares for forthcoming regulatory changes in global derivatives trade reporting.
DTCC Report Hub is designed to assist firms with managing their pre and post reporting needs across 14 jurisdictions, covering global derivatives, SFTR and MiFID II.
When DTCC Report Hub and DTCC’s Global Trade Repository (GTR) services are used together, clients can
Shareholders in Toshiba Corp have voted in two board directors from activist hedge fund investors at the firm’s annual general meeting, along with 11 other candidates, according to a report by Reuters.
The two new directors are Nabeel Bhanji, a senior portfolio manager at Elliott Management, and Eijiro Imai, managing director at Farallon Capital Management. In addition, Akihiro Watanabe, an executive from boutique US investment bank Houlihan Lokey has been elected as chairman of the board.
The new appointments, Toshiba’s first major board reshuffle since June 2019, comes as the company is thought to be reviewing its strategic options including
US dollar-pegged stablecoin tether (USDT) has become a short target for crypto-focused hedge funds, according to a report by The Wall Street Journal.
US hedge fund Schonfeld Strategic Advisors is continuing its recruitment drive for staff at its London offices according to a report by eFinancialCareers.
The $13 billion manager set up its London operation in 2019 and earlier this month made a key addition to the team with the appointment of Niamh Taylor, a managing director in prime and alternative sales at JPMorgan, as its head of EMEA. The report says that one of Taylor’s main tasks is to oversee operations and recruitment across Europe.
A recently filed report with Companies House reveals that Schonfeld Strategic Advisors UK added 21 people in
