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The biotechnology sector has become a hunting ground for hedge funds on the look out for bargain stocks, according to a report by The Financial Times.
After a sharp selloff which has seen a Nasdaq index of biotech stocks shed almost a third of its value since hitting an all-time high in August last year, managers are betting that the sector now provides investment opportunities.
The report says that some managers believe that biotech stock have fallen too far when drug development prospects are taken into consideration and are “buying up stocks on the cheap”.
London-based Infinity Investment Parters, which
FundFront, an alternative investment platform and a fintech company based in London, has partnered with Icon Asset Management (Icon), bringing MoSAIQ’s proprietary systematic and data-driven investment strategy to the FundFront platform with the launch of IMMS.
The IMMS product emulates Icon MoSAIQ Max Sharpe strategy, that aims to deliver market neutral returns through investment across US large cap equities. In a segregated structure supervised by FundFront, a mandate is given to Icon to implement the strategy subject to specific investment guidelines and risk management policies. FundFront’s unique tech-based platform offers the IMMS strategy with daily liquidity, independent valuation, and risk
More than seven out of ten (71%) executives working for buy-side financial services firms across the UK, US and Asia say their organisation uses more than five ESG data sources.
The average number of sources used by these businesses is 9.3, with the US using the most (9.7) and Asia with the least at 8.9.
These findings are among the highlights of new research commissioned by Alveo, a provider of cloud-based market data management services, polling executives working for buy-side financial services firms in the UK, US and Asia. In terms of ESG data set types, organisations across all three
Activist hedge fund Cannell Capital has acquired close to a 13% stake in medical device company Neuronetics, according to a report by the Philadelphia Business Journal, and is now seeking a seat on the company’s board.
Diligend, a cloud-based due diligence software provider for asset allocators and managers has partnered with Suite2Go, a specialist consultancy headquartered in Australia that connects FinTechs with financial services organisations.
SphereInvest Group (SphereInvest), privately-owned, specialist Investment Management company, has marked the 10-year anniversary of its Global Credit Strategies Fund, which commenced trading on 2 July 2012.
Over the last decade, the Global Credit Strategies Fund has consistently outperformed peers, delivering a Sharpe of 1.3 since inception and has been recognised for its strong, risk adjusted performance, being nominated for a number of industry awards.
The fund is a dynamically traded, unconstrained and opportunistic fixed income fund, which invests across a globally diversified, high conviction portfolio of corporate bonds and, at times, short-duration US Treasuries.
Managed since inception by
Horizon Software, a provider of electronic trading solutions and algorithmic technology, has appointed Olivier Masdebrieu as chief technology officer (CTO).
Masdebrieu, who joins from rival trading systems vendor Itiviti, will be responsible for continuing to develop Horizon’s technology platform and leading global teams to deliver new generation of strategic solutions. He will oversee the engineering teams to help them grow and become more efficient and resilient.
Throughout his career, Masdebrieu has served as global head of Index and Structured Product Electronic Trading for Morgan Stanley in London and Hong Kong, where he also held the positions of managing director
Bitpanda Custody has joined the Bosonic Network to meet the growing demand from institutional clients for a UK-based digital asset custodian.
Bitpanda Custody (formerly known as Trustology) will also join the ‘Bosonic Cross Custodian Net Settlement (CCNS) Working Group’ as Bosonic prepares to launch the service later this year. This will be an industry first, and set a new standard for payment versus payment (PvP) atomic swap settlement and netting across an institutionally aligned and global network of independent custodians, eliminating counterparty credit and settlement risk between these institutional players.
Hedgeweek has announced the winners of the Hedgeweek European Digital Assets Awards 2022, which recognise excellence among fund managers and service providers in the digital assets space.
Confidence levels reported by hedge funds remain upbeat despite continued economic and geo-political headwinds impacting the global economy, according to the AIMA Hedge Fund Confidence Index for Q2 2022.
The average measure of hedge fund confidence in the economic prospects for the coming 12 months is +17.8, just under one point higher than the score reported in the first quarter of the year.
The index is based on a poll of 360 hedge funds, accounting for approximately $2.3 trillion in assets.
In terms of performance, hedge fund returns continue to be mixed, with some fund strategies experiencing a challenging start
