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The largest European short position in the last week of May was registered by Ennismore Fund Management Ltd in C&C Group PLC, accounting for 3.29% of total aggregated European short positions by size.
That’s according to SEI Novus’ monthly pan-European short position data for May, which reveals the most significant market trends and moves.
Citadel Alternative Asset Management LP’s position in Koninklijke Philips NV (Dutch healthcare technology company), took second spot accounting for 1.03% and AQR Capital Management LLC’s position in Cellnex Telecom, S.A (Spanish wireless telecommunications infrastructure and services company) was third, accounting for 0.71%.
Marshall Wace
Mercari, which operates a licensed Australian Tier 1 wholesale financial derivatives exchange, has selected METACO, a provider of digital asset custody orchestration technology to complex, global financial institutions, to launch its institutional digital asset custody operations.
Mercari is deploying its technology on IBM Cloud in order to leverage the confidential computing capabilities of IBM’s digital asset infrastructure.
Mercari has been developing a growing suite of crypto-asset investment services. In January, it launched the Mercari DAR Crypto Reference Rates, the first local and robust AUD crypto-asset benchmarks for the Australian and Asia markets.
To launch its institutional digital asset custody offering,
Man Group has selected Percona, a specialist in open source database software and services, to provide support for its critical applications that depend on MongoDB.
Percona will provide Premium Support to Man Group’s Alpha Technology division, guaranteeing uptime for its core research and trading data applications.
Man Alpha Technology, responsible for the infrastructure and systems facilitating investment decision-making at Man Group, will have access to Percona’s MongoDB subject matter experts to ask questions through consultative support. Man Group is also using Percona Monitoring and Management (PMM), an open source database observability, monitoring and management tool.
Graham Capital founder Kenneth Tropin believes hedge funds are currently experiencing the best conditions for trading bonds and currency markets since the global financial crisis of 2008, according to a report by The Financial Times.
Graham cites high levels of inflation and supply chain bottlenecks for the creation of favourable conditions that are allowing macro managers to benefit as central banks rapidly raise interest rates to combat surging inflation.
“I can’t recall a more interesting time to be a macro investor since the financial crisis. We’re finding a lot of opportunities,” Tropin is quoted as saying in an interview with
Hedge fund manager Elliott Associates has launched a $456 million lawsuit against the London Metal Exchange (LME) following the suspension and cancellation of nickel trades on the Hong Kong Exchanges and Clearing-owned platform, according to a report by Reuters.
Digital token trading platform Bitfinex has launched a suite of new trading pairs for Ttther Mexican peso (MXNt), a stablecoin pegged to the Mexican peso and the fourth version of the world’s biggest stablecoin.
The launch of MXNt marks tether’s entry into the Latin American market and is the fourth tether stablecoin to be made available on the platform, adding to tether tokens (USDt), tether euro (EURt) and the offshore tether Chinese yuan (CNHt).
The following trading pairs will be available: BTC/MXNt, BTC/MXNt, MXNt/USD, MXNt/USDt and MXNt/EURt.
Family office SureFire Capital’s multi-strategy hedge fund notched up a +22.1% return in April 2022 as well as an estimated +10% in May 2022 amid challenging market conditions.
The underlying quantitative hedge fund strategy, focused on the Nasdaq-100 Index, incorporates trend, momentum, and volatility factors.
Cboe Global Markets, a provider of global market infrastructure and tradable products, has acquired NEO, a fintech organisation comprised of a fully registered Canadian securities exchange (NEO Exchange) with a diverse product and services set ranging from corporate listings to cash equities trading and a non-listed securities distribution platform (NEO Connect).
NEO Exchange is a next generation stock exchange focused on fairness, liquidity, transparency and efficiency that brings together investors and capital-raisers, serving as a central force driving the Canadian capital markets forward. NEO Connect provides a distribution platform supporting mutual funds, private funds and private corporates.
With ownership
JonesTrading Institutional Services (JonesTrading) has appointed industry veterans Jorge Hendrickson and Mark McGoldrick as managing directors, and co-heads of JonesTrading Prime Services.
Each brings over two decades of experience in the space.
JonesTrading has been increasing their presence in Prime Services over the past several years and now has in place the sales management to offer a robust hybrid of high touch coverage and technology for better execution, reporting and service. Hendrickson and McGoldrick will further increase our presence and will drive growth. They will also be responsible for cross selling the full suite of Jones services.
Prior to joining
Value Partners Group Limited has promoted Kelly Chung to investment director, head of multi-assets, effective 1 June 2022.
In her new role, Chung will continue to report to the Group’s co-chairmen and co-chief investment officers Dato’ Seri Cheah Cheng Hye and Louis So.
Chung joined Value Partners in April 2016 as Senior Fund Manager and was able to build the multi-asset franchise with an outperformance track record against peers. She has been playing a key role in investment allocation and the portfolio construction process of the Group’s multi-asset portfolios, leading the development of the Group’s asset allocation platform. She
