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AltsAxis has launched AXIS, a mobile-first solution facilitating connections between alternative asset managers and family offices, pensions, endowments, foundations, sovereign wealth funds, RIAs and wealth managers.
US interest rates will have to increase a lot more than Federal Reserve boss Jerome Powell is currently planning if inflation is to be controlled effectively, according to one of the top strategists at Bridgewater Associates, the world’s largest hedge fund.
In a report by Bloomberg, Rebecca Patterson, who has previously been a member of the Fed’s advisory committee, is quoted as saying that: “Markets are discounting that you are going to have inflation not back down to 2%, but to around 3%, over the next three years – and that’s with a lot of Fed tightening. The question to
The hedge fund industry turned back to outflows in February, experiencing -$3.19 billion in net redemptions, -0.07% of industry assets, according to the Barclay Fund Flow Indicator published by BarclayHedge, a division of Backstop Solutions.
Despite the trading losses and redemptions, data coming in from newly added funds led our models to show an increase in hedge fund industry assets to $5.04 trillion.
Subsectors reporting inflows in February included Multi-Strategy funds bringing in $10.11 billion; Convertible Arbitrage funds attracting $2.57 billion; Emerging Markets – Global funds adding $2.03 billion; Merger Arbitrage funds with $1.57 billion in inflows; and Sector Specific
Huobi Technology Holdings Limited’s (Huobi Tech) wholly-owned subsidiary Huobi Asset Management (Hong Kong) Limited (Huobi AM), has launched an IPFS infrastructure mining fund, an important step in our Web 3.0 roadmap.
This new fund product is currently available for professional investors only.
Top Value Limited, a subsidiary of ChainUp Group, is the technical advisor for this project and will combine its experience and strengths to provide a professional mining fund technical strategy.
The newly-launched IPFS infrastructure mining fund (the Fund) will look for interests in companies that are engaged in cryptocurrency mining activities and companies that support or facilitate the
Pragma Financial Systems, a specialist in multi-asset execution technology, has entered into a multi-year agreement with the New York Stock Exchange to provide NYSE equity floor brokers with Polaris, a trading platform customised to the needs of the floor brokers and their clients.
Pragma’s Polaris, a high-performance EMS, incorporates an HTML5 interface to provide the floor brokers with dynamic visualisations, customised alerting, complex workflows and algorithmic execution; and leverages the sequencer architecture to ensure low latency, determinism, redundancy and scalability.
A backlash from investors has prompted struggling hedge fund Melvin Capital Management to ditch plans to start charging performance fees again despite incurring heavy losses, according to a report by The Wall Street Journal.
Melvin Capital boss Gabe Plotkin last week wrote to investors outlining a plan to effectively launch a new slimmed down $5 billion fund to replace the firm’s original fund and reinstate performance fees, despite investors sitting on a 51.8 per cent loss in the first three months of the year.
Plotkin is quoted as saying: “I am sorry. I got this one wrong. I made a
As hedge funds continue to tap into alternative datasets to help manage risk and boost performance, the need for managers to strengthen their expertise in sourcing, testing and processing information is now critical.
Horizon Software, a specialist in market making and algo trading technology, has expanded its trading platform to include low-touch direct market access (DMA) order routing.
Horizon is enhancing its capabilities to enable handling of high-volume order flows from clients to the market. This represents a continuation of the effort to improve the handling of client order flow for agency trading, on a single platform for both cash and derivatives.
The DMA router integrates with Horizon’s existing connectivity offering, to efficiently route High-Touch order flow to Horizon’s order management system (OMS), and low-touch order to the breadth of direct market
Hedge fund Elliott Management is to invest in a special purpose acquisition company (SPAC), according to a report by the Financial Times.
SPACs have fallen out of favour with many investors in recent months, but Elliott, along with New York investment firm Siris Capital, is to invests $20 million in a SPAC deal for travel tech group Mondee. The deal values Mondee at $1 billion.
Qontigo, a provider of risk, analytics, and index solutions, has enhanced its Axioma Credit Spread Factor Risk Model (Credit Factor Model) with the addition of credit default swaps (CDS) and increased factor coverage.
The model results in better risk forecasting for asset managers, asset owners and hedge funds with portfolio exposure in the high yield and investment grade space.
The Axioma Credit Spread Factor Risk Model can be accessed within Qontigo’s award-winning cloud-native enterprise portfolio risk management system, Axioma Risk, and has also been designed to work with portfolio optimisation tools. For example, by uploading risk model and exposure files
