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French systematic long/short equity hedge fund Quantology Capital Management’s flagship fund was up +4.0 per cent in February, while the Nasdaq 100 and S&P 500 were down -4.6 per cent and -3.0 per cent, respectively over the month.
An investor update from the firm says the strategy benefitted from high levels of dispersion and elevated volatility in the equity space.
Quantology’s says its long book performed very well, remaining flat, again when stocks were down 3 per cent to 4.6 per cent. The short book gained 8 per cent or roughly double the losses of the equity indices. Coming
Maples and Calder, the Maples Group’s law firm, has promoted two of its lawyers in Asia, Andrew Wood and Josie Ainley, to Partners in the firm’s Asia Funds & Investment management practice.
Andrew’s practice focuses on investment funds for Asian clients and includes advising on all aspects relating to the formation and maintenance of both private equity and hedge funds.
Ainley meanwhile, focuses on investment funds for international clients advising on all aspects relating to the formation and maintenance of both private equity and hedge funds, including extensive regulatory advice.
Notably, the firm’s Asia Funds & Investment Management practice led
EEX Group’s European Spot markets reached a volume of 49.9 TWh in February with Intraday Spot markets growing by 10 per cent to 10.6 TWh during the last month.
Hedge fund Infinity Q is facing a potential class action law suit filed by investors after the fund’s founder was charged with fraud by the US Securities and exchange Commission (SEC), according to a report by JD Supra.
Alan Howard founder of hedge fund Brevan Howard has led a USD7.5 million Series A funding round in Nested, a social trading platform that enables users to create and invest in “financial NFTs”, according to a report by CoinBase.
Goldman Sachs is severing its business association with Islet Management, Joseph Samuel’s block trading hedge fund, according to a report by Bloomberg.
The moves comes as US regulators are looking into the communications between banks and hedge funds engaged in the trading of large blocks of stock.
Neither Goldman have been accused of any wrongdoing in investigations being conducted by the US Department of Justice and the Securities and Exchange Commission.
Xpansiv, a global marketplace for ESG commodities, is to acquire a 100 per cent ownership stake in APX, Inc, a provider of registry infrastructure for energy and environmental markets.
Upon receipt of regulatory approvals, Xpansiv will initially acquire a 20 per cent minority ownership interest in APX and is expected to acquire the remaining stake later this year.
The parties have previously partnered to launch various spot contracts for voluntary carbon and renewable energy credits, and in 2019 Xpansiv acquired EMA from APX. EMA is a multi-registry environmental portfolio management system, through which more than one billion environmental credits were
LPA, a capital markets technology and advisory firm, has appointed Paolo de Vito as its new Head of Business Development, Italy.
In his role, de Vito will lead the opening of the Italian branch of LPA and be responsible for the business development, strategy, and growth of LPA’s activity in the region. Paolo will be based in Italy and will work to help LPA’s clients to transform and digitise their activity, maximising productivity and ensure regulatory compliance.
De Vito has over 25 years of international experience in the marketing and sales of services and technologies in financial services and
Chronicle Software (Chronicle), a provider of low latency technology solutions for the financial services industry, has expanded its ultra-fast, high performance trading solutions suite with the release of the Chronicle Matching Engine.
Developed in response to client demand for an asset-agnostic, low latency matching solution, the new Chronicle Matching Engine offers order matching, validation and risk checking capabilities for multiple order types including time in force order instructions.
Its scalable, modular and flexible design means that clients can adopt all or some of the Matching Engine software both to create new and support existing proprietary trading solutions, and can
Elevation Securities has hired Paul Young as Senior Managing Director, Senior Special Situations Analyst in the Special Situations Group.
Young will be based in New York City and report to Ian Harris, Senior Managing Director and Head of Research, who leads the Event Driven team.
Young joins Elevation Securities with over two decades of industry experience, most recently as a Senior Analyst on the Event Driven Research team at Olivetree Financial. Previously, he held similar positions at UBS, Bank of America, Wells Fargo and Truist.
Elevation Securities has a dedicated team of analysts, data scientists, consultants and sales professionals who
