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The hedge fund industry experienced net outflows in December with USD20.4 billion in redemptions, equivalent to a -0.44 per cent reduction in industry assets, according to the Barclay Fund Flow Indicator published by BarclayHedge, a division of Backstop Solutions.
The European Energy Exchange (EEX) has announced its role in the newly launched S&P GSCI European Power indices which utilise price data from EEX’ flagship European power futures contracts.
The new indices are a first of their kind for the power industry and will include German, French, Italian and Spanish power futures prices listed on EEX. As a result, potential investors now have a suite of credible and reliable performance benchmarks which track the price development of the power market, while reflecting the ongoing shift from fossil fuel reliance to a more sustainable energy mix.
ESG considerations have increasingly
Bybit, one of the world’s fastest-growing cryptocurrency exchanges, will soon release its USDC perpetual contracts. The new product will allow users to trade using their USDC balance on Bybit’s derivatives exchange.
Bybit’s new USDC perpetual contract will first open to whitelisted traders, allowing them to use USDC as collateral and place long or short contracts with up to 100x leverage and no expiration date.
Taking bitcoin perpetual as an example, traders will be able to place an order based on the quantity of bitcoin, and calculate the margin, profit, and loss based on USDC. The new contract joins Bybit’s other
An affiliate of New York-based hedge fund Standard General and private equity firm Apollo Global Management are to acquire US broadcast and digital media company TEGNA for USD5.4 billion.
Financial technology provider Iress is to expand its backbone infrastructure and QuantFEED platform to the new Euronext colocation site in Bergamo, Italy.
Iress is amongst the first market data vendors to take up residence at the new site, as Euronext builds out its new data centre at the location.
The agreement with Euronext provides Iress with hosting space and connectivity services which will allow them to continue to offer the lowest possible latency API data solutions to its customers. Iress will host part of its core market data platform from the new site, which will be an additional site supporting
Cboe Global Markets, a provider of global market infrastructure and tradable products, has promoted Greg Hoogasian to Executive Vice President, Chief Regulatory Officer. Hoogasian has also and appointed to the company’s executive leadership team.
Hoogasian was previously Senior Vice President, Chief Regulatory Officer at Cboe. In this new role, he will continue to oversee the regulation of Cboe’s US equities, options, futures and swap execution facility (SEF) markets, in addition to supporting regulatory oversight of the markets associated with Cboe’s further expansion into North America, Europe and Asia Pacific.
BEQUANT, a digital asset prime brokerage and exchange, has integrated Kraken on its prime brokerage platform, BEQUANT Pro, and added to the growing list of exchanges that BEQUANT offers to its clients.
BEQUANT Pro will act as a broker, providing BEQUANT’s clients access to the Kraken exchange. This is in addition to all of Pro’s features including transfer management, cross-margining and leverage and access to another 12 major exchanges, including Binance, FTX, KuCoin, Bitfinex, OKX and BEQUANT Exchange.
Kraken is a US-based exchange and bank founded in 2011. It is available in 176 countries and lists 112 cryptocurrencies to trade.
BarclayHedge has ranked the AXS Multi-Strategy Alternatives Fund (KCMTX) as the No1 performer among 83 funds in the Macro category for 2021.
Each year, BarclayHedge identifies top-performing funds based on quantitative data from BarclayHedge Databases.
KCMTX caters to investors seeking the ability to participate in the potential for equity market upside, while actively managing downside risk. The Fund is an equity-focused macro strategy that has benefited investors by virtue of its unique flexibility to invest globally and tactically, including long/short, across all asset classes. The Fund focuses on long-term growth of capital while seeking to manage volatility and market risk.
Avelacom, the low latency connectivity, IT infrastructure and data solutions provider for global financial markets, has joined the BitMEX Partner Programme for crypto derivatives trading.
Avelacom has pioneered low latency access solutions to crypto exchanges via its proprietary fibre network and has built low latency connections between BitMEX and other global markets. These facilitate arbitrage trades and help attract more trading firms to join cryptocurrency markets.
BitMEX utilise’s AWS’ data infrastructure in Ireland, accessed by users of the BitMEX platform across the globe. Avelacom owns ultra-low latency routes across multiple global locations as well as direct connections with the AWS
iCapital, a global fintech platform driving access and efficiency in alternative investing for the asset and wealth management industries, is leading a consortium to develop a distributed ledger-based solution for the alternative investment ecosystem.
The group will champion an industry-wide initiative to drive the next generation in operational efficiency, security, and convenience. The consortium, which includes leading asset managers, wealth managers, and service providers including Apollo, BlackRock, Blackstone, BNY Mellon, Carlyle, KKR, Morgan Stanley, State Street, UBS, and WestCap, will partner with iCapital to make it easier to acquire and service alternative assets.
While Apollo, BlackRock, Blackstone, BNY Mellon,
