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Cryptocurrency hedge fund Tyr Capital is tapping into growing investor appetite for digital assets with the launch of a new long-only fund next year, after its main multi-strategy vehicle increased assets and scored double-digit returns this year.
Its main multi-strategy fund, Tyr Capital Arbitrage, is now on track for a 25 per cent gain this year, with a Sharpe ratio above 3.5 since inception for its investors.
Launched in 2019, the strategy – which aims to generate alpha through a diversified set of arbitrage and relative value strategies – has quadrupled its AUM in 2021 thanks to surging investor demand,
After a rocky September and the crypto price crash wiping out hundreds of billions of dollars from the entire market, digital currencies quickly bounced back, driving the global crypto market cap to new record highs.
The TM CRUX UK Special Situations Fund has generated a 44 per cent return for investors over its first three years, underscoring the attractions of long-term capital growth through bottom-up, high-conviction investing in mispriced British stocks.
The Fund is ranked amongst the top 10 performers investing in UK companies over the last year and has grown to over GBP200 million AUM.
Launched in October 2018, the TM CRUX UK Special Situations Fund balances growth and value, investing in UK companies experiencing strong growth but are trading at attractive valuations. The Fund also backs companies where the prospects of management change
Linedata, a global provider of asset management and credit technology data and services, has unveiled its tenth Global Asset Management Survey Report in partnership with financial services insights and advisory firm, Aite Novarica.
The survey of 200 asset managers, hedge funds, fund administrators, banks, wealth managers and custodians across Europe, North America and Asia, highlights the current state of the industry, operational and technology trends that are shaping day-to-day practices and how the industry will continue to evolve.
Since the last survey was conducted, in 2019, much has changed from a global, regional and industry perspective. As the world navigates
Hedge fund managers generated further positive returns across all strategy types in October, which has swelled total global industry assets to a record USD4.04 trillion.
Credit Suisse will recommend hedge funds and other clients of its prime services business to BNP Paribas as part of a referral agreement between the banks, after the Switzerland-headquartered group unveiled plans to shutter its prime brokerage operations following losses stemming from the collapse of Archegos Capital Management.
EEX Group’s Global Power volume achieved an increase of 29 per cent year-on-year to a total volume of 804 TWh.
European Power Derivatives increased by 18 per cent y-o-y to 493 TWh. Greek Power Futures registered a new monthly record with 7.6 TWh traded (+761 per cent), while Nordic Power Futures also achieved a strong increase of 465 per cent, and Japanese Power Derivatives reached a volume of 702 GWh (+530 per cent).
Nodal’s US Power Derivatives recorded 256 TWh – a new monthly record and an increase of 67 per cent against October 2021.
EEX Group Natural Gas markets achieved
The Alternative Investment Management Association (AIMA) has just published new research exploring where hedge funds are sourcing talent and the steps taken to retain employees during the so-called ’Great Resignation’ and what roles (such as ESG specialists) will be most in demand in near future.
Asked what they are doing to help develop talent in a remote working environment, the most popular answer given by hedge funds was regular online meetings (78 per cent), followed by webinars and online seminars (50 per cent) and coaching — both external and internal — (44 per cent).
The paper, “Gaining an Edge”,
Exchange Data International (EDI) will provide market participants with Foreign Marginable Securities (FMS) data that determines portfolio margin eligibility for non-US securities.
Earlier this year the OCC decided to discontinue their Foreign Marginable Securities daily feed. This program will now terminate as of 12 November, 2021. The purpose of the feed was to list securities trading on non-US markets that have a “ready market” position.
EDI has been offering a feed that is similar to OCC’s to a select group of clients since 2016. This feed is now available to all market participants via EDI.
Jonathan Bloch, CEO at EDI,
Alternative investment platform CAIS, has appointed Abby Salameh as Chief Marketing Officer, effective 8 November. Based in the New York office, Salameh will report to CAIS Founder and CEO, Matt Brown, and join the Executive Committee.
“We are thrilled to have Abby join our leadership team in this newly created role, as her deep expertise in the wealth management industry, and shared passion for democratising alternative investments will be integral to driving our business forward,” says Brown.
Salameh brings over 25 years of experience serving the independent advisor community, most recently as Chief Marketing Officer at Hightower Advisors, where she
