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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
The Managed Funds Association (MFA), the trade association for the hedge fund and global alternative investment industry, has named new board leadership for 2021-2022.
Natalie Birrell, Partner & COO, Anchorage Capital Group, LLC, has been named Chair of the MFA Board of Directors. Birrell will serve a two-year term as MFA board chair effective 1 October, 2021. She succeeds Jon Hitchon, COO, Two Sigma Investments, who served as board chair since 2019.
Jim Rowen, COO, Renaissance Technologies, has been named Vice-Chair of the MFA Board. Kelly Rau, Audit Partner, KPMG, was named Treasurer of the MFA Board.
“I join the
Cosaic, a workflow solutions provider bringing smart desktop technology to the finance industry, has formed a strategic partnership with Reformis, a technology consulting firm for the investment management industry.
As a strategic Cosaic partner, Reformis will help bring interoperability to buy-sides by leveraging the power of Cosaic’s smart desktop platform, Finsemble.
“From big asset managers to smaller hedge funds, interoperability is shifting from nice-to-have to imperative across the buy-side,” says Dan Schleifer, CEO and co-founder of Cosaic. “It’s Reformis guiding these firms and spearheading buy-side interoperability projects.”
Reformis is a trusted name in buy-side tech initiatives, from data management solutions
Credit Suisse is shutting down most of its hedge fund prime brokerage services following significant losses incurred as a result of Archegos Capital Management’s collapse earlier this year.
The Trium Sustainable Innovators has launched the Leonie & Norman Institute, a new think tank focused on advocating ESG best practice within the asset management industry.
