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Global hedge fund industry assets are surging to record levels.
New data published by BarclayHedge shows total industry assets have now mushroomed to USD4.4 trillion, with hedge funds raking in USD18.3 billion of new inflows from allocators during July, as managers scored a USD7.3 billion trading profit for the month.
Hedge funds have now recorded a fifth consecutive month of positive investor flows, after allocators poured in USD16.6 billion in June, USD36 billion in May, USD23.3 billion in April and USD19.1 billion in March, according to the Barclay Fund Flow Indicator.
In the 12-month period to the end of July,
The SS&C GlobeOp Forward Redemption Indicator for September 2021 measured 2.45 per cent, up from 2.24 per cent in August.
“SS&C GlobeOp’s Forward Redemption Indicator for September 2021 was a very favorable 2.45 per cent, reflecting lower redemption notices compared to the 3.43 per cent reported a year ago,” says Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies. “This improvement marked the fifteenth consecutive month of year-over-year reduction in monthly redemption notices.
“Moreover, the 2.45 per cent level of redemptions is the lowest reading for any month of September since the inception of the Forward Redemption Indicator in 2008.”
Quant Insight (Qi), a new quantitative financial market analytics and trading insights provider, has announced a major scale up after four years of research and development and over USD10 million in funding from three investment rounds.
The company, which has offices in London, New York and Limassol, has clients with total Assets Under Management (AUM) of over USD2.5 trillion incorporating Qi’s analytics in their investment process. It is led by experienced macro hedge fund portfolio managers and leading academics in machine learning and signal extraction from Cambridge, Harvard and Princeton, in addition to best-in-class data engineers.
Quant Insight’s AI-based
Professor Álvaro Cartea has been appointed as the new Director of the Oxford-Man Institute of Quantitative Finance (OMI), an academic research institute at the University of Oxford that specialises in machine learning and data analytics within quantitative finance.
Professor Cartea brings significant expertise in algorithmic trading, mathematical finance, financial economics, asset pricing and energy markets to the leadership role. The Oxford-Man Institute is in its 15th year of continuous operation at an exciting time within quantitative finance for advances in machine learning, vast data availability and high-performance computing.
Álvaro is currently Professor of Mathematical Finance in the Mathematical Institute,
Northern Trust is to take an equity stake in Essentia Analytics, a provider of behavioural analytics and consulting services.
The addition of Essentia behavioural analytics solutions is an extension of Northern Trust Whole Office, a strategy that facilitates client access to new technologies, services and solutions across the investment lifecycle.
“We continue to pursue a strategy that combines Northern Trust’s global architecture with innovative partners like Essentia to help clients maximise the value of their data and optimsze investment performance,” says Pete Cherecwich, President of Corporate & Institutional Services at Northern Trust. “Essentia’s next generation data analytics technology allows
Audrey Strauss, United States Attorney for the Southern District of New York, sentenced Stefan He Qin to seven years in prison for fraud and embezzlement.
Quadratic Capital Management, an innovative asset management firm, today announced the launch of the Quadratic Deflation ETF (NYSE Arca: BNDD).
Edge Focus, a technology company that applies machine learning and artificial intelligence to analyse credit, has entered into a strategic partnership with prominent hedge fund Brevan Howard and global quantitative trading firm DRW.
“I cannot think of two better complementary partners to enable us to accomplish our ambitious goals while using our technology to lower the cost of capital for millions of borrowers,” says Elliott Lorenz, co-founder and CEO of Edge Focus.
“We are delighted to partner with Edge Focus, whom we view as an exciting and innovative manager in the field of consumer credit,” says Aron Landy, CEO of
The Australian Securities and Investments Commission (ASIC) has banned Dylan Christopher Rands, of Sydney, NSW, from providing financial services for five years after finding he engaged in market manipulation.
Rands was a former dealer and portfolio manager at AUD2 billion hedge fund group Regal Funds Management Pty Ltd (Regal). As part of his portfolio-manager role, Rands managed trading in Clearview Wealth Limited shares, which were held in several Regal funds.
ASIC found Rands engaged in manipulative trading in relation to Clearview Wealth shares and breached the Corporations Act when, between December 2018 and June 2019, he entered into 112 uncommercial
South Street Securities LLC (SSS) has appointed Andrew Leone as Managing Director in its Equity Finance Team.
“We are in our next phase of growing our Equity and technology offering and I see Andrew’s experience and knowledge as the perfect fit for our team and expanding our client base,” says Anthony (Tony) Venditti, Managing Director of South Street Securities. “I am thrilled that Andrew has the lead role in Equity Finance at our firm. We wish him the best of luck!”
Leone joined South Street Securities LLC in September 2021 as Managing Director of Equity Finance. He is imperative in
