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By Andrew Beer (pictured), founder and managing member of Dynamic Beta Investments – Almost overnight, allocators started to swap out fixed income exposure for hedge funds. What’s driving this? Two trends: after large and sudden drawdowns in both 2020 and 2021, many allocators simply want out of traditional fixed income; meanwhile, with alpha back, hedge funds appear to have much better return potential with comparable or lower risk.
Let’s start with the first trend. The difficult reality today is that fixed income investors face paltry expected returns with potentially big downside risk.
Take AGG, an ETF that tracks the Barclays
Quant technologies provider SigTech advises systematic investment managers not to assume that an approximation of trading costs is accurate enough to account for real world trading frictions, in a recent paper entitled ‘How to Control the Hidden Costs of Systematic Investing’.
ComplySci, a provider of regulatory technology and compliance solutions for the financial services sector, has launched an M&A growth strategy with the acquisition of National Regulatory Services (NRS), an provider of compliance consulting services and technology solutions for investment advisers, broker-dealers, hedge funds, private equity firms, insurers and other financial services firms.
The transaction further strengthens and expands ComplySci’s ability to support its financial services clients’ compliance needs by combining its technology, which automates and streamlines mission-critical employee compliance functions, with NRS’ longtime, hands-on expertise in helping clients navigate the ever-changing industry regulatory environment.
Moving forward, NRS – which
Private markets digital platform has achieved USD4 billion-plus in assets and deals in a year as it continues rapid growth which has seen more than 70 financial institutions across Europe, North America, the Middle East, South America and Africa using its technology in 2021.
VALK, which is backed by venture capital funds and strategic financial investors R3, SIX Group, Ascension Ventures and Metavallon, has seen growth of 2,500 per cent in just nine months, having only celebrated hitting USD1 billion in deals in M&A and fund-raising activity just five months ago.
The London-based company enables clients including investment banks, hedge
Macquarie Asset Management (MAM), the asset management division of Macquarie Group, has agreed to acquire New York-based Central Park Group (CPG), an independent investment advisory firm delivering private client access to institutional hedge fund, private equity, real estate and funds-of-funds.
The agreement underscores MAM’s commitment to offering individual investors a diversified platform of institutional-quality alternative investments managed by Macquarie and other leading sponsors.
With more than USD3.5 billion in assets under management, Central Park Group is a pioneer in providing financial advisors and their clients access to top alternative investment talent in structures specifically designed to meet the needs
Fixed income investment manager PIMCO has hired Ayman Hindy as Managing Director overseeing Portfolio Management Reengineering and Infrastructure. He will be based in Newport Beach and will report to Dan Ivascyn, Managing Director and PIMCO Group Chief Investment Officer.
Hindy will also work closely with Manny Roman, Managing Director and PIMCO Chief Executive Officer, on certain business initiatives which impact portfolio management.
In this newly created role, Hindy will bring a unique mix of experience in both investment management and academia, with a record of success in building trading platforms and infrastructure. His range of skills in the hedge
Genesis, the low-code/no-code platform built for financial markets, has launched a beta version of Genesis Studio, a full-stack no-code builder tool, along with the Genesis Academy pilot education programme, as part of its newest platform updates.
Genesis Studio is a full-stack no-code development environment for building real-time applications for financial markets. It allows users to design their data model and user interface in a single tool, simplifying the creation of event-driven applications that require high performance and resilience. More on Genesis Studio:
Genesis Studio integrates directly with source control technologies such as Git, enabling a seamless development experience between no
Hedgeweek has announced the winners of the Hedgeweek Americas Awards 2021, compiled in conjunction with Bloomberg, which were presented at an exclusive awards presentation ceremony and industry networking event at The University Club in New York.
The SS&C GlobeOp Forward Redemption Indicator for October 2021 measured 1.56 per cent, up from 2.45 per cent in September.
“SS&C GlobeOp’s Forward Redemption Indicator reached an all-time record low of 1.56 per cent for October 2021, making it the lowest level of monthly redemptions in the history of the Forward Redemption Indicator, going back to its inception in 2008,” says Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies. “On a year-over-year basis, the 1.56 per cent compares very favourably to the 2.84 per cent reported for October 2020 and marks the sixteenth consecutive month of year-over-year improvements.
“With
Total hedge fund industry assets have swelled to almost USD4 trillion globally, a rise of nearly USD370 billion since the start of this year, according to new capital flows data.
