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The hedge fund industry continued its winning ways in June, returning +0.88 per cent on the month, according to the Barclay Hedge Fund Index compiled by BarclayHedge, a division of Backstop Solutions.
This marks the eighth consecutive month of positive results for hedge funds. On a year-to-date basis, the Barclay Hedge Fund Index shows a compounded return of +8.99 per cent.
The majority of the hedge fund sub-sectors were also in positive territory in June. Perhaps the most notable of which was the Technology Index which rebounded emphatically from a modest loss in May with a +4.74 per cent return
AXIS Capital Holdings Limited (AXIS Capital) has appointed Chris Caponigro as Global Head of AXIS ILS and rebranded its third party capital unit as AXIS ILS.
Envestnet and iCapital Network1 (iCapital) have announced a strategic relationship to deliver access to curated UBS and iCapital alternative investment products through Envestnet’s platform. To power the initiative, Envestnet will launch the Alternatives Exchange, a new solution designed to provide these products to the firm’s clients, leveraging iCapital’s turnkey technology through single-sign-on access.
“UBS has a long history of partnering with leading technology companies, like Envestnet and iCapital, to help broaden the firm’s distribution network of its products and services,” says Tom Naratil, President Americas at UBS. “This strategic relationship will enable us to scale our product offering for investors
Cryptocurrency exchange FTX is joining ClearLoop, Copper’s unique instant settlement trading network. Copper’s client base of over 300 institutional asset managers will now be able to trade FTX’s innovative range of products seamlessly with their funds safely secured within Copper’s platform.
Read the full story at Institutional Asset Manager…
Silver Creek Capital Management (Silver Creek), a boutique alternative investment manager, has appointed Brendan Connor, former Executive Director and a strategy head within the Absolute Return Strategies group at GCM Grosvenor, as a Managing Director.
In this role, Connor will serve as a portfolio manager for select Silver Creek hedge fund strategies and build upon the firm’s longstanding history of managing a diversified portfolio of long-term alpha generators irrespective of market conditions. Based in Seattle, Connor reports to Art Zaske, Silver Creek’s Deputy Chief Investment Officer.
“Brendan is a respected industry executive whose deep cross asset investment and portfolio
MDOTM, a European specialist in developing AI-Driven investment strategies for institutional investors, has appointed Lucrezia Grasso as its new Senior Vice President of Business Development.
Grasso, who will be based in Milan, has worked for 10-plus years in London gaining significant experience in the asset management industry. Before joining MDOTM, she was Citigroup’s Hedge Fund & Real Money Rates Sales Director, where she gained in-depth knowledge of large institutional investors such as MAN Group, Brevan Howard and Bridgewater Associates and their sophisticated quantitative investment strategies.
With Grasso, MDOTM strengthens its Business Development team led by Axel Maier that over the
CME Group’s international average daily volume (ADV) reached 5.1 million contracts in Q2 2021, up 6 per cent year on year.
Reflecting all trading done outside North America, this volume was driven by global growth in Agricultural and Interest Rate products, up 30 per cent and 42 per cent respectively. Agricultural products also established record quarterly volumes in Europe, Middle East and Africa (EMEA), as well as Asia Pacific and Latin America.
“In the second quarter of this year, we saw strong interest across our international client base, especially in our Agricultural products which established record quarterly volumes,” says William
Join us on 2 December for Institutional Asset Manager, Hedgeweek and Private Equity Wire’s global summit as we analyse the key issues, changes and opportunities for fund managers, asset owners, intermediaries and advisors in the fast-evolving world of ESG and green investing.
LGT Capital Partners has appointed Mark Miller as Head of LGT Capital Partners (UK) Limited succeeding Mark White, CEO at LGT Capital Partners (UK) Ltd. The change is subject to regulatory approval.
Miller joined LGT Capital Partners in June 2020 as Head of UK Business Development from Federated Hermes – International where he was Head of Global Client Group. Miller has previously worked in senior business development roles at Amundi, Blackstone Alternative Asset Management and Fidelity International. In his new role Mark will assume overall responsibility for LGT Capital Partner’s UK office and client business.
White joined LGT Capital Partners
Exchange Data International (EDI), a provider of global security corporate actions, pricing, and reference data services, has partnered with XTAL Strategies, with the aim of supporting XTAL’s new regulated private market benchmark initiative.
Read the full story at Institutional Asset Manager…
