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Eurex’s established direct access model for the buy-side, ISA Direct, is being extended to broaden its availability to a greater range of market participants, including hedge funds.
These firms, and their counterparty dealer banks, will now be able to benefit to an even larger degree from the capital and risk management advantages that come through direct access to repo clearing at Eurex. Go live of the expanded model, ISA Direct Indemnified, is planned for the fourth quarter of this year after having recently received regulatory approval.
Alongside the launch of ISA Direct Indemnified, Eurex has this week published a
XTX Markets’ Execution Algo is now available on the BidFX Algo Hub, providing an implementation shortfall execution algorithm that BidFX clients can now access as algorithmic trading in FX continues to increase.
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DMA Prime, a provider of execution and prime brokerage services to institutional asset managers in South Africa, has selected TORA’s OEMS and TORA’s outsourced trading service.
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AI-based asset manager Quantumrock has proven that its flagship strategy, the Volatility Special Opportunities Program (VSOP), can make a positive contribution to earnings even in markets with low volatility.
Although the first half of 2021 was characterised by a bull market with low volatility, the VSOP strategy closed the last six months at +4.01 per cent.
Michael Zeller, CIO of Quantumrock, says: “At first glance what seems little compared to the S&P 500, is, if you look closer, a proof of the robustness of the VSOP strategy. It was designed as a hedge for volatile markets, but it shows
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.
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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
