Latest News
Investcorp, a provider and manager of alternative investment products, in partnership with Mercury Capital Advisors, an institutional capital raising and investment advisory enterprise, IMD Business School and Banque Pâris Bertrand, an independent, Swiss-regulated private bank based in Geneva and Luxembourg, have announced the results of the second iteration of the annual survey, “What’s Next? Investment Trends for the Future.”
Read the full story at Institutional Asset Manager…
Avelacom, a low latency connectivity, IT infrastructure and data solutions provider for global financial markets, is partnering with LDA Technologies, a vendor of ultra-low latency FPGA products, to deploy FPGA-enabled devices across its network, further reducing latency and enabling high frequency, algorithmic trading firms to improve their trading performance.
The latest generation of LDA’s FPGA-enabled network devices reduce latency by performing extensive packet validation and switching in less than 50 nanoseconds, at least three times faster than conventional switches, while also improving the network efficiency by using innovative bandwidth management algorithms. Pilot devices are deployed on its key ultra-low latency
The Intraday Power market, operated by EPEX Spot, grew by 3 per cent to 9.4 TWh in June (June 2020: 9.1 TWh), with the Dutch market achieving a record volume of 561 GWh (previous record: 472 GWh in May 2021). The Danish Day-Ahead market achieved its second best month with 978 GWh traded.
On the European Power Derivatives market, volumes in Spanish Power Futures increased by 8 per cent to 15.4 TWh. In addition, the power futures for Belgium (+150 per cent), the Nordic countries (+263 per cent), Austria (+188 per cent) and Greece (+578 per cent) all recorded triple-digit
Bitfinex, a state-of-the-art digital token trading platform, has upgraded the exchange’s matching engine in a move that bolsters the exchange’s capacity to handle spikes in volatility as volumes continue to surge, driven by increasing numbers of institutional investors entering the space.
Read the full story at Institutional Asset Manager…
Hedge funds betting against Sainsbury’s have taken a dent after the UK supermarket giant’s share price rose this week on the back of strong Q1 sales numbers, prompting the FTSE 100-listed firm to revise its profit outlook upwards.
A number of well-known hedge funds – including BlackRock, Marshall Wace and Citadel – have built negative wagers against Sainsbury’s lately, while the likes of Pelham Capital and Third Point continue to hold longer-standing bearish bets, according to regulatory disclosures made to the FCA.
The UK’s second biggest supermarket chain – which is one of the ‘Big Four’ grocers alongside Tesco, Asda,
The Securities and Exchange Commission has announced fraud charges against Sean Wygovsky, a trader at a major Canada-based asset management firm, in connection with a long-running and lucrative front-running scheme that he perpetrated in the accounts of his close family members, netting more than USD3.6 million in illicit gains.
According to the SEC’s complaint, from approximately January 2015 through at least April 2021, Wygovsky repeatedly traded in his family members’ accounts held at brokerage firms in the United States ahead of large trades that were executed on the same days in the accounts of his employer’s advisory clients. On over
Hedge funds had a mixed month in June, according to the latest Man FRM Early View. The largest contribution to performance came from a pick-up in FX volatility, which led to significant losses for several CTA managers, although some of these losses were recovered by month end.
Man Group says that other strategies benefited from what was a general ‘risk-on’ sentiment throughout the month, albeit with periods of turbulence in the middle of June.
Equity long-short managers benefitted from the strong month for global equity markets broadly, while credit managers also benefitted from the good month for risk assets,
Digital assets investment products saw positive inflows (USD63 million) for the first time in five weeks breaking a four-week run of outflows, according to the latest Digital Asset Fund Flows Weekly report from CoinShares.
Inflows were seen across all individuals digital assets for the first time in nine weeks, perhaps implying a change in sentiment among investors.
Bitcoin saw the highest inflows (USD39m million), although bitcoin investment product trading turnover was at its lowest level since November 2020.
Davis Polk has appointed Sheila Adams, Matthew Bacal, Ning Chiu, Ethan Goldman, David Hahn, Eric McLaughlin, Adam Shpeen, Travis Triano and Steve Wang as partners of the Firm, effective July 1, 2021.
Shpeen joins the firm’s Restructuring practice in New York.
He has significant experience representing debtors, creditors, banks, hedge funds and other strategic financial actors in connection with complex chapter 11 and out-of-court restructurings, including prepackaged and traditional bankruptcies, liability management transactions, debt exchanges, credit transactions, debtor-in-possession financings, exit financings and section 363 sales.
Equiti, a fintech firm and provider of online trading technology and multi-asset financial products, has chosen FlexTrade Systems’ MaxxTrader Foreign Exchange Platform Solution for its Prime of Prime Services Offering.
Sell-side FX broker dealers are now more than ever looking for single source FX trading solution that allow them to stay ahead of the game in the fast moving and competitive FX markets. MaxxTrader will enable Equiti to provide their prime of prime customers with seamless global FX liquidity aggregation, trade execution management, and institutional trading capabilities.
Manish Kedia, Managing Director at FlexTrade, says: “We are delighted that Equiti has
