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Managed futures funds ground out another solid batch of returns this month, yielding 0.81 per cent and making May the fourth period in a row of gains for the CTA industry. For the year-to-date interval, CTAs have earned their investors a return of 4.85 per cent according to the Barclay CTA Index, compiled by BarclayHedge, a division of Backstop Solutions.
“A triumvirate of rosy economic forecasts, pent up consumer demand and continuing production backlogs propelled many commodities’ prices well past their pre-pandemic thresholds to levels not seen in a decade,” says Ben Crawford, Head of Research at BarclayHedge. “With the
State Street Corporation has published new research which reveals that with increasing pressures and demands on returns and reporting, alternative asset managers have work to do to meet the growing needs of institutional investors.
Broadridge Financial Solutions has added to its Capital Markets leadership team with the appointment of Fintech and financial services veteran Ray Tierney as President of Itiviti.
Waystone, a global governance and third-party management company, has created a new global compliance offering via the merger of four compliance service providers.
Read the full story at Institutional Asset Manager…
HSBC Asset Management is bringing together all of its existing alternatives capabilities under a single business unit, HSBC Alternatives, with a 150-strong team and combined assets under management and advice of USD53 billion.
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Diginex Limited, a digital asset financial services company, is unifying its businesses under the brand, EQONEX.
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BlackRock (NYSE: BLK) and Cassini Systems, a provider of pre- and post-trade margin and collateral analytics for derivatives markets, have entered into a strategic partnership to integrate Cassini analytics into BlackRock’s Aladdin platform.
Read the full story at Institutional Asset Manager…
Broctagon Fintech Group, a multi-asset liquidity and brokerage technology provider, has appointed Michael Lee as Head of FX Sales to support its move towards establishing a greater presence in the APAC region.
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The life/annuity and property/casualty insurance segments increased their exposures to hedge funds in 2020, leading to an overall 6 per cent increase in insurance industry investments, according to the latest AM Best report.
The new Best’s Special Report, “Hedge Funds Remain an Option for Some Insurers,” notes that during 2020 the hedge fund market did not fall as far as the public markets and recovered more quickly and efficiently. Several qualities made hedge funds attractive to investors during the pandemic, including risk diversification and a low correlation to other asset classes. The hedge fund industry still lost approximately USD44.5 billion
Brummer & Partners, the long-running Swedish multi-strategy hedge fund firm, has named four new partners and is preparing to add two new sector-specialist long/short equity strategies to its flagship Brummer Multi-Strategy vehicle.
