Solutions
Coinbase, a global cryptocurrency exchange platform, has witnessed unprecedented growth in the institutional market in the first quarter of 2021. Since 31 December 2020, the platform’s institutional holdings have grown by 170 per cent, from USD45 billion at the end of Q4 2020 to USD122 billion at the end Q1 2021.
Read the full story at Institutional Asset Manager…
Hurricane Capital Advisors (Hurricane Capital), a global alternative investment management platform, has launched its operations with SS&C Technologies’ front-to-back office solution.
SS&C will provide fund administration, customised middle-office solutions, FIX connectivity, hosting and state-of-the-art order and execution management systems.
“We wanted to launch our operations with a technology partner to support the complex demands of a global multi-manager strategy on a single adaptable platform,” says Chris Napoli, COO. “SS&C’s best-in-class fund administration, seamlessly integrated with advanced execution and order management systems, creates a powerful infrastructure to lean on.”
Hurricane Capital’s segregated account platform allows experienced managers to invest
Digital asset investment products saw outflows totalling USD94m last week, according to the latest Digital Asset Fund Flows report from CoinShares.
Despite the new outflows CoinShares believes the latest figures imply an early turn in sentiment since May, where most product providers were seeing net outflows and sentiment was broadly negative.
Ether continues to see inflows into investment products totalling USD33 million, remaining the altcoin of choice for investors.
Digital asset investment product trading volumes highlight investors remain cautious over bitcoin with weekly volumes having fallen 62 per cent compared to last month.
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Argentium Digital Asset Management, a London-based cryptocurrency hedge fund founded by ex-JP Morgan and Credit Suisse manager Paul Frost-Smith, has committed to a carbon-neutral investment approach.
The fund’s blockchain activity will be independently assessed annually for carbon impact, with Argentium pledging to purchase carbon credits or offsets to neutralise that impact. In addition, Argentium will purchase credits or offsets to cover its own carbon footprint.
As part of this initiative, Argentium – which recently unveiled its systematic multi-strategy arbitrage fund Chimera – is working with Brazilian environmental platform MOSS, which creates carbon offset programmes through its MCO2 token, the world’s first tokenised carbon credit.
“We will purchase and ‘burn’ the required number of MCO2 tokens
The third annual research report into the global Crypto Hedge Fund space, commissioned by PwC and Elwood Asset Management, has seen Gibraltar secure its place as the third preferred jurisdiction for the domiciliation of hedge funds, behind the Cayman Islands and the United States.
While the Cayman Islands and the United States maintained their position as the top-two places where crypto hedge funds are domiciled, their market share declined overall. Meanwhile, Gibraltar overtook the BVI and Luxembourg, pushing down Liechtenstein to less than 5 per cent.
The data confirms that funds tend to be domiciled in the same
CME Group has launched the FTSE 100 Adjusted Interest Rate (AIR) Total Return futures.
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TraditionDATA, the data and information services division of Compagnie Financière Tradition (Tradition), has added more depth to its alternative data set following Tradition’s execution of its first TONAR-SOFR cross-currency basis swap.
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Hedge funds that trade emerging markets advanced almost 6 per cent in the first four months of the year, with China, India and Middle East specialist managers leading the pack, as gains from regional equities and cryptocurrencies drove profits in early 2021.
Emerging market hedge funds – as measured by Hedge Fund Research’s Emerging Markets (Total) Index – surged 5.92 per cent over the four-month period. The strong start to the year continues the sector’s commendable 2020 run, which saw EM managers deliver annual returns of 12.68 per cent on average.
India-focused strategies generated an 11.46 per cent return in
GTS, an electronic market maker across global financial instruments, is joining the Pyth Network, a decentralised financial market data distribution platform.
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Tourmaline Partners, an outsourced trading solutions firm, has appointed industry experts David Toy and Chris Arkin as senior traders.
With these new hires, Tourmaline further enhances its capabilities in the Australia-Pacific (APAC) region and in the derivatives trading space, as demand broadens globally for the firm’s trading, operations and commission management expertise. Toy is based in Australia and Arkin works at Tourmaline’s headquarters in Stamford, Connecticut.
Toy joins Tourmaline with nearly two decades in senior trading roles with Tier 1 hedge funds and asset managers specifically focused on trading Asian securities. He was most recently Director of Trading, Asian Equities
