Solutions
Hedge funds trading cryptocurrencies doubled their assets under management last year – but returns remain volatile, with the ability to survive hinging heavily on performance, a new industry survey has found.
The ‘2020 Crypto Hedge Fund Report’, jointly published today by PwC and Elwood Asset Management, a digital assets-focused investment firm, surveyed more than 40 managers running active crypto hedge funds during Q1 2020.
The wide-ranging report – which explores both quantitative issues within the crypto hedge fund sector, including liquidity terms, trading of cryptocurrencies and performance, as well as qualitative themes, such as best practice with respect to custody
Ideal Prediction, an independent trading analysis and data science company for capital markets, has appointed Walter Bell as its Chief Technology Officer (CTO).An industry leading quantitative analyst and technologist, Walter has more than 20 years of experience in capital markets, working in a variety of roles across multiple asset classes.
Walter joined Ideal Prediction from Bank of America Merrill Lynch where he led an international team as the Global Head of Rates eTrading Quants. Prior to this, he managed technology teams in eFX Development, Cross Asset Trading and Global Arbitrage Trading at Credit Suisse. Earlier in his career he was a
YRD Capital, a fund of funds (FoF) focused on quantitative trading in digital assets is to expand into the UK.
The move follows the fund’s second investment in a UK based fund, and reflects YRD Capital’s aim to focus on the UK and European markets.
YRD Capital constructed a portfolio of systematic funds trading Digital Assets, providing uncorrelated returns, to equity markets, bonds and Bitcoin.
The fund target is to benefit from the high volatility of Digital Assets. YRD Capital also successfully gained positive returns during March 2020, when most funds had significant losses.
Yuval Reisman, who set up YRD
The CoinShares Group, a digital asset focused financial services firm, has announced the final step in the acquisition of GABI Trading with the rebranding and the launch of a new suite of trading tools and services under the CoinShares Capital Markets brand.
These initiatives are part of CoinShares’ mission to provide clients with a sophisticated, fit-for-purpose suite of products and services designed specifically for digital assets. This acquisition is part of a larger strategic realignment under the firm’s new leadership comprised of Chief Executive Officer, Jean-Marie Mognetti; Chief Strategy Officer, Meltem Demirors; and Chief Revenue Officer, Frank Spiteri. The
Bloomberg Data License clients can now access data analytics from Trendrating via the Bloomberg Enterprise Access Point (BEAP).
Sterling Trading Tech (STT) has appointed Farid (Freddy) Zainal as the Director of Business Development.
EEX Group has reported a 46 per cent increase in European power derivatives trading volume in April, largely driven by consistent growth in the Germany Phelix-DE futures and the strong performance of the French (+152 per cent trading volume y-o-y), Spanish (+140 per cent y-o-y) and Hungarian (+256 per cent y-o-y) power futures. The Hungarian power futures continued its positive development, making Hungary now the fourth largest power market in terms of traded volume on EEX’s European power derivatives platform, behind Germany, Italy and France.
On the Austrian, French and German Intraday power markets, flexibility products, namely 15 minute and 30
From public cloud to AI Ops, advanced technology is reshaping contingency planning and the future of work for hedge fund managers.
Cloud computing has revolutionised the way hedge funds operate, and in many respects, has blurred the lines between office-based and remote working. A decade ago, the concept of remote working was more complicated, from a technology perspective, as it relied upon hedge funds to enact their Business Continuity Plans (BCPs) by setting up remote VPN access, phone lines and file sharing capabilities. Today, however, this has become business as usual thanks to the cloud, as managers leverage the
Increasing regulations around cybersecurity, data protection and privacy are reinforcing the proposition of outsourced third party service providers. They themselves already operate under a strict data governance framework and recommend robust risk management and data governance strategies to clients so legislation by governing bodies further underlines the importance of the service they offer.
As more investors become comfortable outsourcing functions to third-party providers, the importance of excellence in this space is coming into sharper focus. In a part of the industry where services can risk becoming commoditised, providers are keen to demonstrate the high calibre solutions they offer. Outsourcing can alleviate a number of pressures off investment managers, however the service provided needs to be of the highest quality.
Jack Seibald (pictured), Managing Director and Global Co-Head of Prime Brokerage & Outsourced Trading at Cowen, has closely observed the industry’s development. He comments: “The most important lesson the outsourcing industry has learned is
