Hedgeweek Newsletter

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NEWSLETTER | 16 Dec 2020

Former Grosvenor executive prepares to roll out multi-strategy digital asset fund – Dalpha Capital Management

With bitcoin hitting the headlines in recent weeks, reaching an all-time high of USD19,915 on 1 December, investors have been keen to pile in. Even the likes of Bridgewater’s Ray Dalio and Paul Tudor Jones are coming around to the fact that there could be something happening with bitcoin, having made a Lazarus-like recovery since its price tanked close to USD3,000 in December 2018.

Wed | 16 Dec 2020, 11:18

The FCA has fined Corrado Abbattista, formerly a portfolio manager, partner and Chief Investment Officer at Fenician Capital Management, GBP100,000 for market abuse and prohibited him from performing any functions in relation to regulated activity.

Next gen of alt data

Wed | 16 Dec 2020, 11:18

While the relationship between systematic hedge funds and alternative data sources is not new, quants have recently raised concerns that alt data is not giving the same alpha as it used to.

Wed | 16 Dec 2020, 11:18

The Wilshire Liquid Alternative Index, which provides a representative baseline for how the broad liquid alternative investment category performs, returned 3.19 per cent in November, outperforming the 2.82 per cent monthly return of the HFRX Global Hedge Fund Index.

Wed | 16 Dec 2020, 11:18

Following three years of development by Wall Street veterans, Leverj launched the first high-speed decentralised derivatives exchange, which provides spot and futures trading of cryptocurrencies.

Avelacom adds Brazilian Stock Exchange data to offering

Wed | 16 Dec 2020, 11:18

Avelacom, a high-performance global connectivity and IT infrastructure provider for the financial services industry, is adding the Brazilian Stock Exchange's (B3) real-time market data to its service portfolio.

Wed | 16 Dec 2020, 11:18

Electra Information Systems (Electra), a provider of award-winning post-trade solutions for the buy-side investment management industry, has introduced a unified application programming interface (API) for its Electra Data aggregation service to help investment managers meet their evolving data aggregation and normalisation requirements.

Torstone sees continued growth in 2020

Wed | 16 Dec 2020, 11:18

Torstone Technology, an SaaS platform for post-trade securities and derivatives processing, has continued to achieve significant growth throughout 2020, driven in part by volatile trading conditions leading to increased appetite among market participants for flexible and scalable automated post-trade solutions, as well as by accelerating industry adoption of cloud services.

Wed | 16 Dec 2020, 11:18

In response to the risks posed by Brexit, FX specialist Monex Europe has opened a new office in Luxembourg, which will enable it to continue to provide foreign exchange and international payment services to customers based in Europe, without any disruptions after the transition period ends on 3 December 2020.

Wed | 16 Dec 2020, 11:18

HF Funds Services has appointed Monette Windsor as a Director in its Cayman Islands office. HF Funds Services, a member of the Equiom group, provides high-calibre independent directors to alternative investment funds and investment management companies.