Hedgeweek Newsletter

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NEWSLETTER | 12 Jan 2021

Hedge fund strategies soar: Industry enjoys biggest annual return since Global Financial Crisis, as managers weather 2020 storm with double-digit surge

Hedge funds weathered the political, social and economic shocks brought about by the global pandemic and frequent bursts of soaring volatility to score a near-12 per cent return last year – their best since 2009 – outperforming both the Dow Jones Industrial Average and FTSE 100, new data from Hedge Fund Research shows.

DE Shaw delivers strong returns in 2020

Tue | 12 Jan 2021, 11:48

DE Shaw’s flagship multi-strategy fund delivered net returns of +19.4 per cent for investors in 2020, according to a person familiar with the firm’s results.

Tue | 12 Jan 2021, 11:48

Proteus, a registered investment advisor, alternative investments and private funds platform, has added new model portfolios and pooled funds to its platform for RIAs, multi-family offices, independent broker-dealers and private banks.

Tue | 12 Jan 2021, 11:48

The Wilshire Liquid Alternative Index, which provides a representative baseline for how the broad liquid alternative investment category performs, returned 1.68 per cent in December, underperforming the 2.45 per cent monthly return of the HFRX Global Hedge Fund Index.

Tue | 12 Jan 2021, 11:48

Hedge fund adviser Headstart Advisers posted stellar returns in 2020 as volatility returned to global markets, outpacing peers.

Zephyr Management chooses SS&C’s front-to-back office solution for new Bermuda fund launch

Tue | 12 Jan 2021, 11:48

Zephyr Management (Zephyr) has selected SS&C Technologies to support its upcoming Bermuda fund launch.

Tue | 12 Jan 2021, 11:48

RFA, a specialist IT provider to the financial services industry, has moved to new offices in Mayfair, London.

TFI migrates to FlexOMS

Tue | 12 Jan 2021, 11:48

TFI, a Chinese-based financial group which provides institutional brokerage services to trade in equities on the Hong Kong Stock Exchange, has migrated to FlexTrade's FlexOMS.

Tue | 12 Jan 2021, 11:48

BXS, a compliance reporting and analytics solutions provider, has launched a new Rule 606 Consolidator tool.

New Chairman appointed at Sionic

Tue | 12 Jan 2021, 11:48

Sionic, a specialist financial services consulting firm, whose clients include private equity, hedge and fund administrators, has appointed Mark Humphries as its new Chairman.

Blackstone Hires Global Co-Head of Blackstone Alternative Asset Management

Tue | 12 Jan 2021, 11:48

Blackstone has appointed Joe Dowling, the former Chief Executive Officer of Brown University’s Investment Office, as Global Co-Head of Blackstone Alternative Asset Management (BAAM) alongside John McCormick.

Tue | 12 Jan 2021, 11:48

Hermez Network, a decentralised zero-knowledge rollup (zk-rollup), isa launch tether tokens (USDt) on the protocol’s Layer 2 network, a solution designed to improve scalability on Ethereum to ensure cheaper transactions.