hedge funds

China, hedge funds, quants

China’s quants are benefiting from being “latecomers,” borrowing technologies and algorithm models from abroad, according to UBS Asset Management Hedge Fund Solutions. While they may lack years of trading experience…

The changing role of the hedge fund Treasury manager

May 20, 2020

Hedge Funds, Investments, Repo

hedge funds, Repo, topstory, Treasury

The COVID-19 epidemic is showing the importance of hedge fund Treasury departments including portfolio finance, cash and collateral management. The complexity of the task is emphasized by working from disaster…

FT article on big hedge funds getting bigger, outperforming smaller rivals

May 19, 2020

Hedge funds: No market for small firms Big US hedge fund platforms such as Izzy Englander’s Millennium Management, Ken Griffin’s Citadel and Steve Cohen’s Point72 Asset Management look set to…

Eurekahedge: AI funds flat, crypto funds up 28.5% in April

May 12, 2020

artificial intelligence, cryptocurrencies, Eurekahedge, hedge funds

Fund managers using AI/machine learning strategies gained 1.01% in April. On a year-to-date basis, the Eurekahedge AI Hedge Fund Index is up 0.66%. The Eurekahedge AI Hedge Fund Index is…

Finadium Big Ideas Quarterly Q2 2020 now online

May 4, 2020

Repo, Securities Lending

hedge funds, Prime Brokerage, Repo, Securities Lending, topstory

Our quarterly presentation on research, news and events. Continue reading

bfinance: did hedge funds, multi asset and ARP deliver for investors in Q1?

April 22, 2020

bfinance, hedge funds, liquid alternatives, quants

March was as much a liquidity crisis as it was a response to the economic impact (actual and presumed) of COVID-19, writes Toby Goodworth, managing director of bfinance, a UK…

QuantHouse using “cloud-based robot agents” to automate operations

April 15, 2020

automation, hedge funds, QuantHouse

QuantHouse announced the completion of the first phase of an infrastructure process automation program using cloud-based robot agents. QuantHouse is a global provider of end-to-end systematic trading solutions including market…

Eurekahedge: AI funds up 3.5%, crypto funds down 20.2% in March

April 8, 2020

artificial intelligence, crypto funds, Eurekahedge, hedge funds

Fund managers using AI/machine learning strategies gained 3.45% in March, registering their third consecutive month of outperformance against the wider hedge fund industry. On a year-to-date basis, the Eurekahedge AI…

Hazeltree reports hedge fund leverage down from 230% pre-crisis to under 200% in March 2020

March 26, 2020

HazelTree, hedge funds, Leverage

Are we living through another 2008 crisis? Is it a deeper crisis? How long will it last? Are you betting that the safeguards put in place to protect against global…

Bloomberg: Before Fed Acted, Leverage Burned Hedge Funds in Treasury Trade

March 21, 2020

basis trade, Bloomberg, hedge funds, Leverage, Repo

When coronavirus panic kicked off unprecedented turmoil in Treasuries last week, hedge fund leverage was lurking. The firms use borrowed money from the repurchase market for the popular basis trade,…

bfinance: snapshot of liquid alternative strategies in stressed markets

March 20, 2020

bfinance, hedge funds, liquid alternatives

It’s now time for “liquid alternatives” to stand up and be counted. The last real opportunity for many hedge funds and liquid alternative strategies to demonstrate their diversification benefit was…

Coronapocalypse: volatility makes a comeback, are markets ready? (Premium)

March 18, 2020

Derivatives, Hedge Funds, Technology

Burton-Taylor, CBOE, coronavirus, hedge funds, Hercules Investments, topstory, VIX, volatility

There’s only one thing that’s certain about the markets: volatility is back. We talk to a hedge fund trading it, and dig into some of the most recent stats, strategies…

Eurekahedge: AI and crypto funds slightly down in February

March 17, 2020

artificial intelligence, cryptocurrencies, Eurekahedge, hedge funds

Fund managers using AI/machine learning strategies lost 0.59% in February, breaking their streak of five consecutive positive months since September last year. On a year-to-date basis, the Eurekahedge AI Hedge…

RavenPack: how hedge funds can capture alpha from internal digital content

March 2, 2020

alternative data, artificial intelligence, hedge funds, NLP, RavenPack

In this real-world case study, RavenPack shows how its AI platform and NLP engine dig into internal digital content of a discretionary hedge fund manager to generate differentiated investment insights…

Finadium: Leveraged Funds and Prime Brokerage Relationships: Evidence from a New Database

February 11, 2020

Data, hedge funds, prime brokers, topstory

Finadium has created and analyzed a new database of Form ADV filings from the US Securities and Exchange Commission (SEC). The data, compiled from registered funds listing a prime brokerage…

The BNPP/Deutsche Bank combined prime broker: client relationships and market ranking (Premium)

February 11, 2020

BNPP, Deutsche Bank, hedge funds, prime brokers, topstory

An important change coming up in the structure of the prime brokerage industry is BNP Paribas’s acquisition of Deutsche Bank’s equity finance division. In a report released today, we analyze…

Webinar replay: Client training on Finadium’s securities lending, repo and hedge fund databases (Premium)

February 5, 2020

mstan

Hedge Funds, Prime Brokerage, Repo, Securities Lending

Data, hedge funds, mutual funds, prime brokers, Repo, Securities Lending, topstory

Finadium clients can access the webinar replay here. Continue reading

WSJ: Hedge Funds Could Make One Potential Fed Repo-Market Fix Hard to Stomach

January 14, 2020

Federal Reserve, hedge funds, Repo, WSJ

One hurdle to a possible fix for recent volatility in the short-term cash markets: hedge funds. As part of its stated goal of reducing repo-market volatility, the Federal Reserve is…

Eurekahedge: AI funds up 5.6%, crypto funds down 6% in December

January 14, 2020

artificial intelligence, cryptocurrency, Eurekahedge, hedge funds

Fund managers using AI/machine learning strategies returned 0.55% in December. On a year-to-date basis, the Eurekahedge AI Hedge Fund Index was up 5.63%. The Eurekahedge AI Hedge Fund Index is…

Man Institute notes structural changes in the hedge fund industry for 2020

January 8, 2020

hedge funds, Man Institute

Man FRM Early View – December 2019 As we enter 2020, the hedge fund universe feels like it has morphed again. Bigger is better (or at least, more resilient) and…

Eurekahedge: AI funds up 3.4%, crypto funds down 8.3% in November

December 11, 2019

artificial intelligence, cyrptocurrencies, Eurekahedge, hedge funds

Fund managers using AI/machine learning strategies returned 3.43% in November. On a year-to-date basis, the Eurekahedge AI Hedge Fund Index was up 6.34%. The Eurekahedge AI Hedge Fund Index is…

The impact of direct agency lending programs for asset owners, hedge funds and market structure (Premium)

November 19, 2019

Hedge Funds, Securities Lending

agency lending, Beneficial Owners, Direct Agency Lending, enhanced custody, hedge funds, Securities Lending, State Street, topstory

State Street got warranted attention with its October 10, 2019 announcement that it had launched Direct Access Lending, a program to lend beneficial owner assets to hedge funds, with indemnification…

Eurekahedge: AI funds flat, crypto funds up 8.5% in October

November 12, 2019

artificial intelligence, cryptocurrencies, Eurekahedge, hedge funds, machine learning

Fund managers using AI/machine learning strategies registered 0.89% return in October. On a year-to-date basis, the Eurekahedge AI Hedge Fund Index is up 4.16%. The Eurekahedge AI Hedge Fund Index…

Finadium database of hedge fund/prime brokerage relationships now live

October 21, 2019

hedge funds, prime brokers, topstory

Finadium has created a database of US hedge fund/prime brokerage relationships based on SEC ADV filings. Following a beta test, the live database is now available to Finadium clients as…

The Long and Short of US Prime Brokerage Pricing in 2019

October 10, 2019

Robert Sackett

Hedge Funds, Prime Brokerage, Securities Lending, US

hedge funds, Prime Brokerage, stock loan, topstory, US

Pricing in the current Prime Brokerage market remains competitive due to various factors including excess liquidity, new entrants, and a renewed focus by institutions to attract and retain stable accrual…

Eurekahedge: AI funds slump 1.2%, crypto funds down 10.6% in September

October 8, 2019

artificial intelligence, cryptocurrencies, Eurekahedge, hedge funds, machine learning

Fund managers using AI/machine learning strategies posted their third consecutive month of losses, as they slumped 1.24% in September. On a year-to-date basis, the Eurekahedge AI Hedge Fund Index is…

NZH: fund managers beating AI-driven strategies so far

October 7, 2019

Aberdeen Standard Investments, AQR, artificial intelligence, hedge funds, machine learning, Panagora

How good is artificial intelligence at managing money? To judge by the recent performance of some AI-driven strategies, it doesn’t look like the robots are going to take over from…

Eurekahedge: AI hedge funds up, crypto funds down in August

September 10, 2019

AI funds, artificial intelligence, crypto funds, cryptocurrencies, Eurekahedge, hedge funds, machine learning

Fund managers using AI/machine learning strategies ended the month of August up 1.46%. The Eurekahedge AI Hedge Fund Index was up 4.37% year-to-date. The Eurekahedge AI Hedge Fund Index is…

Finadium launches database on hedge fund/prime broker relationships; invites beta testers for online access

September 4, 2019

hedge funds, Prime Brokerage, prime brokers, topstory

Finadium has created a database of US hedge fund/prime brokerage relationships based on SEC ADV filings. The database will be available to Finadium clients as part of the standard research…

The Trade: Hedge fund performance forces prime brokers to rethink risk

August 22, 2019

hedge funds, prime brokers

Performances within the hedge fund industry last year are causing prime brokers to reassess the credit and counterparty risk of financing. The $180 million loss within Citi’s FX prime brokerage…

Eurekahedge: AI hedge funds flat, crypto funds plunge in July

August 14, 2019

artificial intelligence, cryptocurrencies, Eurekahedge, hedge funds

Fund managers using AI/machine learning strategies ended the month of July flat. The Eurekahedge AI Hedge Fund Index was up 0.01% in July and 2.71% year-to-date. The Eurekahedge AI Hedge…

Is there a culture gap in hedge funds building treasury divisions? (Premium)

August 1, 2019

Cash management, Hedge Funds, Repo

cash management, HazelTree, hedge funds, Repo, Securities Lending, topstory, Treasury

We’ve been wondering for a while why hedge fund treasury divisions seem to thrive at some firms and may be dismissed at others, so we asked some hedge funds about…

Hedge fund volume on FICC sponsored repo is spiking – here are the numbers (Premium)

July 29, 2019

CCP, cleared repo, Hedge Funds, Investments, Repo

dealers, hedge funds, money funds, sponsored repo, topstory

FICC told us last week that average daily volumes on sponsored repo hit $376 billion at the end of Q2 2019, up from $230 billion at the end of Q4…

One idea for rebuilding the specials market in securities finance (Premium)

July 25, 2019

Hedge Funds, Prime Brokerage, Securities Lending

Agent Lenders, hedge funds, prime brokers, Securities Lending, topstory

Prime brokerage and agency lending revenues in Q2 2019 are both down significantly from the prior year. Part of the reason is Federal Reserve risk-off rate decisions that are propelling…

Key takeaways from Hazeltree’s 3rd annual buy-side treasury and portfolio finance event (Premium)

July 15, 2019

Hedge Funds, Repo

HazelTree, hedge funds, topstory, treasurers, Treasury

We attended Hazeltree’s June 4, 2019 event, “The Future of Treasury and Portfolio Finance Management and their Differentiated Benefit,” co-sponsored by Federated. The first panel featured five hedge fund treasury…

Eurekahedge: AI hedge funds turn up, crypto funds continue rally in June

July 9, 2019

artificial intelligence, crypto fund, cryptocurrencies, Eurekahedge, hedge funds

Fund managers using AI/machine learning strategies ended June up 5.65%, recovering from the 3.79% loss they suffered in May. On a year-to-date basis the Eurekahedge AI Hedge Fund Index was…

FT: quant funds home in on the bond market

June 15, 2019

alternative data, AQR, asset managers, Cantab, digitization, electronification, Fixed Income, GAM Systematic, hedge funds, Man Group, PIMCO

Bond markets are slowly but surely becoming more reliant on machines. At the moment only smaller trades can be automated, with big-ticket or more bespoke deals still arranged by messages…

Eurekahedge: AI hedge funds down, crypto funds rally in May

June 12, 2019

artificial intelligence, bitcoin, crypto fund, Eurekahedge, hedge funds

Fund managers utilizing AI/machine learning strategies ended May down 2.21%, registering their first monthly loss in 2019. On a year-to-date basis the index was still up 1.35%. The Eurekahedge AI…

Beyond Meat (BYND) highlights dysfunction in securities finance pricing (Premium)

June 12, 2019

Hedge Funds, Investments, Securities Lending

BYND, hedge funds, Securities Lending, topstory

Supply and demand are fair play, but securities lending rates as high as 650% 700% for Beyond Meat (BYND) securities are a trade that only a fool – or a trader…

Thursday News Roundup: analytics for hedge funds, the rumor mill, seclending pricing and more (Premium)

June 6, 2019

Artificial Intelligence, Cryptocurrency, Hedge Funds, Securities Lending, SFTR

artificial intelligence, hedge funds, market data, securities lending pricing, SFTR, topstory, Trade repositories, Universal Settlement Coin

The collateralized trading markets are going strong as the summer gears up. Here’s our news roundup for the end of the week. Continue reading

Fintech weekly deals and partnerships roundup

Fnality confirms £50mn equity round for wholesale banking crypto The Utility Settlement Coin (USC) is moving into its next phase of maturity with the creation of Fnality International and completion…

FISL NYC 2019: what seclending players want from data and tech (Premium)

May 14, 2019

Artificial Intelligence, FISL, Securities Lending, Technology

artificial intelligence, asset managers, automation, Custodians, data analytics, hedge funds, machine learning, SFTR, topstory, vendors

As in many markets, the securities lending industry is tackling challenges in advancing technologies for investment and profitability, said panelists at Finadium’s annual Investors in Securities Lending conference. One panelist…

Smaller clients, new opportunities in securities finance should be pursued

May 1, 2019

Hedge Funds, Investments, Securities Lending

asset management, FISL, hedge funds, securities finance, topstory

Given the concentration of assets on the buy-side, landing a big fish means more now than ever for banks and vendors. Bringing on one big new client can have the…

Differentiate your technology platform

April 28, 2019

Ben Simmers

Hedge Funds, Prime Brokerage, Technology

hedge funds, prime brokers, SS&C Advent Syncova, Syncova, topstory, Treasury platforms

The idea of Treasury platforms for hedge funds and other asset managers has taken hold lately because there are financial and organizational benefits from having one central point of control.…

Eurekahedge: AI/ML funds flat, crypto funds outperforming bitcoin

April 17, 2019

artificial intelligence, crypto fund, cryptocurrencies, Eurekahedge, hedge funds, machine learning

Fund managers using AI/machine learning strategies gained 2.59% in March, bringing their year-to-date returns to 3.93%. Quant strategies continued to fall out of investors’ favor, with the CTA/managed futures mandate…

Eurekahedge: quant strategies falling out of favour with investors

March 19, 2019

artificial intelligence, Eurekahedge, hedge funds, machine learning

Fund managers utilizing AI/machine learning strategies were down 0.32% in February, dragging their year-to-date returns to 2.02%. Quant strategies continued to fall out of investors’ favour, with the CTA/managed futures…

Eurekahedge: AI and crypto funds back in black

March 12, 2019

artificial intelligence, cryptocurrencies, Eurekahedge, hedge funds, machine learning

Fund managers using AI/machine learning strategies were up 0.60% in February, bringing their year-to-date returns to 2.96%. The Eurekahedge AI Hedge Fund Index was down 5.26% in 2018. The Eurekahedge…

An argument that more PB internalization will lead to more direct securities lending (Premium)

March 5, 2019

CCP, Hedge Funds, Securities Lending

Beneficial Owners, CCPs, direct lending, hedge funds, Securities Lending, topstory

If prime brokers continue to internalize more effectively, plus expand further into synthetics, there is an argument to be made that more beneficial owners will actively consider direct securities lending…

How to grow in the prime brokerage market for 2019 (Premium)

February 26, 2019

Hedge Funds, Prime Brokerage, Securities Lending

automation, hedge funds, Prime Brokerage, topstory

We’ve been hearing some trends from prime brokers about how to grow their franchises in spite of weak hedge funds returns in 2018 and no end to the concentration in…

Eurekahedge: AI funds in the black, crypto funds down but outperform bitcoin in January

February 19, 2019

artificial intelligence, cryptocurrencies, Eurekahedge, hedge funds