FCA has never used powers to ban short-selling, but reporting tweaks would be welcome
Hedge funds and corporates rush to FX options following central bank move
Dispersion in returns makes for ‘double alpha’
Growing mismatch between one- and three-month tenors slashes payouts by a third
Swarm Technology designs network of trading algorithms that mimics hive mind of insects
Can custom basket forwards convince buy-side firms to ditch bilateral swaps?
SEC’s clearing proposals may hurt levered basis trades and worsen illiquidity in off-the-run bonds
This paper investigates the statistical problem of estimating the capture ratio based on a finite number of observations of a fund’s returns.
Dearth of bond liquidity forces some traders to offload positions – but, as ever, others are waiting to pounce
Gauges of geopolitical risk are better at predicting volatility than equity returns, research from XAI finds
Collapse of hedge fund Three Arrows Capital exposes “sloppy and irresponsible” credit standards among crypto lenders
Anticipated ForexClear service could reduce funds’ reliance on prime broker credit lines
Macro disruption hikes volatility for eager dealers, however liquidity and spread compression remain a concern
Private funds say they are collateral damage of poorly drafted push to regulate PTFs
Cost pressures encourage new stream of clients to pass FX algo trading to banks
Hedge fund quant describes a simple rule of thumb for portfolio turnover
QTS has built a machine to show whether a strategy is likely to succeed or flop
Investors could see a 40% haircut on the bonds, but it’s never that simple
Unique information now “table stakes” for brokers as they compete for new clients
Saba Capital bought debt for as little as 20 cents on the dollar, anticipating explosive payoff
Netting shorts on big polluters distracts investors from task of persuading firms to slow climate change
Risk managers quizzed and confronted the firm, but lawsuits claim they were “systematically misled”
In this paper the authors introduce a novel penalty method for the VARX model in the context of portfolio returns, which aggregates the information from the financial networks of portfolios.
Hedge funds need to hold insurance to win US pension plan money. New rules would make cover too dear