Hedge Fund Manager Fined for Mis-Valuing Swaps

The Commodity Futures Trading Commission (CFTC) has issued an Order filing and settling charges against Swapnil Rege, a former portfolio manager for Connecticut-based hedge fund Marinus Capital registered with the CFTC as a commodity pool operator (CPO), for fraudulently mismarking swap valuations to artificially inflate the profits of his employer’s trading book in order to obtain […]
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CTAs Bounce Back in June

Commodity Trading Advisors (CTA) posted a 1.59% return in June, according to the Barclay CTA Index compiled by BarclayHedge, a division of Backstop Solutions. This follows a difficult month in May for these funds, when the Barclay CTA Index was down 0.19%. Year-to-date, the index is now up 3.84%. “Recession fears coupled with market anticipation […]
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Elwood Partners with Invesco Japan for New Fund

Elwood Asset Management, an investment firm specialising in digital assets, has partnered with Invesco Asset Management (Japan) to help it launch a new fund. The newly launched Invesco Global Blockchain Equity Fund will be managed by Invesco Capital Management, with a delegation from Invesco Japan, and will track the performance of the Elwood Blockchain Global […]
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Survey Highlights Treasurers’ Concerns Over Visibility of FX Exposures

A new survey from Citi shows that gaining visibility of their FX exposures remains a core concern for corporate treasurers. In the survey, which includes responses from 400 corporates of varying sizes, industries and geographies, improving cash forecasting was cited most frequently as the top priority amongst these firms. “Firms are recognising that they still […]
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And Finally…

Are we undergoing a sea change in the FX trading landscape? I suspect we are but the direction in which change is heading will be familiar to those of a certain generation. Over the past few months I have had many conversations with FX traders about market conditions and while there is a fair bit […]
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Cryptoasset Manager Granted FCA License

Prime Factor Capital (PFC), a London-based cryptoasset management firm, has been granted a license by the UK’s Financial Conduct Authority (FCA) to operate as a full-scope Alternative Investment Fund Manager (AIFM). Under the EU’s AIFM Directive (AIFMD), full-scope AIFMs may manage in excess of €100 million in assets, allowing PFC to begin accepting institutional-size tickets. […]
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CTAs Struggle in May Amid Trade Wars

The Barclay CTA Index was unable to maintain momentum in May, dropping 0.19% and reflecting a negative month for these funds. In an issued release, BarclayHedge attributes general poor performance to global trade wars and tariffs, which have consequently led to damaged equity markets and oil prices. The Currency Traders Index was one of the […]
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Peer-to-Peer Matching: FX HedgePool Tries a New Approach

There have been numerous attempts in the past to create buy side to buy side matching pools for FX, with very limited success. FX HedgePool is the latest venture seeking to do this and, as the company edges towards launch, Galen Stops takes a look at what it is doing differently. In April, Profit & […]
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CTA Performance Dips in May

CTAs struggled in May as markets pulled back from established trends, according to the latest data by Societe Generale (SG) CTA indices. The SG CTA Index was down 2.36% last month, however, it still remains in positive territory for the year at 2.22%. Trend following strategies have performed well in 2019, but in May the […]
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Outgoing GFXC Chair Potter Highlights Ongoing Work

Outgoing Global FX Committee chair Simon Potter remains optimistic about the impact of the FX Global Code and has signalled a busy work schedule for the Committee and its working groups over the coming year. In an interview withProfit & Loss Potter outlines the continuing work of the separate streams established by the GFXC, but makes […]
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