Tag: hedge funds

hedge funds

In the FICC of It

There is plenty on the run sheet for this week’s podcast as Galen Stops quizzes Colin Lambert over a report that links FX swaps liquidity and spreads to spot. Lambert confesses to being a little puzzled over some of the statements in the report and willingly confesses to Stops’ accusation of him being an FX […]

And Another Thing…

Today’s column is dedicated to the Swiss National Bank for its ineptness five years ago yesterday, which changed the foreign exchange industry forever and gave this column literally months worth of ammunition. The SNB is a signatory to the FX Global Code, so given the guidance on disruptive actions, I wonder how it would handle […]

CTAs Close Out Best Year Since 2014

Despite a slight dip in performance in December, CTAs experienced their best year since 2014, according to data from Societe Generale (SG). Following positive gains in November the SG CTA Index ended December down 0.65%. All of the SG indices closed the year in positive territory, with the SG CTA Index and the Short-Term Traders […]

And Finally…

Last week saw the announcement of the closure to the public of macro hedge fund giant Moore Capital – an act that would have bought a wry smile to generations of FX traders who have, over the decades, found the firm’s business (ahem) a little tricky to monetise. Obviously there are multiple circumstances that led […]

CTAs End Run of Good Performance in September

CTAs gave back some of August’s gains in September, closing the month down 3.21%, according to data from Societe Generale (SG). The SG CTA Index is still up 8.58% for the year, however. Trend followers were hit the most in September with the SG Trend Index down 5.27%, whilst short-term CTAs limited losses to 1.27%. […]

The Inexorable Rise of the “Others”

A notable figure in this year’s Bank for International Settlements (BIS) survey of FX turnover highlights the increasingly important role of firms like retail aggregators in the FX market. While in the 2016 survey the “Other” category of the Other Financial Institutions segment of the report (this is largely the retail aggregator/prime-of-prime sector) was responsible […]

Strong CTA Performance Extends Through August

Following a strong July, CTAs reported positive performance again in August, according to data from Societe Generale (SG). The SG CTA Index was up 3.45%, adding to gains of over 10% year-to-date for these firms, which would put them on track for their best year since 2014. Short-term CTAs also made performance gains in August, […]

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 […]

2019 Profit & Loss Readers’ Choice Awards

More than 3,000 votes were cast in this year’s Profit & Loss Readers’ Choice Awards, which created strong competition throughout the categories. For the first time categories for cryptocurrency markets were introduced and proved to be very popular, alongside the more traditional categories. Here then, are this year’s winners: Best Market Maker (Major Currencies) JP […]

CTA Funds See Gains in April

The Barclay CTA Index reflects a positive month for funds, gaining 0.85% in April 2019. Strong performance in recent months has allowed the Barclay CTA Index to gain 2.28% year-to-date. April also saw gains for nine out of 10 of the BarclayHedge’s CTA indices, bringing all ten into positive territory for 2019. “Four consecutive months […]