News

State Street publishes review of the hedge fund industry

Global custodian bank State Street has published a report on the hedge fund industry offering an overview of the impact of rising institutional allocations to alternative investment vehicles and the implications of this trend for institutions and the hedge fund industry.

ICE opens new electronic trading centre in lower Manhattan

Intercontinental Exchange (ICE), the electronic energy marketplace and soft commodity exchange, opened its new ICE Trading Center at 2 World Financial Center in lower Manhattan yesterday. The center is adjacent to the New York Board of Trade (NYBOT), ICE's U.S.-based futures and options exchange.

Progress Apama algorithms to be distributed by ULLINK

Progress Software has formed a partnership with electronic trading vendor ULLINK by which the customisable algorithmic trading capabilities of the Progress Apama Algorithmic Trading Platform will become part of the product portfolio ULLINK offers its customers, who include stock exchanges, brokers and banks.

Goldman Sachs flagship macro fund down 5.7% in February

Goldman Sachs's leading hedge fund Global Alpha made a 5.7 per cent loss in February. The loss came as reports in March showed that Goldman had dropped a place to become the second largest hedge fund manager in the US with $32.5 billion of assets under management.