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UK retailers enjoy bumper Black Friday sales: ONS

Reuters Business News - Thu, 12/14/2017 - 04:42
LONDON (Reuters) - British retail sales grew much faster than expected last month as shoppers took advantage of Black Friday bargains, official figures showed on Thursday, contrasting with more downbeat industry surveys.
Categories: Reuters

Asia stocks slightly up after Fed move; dollar, U.S. yields sag

Reuters Business News - Thu, 12/14/2017 - 03:20
TOKYO (Reuters) - Asian stocks generally rose on Thursday after the Federal Reserve delivered a much-anticipated interest rate hike, while its caution on inflation tempered expectations for 2018 tightening, weighing on the dollar and Treasury yields.
Categories: Reuters

HFR launches blockchain, cryptocurrency indices

Hedgeweek Features - Thu, 12/14/2017 - 03:00

HFR has launched two new indices, the HFR Blockchain Composite Index and the HFR Cryptocurrency Index, the first family of indices designed to capture performance of hedge funds investing in this rapidly evolving space.

The HFR Blockchain Composite Index includes funds that invest directly in blockchain technology, cryptocurrency or other emerging blockchain innovations. Managers focus on how blockchain technologies have begun to, and will continue to, fundamentally change payments, banking, market trading structure, Internet of things (IoT), healthcare, remittances, supply chains, digital identity and more. In addition, key exposure themes include cloud storage, decentralised computing, digital investment platforms, distributed ledger technology and promising innovations involving token interconnectivity and transaction scalability. The HFR Blockchain Composite Index has two constituent strategies – Cryptocurrency and Infrastructure. It includes performance data starting in 2015 with annualised performance of +282 per cent since inception, punctuated by a meteoric surge of +1,522 per cent in 2017 through November.    
 
The HFR Cryptocurrency Index, a sub-strategy index of the Blockchain Composite, includes all funds which invest and trade in cryptocurrency directly, typically generating performance through an actively managed portfolio of cryptocurrency assets, including Bitcoin, Ethereum, Litecoin, Ripple and many other coins, as well as new initial coin offerings (ICOs). Managers may use a variety of trading strategies from discretionary techniques to multiple automated bitcoin trading algorithms to analyse trends and adjust their portfolios as necessary. These trading strategies are primarily Macro in nature, including both fundamental and systematic trend-following approaches, but may also include, Arbitrage and Momentum strategies. The HFR Cryptocurrency Index has annualised performance of +292 per cent since inception and has surged +1,641 per cent in 2017 through November.
 
HFR began tracking the first cryptocurrency hedge fund in 2013, though interest and growth in this area has surged in 2017 as a result of stratospheric price increases and broad proliferation of new coins via ICOs, as well as launches of listed futures contracts. In addition, trading platforms that enable trading and improve liquidity to these dynamic and evolutionary markets have expanded and become more secure.  
 
The HFR Blockchain Indices are rebalanced on a quarterly basis and are investable through tracker funds operated by HFR Asset Management. Index performance reflects a universe of over 20 products which is expected to expand rapidly into 2018.
 
“Investor interest in funds offering exposure to Blockchain technologies and Cryptocurrencies has surged in recent months as these innovations continue to move towards the mainstream and generate compelling opportunities for investors, portfolio managers, traders and other market participants,” says Kenneth J Heinz (pictured), President of HFR. “While the recent performance has been exciting, trading and investing in these evolving areas requires specialised expertise and involves substantial volatility and risks, both real and structural. Taking these risks into consideration, it is likely that the evolving fundamental disintermediation of traditional payment processing associated with blockchain and cryptocurrencies will continue to grow in an absolute sense and as a component of hedge fund exposures.”  
 
 

offCrypto currencyBlockchainIndexesFlag: alphaq

HFR launches blockchain, cryptocurrency indices

Hedgeweek Special Reports - Thu, 12/14/2017 - 03:00

HFR has launched two new indices, the HFR Blockchain Composite Index and the HFR Cryptocurrency Index, the first family of indices designed to capture performance of hedge funds investing in this rapidly evolving space.

The HFR Blockchain Composite Index includes funds that invest directly in blockchain technology, cryptocurrency or other emerging blockchain innovations. Managers focus on how blockchain technologies have begun to, and will continue to, fundamentally change payments, banking, market trading structure, Internet of things (IoT), healthcare, remittances, supply chains, digital identity and more. In addition, key exposure themes include cloud storage, decentralised computing, digital investment platforms, distributed ledger technology and promising innovations involving token interconnectivity and transaction scalability. The HFR Blockchain Composite Index has two constituent strategies – Cryptocurrency and Infrastructure. It includes performance data starting in 2015 with annualised performance of +282 per cent since inception, punctuated by a meteoric surge of +1,522 per cent in 2017 through November.    
 
The HFR Cryptocurrency Index, a sub-strategy index of the Blockchain Composite, includes all funds which invest and trade in cryptocurrency directly, typically generating performance through an actively managed portfolio of cryptocurrency assets, including Bitcoin, Ethereum, Litecoin, Ripple and many other coins, as well as new initial coin offerings (ICOs). Managers may use a variety of trading strategies from discretionary techniques to multiple automated bitcoin trading algorithms to analyse trends and adjust their portfolios as necessary. These trading strategies are primarily Macro in nature, including both fundamental and systematic trend-following approaches, but may also include, Arbitrage and Momentum strategies. The HFR Cryptocurrency Index has annualised performance of +292 per cent since inception and has surged +1,641 per cent in 2017 through November.
 
HFR began tracking the first cryptocurrency hedge fund in 2013, though interest and growth in this area has surged in 2017 as a result of stratospheric price increases and broad proliferation of new coins via ICOs, as well as launches of listed futures contracts. In addition, trading platforms that enable trading and improve liquidity to these dynamic and evolutionary markets have expanded and become more secure.  
 
The HFR Blockchain Indices are rebalanced on a quarterly basis and are investable through tracker funds operated by HFR Asset Management. Index performance reflects a universe of over 20 products which is expected to expand rapidly into 2018.
 
“Investor interest in funds offering exposure to Blockchain technologies and Cryptocurrencies has surged in recent months as these innovations continue to move towards the mainstream and generate compelling opportunities for investors, portfolio managers, traders and other market participants,” says Kenneth J Heinz (pictured), President of HFR. “While the recent performance has been exciting, trading and investing in these evolving areas requires specialised expertise and involves substantial volatility and risks, both real and structural. Taking these risks into consideration, it is likely that the evolving fundamental disintermediation of traditional payment processing associated with blockchain and cryptocurrencies will continue to grow in an absolute sense and as a component of hedge fund exposures.”  
 
 

offCrypto currencyBlockchainIndexesFlag: alphaq

HFR launches blockchain, cryptocurrency indices

Hedgeweek News - Thu, 12/14/2017 - 03:00

HFR has launched two new indices, the HFR Blockchain Composite Index and the HFR Cryptocurrency Index, the first family of indices designed to capture performance of hedge funds investing in this rapidly evolving space.

The HFR Blockchain Composite Index includes funds that invest directly in blockchain technology, cryptocurrency or other emerging blockchain innovations. Managers focus on how blockchain technologies have begun to, and will continue to, fundamentally change payments, banking, market trading structure, Internet of things (IoT), healthcare, remittances, supply chains, digital identity and more. In addition, key exposure themes include cloud storage, decentralised computing, digital investment platforms, distributed ledger technology and promising innovations involving token interconnectivity and transaction scalability. The HFR Blockchain Composite Index has two constituent strategies – Cryptocurrency and Infrastructure. It includes performance data starting in 2015 with annualised performance of +282 per cent since inception, punctuated by a meteoric surge of +1,522 per cent in 2017 through November.    
 
The HFR Cryptocurrency Index, a sub-strategy index of the Blockchain Composite, includes all funds which invest and trade in cryptocurrency directly, typically generating performance through an actively managed portfolio of cryptocurrency assets, including Bitcoin, Ethereum, Litecoin, Ripple and many other coins, as well as new initial coin offerings (ICOs). Managers may use a variety of trading strategies from discretionary techniques to multiple automated bitcoin trading algorithms to analyse trends and adjust their portfolios as necessary. These trading strategies are primarily Macro in nature, including both fundamental and systematic trend-following approaches, but may also include, Arbitrage and Momentum strategies. The HFR Cryptocurrency Index has annualised performance of +292 per cent since inception and has surged +1,641 per cent in 2017 through November.
 
HFR began tracking the first cryptocurrency hedge fund in 2013, though interest and growth in this area has surged in 2017 as a result of stratospheric price increases and broad proliferation of new coins via ICOs, as well as launches of listed futures contracts. In addition, trading platforms that enable trading and improve liquidity to these dynamic and evolutionary markets have expanded and become more secure.  
 
The HFR Blockchain Indices are rebalanced on a quarterly basis and are investable through tracker funds operated by HFR Asset Management. Index performance reflects a universe of over 20 products which is expected to expand rapidly into 2018.
 
“Investor interest in funds offering exposure to Blockchain technologies and Cryptocurrencies has surged in recent months as these innovations continue to move towards the mainstream and generate compelling opportunities for investors, portfolio managers, traders and other market participants,” says Kenneth J Heinz (pictured), President of HFR. “While the recent performance has been exciting, trading and investing in these evolving areas requires specialised expertise and involves substantial volatility and risks, both real and structural. Taking these risks into consideration, it is likely that the evolving fundamental disintermediation of traditional payment processing associated with blockchain and cryptocurrencies will continue to grow in an absolute sense and as a component of hedge fund exposures.”  
 
 

offCrypto currencyBlockchainIndexesFlag: alphaq

HFR launches blockchain, cryptocurrency indices

Hedgeweek Jobs - Thu, 12/14/2017 - 03:00

HFR has launched two new indices, the HFR Blockchain Composite Index and the HFR Cryptocurrency Index, the first family of indices designed to capture performance of hedge funds investing in this rapidly evolving space.

The HFR Blockchain Composite Index includes funds that invest directly in blockchain technology, cryptocurrency or other emerging blockchain innovations. Managers focus on how blockchain technologies have begun to, and will continue to, fundamentally change payments, banking, market trading structure, Internet of things (IoT), healthcare, remittances, supply chains, digital identity and more. In addition, key exposure themes include cloud storage, decentralised computing, digital investment platforms, distributed ledger technology and promising innovations involving token interconnectivity and transaction scalability. The HFR Blockchain Composite Index has two constituent strategies – Cryptocurrency and Infrastructure. It includes performance data starting in 2015 with annualised performance of +282 per cent since inception, punctuated by a meteoric surge of +1,522 per cent in 2017 through November.    
 
The HFR Cryptocurrency Index, a sub-strategy index of the Blockchain Composite, includes all funds which invest and trade in cryptocurrency directly, typically generating performance through an actively managed portfolio of cryptocurrency assets, including Bitcoin, Ethereum, Litecoin, Ripple and many other coins, as well as new initial coin offerings (ICOs). Managers may use a variety of trading strategies from discretionary techniques to multiple automated bitcoin trading algorithms to analyse trends and adjust their portfolios as necessary. These trading strategies are primarily Macro in nature, including both fundamental and systematic trend-following approaches, but may also include, Arbitrage and Momentum strategies. The HFR Cryptocurrency Index has annualised performance of +292 per cent since inception and has surged +1,641 per cent in 2017 through November.
 
HFR began tracking the first cryptocurrency hedge fund in 2013, though interest and growth in this area has surged in 2017 as a result of stratospheric price increases and broad proliferation of new coins via ICOs, as well as launches of listed futures contracts. In addition, trading platforms that enable trading and improve liquidity to these dynamic and evolutionary markets have expanded and become more secure.  
 
The HFR Blockchain Indices are rebalanced on a quarterly basis and are investable through tracker funds operated by HFR Asset Management. Index performance reflects a universe of over 20 products which is expected to expand rapidly into 2018.
 
“Investor interest in funds offering exposure to Blockchain technologies and Cryptocurrencies has surged in recent months as these innovations continue to move towards the mainstream and generate compelling opportunities for investors, portfolio managers, traders and other market participants,” says Kenneth J Heinz (pictured), President of HFR. “While the recent performance has been exciting, trading and investing in these evolving areas requires specialised expertise and involves substantial volatility and risks, both real and structural. Taking these risks into consideration, it is likely that the evolving fundamental disintermediation of traditional payment processing associated with blockchain and cryptocurrencies will continue to grow in an absolute sense and as a component of hedge fund exposures.”  
 
 

offCrypto currencyBlockchainIndexesFlag: alphaq

HFR launches blockchain, cryptocurrency indices

Hedgeweek Interviews - Thu, 12/14/2017 - 03:00

HFR has launched two new indices, the HFR Blockchain Composite Index and the HFR Cryptocurrency Index, the first family of indices designed to capture performance of hedge funds investing in this rapidly evolving space.

The HFR Blockchain Composite Index includes funds that invest directly in blockchain technology, cryptocurrency or other emerging blockchain innovations. Managers focus on how blockchain technologies have begun to, and will continue to, fundamentally change payments, banking, market trading structure, Internet of things (IoT), healthcare, remittances, supply chains, digital identity and more. In addition, key exposure themes include cloud storage, decentralised computing, digital investment platforms, distributed ledger technology and promising innovations involving token interconnectivity and transaction scalability. The HFR Blockchain Composite Index has two constituent strategies – Cryptocurrency and Infrastructure. It includes performance data starting in 2015 with annualised performance of +282 per cent since inception, punctuated by a meteoric surge of +1,522 per cent in 2017 through November.    
 
The HFR Cryptocurrency Index, a sub-strategy index of the Blockchain Composite, includes all funds which invest and trade in cryptocurrency directly, typically generating performance through an actively managed portfolio of cryptocurrency assets, including Bitcoin, Ethereum, Litecoin, Ripple and many other coins, as well as new initial coin offerings (ICOs). Managers may use a variety of trading strategies from discretionary techniques to multiple automated bitcoin trading algorithms to analyse trends and adjust their portfolios as necessary. These trading strategies are primarily Macro in nature, including both fundamental and systematic trend-following approaches, but may also include, Arbitrage and Momentum strategies. The HFR Cryptocurrency Index has annualised performance of +292 per cent since inception and has surged +1,641 per cent in 2017 through November.
 
HFR began tracking the first cryptocurrency hedge fund in 2013, though interest and growth in this area has surged in 2017 as a result of stratospheric price increases and broad proliferation of new coins via ICOs, as well as launches of listed futures contracts. In addition, trading platforms that enable trading and improve liquidity to these dynamic and evolutionary markets have expanded and become more secure.  
 
The HFR Blockchain Indices are rebalanced on a quarterly basis and are investable through tracker funds operated by HFR Asset Management. Index performance reflects a universe of over 20 products which is expected to expand rapidly into 2018.
 
“Investor interest in funds offering exposure to Blockchain technologies and Cryptocurrencies has surged in recent months as these innovations continue to move towards the mainstream and generate compelling opportunities for investors, portfolio managers, traders and other market participants,” says Kenneth J Heinz (pictured), President of HFR. “While the recent performance has been exciting, trading and investing in these evolving areas requires specialised expertise and involves substantial volatility and risks, both real and structural. Taking these risks into consideration, it is likely that the evolving fundamental disintermediation of traditional payment processing associated with blockchain and cryptocurrencies will continue to grow in an absolute sense and as a component of hedge fund exposures.”  
 
 

offCrypto currencyBlockchainIndexesFlag: alphaq

PSA, Toyota lead European car sales gain, helped by extra selling day

Reuters Business News - Thu, 12/14/2017 - 02:11
BERLIN (Reuters) - European car sales rose 5.8 percent in November, helped by an extra selling day as PSA Group and Toyota posted the strongest gains among the region's major automakers, industry data published on Thursday showed.
Categories: Reuters

South Korea prosecutors seek four-year jail term for Lotte group chief

Reuters Business News - Thu, 12/14/2017 - 01:58
SEOUL (Reuters) - South Korea's prosecutors are seeking a four-year jail term and a fine of 7 billion won ($6.44 million) for Lotte Group chief Shin Dong-bin over a bribery scandal involving former President Park Geun-hye and her close friend Choi Soon-shil, a Lotte spokesman said on Thursday.
Categories: Reuters

Airbus executive says considering cuts to A380 production, no decision yet

Reuters Business News - Wed, 12/13/2017 - 22:59
SINGAPORE (Reuters) - Airbus SE is considering a reduction in A380 superjumbo production to six or seven a year but the company had not made a final decision yet, a top executive said on Thursday.
Categories: Reuters

Asia stocks edge higher after Fed meeting; dollar, U.S. yields sag

Reuters Business News - Wed, 12/13/2017 - 21:27
TOKYO (Reuters) - Asian stocks edged higher on Thursday after the Federal Reserve delivered a much-anticipated interest rate hike but flagged caution about inflation, tempering expectations for future tightening, which weighed on the dollar and Treasury yields.
Categories: Reuters

Fox's Star to bring Disney cash and cricket in India

Reuters Business News - Wed, 12/13/2017 - 20:24
(Reuters) - Walt Disney Co's expected deal with Twenty-First Century Fox Inc would give the world's best-known entertainment company new advantages in India, such as cricket rights and local-language TV shows for the fast-growing media market.
Categories: Reuters

Bumper crop of new drugs fails to lift big pharma R&D returns

Reuters Business News - Wed, 12/13/2017 - 19:07
LONDON (Reuters) - It is shaping up to be a bumper year for drug approvals, with U.S. officials clearing twice as many novel medicines as in 2016, yet returns on research investment at leading pharmaceutical companies are down.
Categories: Reuters

Republicans craft tax deal, final votes seen next week

Reuters Business News - Wed, 12/13/2017 - 18:57
WASHINGTON (Reuters) - Congressional Republicans reached a deal on final tax legislation on Wednesday, clearing the way for final votes next week on a package that would slash the U.S. corporate tax rate to 21 percent and cut taxes for wealthy Americans.
Categories: Reuters

Fed raises interest rates, keeps 2018 policy outlook unchanged

Reuters Business News - Wed, 12/13/2017 - 18:51
WASHINGTON (Reuters) - The Federal Reserve raised interest rates on Wednesday but left its rate outlook for the coming years unchanged even as policymakers projected a short-term jump in U.S. economic growth from the Trump administration's proposed tax cuts.
Categories: Reuters

Fed lifts interest rates, keeps 2018 policy outlook unchanged

Reuters Business News - Wed, 12/13/2017 - 18:06
WASHINGTON (Reuters) - The Federal Reserve raised interest rates on Wednesday but left its rate outlook for the coming years unchanged even as policymakers projected a short-term jump in U.S. economic growth from the Trump administration's proposed tax cuts.
Categories: Reuters

Lockheed Martin may top Boeing in race to supply Canada jets: experts

Reuters Business News - Wed, 12/13/2017 - 17:26
OTTAWA (Reuters) - Canada's decision to make it harder for Boeing Co to win a major jet order hands rival plane maker Lockheed Martin Corp an advantage in capturing the contract, defense experts said on Wednesday.
Categories: Reuters

Dutch-Belgian supermarket to battle Amazon on two fronts

Reuters Business News - Wed, 12/13/2017 - 17:25
ZAANDAM, Netherlands (Reuters) - Unlike investors who sold off rival food retail stocks in response to Amazon's plan to buy Whole Foods, Ahold Delhaize boss Dick Boer took the news in stride.
Categories: Reuters

Delta may place order for 100 Airbus A321neo jets: sources

Reuters Business News - Wed, 12/13/2017 - 17:11
PARIS/NEW YORK (Reuters) - Delta Air Lines looked close on Wednesday to placing an order for 100 Airbus A321neo jets in a boost for the European planemaker as it tries to narrow a 2017 order gap against Boeing , two people familiar with the matter said.
Categories: Reuters

WTO meeting ends in stalemate after U.S. rebukes, member vetoes

Reuters Business News - Wed, 12/13/2017 - 17:02
BUENOS AIRES (Reuters) - The World Trade Organization's biennial meeting ended in stalemate on Wednesday after U.S. criticism and member country vetoes, raising questions about the body's ability to govern increasingly disputed global trade.
Categories: Reuters
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