News 

A longtime alternative data player just fired the majority of its staff and its CEO resigned. It might be a sign of tough times to come for a market set to grow to $7 billion.

“Justin Zhen, cofounder of alternative data provider Thinknum, said that the influx of participants in recent years has made it tough for consumers of alternative data to sort through all their options” writes Bradley Saacks for businessinsider.com. Part of the booming $7 billion alternative data industry, the company collects location data from cellphones to help hedge funds make money.”I believe that a lot of the more advanced alternative data users — advanced hedge funds and investors — are probably experiencing what I might call ‘alternative data fatigue.’” Read more: Hedge…

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Crypto News 

Bitcoin Is a Hedge Against Gov’t ‘Fiscal Irresponsibility’ — Analyst

“In an interview with CNN on Sept. 15, Kling argued that the specific properties of Bitcoin make it an exceptional insurance policy against monetary and fiscal irresponsibility from central banks and governments globally” writes Marie Huillet for cointelegraph.com. Equities portfolio manager turned crypto fund executive Travis Kling has argued that Bitcoin (BTC) has come into its own as a unique hedge within the current macroeconomic climate.Also, this summer,  the head of global fundamental credit strategy at Deutsche Bank remarked that central banks’ dovish policies are positively impacting “alternative” currencies like…

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Markets News Stocks 

There’s been an ‘unheard of’ stock market shift this week and it’s crushing hedge funds. Here’s everything you need to know.

“To casual observers, the stock market has traded in a relatively benign fashion over the past few days” writes Akin Oyedele for businessinsider.com. In short, there’s been a massive rotation away from the best-performing stocks and into those that had been neglected.But some remarkable shifts that took place underneath the surface caught the attention of strategists, and are inflicting severe pain on a number of hedge funds.That is known as a rotation from momentum stocks, or those that have had the wind behind their backs, to value stocks, or those…

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News 

Hedge funds are getting whacked in an ‘unheard of’ stock market shift — and a leaked Morgan Stanley memo warns of possible pain for months

“Everything that worked all year got sacked and whacked,” one quant hedge fund source told Business Insider” writes Bradley Saacks for businessinsider.com. But the quant hedge fund source said that losses this time around were “not close to” those during the quake a decade ago.”This has been a brutal move,” said another person at a hedge fund in London. Source: businessinsider.com

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Crypto Futures News 

Bakkt to Require $3.9K Down Payment on Bitcoin Futures Contracts

“Both the monthly and daily futures contracts will have a $400-$1,000 hedge rate, but the speculative rate will fluctuate from $440-$1,100” reports coindesk.com. The initial hedge requirements are for accounts which already have exposure to bitcoin, Todaro said, adding: Similarly to the initial hedge and speculation rates, Bakkt’s inter-month add-ons differ.Bakkt has officially revealed the initial deposits its customers will have to make to margin trade its bitcoin futures products. Source: coindesk.com

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Crypto News 

London-Based Hedge Fund Raises $50M to Launch New Crypto Investment Fund

“Nickel Asset Management, a United Kingdom-based hedge fund manager, has raised $50 million for its newly launched crypto investment fund” writes Joeri Cant for cointelegraph.com. According to a report from Finance Magnates on Sept. 9, the hedge fund has raised $50 million for its newly launched crypto investment fund, Nickel Arbitrage Fund, which aims to take advantage of arbitrage trading in digital assets.Nickel Asset Management CEO Anatoly Crachilov added that it is just a matter of time until digital assets become part of institutional portfolio allocations for investors around the…

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News Oil 

Hedge funds sell oil as global economy deteriorates: Kemp

“LONDON (Reuters) – Hedge funds are becoming more pessimistic about the outlook for oil prices as trade tensions between the United States and China remain unresolved and global economic growth grinds to a halt” writes Midwest Communications Inc for 95kqds.com. In the most recent week, funds were net sellers of U.S. gasoline (-19 million barrels), U.S. heating oil (-4 million) and European gasoil (-3 million), reflecting the deteriorating outlook for fuel consumption.As a result, funds have cut their dynamic net long position to just 8 million barrels, down from a…

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News Oil 

Mexico and Pemex will hedge oil output: 2020 budget plan

“The Mexican Finance Ministry’s roughly $1 billion annual oil hedge is considered the world’s largest oil trade” writes Midwest Communications Inc for 95kqds.com. MEXICO CITY (Reuters) – Mexico will maintain a strategy of hedging its oil output against lower prices, the government said in its 2020 budget proposal unveiled on Sunday, adding that state oil company Pemex would also continue a similar but separate hedging program.The Pemex hedge is much smaller than the one carried out by the Finance Ministry.The Finance Ministry based its 2019 hedge calculations on $55 per…

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News 

The explosion of ‘alternative’ data gives regular investors access to tools previously employed only by hedge funds

“Alternative data sets should generally be expected to deliver performance similar to traditional data sets, he said” writes Deputy Markets Editor for marketwatch.com. Video: How ‘alternative data’ gives an investing edge — if you can afford it There’s also a gee-whiz factor.Four popular types of alternative data and how they’re used Web scraping: The most widely used form of alternative data, according to research firm Greenwich Associates, web scraping collects data from targeted websites in a bid to gain information on brands, companies and corporate activity.The growth in alternative data…

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News 

Explosion of ‘alternative’ data puts hedge fund style tools in the hands of regular investors

“Alternative data sets should generally be expected to deliver performance similar to traditional data sets, he said” writes Deputy Markets Editor for marketwatch.com. Video: How ‘alternative data’ gives an investing edge — if you can afford it There’s also a gee-whiz factor.Four popular types of alternative data and how they’re used Web scraping: The most widely used form of alternative data, according to research firm Greenwich Associates, web scraping collects data from targeted websites in a bid to gain information on brands, companies and corporate activity.The growth in alternative data…

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