Algo misuse contributing to stock price falls: Senrigan

Oct 16, 2011

Asia-Pacific stocks have seen sudden sharp price drops during the recent turmoil due to inappropriate use of trading algorithms, says John Tompkins of Senrigan Capital.

Hedge funds have had a torrid few months, and sudden drops in share prices due to misuse of trading algorithms have not helped matters, argues John Tompkins*, head of trading at Senrigan Capital, a Hong Kong-based event-driven manager. Hedge Fund Research’s global composite index fell 2.81% in September, meaning they closed the third quarter down 5.5%. Asia ex-Japan funds have fared particularly badly, down 9.33% in September and 16.13% for 2011. Event-driven funds globally fell 3…

Please sign in or register

for free access to 1 article per month from AsianInvestor’s content and archives of over 16,000 articles.