Pierre-Henri Flamand, Man GLG’s CIO emeritus and hedge fund industry veteran, says the huge economic stimulus from governments to combat the coronavirus crisis is fuelling the threat of inflation, and is warning investors to “be vigilant rather than to relax”.
The European Energy Exchange (EEX) intends to enable negative prices on its natural gas spot markets as of 1 October 2020, following a number of key price fluctuations which have taken place in the market over the recent months.
After global stock markets suffered their steepest sell-off since June, Hedgeweek rounds up a range of perspectives from across the hedge fund spectrum, gauging the broader impact of this week’s unexpected reversal and the potential for renewed market volatility up ahead.
The Power Spot Intraday market as operated by EPEX SPOT, increased by 25 per cent to 9.2 TWh in August, with the Belgian market reporting a new record of 263.6 GWh (previous record in May 2020 with 256.6 GWh) and the Netherlands registering their second highest volume to date with 377.3 GWh.
BlueBay Asset Management, the London-based fixed income and emerging markets manager, is warning the recent uptick in economic activity could give way to “a more difficult backdrop” in August, as the future direction of the global economy continues to hinge heavily on developments surrounding a potential coronavirus vaccine.
Transaction Network Services (TNS) has signed a new agreement with Cboe Europe, one of the largest pan-European equities stock exchange operators by value-traded, to become a registered vendor for its European equities market data.
European traders are backing a 90-minute reduction in trading hours in a bid to concentrate liquidity creating more efficient markets.
Equity market neutral hedge fund strategies could be set for a reversal of fortunes, as trading conditions normalise towards 2020’s midway point.
Continued central bank support amid the Covid-19 pandemic is creating “bubble-style valuations” in markets, according to Chenavari Investment Managers, a London-based credit-focused hedge fund.
CF Partners Capital Management, a London-based energy-focused hedge fund, is betting on a continued price recovery in energy markets heading into the second half of 2020.