As global equities markets on both sides of the Atlantic continue to flutter, credit and emerging markets are throwing up comparatively attractive trading opportunities, BlueBay Asset Management, the London-based fixed income and credit-focused hedge fund, said on Thursday.
Gold prices are storming back towards their mid-April highs, with investor appetite holding up amid sustained market volatility – potentially bringing further gains for hedge funds which have built major positions in the commodity recently.
Refinitiv is adding Bank Bills pricing information to its real-time data feed, thanks to its newly-expanded partnership with trading platform Yieldbroker. Customers will receive critical information relating to short-term funding, balance sheet management, along with hedging strategies and necessary instrument valuation and risk management.
Quincy Data has expanded its offering with the addition of US treasuries data, using sister company McKay Brothers’ microwave network to transport the data to Aurora, IL in under four milliseconds, the lowest latency available.
Emerging markets assets are expected to further weaken this month, as EM economies grapple with a rise in Covid-19 cases and an uncertain recovery in China, Man Group officials said on Tuesday.
The advent of negative prices for the US West Texas Intermediate (WTI) oil benchmark will further squeeze growth and investment in the Permian basin, potentially heralding a sharp slide in US natural gas exports, according to Horseman Capital Management.
The recent equity market rally is unlikely to stave off the “devastating” economic impact of Covid-19 this year, according to Absolute Return Partners’ founder and CIO Niels Clemen Jensen.
By Don Steinbrugge, Founder and CEO, Agecroft Partners – The massive dislocations in the fixed income markets in March caused huge divergence in performance among hedge fund managers with similar strategies.
Pershing Square CEO Bill Ackman’s “very negative view” and “good sense of timing” powered the firm’s stellar USD2.6 billion gain last month but the high-profile activist hedge fund manager does not fear a protracted 1930s-style depression as a result of the Covid-19 shutdown.
Volatility across asset classes will remain elevated as global economies grapple with the continued coronavirus lockdown, with Black Swan events appearing “all too often”, according to BlueBay Asset Management.