Convertible bond arbitrage strategies may hold half of the reported short positions in Tesla, as short bets against the electric carmaker remain resilient despite its market value roaring past USD150 billion this week.
Cowen has entered into an agreement to cooperate with Global Prime Partners (GPP) to transition GPP’s International Prime Brokerage business to Cowen. Cowen and GPP will work together to implement this transition efficiently and with a commitment to best serve GPP’s
Hedge fund returns were positive, led by CTAs, during the last week, mainly thanks to their long energy and bond positions, according to the latest Weekly Brief from Lyxor’s Cross Asset Research team. Merger funds also benefitted from a rapid
By Don Steinbrugge (pictured), Agecroft Partners – With more 15,000 competitors, the hedge fund industry is extremely competitive. Many institutional investors are contacted by thousands of managers a year, meeting with a few hundred, have follow up meetings with fifty,
Leucadia Asset Management, has formed a strategic relationship with Dymon Asia Capital and made an investment in the Dymon Asia Multi-Strategy Investment Fund. In connection with the transaction, Leucadia Asset Management will acquire an economic interest in certain of Dymon Asia
The European Energy Exchange (EEX) has launched the “InsightCommodity” platform giving users the possibility to establish a comprehensive overview of available data products, services and providers around the energy and commodity markets of EEX Group. Dr Marcus Mittendorf, EEX Director Market
Credit-focused hedge fund strategies spanning corporate credit, structured credit and convertible arbitrage made hay amidst a sustained positive investment backdrop last month.
Hedge funds are continuing to offload exposures that face a potential hit from the effects of the coronavirus, as Lyxor Asset Management forecasts a “transitory economic impact” from the deadly outbreak. As fatalities from the virus rose to 425, and
First Eagle Investment Management (First Eagle) has completed its previously announced acquisition of THL Credit Advisors (THL Credit).First Eagle Alternative Credit, as the combination of First Eagle’s existing private credit platform and THL Credit is now known, focuses on both
OCC, one of the world’s largest equity derivatives clearing organisations, has reported January 2020 total cleared contract volume of 521,727,816 contracts, the industry’s highest January ever – up 23.5 per cent from January 2019, and the third highest month overall. The
