Funds
Brummer & Partners’ flagship multi-strategy hedge fund vehicle ended 2021 in negative territory, despite solid annual showings from its trend-following, macro and systematic equity names.
Macro hedge fund firm Rokos Capital Management made more than GBP900 million in profits during the early days of the coronavirus pandemic, according to a report in the Financial Times.
The firm generated returns of 44 per cent in 2020 – its best annual performance to date – generating GBP914 million in profit in the 12 months to 31 March, 2021.
According to a filing with Companies House, the income is available to be divided up among the hedge fund’s partners with manager Chris Rokos, formerly a co-founder of Brevan Howard, eligible for the largest share of the gain, some
FiscalNote, an AI-driven enterprise SaaS company that delivers legal and regulatory data and insights, is to acquire Aicel Technologies (Aicel), a Seoul, Korea-based alternative data company that provides alpha-capturing dataset solutions and extracts value and actionable insights to drive business solutions for emerging fintech markets around the world.
Aicel processes both proprietary and licensed data, such as trade and export information, patent filings, aggregated consumer and retail transactions, food delivery and home-sharing data, e-Commerce sales information, and ESG metrics on a subscription basis for customers including asset management companies, hedge funds, and investment firms.
Aicel leverages advanced technology to collect,
Infrastructure Capital Advisors (InfraCap), a manager of a series of hedge funds and ETFs has launched the InfraCap Equity Income Fund ETF (NYSE Arca: ICAP).
ICAP is an actively managed ETF overseen by portfolio manager and InfraCap Founder & CEO Jay D Hatfield. ICAP will primarily invest in equity securities of companies with a strong track record of paying dividends during normal market conditions.
ICAP’s portfolio of equities will generally be a diversified selection of securities, including a broad cross-section of sectors and sub-sectors, such as REITs, Utilities, Industrials, pipelines, and financials. In a further attempt to boost yield and
Zhejiang High-Flyer Asset Management, one of China’s top quant hedge fund managers, has apologised to investors following a record slump in performance, according to a report by Bloomberg.
Cboe Global Markets, a provider of global market infrastructure and tradable products, is tolaunch futures on the AMERIBOR (American Interbank Offered Rate) Term-90 interest rate benchmark. The new futures are expected to begin trading on Cboe Futures Exchange, LLC (CFE) on business date Monday, 24 January, 2022.
AMERIBOR, disseminated by the American Financial Exchange, LLC (AFX), is a transparent, transactions-based interest rate benchmark that represents market-based borrowing costs. The AMERIBOR Term-90 benchmark is specifically designed to capture wholesale funding costs for American financial institutions over a ninety-day period at a specific moment in time.
The planned AMERIBOR Term-90 futures
The European Energy Exchange AG (EEX) intends to change the data source methodology of the provided Polish Power Benchmarks.
From 1 April 2022, the EEX AG Power Benchmarks for the Polish power market area, the Polish Base Month Indices and Polish Peak Month Indices, shall be calculated based on the hourly prices for Polish Day-Ahead-contracts determined by EPEX SPOT via the coupled Day-Ahead-Auction. The current data source, the local Polish power exchange, shall be replaced as of this date.
The change of the data source is performed against the background of the Single Day Ahead Market Coupling process (SDAC) for
Alternative asset management firm Hayfin Capital Management has exceeded its EUR2 billion target to invest via its Hayfin Special Opportunities Fund III. The successful fundraise comprises Fund III, which has reached a final close, and related separately managed accounts.
Hayfin employs a broad and flexible investment mandate through its Special Opportunities strategy, deploying capital into a range of unique opportunities across industries, markets, and sub-strategies in situations where financing may be scarce. The fundraise provides Hayfin with what the firm believes is the right amount of capital to invest in corporate and asset-backed opportunities arising from post-pandemic dislocation and related
Alteri Investors (Alteri), a specialist European retail sector investor, has made a significant investment in Missguided Limited, owner of the global fashion brand and digital retailer Missguided.
Alteri’s investment, comprising both debt and the acquisition of 50 per cent of the group’s equity, will provide the business with the liquidity and support it needs to overcome short-term supply chain challenges, as well as a platform to return the business to sustainable profitability.
The deal will see the current management boosted by the addition of an Executive Chairman with strong retail and turnaround experience. The Board will be further
The European Energy Exchange (EEX) is to acquire 100 per cent of energy analytics company Lacima Group.
Lacima, headquartered in Sydney, Australia, is a provider of technology solutions for trading and risk management in the global energy and commodities markets. Lacima’s risk analytics software manages valuation, optimization and risk management. Their trading analytics solution provides tools for pre-trade analyses, structuring and valuation, which further supports trading decisions for their customers.
EEX’s acquisition of Lacima Group will be a seamless process for all Lacima clients whose relationship with the company will remain unchanged. Lacima will continue to operate as an entity
