Funds
Altana Wealth’s carbon futures-focused strategy, which trades opportunities stemming from rising carbon credit costs in the European Union, has scored a near-60 per cent return since launching earlier this year.
The Altana Carbon Futures Opportunity gained 49.80 per cent last month, an emphatic return which pushed its year-to-date return to 59.52 per cent since launching in July.
As part of the EU’s commitment to combat climate change, the European Commission aims to drive up the price of carbon credits in order to push behavioural change among participating member states and companies.
Altana Wealth, the multi-strategy hedge fund led by former
Redhedge Asset Management’s (Redhedge) Relative Value UCITS fund has surpassed EUR100 million in assets under management less than one year after its inception.
The UCITS fund has been launched to meet demand from institutional investors, such as pension funds and family offices, that cannot invest in non-UCITS products and are searching for a product that is decorrelated from major financial markets. The fund will be managed by Andrea Seminara, CIO and CEO, and Voon Kiat Lai, Senior Portfolio Manager.
The fund applies a hedged investment strategy in developed European investment-grade credit markets, which is actively managed by Redhedge’s team
Bain Capital Credit has acquired Project Frontier, which involves the sale of 95 per cent of the Mezzanine and Junior notes from a securitisation backed by a cEUR6 billion gross book value portfolio of non-performing exposures from National Bank of Greece.
Bain Capital Credit, Fortress Investment Group (Fortress) and doValue (doValue) have formed a consortium whereby funds and accounts managed by Bain Capital Credit and Fortress respectively acquired the Notes and doValue was appointed as the servicer of the securitisation.
Project Frontier is a landmark transaction, being the first large scale securitisation on a servicer-release basis, utilising the Hellenic
The gross return of the SS&C GlobeOp Hedge Fund Performance Index for November 2021 measured -1.71 per cent.
Hedge fund flows as measured by the SS&C GlobeOp Capital Movement Index meanwhile, advanced 0.36 per cent in December.
“SS&C GlobeOp’s Capital Movement Index finished a very favorable 2021 with net inflows for December of 0.36 per cent, up from -0.04 per cent for the same period a year ago,” says Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies. “Full-year 2021 showed the strongest net capital flows since 2013. Investors are showing increased confidence in hedge strategies during a period of
Hedge fund Anchorage Capital, a major player in distressed debt investing, is closing its USD7.4 billion flagship fund, according to a report in the Wall Street Journal.
Anchorage, which has around USD30 billion in assets, hasn’t specified a date for the return of investor cash. The firm will now focus on its structured credit and private equity-style funds.
Most hedge funds are now moving to a permanent hybrid working environment as a result of the Covid-19 pandemic, but concerns over team-building, collaboration and decision-making remain, as more managers look to expand their product offering into new areas and strategies, a wide-ranging new study published by the Alternative Investment Management Association and KPMG has found.
JTC has acquired Essential Fund Services (EFS), New York-headquartered provider of a broad range of services in the alternative assets space, including accounting, reporting and administrative services to investment partnerships and their investment managers.
The acquisition will be settled via cash and JTC equity.
Gerard Federici will continue to lead the business and all current EFS employees will join JTC, becoming part of the Group’s Institutional Client Services (ICS) Division. The transaction is not subject to any regulatory approvals and completes with immediate effect.
OptionMetrics, an options database and analytics provider for institutional investors and academic researchers worldwide, has launched IvyDB Global Indices 3.1.
This database offers even more options data across major indices in North America, including the United States and Canada; Europe, and Asia-Pacific, and an expanded volatility surface, enabling better assessments of shorter- and longer-term investing and hedging strategies.
OptionMetrics IvyDB Global Indices 3.1 covers 35 major indices, representative of global markets worldwide, including S&P 500 Index, CBOE Russell 2000, VIX CBOE Market Volatility, DJ EURO STOXX50, VSTOXX, S&P 100 and 400, Nikkei 225, Hang Seng, CAC 40, Asia Nikkei,
The European Energy Exchange (EEX) has published the 2022 calendars for the auctions of EU Aviation Allowances (EUAA) for the EU Member States as well as for the auctioning of EU Emission Allowances (EUA) for the UK in respect of generation of electricity in Northern Ireland for the single wholesale electricity market in Ireland and Northern Ireland.
This has been coordinated with the European Commission, the EU Member States and the EEA EFTA states participating in the common auction platform (CAP3) as well as with the competent authorities of Germany and Poland, as well as with UK authorities.
In its
Strong gains in Emerging Markets (EM) hedge funds focused on India, Russia, and the Middle East continued to lead through Q3, navigating macroeconomic challenges of inflationary pressures, global supply chain constraints, and the emergence of the Omicron coronavirus variant, with performance topping EM regional equity markets and again being complemented by volatile cryptocurrencies.
The HFRI Emerging Markets (Total) Index has returned +5.6 per cent YTD 2021 through November, led by the HFRI Emerging Markets: India Index, which has vaulted +35.0 percent YTD, while the HFRI Emerging Markets: Russia/Eastern Europe Index surged +22.7 percent, as reported by the latest HFR Asian Hedge
