Funds
Cryptocurrency hedge fund Tyr Capital is tapping into growing investor appetite for digital assets with the launch of a new long-only fund next year, after its main multi-strategy vehicle increased assets and scored double-digit returns this year.
Its main multi-strategy fund, Tyr Capital Arbitrage, is now on track for a 25 per cent gain this year, with a Sharpe ratio above 3.5 since inception for its investors.
Launched in 2019, the strategy – which aims to generate alpha through a diversified set of arbitrage and relative value strategies – has quadrupled its AUM in 2021 thanks to surging investor demand,
After a rocky September and the crypto price crash wiping out hundreds of billions of dollars from the entire market, digital currencies quickly bounced back, driving the global crypto market cap to new record highs.
The TM CRUX UK Special Situations Fund has generated a 44 per cent return for investors over its first three years, underscoring the attractions of long-term capital growth through bottom-up, high-conviction investing in mispriced British stocks.
The Fund is ranked amongst the top 10 performers investing in UK companies over the last year and has grown to over GBP200 million AUM.
Launched in October 2018, the TM CRUX UK Special Situations Fund balances growth and value, investing in UK companies experiencing strong growth but are trading at attractive valuations. The Fund also backs companies where the prospects of management change
Hedge fund managers generated further positive returns across all strategy types in October, which has swelled total global industry assets to a record USD4.04 trillion.
Credit Suisse will recommend hedge funds and other clients of its prime services business to BNP Paribas as part of a referral agreement between the banks, after the Switzerland-headquartered group unveiled plans to shutter its prime brokerage operations following losses stemming from the collapse of Archegos Capital Management.
EEX Group’s Global Power volume achieved an increase of 29 per cent year-on-year to a total volume of 804 TWh.
European Power Derivatives increased by 18 per cent y-o-y to 493 TWh. Greek Power Futures registered a new monthly record with 7.6 TWh traded (+761 per cent), while Nordic Power Futures also achieved a strong increase of 465 per cent, and Japanese Power Derivatives reached a volume of 702 GWh (+530 per cent).
Nodal’s US Power Derivatives recorded 256 TWh – a new monthly record and an increase of 67 per cent against October 2021.
EEX Group Natural Gas markets achieved
Credit Suisse is shutting down most of its hedge fund prime brokerage services following significant losses incurred as a result of Archegos Capital Management’s collapse earlier this year.
The Trium Sustainable Innovators has launched the Leonie & Norman Institute, a new think tank focused on advocating ESG best practice within the asset management industry.
Sir Paul Marshall, co-founder, chairman and chief investment officer of UK hedge fund giant Marshall Wace, has donated GBP50 million to the London School of Economics’ Marshall Institute to establish a new accelerator programme aimed at tackling future environmental, health, and social inequality challenges.
The Marshall Impact Accelerator – which is being unveiled on finance day at the COP26 climate summit in Glasgow and is scheduled to launch in spring next year – will provide philanthropic capital for innovative social ventures spanning environment, health, social inequality, public policy and developmental economics challenges.
The initiative will combine LSE’s research expertise and the Marshall
CVC Credit has priced Cordatus XXII, a Collateralised Loan Obligation (CLO) fund totalling EUR440 million and arranged by Deutsche Bank.
This is the sixth new CLO fund CVC Credit has priced globally this year and will take its total assets under management to EUR24 billion.
Cordatus XXII was significantly oversubscribed and raised from both new and long-standing existing investors. The fund priced at the tight end of the market, with the AAAs at 94bps, which is the tightest long dated CLO print seen in Europe in H2 2021. As with previous Cordatus CLOs, the fund is primarily comprised of
