Funds
Hedge funds betting against Sainsbury’s have taken a dent after the UK supermarket giant’s share price rose this week on the back of strong Q1 sales numbers, prompting the FTSE 100-listed firm to revise its profit outlook upwards.
A number of well-known hedge funds – including BlackRock, Marshall Wace and Citadel – have built negative wagers against Sainsbury’s lately, while the likes of Pelham Capital and Third Point continue to hold longer-standing bearish bets, according to regulatory disclosures made to the FCA.
The UK’s second biggest supermarket chain – which is one of the ‘Big Four’ grocers alongside Tesco, Asda,
Hedge funds had a mixed month in June, according to the latest Man FRM Early View. The largest contribution to performance came from a pick-up in FX volatility, which led to significant losses for several CTA managers, although some of these losses were recovered by month end.
Man Group says that other strategies benefited from what was a general ‘risk-on’ sentiment throughout the month, albeit with periods of turbulence in the middle of June.
Equity long-short managers benefitted from the strong month for global equity markets broadly, while credit managers also benefitted from the good month for risk assets,
Leading hedge fund manager North Asset Management (North) has selected SIGTech, a provider of next-gen quant technology for global investors, to support the firm’s expansion strategy into systematic investing.
North currently manages seven funds that focus on foreign exchange, macro and fixed income. The firm has identified systematic as a new area for growth.
North Asset Management is an independent alternative asset manager based in London. Founded in July 2002, the firm has a highly experienced, award-winning team with a strong risk management culture, continuously focusing on risk-adjusted returns, and commitment to transparent and detailed reporting to investors.
LGT Capital Partners has successfully launched two fixed income funds dedicated to sovereign strategies in emerging and especially in frontier markets.
Read the full story at Institutional Asset Manager…
Stockholm-based Brummer & Partners’ flagship multi-strategy hedge fund vehicle is flat for the first half of the year, after June brought trend reversals in currencies, bonds and gold, and sharp rotations across equities, leading to losses in several of its underlying funds.
Professional investors are forecasting a surge in commodities trading over the next 12 months as the so-called commodity supercycle takes effect, new global research from blockchain-based derivatives trading platform CloseCross shows.
Its research among professional investors around the world responsible for around $380 billion in assets under management, found 84 per cent expect the level of trading in commodities to increase in the year ahead with 29 per cent forecasting a substantial increase.
A key driver is that 81 per cent of them believe markets are entering a commodity supercycle where commodities trade above their long-term price trend for decades-long periods,
Integral, a technology company in the foreign exchange space, has reported average daily volumes (ADV) across Integral platforms of USD51.0 billion in June 2021.
Read the full story at Institutional Asset Manager…
Derivatives marketplace CME Group has reported its Q2 and June 2021 market statistics, showing it reached average daily volume (ADV) of 18.4 million contracts for both the second quarter and the month of June.
According to CME Group’s latest figures, overall ADV increased 5 per cent, while interest rate futures and options volume rose by 25 per cent, including: Record SOFR futures ADV of 118K, an increase of more than 200 per cent, and a 19 per cent increase in interest rate options.
CME Group also saw record bitcoin futures and options ADV of 26,575 contracts, as well as record
BlackRock has launched the Systematic Multi-Strategy ESG Screened Fund (the Fund), its first single-manager multi-strategy liquid alternatives UCITS fund with daily liquidity in Europe.
Read the full story at Institutional Asset Manager…
Quantology Capital Management, a Paris-based systematic long/short equity-focused hedge fund firm, has launched a new strategy, Quantology US Equity.
The new fund aims to outperform the Nasdaq 100 Index, described by Quantology as “the best performer and the hardest index to outperform over the last 10 years.”
The launch comes as the firm’s Quantology Absolute Return strategy ended the first half of 2021 in negative territory, down just over 1 per cent having lost 0.5 per cent in June.
In a strategy update, Quantology said its flagship systematic long/short US-focused market neutral equity hedge fund, which trades Nasdaq and NYSE-listed
