Funds
Credere Capital, a convertible arbitrage-focused hedge fund led by well-known industry veteran Oliver Dobbs (pictured), is launching a higher-volatility, higher-return version of its Trium Credere strategy later this year to tap into growing investor demand for such strategies.
American Securities’ opportunistic credit business, Ascribe Capital, has merged with Birch Grove Capital (BGC), a credit asset management business, to form AS Birch Grove, which now manages approximately USD5 billion in assets across an opportunistic hedge fund, private credit vehicles, and par credit and collateralised loan obligation vehicles.
Read the full story at Private Equity Wire…
Energy-focused hedge funds are capitalising on oil’s continuing price surge, as the commodity hit its highest level since 2018 this week.
Hedge fund managers that trade across the oil market and energy equities spectrum have generated eye-catching double-digit returns this year, as bullish bets built around price rises driven by reopening economies pay off.
US prices – as measured by the West Texas Intermediate crude benchmark – topped USD75 per barrel for August on Thursday, while Brent crude soared above USD76 per barrel, levels last seen around October 2018.
RCMA Capital’s long-running Merchant Commodity Fund – which trades commodity derivative
The newly elected EEX Exchange Council has held its constitutive meeting during which the Exchange Council members elected Dr Bernhard Walter, Head of Market Design and Regulatory Affairs at EnBW AG as new Chairman.
In addition, the members elected Pierre Chevalier, Head Energy Price Risk Management at DB Energie GmbH, Jens Göbel, Director Power, Gas and Emissions Trading at CEPSA GAS Y ELECTRICIDAD SA, and Stefan Sewckow, Managing Director at MVV Trading GmbH as Vice-Chairmen. The Exchange Council members expressed their gratitude to Dr Michael Redanz who did not stand for another mandate as Chairman after two terms.
In
More hedge funds were launched in the first quarter of this year than at any other time since the end of 2017, with the number of new strategy roll-outs outstripping liquidations for the third consecutive quarter, amid further signs the industry is on track for another strong year.
Activist hedge fund CIAM says SCOR SE’s board of directors can “no longer ignore” shareholder discontent over governance practices, after the French reinsurance firm’s annual general meeting registered sizeable opposition to the board’s proposed remuneration policies.
Event driven hedge funds are making hay amid soaring levels of corporate activity, with new stats showing these managers raked in their best first-quarter returns in almost 30 years, as a number of newly-launched strategies look to get a piece of the M&A action.
Event driven managers – which seek to capitalise on stock mispricings and other valuation anomalies stemming from mergers and acquisitions, bankruptcies, takeovers and other corporate events using activist, merger arbitrage and special situations strategies – posted a first quarter composite return of 7.3 per cent, according to new research by bfinance, their strongest Q1 showing since
The Project Finance Exchange (PFX), a ‘closed’ marketplace where capital-raising construction and infrastructure projects can connect and engage seamlessly with private fund managers, has grown to over USD30 billion aggregate capital available within its first three months of opening in April.
Read the full story at Property Funds World…
Equileap, a provider of gender equality data & insights globally, partnering with Nasdaq to support the launch of its ESG Data Hub.
Read the full story at Institutional Asset Manager…
The European Energy Exchange (EEX) has entered into a cooperation with Pexapark, a specialist for renewable energy sales and risk management.
Both companies are aiming to unite their unique capabilities to enhance pricing visibility and market-based risk management solutions for renewable energy projects in Europe. This collaboration will expand trading solutions for hedging renewable energy, ultimately increasing sustainability and growth in the power markets.
The cooperation focuses on promoting market-based instruments to hedge price risk in renewable energy assets, for example by means of Power Purchase Agreements (PPAs), and to enable the transition from support mechanisms to subsidy free power
