Funds
The Power Spot markets, operated by EPEX Spot, increased by 3 per cent in May 2021 to a total volume of 52.7 TWh (May 2020: 51.2 TWh).
The Intraday markets mainly contributed to these results, registering a 27 per cent growth to 10.6 TWh (May 2020: 8.4 TWh) and posting new records on the Austrian (416.8 GWh) and Dutch (471.6 GWh) markets.
European Power Derivatives markets grew by 24 per cent in May and reached 391.8 TWh (May 2020: 315.5 TWh). While the Spanish (25.8 TWh) and Greek (2.0 TWh) markets posted new highs, the German, Austrian and Swiss markets
CIAM, the London- and Paris-based activist hedge fund, has launched a fierce attack on reinsurance firm SCOR SE’s corporate governance and management succession plans, and is calling for shareholders to vote against the re-election of chairman Denis Kessler and board directors and to oppose proposed remuneration policies at the company’s AGM later this month.
The activist hedge fund, which wrote to SCOR last year to address “significant corporate governance deficiencies”, has welcomed the separation of the roles of chairman and CEO following the departure of Kessler as CEO.
But in a letter addressed to SCOR’s board of directors and Augustin de
Bitcoin latinum, the next-generation insured bitcoin fork capable of massive transaction volume, digital asset management, cyber security, and capacity has announced a green initiative to achieve a carbon net-zero footprint, as a commitment to sustainable environmental practices and support of the Crypto Climate Accord.
This will be achieved through a Consensus protocol system for settling transactions. Bitcoin Latinum is also announcing its hard-fork and public trading availability for Q3 2021.
Bitcoin latinum is an enhanced Bitcoin fork. The bitcoin latinum algorithm and infrastructure break barriers and speed limits that have prevented some virtual currencies from achieving practical, real-time use. Bitcoin
Well-known hedge fund bear Russell Clark is questioning how valuable bitcoin is under the stock-to-flow model, a framework traditionally used for precious metals such as gold and platinum, in light of recent sharp price volatility.
Hedge funds saw USD19.1 billion in new assets flow into the industry in March. Coupled with a USD28.5 billion monthly trading profit, total hedge fund industry assets rose to more than USD4.07 trillion as March ended, a new record high, according to data released by BarclayHedge.
Most hedge fund sectors experienced net inflows in March. Fixed Income funds set the pace adding USD6.9 billion to assets, while Sector Specific funds brought in USD5.8 billion, Emerging Markets – Asia funds saw USD5.6 billion in inflows, Event Driven funds took in USD3.0 billion and Multi-Strategy funds added USD2.9 billion.
Notable among sectors
Prestige Group, a specialist private lending asset manager with a successful 12- year track record in the private debt market, is adding a new US strategy to its existing range of successful alternative credit funds.
Business Finance Opportunities (BFO) is focusing on asset-based lending in short and medium-term commercial loans, specifically in the United States. The loan portfolio will be managed by dedicated, specialist Finance Arranger – Capstone Capital Group, a US-based private lender focusing on invoice and factoring finance with a successful track record in the market stretching back over three decades.
Established in 1990, New York based Capstone
A new report from LGT Capital Partners (LGT CP) shows that alternative investors are increasingly focusing on ESG outcomes in order to address key issues including climate change and diversity & inclusion (D&I).
Read the full story at Private Equity Wire…
Following regulatory approval from the FCA, JTC has completed the acquisition of INDOS Financial, as announced in February 2021.
INDOS Financial builds on JTC’s well-established fund services capabilities and will allow the Group to offer enhanced governance and technical expertise to clients, utilising INDOS Financial’s position as an industry-leading specialist in the provision of independent fund oversight services, including Depositary, Environmental, Social and Governance (ESG), Anti-Money Laundering (AML) and Cayman Islands Private Funds.
The acquisition forms part of JTC’s ongoing strategy of blending organic growth of the core business with disciplined inorganic growth that is governed by clear acquisition
By Neil Coxhead (pictured), Waystone – On 7 May 2021, the Financial Conduct Authority (FCA), unveiled plans to create a new regime with the specific aim of channelling investment into more illiquid assets, giving asset managers a hint of how UK fund regulation will develop after Brexit.
Volatility hedge fund Dominicé eyes inflation risk opportunities
Volatility hedge fund Dominicé eyes inflation risk opportunities