Funds
Hedge funds are growing in confidence following a positive start to the year, according to the Alternative Investment Management Association’s latest quarterly Hedge Fund Confidence Index.
Tyr Capital Partners, the team behind crypto arbitrage hedge fund, Tyr Capital Arbitrage SP, is setting up an actively managed long-only fund to launch next year, following increasing demand from investors.
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Market neutral long/short hedge funds have been boosted by the recent bounce in Momentum stocks – but Lyxor Asset Management strategists believe the strategy is vulnerable to sudden factor rotations over the longer-term.
The performance of Momentum stocks has stabilised in recent weeks, following the sharp correction in November, in turn aiding certain hedge fund strategies – such as market neutral long/short – which have a Momentum bias. As Value names have maintained their recovery, and are starting to be shown in the Momentum risk factor, Lyxor said near-term prospects for market neutral long/short hedge funds have “marginally improved”.
“The
Healthcare-focused equity hedge fund Rhenman & Partners generated further gains last month as falling US unemployment helped push medical insurance stocks higher.
Its flagship healthcare-focused hedge fund finished the first quarter up 5.56 per cent, as a rotation into cyclical equities which stand to gain from the economic recovery underpinned March’s positive returns.
The Rhenman Healthcare Equity Long/Short strategy advanced 3.6 per cent in its main euro-denominated IC1 share class last month. The SEK-denominated RC1 class rose 4.03 per cent and has now made more than 7 per cent since the start of 2021. Over the fund’s 12-year run, it
EEX has reported a record month for the European power spot markets in March with a trading volume of 55.9 TWh (previous record: 55.8 TWh in December 2020). This new high was mostly driven by the increase in the Intraday Market (+14 per cent to 10.4 TWh).
The total trading volume on the European power derivatives market amounted to 380 TWh which is a decline of 29 per cent. The y-o-y decline is mainly due to the strong volumes seen in March 2020 resulting from high levels of volatility as a result of the first Corona lockdown.
The Nordic Power
Boardroom Alpha, a ratings and analytics platform providing quantitative measurements of public company directors, CEOs and CFOs, has launched an intelligence tool for evaluating the performance of Special Purpose Acquisition Companies (SPACs).
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Hedge funds have made their strongest first-quarter start in more than 20 years, gaining more than 6 per cent in the three-month period to the end of March, with returns powered by a mix of successful calls on deep value equities amid accelerated volatility, renewed economic optimism, and soaring cryptocurrencies.
Hedge Fund Research’s main Fund Weighed Composite Index, a global, equal-weighted benchmark of some 1400 single-manager hedge funds, advanced 6.08 per cent in Q1, following a 1.02 per cent gain in March. The March gain proved to be its sixth consecutive monthly rise, with Q1 its best opening quarter since
Hedge funds can capitalise on a “substantial” sector and asset class rotation during the second quarter, as an uneven economic recovery, bumpy vaccine rollouts and an inflationary environment drive dispersion across industries, K2 Advisors said this week.
CME Group, the world’s specialist and most diverse derivatives marketplace, will launch Lithium Hydroxide CIF CJK (Fastmarkets) futures on 3 May, pending all relevant regulatory reviews.
Managed futures hedge funds have finished the first quarter of the year in positive territory, seizing on upwards trends in equities indices and the US dollar while weathering the recent bond market and commodities upheaval.
