Funds
Voya Prime Rate Trust has selected Saba Capital Management, LP (Saba) to serve as the new investment adviser to the Fund.
The Fund’s current investment adviser, Voya Investments (VIL), and the Fund’s current sub-adviser, Voya Investment Management Co (Voya IM), both previously announced their respective resignations, effective as of 22 June, 2021. VIL and Voya IM are committed to ensuring a smooth transition to Saba and serving the Fund, its Board and its shareholders during the Adviser Transition.
Saba is considered a pioneer in hedge fund credit investing and is known for its ability to navigate turbulent markets.
Saba manages
StoneX Financial, a subsidiary of StoneX Group, has been named as one of the top three Rubber and Electricity General Clearing Members (GCM) at the 2020 SGX Commodities Awards.
The SGX Commodities awards are designed to honour the GCMs, inter-dealer brokers, and traders who have attained the highest cleared and traded volume achievements in 2020.
StoneX became one of the select group of non-bank clearing and trading members of SGX after acquiring the Singapore based Futures and Options brokerage and clearing business of UOB Bullion and Futures Ltd in the fall of 2019. The Company has since been specifically
The soaring price of bitcoin is putting the world’s foremost cryptocurrency on a direct collision course with ESG-focused investments, as allocators increasingly want portfolios to be managed responsibly, says Robert Furdak, chief investment officer for ESG at Man Group.
The two major investment trends looming large over the hedge fund and asset management world – bitcoin’s stratospheric surge and investors’ rush towards responsible investing across all mandates – are now set for a “head-on clash”, Furdak said.
Hedge funds are continuing to profit from the ongoing surge in the cryptocurrency sector, as more managers pour money into digital assets’ record
Altana Wealth, the credit, currencies and special situations-focused hedge fund led by industry veteran and former Trafalgar Asset Managers co-founder Lee Robinson (pictured), is gearing up to launch a new strategy that will capitalise on the fast-growing SPAC sector.
The number of new hedge funds being launched has reached its highest level in three years, as managers look to capitalise on the nascent economic recovery, idiosyncratic and volatility-based opportunities, and a shifting macro environment.
New hedge fund launches increased to around 175 in the fourth quarter of 2020, with the number of new funds unveiled exceeding the estimated quarterly liquidations for the second successive quarter, new industry analysis by Hedge Fund Research shows.
The number of Q4 launches was up on the previous quarter’s total of 151, bringing the estimated number of new hedge funds launched in 2020 to
Umbria, a DeFi protocol that uses layer two technology developed by Polygon, has launched Umbria Farm.
Read the full story at Institutional Asset Manager…
European Energy Exchange AG (EEX) has been awarded the contract for the sale of fuel emission allowances in the national Emissions Trading Scheme (nETS) by the German Federal Environment Agency.
Fuel emissions trading has been in force in Germany since 1 January 2021. The instrument will set a CO2 price for the heat and transport sectors at a national level for the first time, as previously this has not been covered by the European Emissions Trading Scheme (EU ETS).
All CO2-emitting fuels placed on the market, in particular petrol, diesel, heating oil, liquefied petroleum gas, natural gas and
Cineworld, a long-standing target of hedge fund short sellers, saw its share price plummet on Thursday after the group slumped to an eye-watering USD3 billion pre-tax loss last year as a result of the coronavirus pandemic.
The beleaguered global movie theatre chain fell by 10 per cent after publishing its preliminary 2020 annual results, boosting those hedge funds taking a bearish stance against the FTSE 250-listed firm.
Polygon Global Partners, Adelphi Capital, AHL Partners, New Holland Capital, and Whitebox Advisors are all holding short positions in Cineworld, according to regulatory disclosures.
Earlier this year, high profile hedge funds Marshall Wace,
TORA, a provider of trading technology, has integrated its order & execution management system (OEMS) with BondCliQ’s US corporate bond consolidated quote and trade data.
The integration will greatly improve the contextual pricing data available to TORA customers evaluating corporate bond trading opportunities via the TORA OEMS.
Traders using the TORA OEMS can now access real time, centralised corporate bond quote data sourced from the 50,000-plus quotes which BondCliQ receives on a daily basis from 40-plus dealers. This quote data, in combination with real time pricing data, allows traders to better analyse the market and evaluate the quality of
The hedge fund industry experienced USD30.5 billion in inflows in January, a strong start to the year following a December that saw nearly balanced flow activity with USD42.6 million in redemptions, according to the Barclay Fund Flow Indicator from BarclayHedge.
January’s inflows represented 0.8 per cent of industry assets.
A USD9.5 billion trading profit in January brought total hedge fund industry assets to nearly USD3.91 trillion as the month ended.
Most hedge fund sectors brought in new assets in January. Fixed Income funds led the way bringing in USD10.1 billion while Sector Specific funds added USD9.5 billion. Multi-Strategy funds saw
