Funds
Drury Capital, the long-running US trend-following hedge fund firm led by former grain trader Bernard Drury, has soared into double-digit territory this year, with both its established flagship fund and recently-launched multi-strategy futures fund making gains across commodities and equities markets.
The Diversified Trend Following Program advanced 13 per cent in the first two months of 2021, and gained almost 38 per cent in the 12-month period to the end of February. The flagship systematic managers futures fund, which launched in May 1997, has an annualised return since inception of 9.5 per cent, compared to the S&P 500’s 6.4 per
The Exchange Council of the European Energy Exchange (EEX) at its first meeting of 2021, which was chaired by Dr Michael Redanz, Managing Director of EWE Trading, has welcomed the intention of EEX to introduce exchange-based procurement auctions to provide German public authorities with a simple and transparent tool to purchase electricity and natural gas on-exchange instead of going through a full public tender process.
German public authorities, such as municipalities or municipal companies, are obliged to tender their procurement of electricity and gas if the contract value exceeds certain thresholds. While such tender processes are complex and bear the
BrokerTec, a provider of electronic trading platforms and technology services in fixed income markets, has launched Relative Value (RV) Curve spread trading, allowing clients to trade cash US Treasury benchmark spreads in a single order for the first time.
As a result, market participants are able to trade spreads across the yield curve more efficiently and without legging risk.
“Following the successful migration of BrokerTec onto the CME Globex platform, we are pleased to launch the RV Curve product that creates a new, single order type to merge implied spreads from outright order books with true spread orders for
Danish-owned cryptocurrency hedge fund ARK36 has participated in a private sale of GTU tokens issued by Concordium, a new blockchain project built for business and focused on regulatory compliance and privacy.
Concordium, which is run by a team of Danish innovators and led by CEO Lone Fonss Schroder, has recently completed the second private sale round where they raised USD15 million and thus secured additional funding for further development. ARK36 saw the sale as an opportunity to further broaden its portfolio, recognising Concordium’s groundbreaking potential and a promising, asymmetric risk-to-reward ratio it may carry as an investment.
Concordium is a
Broadridge Financial Solutions, Inc, has partnered with AccessFintech to deliver a new Strategic Gateway for Settlement Workflow that offers efficiencies in resolving multi-party settlement fails.
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Global equities hedge fund Russell Clark Investment Management is taking a bearish stance on “expensive” gold, and urges caution on the price of the safe-haven commodity.
In a recent market commentary, Russell Clark examined the long-term value of the precious metal, and its relationship with the price of food.
Traditionally, investors have flocked to the commodity as a defensive asset during times of turmoil, with gold holding its value over the long term, and being recognised as both a store of money and medium for transactions.
But despite soaring in the early days of the Covid market crash last spring,
Acuity Analytics, parent company of financial technology firm Acuity Trading, has completed its first acquisition with the purchase of research firm Signal Centre, formerly PIA First.
The sale, for an undisclosed sum, will see the fusion of analytical prowess and cutting edge technology that will be used to further cement Acuity Analytics’ position as a leading data and analytics provider in the financial markets.
The addition of Signal Centre will facilitate a deep product integration alongside the creation of new data sets and will help to foster exciting new product ideas that will continue to transform the trading experience, from
Sun Hung Kai & Co has committed capital to the ActusRayPartners European Alpha Fund which launched on 18 March 2021.
The fundraising target over the first few months is USD100 million, while the fund will focus on listed equities in the European time-zone markets. It covers all sectors and companies of all market capitalisations across the region.
Based on over 35 years of investment experience, ActusRayPartners employs a differentiated investment process called Discretionary Probabilistic Investing. The process has a quantitative base but with a discretionary edge to handle situations that may be problematic for a pure systematic process. Their work is
Toscafund, the multi asset fund management group, has become the leading shareholder in VoxSmart, the communications surveillance software provider, by investing USD25 million of growth capital to enable the business to continue its rapid growth trajectory.
This is the seventh investment that Toscafund has made in high-growth European financial services businesses since 2018 and brings the total the firm has invested in the sector to more than USD700 million. Recent investments include Plurimi Wealth and Socium in the UK, LIQID and Elinvar in Germany, Caravela in Portugal, and Lemonway in France. Toscafund is a specialist investor in this space, where
Aberdeen Standard is bullish on merger arbitrage and long/short equity hedge funds
Aberdeen Standard is bullish on merger arbitrage and long/short equity hedge funds