Funds
The hedge fund industry gathered further momentum during February, as managers generated positive performances across the strategy spectrum, with equities, macro, commodities, activist and cryptocurrency strategies generating particularly strong gains, new industry data shows.
Amid rapidly-evolving developments on vaccinations, energy policy, and inflation rises, Hedge Fund Research’s main Fund Weighted Composite index surged 4.05 per cent in February, and is now up 5.35 per cent since the start of 2021. Meanwhile, the investable HFRI 500 Fund Weighted Composite Index rose 2.22 per cent last month, and has generated 2.06 per cent during the first two months of the year, according
Last month the fear of inflation in the US economy reared its head. Yields on 1-year US Treasury securities bounced higher from a low of 5.6 basis points on 19 February to 8.9 basis points by close of play on 25 February. For 2-year Treasuries, they went from 10.9 basis points to 16.8 basis points.
Despite difficult market conditions, Quantumrock’s flagship strategy, Volatility Special Opportunities Program (VSOP), has closed February with +0.49 per cent.
At the end of February, the 10-year Treasury yield surged above 1.5 per cent, exceeding the estimated dividend yield on the S&P 500 Index, which stood at about 1.43 per cent. The S&P 500 Index lost 2.5 per cent on one of its worst days so far in 2021 and caused a jump of more than 13 per cent in the VIX Index. One of our tail hedge strategies, “Equity Protect VIX”, which monitors spikes in the VIX index, was able
Managed futures hedge funds and short-term trading strategies have rebounded strongly in recent weeks, with each of Société Générale’s three main CTA and trend-following indices finishing February in positive territory.
Tuesday, 9 February marked the successful launch of the EPEX SPOT Polish Day-Ahead auction which extends the Group’s power spot offering in Central Europe. The market started off well with 33.6 GWh traded until the end of the month.
In the European Power Derivatives markets, French Futures grew by 16 per cent to 36.2 TWh, while the Austrian, Swiss and Dutch Power Futures all recorded double-digit growth rates. Nordic Power Futures more than quadrupled and reached a new monthly record at 2,192 GWh (previous record: 1,312 GWh in November 2020). Polish Power Futures also achieved their highest volume so far
The biggest hedge fund firms topped performance charts and drew the most investor capital over the course of last year, with 2020 proving “the year of outsourcing” for a range of middle office functions, as the industry demonstrated its value to investor portfolios, according to new analysis by Citco.
Citco Fund Services’ ‘2020 Hedge Fund Report: A Year In Review’ said the past 12 months had been a “huge year” for the industry, as managers went from “strength to relative strength”, withstanding surging trading volumes and spikes in volatility.
Citco, which provides asset servicing solutions to the global hedge fund
TRG Screen, a provider of enterprise subscription spend management solutions, has acquired the Market Data Reporting (MDR) business from Jordan & Jordan (J&J).
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Integral, a technology company in the foreign exchange market, has reported average daily volumes (ADV) across Integral platforms totalled USD50.4 billion in February 2021.
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Style Analytics, a London and Boston based factor analysis firm that is now a part of Investment Metrics, has partnered with Australian-based asset consultant and research advisory firm, Foresight Analytics, to deliver decision insights, advice and direction to its myriad of clients on complex problems, opaque products and interconnected economies and markets.
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Christopher Cruden, manager of the currency and gold-focused CTA strategy Insch Kintore, hopes to capitalise on “ideal” elevated volatility levels in the commodity this year, following a positive start to 2021.
