Funds
A number of well-known hedge fund short sellers continue to target London-listed oil and gas company Tullow Oil, as the beleaguered exploration firm looks to overhaul its business model and improve its balance sheet position.
Overbond’s fixed income artificial intelligence (AI) now offers protocol and system agnostic integration with venues and e-trading systems used by sell-side and buy-side trading desks thanks to a strategic alliance with electronic trading innovator, Rapid Addition.
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ARK36, one of Europe’s fastest-growing cryptocurrency-focused investment funds, has partnered with CVX Ventures, a Danish venture investor, as part of the fund’s ongoing effort to strengthen its presence in the European market and to provide more value at scale to its investors.
CVX Ventures’ mission is to create value for the most promising new companies by facilitating the exchange of skills and knowledge and driving their growth through capital investment. Their current network of partners includes more than 380 private investors, advisers, and board members, as well as investment funds.
CVX is always scouting for new, high-performing companies they can
The SS&C GlobeOp hedge fund Forward Redemption Indicator for February 2021 measured 2.37 per cent, up from 1.78 per cent in January.
“SS&C GlobeOp’s Forward Redemption Indicator of 2.37 per cent for February 2021 reflects a 16 per cent reduction in redemption notices compared to 2.83 per cent reported a year ago,” says Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies. “The 2.37 per cent reading for February 2021 also marks the eighth consecutive month of lower year-over-year redemptions, as well as the lowest redemption level for any month of February since the Forward Redemption Indicator’s inception in 2006.
“Hedge fund asset retention
The stock market gamification seen in the Robinhood-GameStop trading saga is unlikely to end soon or draw major near-term regulatory actions, according to a major new report published by Bloomberg Intelligence (BI), North American Gamification of the Stock Market Report.
Retail investors are a major force, accounting for 23 per cent of US equity trading volume, and could provoke further “meme” stock gyrations, says the BI report. Greater Robinhood scrutiny and higher Depository Trust and Clearing Corporation (DTCC) margin requirements could curtail some gamification practices and force traders to shift venues, but may not alter their appetite for heavily shorted
In recent months, Market Neutral L/S strategies underperformed other hedge fund strategies, in a context where risk assets rallied following the Pfizer vaccine announcement in November 2020.
Lyxor’s stance on the strategy remains Underweight on the back of its exposure to the Momentum risk factor, which appears poorly suited for the current environment.
Market Neutral L/S experienced diverging fates in the past three months, but on average their performance has been disappointing, as it was already last year
Lyxor’s views on the strategy remain quite defensive for two main reasons. Market Neutral L/S is a defensive strategy by nature, which
Designed as a balanced portfolio of ‘best-in-class’ hedge fund managers, Prime Capital AG’s flagship fund of hedge funds strategy – the PCAM Blue Chip Fund – has built a formidable track record since launching in October 2007.
The Wilshire Liquid Alternative Index, which provides a representative baseline for how the broad liquid alternative investment category performs, returned 0.01 per cent in January, outperforming the -0.16 per cent monthly return of the HFRX Global Hedge Fund Index.
The Wilshire Liquid Alternative Index family aims to deliver precise market measures for the performance of diversified liquid alternative investment strategies implemented through mutual fund structures, backed by a proprietary classification methodology.
“The ‘Reddit Rebellion’ dominated headlines in January as investors’ support of heavily shorted stocks led to an outsized short squeeze and subsequent technical deleveraging in US equity markets, bringing
CTAs were unable to extend their two-month winning streak into the New Year as January performance dipped 0.02 per cent for the month according to the Barclay CTA Index compiled by BarclayHedge, a division of Backstop Solutions.
“Although equity prices and commodity markets such as energy, crops and base metals continued higher in January, the profits were insufficient to overcome losses generated by long positions in US Treasuries as interest rates rose,” says Sol Waksman, president of BarclayHedge.
Most sectors tracked in the Barclay CTA Indices were in the black for January. The Cryptocurrency Traders Index led the way returning
Man GLG’s Flamand urges market neutral tilt as inflation risk looms amid equities “euphoria”
Man GLG’s Flamand urges market neutral tilt as inflation risk looms amid equities “euphoria”