Funds
Phase 2 Partners (Phase 2), a new financials-focused long/short equity manager investing predominately in the US and Europe, has launched with nearly USD150 million in commitments from multiple investors, including a strategic partnership with leading institutional investors the Employees Retirement System of Texas (ERS) and PAAMCO Launchpad, a subsidiary of PAAMCO Prisma.
Phase 2, founded by industry veteran Justin Hughes, will target directional investments (long and short) in traditional financial sub-sectors as well as areas in FinTech. This will include traditional asset managers, global exchanges, retail brokers, alternative asset managers, payments, bank technology, financial information, and transaction hardware/software, among others.
Founded by a team of Italian former investment bankers, London-based activist hedge fund Bluebell Capital Partners has gained impressive momentum over the past year with its focus on listed, predominantly European large-cap companies.
Brummer Multi-Strategy CEO Mikael Spångberg says the firm is in a “good position” to deliver continued positive performance, after the flagship strategy posted its second-best annual performance to date – but he underlined the importance of generating alpha in the face of unpredictable markets.
Total global hedge fund assets under management have mushroomed to a record USD3.6 trillion, thanks to defensive outperformance and opportunistic gains during 2020’s upheaval – though the biggest firms continue to take the lion’s share of investor capital as smaller names are squeezed.
Investors added around USD16 billion to hedge fund strategies during the second half of last year, after net asset inflows reached USD3 billion in the fourth quarter, new data published by Hedge Fund Research shows.
In a webinar this week, HFR president Kenneth Heinz hailed 2020 as “one of the most impressive years in the history of the industry,
Accelerate Financial Technologies (Accelerate) has launched Canada’s first alternative investment portfolio ETF, the Accelerate OneChoice Alternative Portfolio ETF (OneChoice), that will list on the Toronto Stock Exchange under the ticker ONEC on 27 January, 2021.
Read the full story at ETF Express…
2020 saw hedge funds successfully weather the political, social and economic turmoil brought about by the coronavirus pandemic to generate their biggest rise since 2009, at the height of the Global Financial Crisis.
The fallout from the coronavirus pandemic is set to unlock global “megatrends” this year, including consumer and corporate technology, healthcare, and sustainability themes – and hedge fund investors can expect a “rich environment for growth”, a major new study by JP Morgan Asset Management suggests.
The firm’s 2021 Global Alternative Outlook also predicts a rebound in equity market fundamentals as economies recover from the Covid crisis, as well as continued momentum in special purpose acquisition vehicles (SPACs), which have seen a surge in activity among several high-profile, brand name hedge funds over the past year.
Hedge fund managers can expect
New data released by Trading Platforms indicates that it costs USDF25.2 million per day in electricity to process bitcoin transactions. The consumption cost is based on bitcoin’s 30-day average transaction of 328,418 as of 17 January, 2021, and the energy footprint per 1 BTC transaction confirmation of 612 kWh equivalent to USD76.74.
Read the full story at Institutional Asset Manager…
The London Metal Exchange (LME) has issued a discussion paper on market structure, putting forward a set of proposals designed to enable the Exchange to modernise and adapt to emerging trends and evolving customer needs.
The proposals aim to achieve increased transparency and a structurally fairer and more efficient marketplace. They also take account of the rapidly increasing digitisation across commodity trading and the physical metals industry more broadly.
Matthew Chamberlain, LME Chief Executive, says: “As we set out in the 2017 Strategic Pathway, it is vital that the LME continues to adapt to serve its diverse trading community as
EEX Group continued to strengthen its position in the global commodity exchange space in 2020 by posting significant volume increases across the majority of its energy and commodity portfolio.
The major growth drivers were the European power markets, the environmental markets in Europe and North America and the global dry freight markets. Throughout the year, EEX Group continued to build and develop markets together with its customers and further extended its reach into Asia with the successful entry into the Japanese Power market.
Peter Reitz, CEO of EEX, says: “In 2020, we realised many major ambitions. We reconfirmed our position
