Funds
The strong market moves sparked off by the recent coronavirus vaccine breakthrough brought gains and losses across the hedge fund spectrum over the past week, as investors fled momentum-based stocks and piled into value-based companies.
Three former Highland Capital Management partners have launched Sycamore Tree Capital Partners, a new alpha-focused private and alternative credit investment manager which aims to tap into value-oriented opportunities arising from credit market upheaval.
The Dallas-headquartered firm is co-founded by alt-credit veterans Mark Okada, who will serve as CEO; Jack Yang, the firm’s president and head of business development; and chief investment officer Trey Parker.
Sycamore Tree, which also has an office in New York, will initially focus on traded credit, structured products and special situations, drawing on the trio’s “deep experience across multiple cycles”.
The trio said credit has become
HS Markit has launched a Sovereign ESG Dataset incorporating 41 discrete indicators across 211 countries and territories. The dataset outputs are numerical for efficient portfolio integration and include forward guidance on a one-year horizon for key Sovereign ESG indicators.Read the full story at Institutional Asset Manager…
The European Energy Exchange (EEX) will expand its product range on the derivatives market with new Futures Style Margin Options for EEX power, gas and emissions futures.EEX has been successfully offering Equity Style Margin Options for several of its products for many years and will now add Futures Style Margin Options to its product portfolio. On 7 December 2020, EEX will introduce the new options on the emissions market and support the offering with a fee holiday. The options on power and natural gas futures will be available as of 15 February 2021. All Future Style Margin Options will be
Launched earlier this year, New York-based Ironhold Capital’s equity-focused hedge fund is seeking to capitalise on opportunities in value-oriented stocks across the US and India.
New analysis from ETF provider GraniteShares, which offers a range of 3x short and 3x leveraged ETPs on popular UK and US stocks, reveals that as of 13 November 2020, Cineworld Group, the world’s second-largest cinema chain, was the most shorted UK listed company. Some 9.51 per cent of its stock was held short by 10 investment firms, with Adelphi Capital having the largest short position with 2.07 per cent of the company’s shares.
The next most shorted UK listed companies were Premier Oil PLC, Tullow Oil PLC, and Petrofac LTD, where the respective short positions were 9.14 per cent,
BondIT, an independent portfolio construction technology provider for fixed income, and Scorable, a provider of AI-driven credit analysis, are to merge and combine their technologies in a bid to transform fixed-income investing.
21Shares, the Swiss crypto ETP issuer accredited with listing the first crypto basket HODL, has now achieved USD150 million in assets under management (AUM), outperforming the vast majority of managed crypto funds.
Fireblocks has raised USD30 million in Series B funding, bringing its cumulative fundraising to USD46 million. This round was led by Paradigm with participation from existing investors, Cyberstarts, Tenaya Capital, Swisscom, Galaxy Digital, Digital Currency Group (DCG), and Cedar Hill Capital. Read the full story at Institutional Asset Manager…
Cloud-based technology company Eleven has announced the beta release of new technology that transforms how investments in private equity funds and hedge funds are made.Read the full story at Private Equity Wire…
