Funds
The Power Spot Intraday market as operated by EPEX SPOT, increased by 25 per cent to 9.2 TWh in August, with the Belgian market reporting a new record of 263.6 GWh (previous record in May 2020 with 256.6 GWh) and the Netherlands registering their second highest volume to date with 377.3 GWh.On the European Power Derivatives segment, the Dutch market reported a significant increase of 73 per cent to 3.7 TWh (August 2019: 2.1 TWh) while Hungary continued to cement its position as one of the key trading hubs of central Europe with 13.8 TWh traded, up 43 per cent
Up +39.53 per cent year to date and by +1.83 per cent for the month.Quantumrock, the Munich-based AI investment technology firm, has reported another month of strong performance for its flagship strategy Volatility Special Opportunities Program (VSOP), which gained 1.83 per cent In August and is now up 39.53 per cent YTD.
Michael Zeller, CIO, says: “August marked the end of the second-quarter of US stock market earnings season, which surprised on the upside relative to weak expectations .Even though earnings per share were down 33 per cent year-on-year, 84 per cent of companies beat analyst expectations and a
Brummer & Partners, the Stockholm-based multi-strategy hedge fund firm, has seen its flagship vehicle advance further on the back of strong stock market gains in August, with equity, credit and fixed income funds all in positive territory.
The Brummer Multi-Strategy (BMS) fund – which invests in a range of single-strategy hedge funds – made 0.4 per cent last month in its USD and SEK classes, bringing its year-to-date return to 4.2 per cent.
The Brummer Multi-Strategy 2xL twice-levered version meanwhile rose 0.7 per cent in its SEK class and 0.8 per cent in its USD class in August, and is now
Hedge funds have lost almost USD560 million after several hefty short bets on a range of FTSE 100 stocks turned sour as equity markets yielded solid gains.
New data from London-based equity research firm Ortex Analytics shows almost three-quarters of total short losses in August came from big wagers against just five names: Ocado Group, InterContinental Hotels, International Consolidated Airlines Group, BHP and Pearson.
Together, they accounted for a bruising GBP310 million loss out of a total hit of GBP420 million to hedge fund short sellers last month.
As UK equities gained ground towards the end of the summer, hedge
New academic research by Plato Investment Management’s Head of Long Short Strategies, Dr David Allen, has highlighted the need for investors to move beyond the traditional “bell-shaped” normal distribution assumption that underpins much of industry practice.Dr Allen’s research paper, titled A comparison of non-Guassian VaR estimation and portfolio construction techniques, has recently been published in the Journal of Empirical Finance.
“It is widely accepted by academics that asset returns do not follow the well behaved bell-shaped normal distribution of economic textbooks, and that extreme returns occur much more frequently than one would expect,” says Allen. “For example, if stock returns
Frankfurt-based asset manager First Private Investment Management has established a new multi-boutique network, FP Investment Partners which offers access to quant investing, infrastructure and alternatives/hedge fund investments.Read the full story at Institutional Asset Manager…
Systematic asset manager RAM Active Investments has chosen EFA to support the launch and administration of the new RAM Stable Climate Global Equities Fund.The AI-driven sustainable fund’s objective is to tackle climate emergency and to provide RAM’s investors an active strategy resulting in a strong performance.
As a company, EFA has always been strongly committed to ESG issues. This ensures funds with a sustainable strategy that their administration value chain is also “green”.
“Several items contribute to RAM AI’s continuous partnership with EFA,” says says Thomas de Saint-Seine, CEO, Partner & Senior Fund Manager, RAM Active Investments. “The fact that
Hedge fund short sellers look set to gain from bets against London-headquartered Capita after the embattled global outsourcing and professional services provider’s stock price slipped again following recent poor first half results.
Capita suffered a GBP28.5 million (USD38 million) loss during the first six months of 2020, and warned of a two-year cash flow squeeze as a result of the coronavirus crisis in its H1 statement last month. The outsourcer’s shares fell some 8 per cent to 28.7p following the announcement before recovering slightly.
Hedge funds have been ramping up bets against the company lately, whose shares again fell under
Somerset Capital Management, a global emerging markets specialist investment manager, has launched a new strategy which aims to capitalise on the growth potential among small and medium-sized ESG-friendly companies in emerging market countries.
Managed futures hedge fund strategies may be well-placed to withstand a continuing rise in bond yields, despite CTA performance being squeezed by the recent surge, Lyxor Asset Management strategists say.
