Funds
Alternative credit specialist CIFC has launched a long/short high yield UCITS fund managed by industry veteran Jason Horowitz, who has been running similar strategies successfully for over 10 years.
Horowitz joined the New York-based manager in January as Head of US High Yield Bond Investments. He has been managing the strategy for CIFC since 1 February, 2020, delivering a 12.69 per cent net gain to the end of July, compared with a 0.18% loss for the wider US high yield market. The strategy made positive returns during March at the height of market anxiety around Covid-19.
The
Hedge funds have stormed into the second half of the year, recording their second highest monthly return in almost 18 months, and their third biggest monthly return in a decade, with equities and macro-focused managers leading the way.
New data for July published by Hedge Fund Research shows widespread gains across an assortment of strategies.
HFRI president Kenneth Heinz pointed to surging gains in July across technology, activist, CTAs and volatility strategies, along with cryptocurrency funds. He said institutional investors are now looking to increase exposure to hedge funds in light of strong performance throughout this year’s volatility.
Overall, the
RJO MENA, an affiliate of RJ O’Brien & Associates, has acquired Lombard Forte Securities Limited (LFS), a Dubai-based provider of a diverse range of execution and brokerage services to a wide range of customers including hedge funds, asset managers and the largest investment banks both regionally and globally.Read the full story at Institutional Asset Manager…
Despite recently hitting an all-time high, the price of gold is widely expected to increase further in the second half of the year, according to Kryptoszene.Read the full story at Institutional Asset Manager…
A lax regulatory environment, the pervasive influence of passive funds (driven by index funds and ETFs), and a continued commitment among central banks to maintain low interest rates are creating a golden age for short sellers.
Rhenman & Partners Asset Management, a Stockholm-based hedge fund firm which invests in global healthcare stocks, is optimistic about a post-US election market bounce, and points to “intense activity” among vaccine developers working on a treatment for Covid-19.
The firm’s Rhenman Healthcare Equity Long/Short Fund – which trades a range of small, medium and large pharmaceuticals, biotechnology, medical technology and service company stocks – was down in July.
But Henrik Rhenman, founding partner and chief investment officer, believes the traditional uncertainty that typically looms over the healthcare sector ahead of every US presidential election will give way to a strong
Trend following hedge fund managers gained ground in July following a patchy first half of 2020, notching up their best monthly performance so far this year by capitalising on soaring gold prices and emerging trends against the US dollar.
REDD Intelligence, an online provider of material intelligence on emerging market event driven special situations, has closed a USD5.8 million equity financing round.This is REDD’s first institutional financing and was led by Nassau Point Investors. Other investors include Neil Osborn, Chairman of REDD Intelligence and Thomas Barry, President and CEO of Zephyr Management. Terms of the transaction have not been disclosed.
Proceeds from the capital raise will be used to finance the launch of REDD’s Central & Eastern Europe, Middle East, and Africa (CEEMEA) emerging market fixed-income coverage expected later this summer. CEEMA coverage will be managed from REDD’s
Digital asset trading, research and data company Brave New Coin is extending its partnership with BTSE, a multi-currency spot and futures trading platform, to deliver five additional indices by the end of the year.
The Power Spot Intraday market, operated by EPEX Spot, increased by 17 per cent to 8.9 TWh in July, with Swiss Intraday trading generating a significant growth rate of 101 per cent and reached 110.3 GWh. The Belgian and French Intraday markets grew by 22 per cent and 39 per cent year on year respectively.
The Hungarian Power Futures market, meanwhile, achieved an increase of 49 per cent with a total trading volume of 15.2 TWh (previous year: 10.2 TWh). The Dutch Power Futures market achieved its second highest volume ever with a total trading volume of 5.2 TWh which represents
