Funds
CTA strategies posted positive returns during March as markets were roiled during the sustained economic turbulence, new data from Société Générale shows.
Each of SocGen’s CTA indices notched up gains last month, pushing their year-to-date performance into positive territory, while, in contrast, many equities markets suffered their worst quarter in recent history as fears of the Covid-19 outbreak gripped markets from February onwards.
The SocGen CTA Index – which tracks the daily performance of a select pool of the largest trend-following managers – closed the month in positive territory, at 0.09 per cent. Meanwhile, the SG Trend Index added 1.82 per
The European Energy Exchange (EEX) achieved another milestone in its Freight business by gaining the majority share of the open interest (OI) in the total Freight market (Futures and Options combined), thereby overtaking the market leader for the first time and setting a new record for the business. In total, EEX now holds a 52 per cent share of Open Interest, (a key indicator of liquidity), of the combined Freight market. In Futures, EEX has increased its share significantly to hold a 56 per cent share of the Open Interest. While in Options, EEX continues to make consistent gains, resulting in
Credit-focused strategies are emerging as a key area of focus for investors, as managers rush to seize on the “incredible” opportunities being thrown up by the recent widespread market turmoil.
Sussex Partners, the independent global hedge fund investment advisor, says hedge funds focused on this market are zeroing in on a raft of trades spanning corporate credit, structured credit and risk arbitrage, while Man GLG, the discretionary hedge fund unit of Man Group, is now “materially bullish” on long-term trades in high yield assets.
“Every time you have a dislocation like this it creates opportunities,” says Patrick Ghali, managing partner
Ironshield Capital Management, the London-based long/short event driven hedge fund that trades stressed and distressed European corporate credit, has launched its Ironshield Credit Fund on the MontLake UCITS Platform, with the aim of capitalising on recent credit market dislocations.
The strategy, managed by Ironshield CIO and managing partner David Nazar, targets high absolute returns by trading event driven, stressed and distressed European high yield credits across the capital structure and ratings spectrum.
Nazar – who managed proprietary credit portfolios for Deutsche Bank and Bank of America before founding Ironshield in 2007 – said the fund’s UCITS format launches as the
Pico, a provider of technology services for the financial markets community, has launched a new managed co-location facility for Japan Exchange Group (JPX).
The current environment is playing to the strengths of special situation hedge fund strategies, which seek to generate alpha from announced deals, and as merger spreads widen out, new opportunities are arising.
This is according to Wayne Yu (pictured), the CIO and CEO of BCK Capital Management, which he founded in 2015. Based in Stamford, Connecticut, BCK Capital runs a global market neutral special situations strategy that aims to deliver pure alpha to investors, using a robust risk programme to actively hedge against any exposure to market beta.
Yu says that recent market dislocations have led to a big overall
By Don Steinbrugge, Agecroft Partners – Commodity Trading Advisors (CTAs) are one of only a few hedge fund strategies that performed well throughout the market selloffs of 2000-2002, 2008 and 1st Q of 2020. Yet, investor’s perception of the strategy is more divergent than any other major hedge fund strategy.
The global hedge fund industry’s shift towards greater customisation and bespoke products is rapidly gathering momentum, as allocators pile into managed accounts and sector- or country-specific strategies, with ESG concerns also increasingly to the fore, according to a new industry study published by Deutsche Bank.
Deutsche’s 18th annual Alternative Investment Survey – which takes the temperature of hedge fund investor sentiment and gauges future asset allocation plans – suggests investors are keen to grow their investments following strong performance in 2019.
But the bank also concedes that since the research was conducted last month, the recent economic turmoil over the
Tether Gold (XAU₮), a digital asset providing ownership of physical gold (XAU) custodied in Switzerland, is being used as a means of obtaining around-the-clock exposure to the precious metal in an emerging alternative market.XAU₮ is available for purchase or sale 24 hours a day, seven days a week on the Bitfinex platform, via pairs Tether Gold/US Dollar (XAUt/USD) and Tether Gold/Tether (XAUt/USDt).
XAU₮’s, which currently has a market capitalisation of approximately USD50 million, is the world’s biggest gold-backed stablecoin, far surpassing that of its nearest rivals. As demand for gold soars after the recent announcement of unlimited stimulus by
Hedge fund managers were down 1.70 per cent in February as the development of the COVID-19 outbreak outside of Mainland China weighed on risk assets throughout the month, according to Eurekahedge.
