Funds
PEGAS, the pan-European gas trading platform operated by Powernext, achieved its highest monthly volume of 2018 in October with 191.5 TWh traded during the month.
A strong spot segment supported this increase, as well as a flurry of activities on TRS Spot ahead of the French zone merger leading to a final record with 8.2 TWh (previous record: 5.7 TWh in March 2018). The Options segment also registered a volume best since its launch with 2.4 TWh.
Spot trading volumes in October reached 106.3 TWh, up 41 per cent over the previous year (75.7 TWh). The Dutch TTF market
Trium Capital, the London-based independent specialist alternative asset manager, is partnering with Ellington Global Asset Management to launch The Ellington Trium Alternative Credit UCITS, a long/short credit UCITS fund.
The fund is set to be launched this quarter and will be seeded by the partners of Ellington.
The new Ellington Trium Alternative Credit UCITS Fund strategy will leverage Ellington’s expertise in RMBS, CMBS, CLOs and corporate credit relative value strategies. Ellington’s deep trading experience and proprietary models allow the group to seek to capture value in assets overlooked by other managers.
Founded in 1994, Ellington has experience managing
The State Street Global Investor Confidence Index decreased to 84.4 in October, down 3.4 points from September’s revised reading of 87.8.
Confidence among European investors waned, with the European ICI decreasing from 100.2 to 90.9. The North American ICI declined by 2.6 points to 81.8. Meanwhile, the Asia ICI dropped 0.3 points to 99.6.
The Investor Confidence Index was developed by Kenneth Froot (pictured), and Paul O’Connell at State Street Associates, State Street Global Exchange’s research and advisory services business. It measures investor confidence or risk appetite quantitatively by analysing the actual buying and selling patterns of institutional investors.
The European Energy Exchange (EEX) will conduct a secondary market auction for European emission allowances (EUAs) on behalf of the Ministry of Environmental Protection and Regional Development of Latvia.
The auction is scheduled for 16 November 2018 with the bidding window being open from 09:00 to 11:00 (CET). The auction volume amounts to 3,126,500 EUAs. This is the first auction on behalf of a public auctioneer on the EEX secondary market which means that the certificates have already been allocated to the market, but have not been used for compliance before.
Peter Reitz (pictured), CEO of EEX, comments: “We
Viewing investment opportunities through a credit lens while adopting both a special situations approach, often involving equities, and a macro approach approach, using a variety of macro instruments, Westfield Investment employs a highly-differentiated strategy to capture idiosyncratic alpha. Founder, Ren Gao explains all…
Former Goldman MD Gao (pictured) founded the credit hedge fund in 2015 and has enjoyed strong performance since then – 50 per cent in 2016; 10.8 per cent in 2017 and 20.37 per cent in 2018 so far.
He has recently hired ex-Saba COO Ken Weiller, and has built a new infrastructure, with the aim of increasing
The European Energy Exchange (EEX) increased volumes on its power derivatives markets by 30 per cent in October to 339.3 TWh (October 2017: 261,3 TWh). In particular a four-fold increase in Phelix-DE Futures to 204.4 TWh as well as power futures for Italy (60.9 TWh, +42 per cent) and Spain (9.1 TWh, +32 per cent) contributed to this development.
EEX recorded a positive trend also in the smaller markets: In power futures for Great Britain, at 125,070 MWh, EEX recorded the highest trading volume since the launch of these products. In the Dutch markets, volumes increased by 18 per cent
Neuberger Berman has broadened its alternative investment platform with the acquisition of specialist asset manager Cartesian Re, which, with its affiliate Iris Re, manages more than USD1 billion in assets under management (AUM) focussing on the insurance-linked strategies (ILS) asset class.
Cartesian Re was developed as a portfolio company of Cartesian Capital Group, which will work with Neuberger Berman to deliver ILS capabilities to clients globally. The addition of Cartesian Re illustrates Neuberger Berman’s continued focus on diversifying its alternative capabilities, particularly with strategies offering returns uncorrelated with financial markets. Cartesian Re will be renamed NB Insurance-Linked Strategies and its
New York-based investment firm Wilshire Phoenix has partnered with crypto storage solution Coinbase Custody to launch a new institutional fund by the end of 2018.
The fund, which will be organised as a statutory trust and which capped at USD500 million, will provide exposure to bitcoin, but, unlike other products that simply hold bitcoin (or oven multiple cryptocurrencies, often referred to as an index), it will seek to mitigate some of the risks typically involved from the sudden and substantial price movements of bitcoin.
In addition, investors together with financial institutions may find it difficult to purchase and hold
EEX Group is restructuring its business in Asia through a reorganisation of the services offered by its wholly owned subsidiary CLTX. The business will now operate under two separate brands: EEX Asia and Cleartech.
EEX says the strategic repositioning will allow the business to better serve the needs of its clients by using both sets of services through greater focus and specialisation on each business area.
Peter Reitz (pictured), EEX CEO, says: “EEX Group’s established presence in Europe, Asia and North America, ensures that it is ideally placed to promote and grow liquidity in the commodities sector worldwide
Apis Capital Management has listed its tokenised investment options, the Apis Token on the Nasdaq Fund Network, a platform for mutual funds and hedge funds, under symbol ZAPISX making it available on networks ranging from Bloomberg’s Terminal to Yahoo Finance.
Apis Token is also registered with the Cayman Stock Exchange.
Apis Capital Management focuses on volatility trading, with a concentration on VIX (Volatility Index) futures, S&P 500 Index options, and volatility based ETNs. The management team at Apis is comprised of industry veterans who have applied their extensive market experience and data analytics to create innovative strategies. Using
