Funds
Vattenfall Energy Trading Netherlands NV has become a Liquidity Provider on the European Energy Exchange (EEX) Derivatives Market for Emission Allowances.
The Dutch trading entity of Vattenfall is admitted for trading on the spot and futures markets for emission allowances and will support liquidity in the EUA Futures market.
"We are very pleased to welcome Vattenfall NV as the new Liquidity Provider,” says Steffen Köhler (pictured), Chief Operating Officer of EEX. "This strengthens the price quality in our order book and makes our market place more attractive for other market participants."
Andreas Gelfort, Head of Benelux, UK Power and Emissions
Recon Capital, an investment firm and exchange traded fund (ETF) provider has expanded its product offerings by partnering with Crow Point Partners, a boutique investment manager with a long track record in global equity, alternative, and specialty fixed income strategies, to offer the Crow Point Dividend Plus Fund.
“Today, with yield and volatility curves at historic lows, investors face an inordinate amount of assymetric risk. Investment management firms need to provide products to help them. We believe GDPIX does that,” says Peter DeCaprio, the CEO and co-founder of Crow Point. The Crow Point Dividend Plus Fund is comprised of three
Hedge fund data provider HFR reports that hedge funds investing in Japan declined to conclude the first half of 2016 as the Japanese Yen surged on Brexit, while hedge funds investing in China and throughout Emerging Asia posted mixed performance for the second quarter.
The HFRI Japan Index fell -2.7 per cent in June, the largest monthly decline since February, as the Nikkei 225 lost -9.6 per cent for the month, bringing the Nikkei’s 1H16 decline to -18.2 per cent. The June loss brings performance of the HFRI Japan Index to -2.6 per cent for 2Q and -6.1 per cent
July saw positive performance across the majority of asset classes as markets rebounded after the Brexit turmoil. The MSCI World Index returned 4.3 per cent whilst the Barclays US Aggregate Bond Index returned 0.6 per cent, pushing both indices up over 5 per cent year-to-date.
GAM portfolio manager Anthony Lawler (pictured) says: “Asset classes and investment managers generally performed well in July in the broad rally prompted by market expectations of another wave of easy monetary policy. The US dollar and commodities were the notable exceptions as they sold off over the month. Compared to the immediate post-Brexit risk aversion, investors
The proposed cooperation between the Austrian Central European Gas Hub (CEGH) and the Paris-based Powernext has now officially been approved by the Austrian and German competition authorities.
Austrian CEGH Gas Exchange spot and futures contracts will now be operated on the PEGAS platform under the Powernext rulebook and exchange license. The migration of CEGH products to the PEGAS platform will be carried out by the end of November 2016. In addition, the agreement foresees the joint development of the Austrian as well as the Central and Eastern European (CEE) gas markets.
Gottfried Steiner (pictured), CEO of Central European Gas Hub
AMP Capital and BetaShares have launched their third active exchange traded managed fund (ETMF). The AMP Capital Dynamic Markets Fund (Hedge Fund) (DMKT) is the first global multiasset fund trading on the Australian Securities Exchange (ASX).
The Dynamic Markets Fund was established in 2011 by AMP Capital Head of Dynamic Markets Nader Naeimi and AMP Capital Head of Investment Strategy and Chief Economist Shane Oliver to meet the needs of investors concerned about achieving their investment goals in the face of increasing market volatility.
DMKT is the ASX-traded version of the existing unlisted AMP Capital managed fund, which has raised more than AUD1.2 billion from
Schonfeld Strategic Advisors has expanded its exposure to quantitative trading with its commitment to Masa Capital, a newly-established investment adviser, run by quant portfolio manager Eric Tavel.
Tavel’s expertise lies in the development of quantitative trading strategies within a diverse set of asset classes, including futures and currencies. Schonfeld will support Masa Capital by investing capital as well as assisting with infrastructure and recruitment of personnel.
Tavel spent the last five years as the Head of Quantitative Trading for RBC’s proprietary trading division, known as GAT. Prior to RBC, he worked for 14 years at Goldman Sachs Asset Management as
Franklin Templeton Investments has launched Franklin K2 Global Macro Opportunities Fund for US investors, a multi-manager fund that invests in a variety of global macro strategies sub-advised by institutional-quality hedge strategy managers.
Global macro hedge strategies generally have the widest mandate of all hedge strategies, as managers may take positions across the asset classes of global equities, interest rates, currencies or commodities.
"Against the backdrop of increased global macroeconomic and political uncertainty, many US investors are potentially taking on more equity risk than their goals would dictate, and may be open to looking for new ways to diversify their investment
Investors redeemed a net USD20.70 billion from hedge funds in June, bringing Q2 net flows to negative USD10.68 billion and H1 2016 net flows to negative USD27.95 billion, according to eVestment’s latest Hedge Fund Industry Asset Flow Report.
As a result of the redemptions, the largest June since eVestment began tracking monthly flows in 2009, global hedge fund assets dropped below USD3 trillion.
eVestments says: “while there are exceptions, investors are clearly dissatisfied not only with 2015 returns, but also with performance from portions of the industry in 2016. The result of the Brexit vote, and its impact on returns
Sterling and euro prime money market fund (MMF) assets will increase in the coming months amid post-Brexit uncertainty despite record low yields, says Moody's Investors Service.
In parallel, US prime funds are experiencing a spike in outflows ahead of October's regulatory changes.
"Uncertainties around Brexit and the lack of comparable investment alternatives have kept investors in money market funds. Lower investor confidence and higher risk aversion could cause corporate investments to be postponed, leading to inflows into low-risk, highly liquid assets such as MMFs," says Vanessa Robert, Senior Credit Officer at Moody's.
Despite the drop in MMF yields, Moody's says
