Managers
BlackRock has launched the Systematic Multi-Strategy ESG Screened Fund (the Fund), its first single-manager multi-strategy liquid alternatives UCITS fund with daily liquidity in Europe.
Read the full story at Institutional Asset Manager…
Quantology Capital Management, a Paris-based systematic long/short equity-focused hedge fund firm, has launched a new strategy, Quantology US Equity.
The new fund aims to outperform the Nasdaq 100 Index, described by Quantology as “the best performer and the hardest index to outperform over the last 10 years.”
The launch comes as the firm’s Quantology Absolute Return strategy ended the first half of 2021 in negative territory, down just over 1 per cent having lost 0.5 per cent in June.
In a strategy update, Quantology said its flagship systematic long/short US-focused market neutral equity hedge fund, which trades Nasdaq and NYSE-listed
Credere Capital, a convertible arbitrage-focused hedge fund led by well-known industry veteran Oliver Dobbs (pictured), is launching a higher-volatility, higher-return version of its Trium Credere strategy later this year to tap into growing investor demand for such strategies.
American Securities’ opportunistic credit business, Ascribe Capital, has merged with Birch Grove Capital (BGC), a credit asset management business, to form AS Birch Grove, which now manages approximately USD5 billion in assets across an opportunistic hedge fund, private credit vehicles, and par credit and collateralised loan obligation vehicles.
Read the full story at Private Equity Wire…
Energy-focused hedge funds are capitalising on oil’s continuing price surge, as the commodity hit its highest level since 2018 this week.
Hedge fund managers that trade across the oil market and energy equities spectrum have generated eye-catching double-digit returns this year, as bullish bets built around price rises driven by reopening economies pay off.
US prices – as measured by the West Texas Intermediate crude benchmark – topped USD75 per barrel for August on Thursday, while Brent crude soared above USD76 per barrel, levels last seen around October 2018.
RCMA Capital’s long-running Merchant Commodity Fund – which trades commodity derivative
The newly elected EEX Exchange Council has held its constitutive meeting during which the Exchange Council members elected Dr Bernhard Walter, Head of Market Design and Regulatory Affairs at EnBW AG as new Chairman.
In addition, the members elected Pierre Chevalier, Head Energy Price Risk Management at DB Energie GmbH, Jens Göbel, Director Power, Gas and Emissions Trading at CEPSA GAS Y ELECTRICIDAD SA, and Stefan Sewckow, Managing Director at MVV Trading GmbH as Vice-Chairmen. The Exchange Council members expressed their gratitude to Dr Michael Redanz who did not stand for another mandate as Chairman after two terms.
In
More hedge funds were launched in the first quarter of this year than at any other time since the end of 2017, with the number of new strategy roll-outs outstripping liquidations for the third consecutive quarter, amid further signs the industry is on track for another strong year.
Activist hedge fund CIAM says SCOR SE’s board of directors can “no longer ignore” shareholder discontent over governance practices, after the French reinsurance firm’s annual general meeting registered sizeable opposition to the board’s proposed remuneration policies.
Event driven hedge funds are making hay amid soaring levels of corporate activity, with new stats showing these managers raked in their best first-quarter returns in almost 30 years, as a number of newly-launched strategies look to get a piece of the M&A action.
Event driven managers – which seek to capitalise on stock mispricings and other valuation anomalies stemming from mergers and acquisitions, bankruptcies, takeovers and other corporate events using activist, merger arbitrage and special situations strategies – posted a first quarter composite return of 7.3 per cent, according to new research by bfinance, their strongest Q1 showing since
The Project Finance Exchange (PFX), a ‘closed’ marketplace where capital-raising construction and infrastructure projects can connect and engage seamlessly with private fund managers, has grown to over USD30 billion aggregate capital available within its first three months of opening in April.
Read the full story at Property Funds World…
