Managers
Hedge funds posted mixed performance in January, as fears of contagion related to the coronavirus drove global equity market volatility into month-end. The HFRI Fund Weighted Composite Index posted a narrow decline of -0.19 per cent for January, with declines in Equity Hedge and Event-Driven only partially offset by gains in Macro and Relative Value Arbitrage strategies, according to data released today by HFR.
The HFRI 500 Fund Weighted Composite Index, an investable index of 500 leading hedge funds, fell -0.03 per cent in January. Liquid Alternative UCITS strategies also posted mixed performance for the month, as the HFRI-I Liquid Alternative
European software investor Hg is to acquire stakes from Keensight Capital and Pléiade Venture in smartTrade Technologies (“smartTrade”), a specialist in multi-asset electronic trading solutions, headquartered in Aix-en-Provence, France. David Vincent, CEO & co-Founder, and the smartTrade management team will remain invested in the business alongside Hg.
smartTrade is a managed services and hosted software provider for trading desks. It’s liquidity management solutions enable banks, brokers and hedge funds to proprietary trading desks to develop and run high-performance trading platforms throughout the world. The business has expanded rapidly in recent years and today has a global client base, with subsidiaries around
Metronome Capital, the London-based long/short equity manager led by former Lehman Brothers banker and Parvus Asset Management partner Sharif el Khazen, is flying high – powered by a mix of long conviction trades in European luxury brand names and a cluster of short bets on assorted declining sectors.
Small cap equity specialist, Granahan Investment Management (GIM), has launched the Granahan US SMID Select Fund on the Granahan Funds plc platform. A seed client has invested nearly USD100-million.
A growing number of investors require hedge funds to build environmental, social and governance (ESG) elements into their investment processes – with traditional risk-return metrics being overhauled to include ESG factors, a wide-ranging industry study has found.
A total volume of 10.1 TWh was traded in EEX’s intraday power markets in January 2020, a 46 per cent increase year on year. The Austrian, Belgian, German continuous, French, GB continuous and Dutch spot markets all registered record volumes, which made it possible to pass the 10 TWh mark for the first time.
The power derivatives markets reported a double-digit growth with the Hungarian market doubling its volumes to 16.1 TWh and French futures increasing by 92 per cent.
At 179.5 TWh, the US power futures continued their strong development and increased by 57 per cent compared to January 2019.
Mindful Wealth, an Asset Management company with around US$600 million under management, has successfully completed the VCC Pilot Programme with the Monetary Authority of Singapore (MAS) and re-domiciled one of its funds, Avenida CLO Equity Fund, from the Bahamas to Singapore. MAS has recently introduced a new Variable Capital Companies (VCC) framework to provide a new corporate structure for investment funds which seeks to facilitate the co-location of fund managers’ substantive fund management and domiciliation activities in Singapore. VCC is constituted under the Variable Capital Companies Act. After MAS launched the VCC framework, it has been running a pilot programme for
Convertible bond arbitrage strategies may hold half of the reported short positions in Tesla, as short bets against the electric carmaker remain resilient despite its market value roaring past USD150 billion this week.
Cowen has entered into an agreement to cooperate with Global Prime Partners (GPP) to transition GPP’s International Prime Brokerage business to Cowen. Cowen and GPP will work together to implement this transition efficiently and with a commitment to best serve GPP’s clients and personnel, as well as maintain the level of services current GPP clients have come to expect.
As part of the agreement, Cowen has hired GPP’s prime brokerage team, including personnel from the sales, operations, client service, onboarding and trading teams. GPP will also provide Cowen with Custody, Clearing and other related services. Additionally, Cowen will acquire from GPP
Markets to stay volatile, as coronavirus fears dampen EM growth, says Bluebay
Markets to stay volatile, as coronavirus fears dampen EM growth, says Bluebay