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The widening valuation gap between emerging markets fixed income and its developed markets counterpart is set to throw up “interesting opportunities” for EM-focused investors and hedge funds once the recent US treasury yield spike stabilises, according to BlueBay Asset Management.
As US 10-year treasury yields spiralled this week – topping 1.6 per cent at one point – volatility across equity markets kept a lid on returns, while emerging markets fixed income, local markets, and sovereign and corporate credit were also all down.
The move in higher real rates has proved a headwind for EM fixed income – but has led
The team at Hedgeweek is delighted to announce the winners of this year’s Hedgeweek European Awards, compiled in conjunction with Bloomberg.
London-based commodities-focused hedge fund Westbeck Capital Management has seen its flagship strategy surge in recent weeks, as oil prices continue to trend upwards.
The Westbeck Energy Opportunity Fund finished February up 32.8 per cent, and is maintaining its positive momentum in March as oil prices regain pre-pandemic levels and oil equities rebound.
The strategy, which launched in 2016, trades oil markets using a long/short directional approach across equities, futures and options. Oil equities, oil futures – both long and short – oil options and emissions all contributed positively to March’s returns, which was the fund’s best monthly performance since April
New Zealand Registered Financial Service Provider Techemynt has launched the first New Zealand dollar stablecoin, $NZDs.
Read the full story at Institutional Asset Manager…
Hedge fund consultant PivotalPath has formed a new partnership with the Institute for Private Capital (IPC) which will provide academic researchers with a wealth of hedge fund industry information while still maintaining manager confidentiality.
Going forward, researchers will no longer be solely reliant on commercial databases, and this access to more comprehensive information furthers IPC’s mission to promote a deeper understanding of the role private capital plays in the global economy.
The hedge fund industry’s historic opacity has led to misunderstanding and misrepresentation in the public sphere. A recent working paper, titled “The Hedge Fund Industry is Bigger (and has
Hudson Fintech, a London-based Capital Markets technology firm, announced the launch of Trade Hospital. As a key component of the Hudson Edge technology platform, Trade Hospital acts as an advanced workflow management service which filters, aggregates and reconciles trade messages before sending optimised submissions to back office systems for confirmation and settlement.
“Hudson Trade Hospital resolves a major headache for our clients, optimising processing workflows and immediately saving on processing costs,” says Michael Walliss, CEO of Hudson Fintech. “This shows the power of the Hudson Edge platform, where we are able to apply our flexible ECS technology to solutions such
Avelacom, a low latency connectivity, IT infrastructure and data solutions provider for global financial markets, has become a connectivity provider for the LME, supporting LME members to use cross-market trading strategies more efficiently.
Avelacom’s network provides global coverage that includes most developed market exchanges, such as CME, with a particular focus on emerging markets, including exchanges in mainland China and India.
All these commodity and derivatives exchanges have products that are highly correlated, with opportunities for commodities arbitrage, making improved connectivity a key differentiator.
With Avelacom as an LME’s network provider, trading firms benefit from the lowest latencies between
Enfusion, a global provider of cloud-based investment management solutions and services, has signed two new clients, Dark Forest Capital Management LP, a systematic, global equity investment manager and Welton Investment Partners, a systematic investment manager, to modernise operational infrastructure, enhance scalability and increase overall efficiency.
The client wins underscore the growing demand among asset managers and hedge funds for an innovative, cloud-native SaaS investment management framework that is underpinned by a single, golden data set as well as outsourced manpower and insights to lighten and improve the operational load.
“Hedge funds and asset managers are increasingly looking for technology solutions
A majority of investors now believe hedge funds are best placed to enhance the performance of a traditional 60/40 equities and bonds portfolio, with the prevailing rate environment driving a “sense of urgency” among allocators to tap into new sources of returns, a new Credit Suisse survey has found.
The bank’s 2021 Hedge Fund Investor Survey, titled ‘A New Dawn’, quizzed more than 200 institutional investors, collectively representing USD800 of hedge fund investments globally. Survey participants – which included pensions, endowments, foundations, consultants, private banks, family offices, and funds of hedge funds – were probed on strategy preferences, allocation plans,
AKJt Holdings (AKJt), an affiliated company of trading and infrastructure solutions provider AK Jensen Group Limited, has acquired NexGen Management Limited (NexGen).
NexGen is a Cayman ManCo with a history of supporting both traditional and crypto funds. The transaction will allow AKJt to expand its service offering for crypto fund managers and will work in conjunction with AKJ Crypto plc (AKJC), AKJt’s full-service platform for funds trading in digital assets. Additionally, the deal will provide additional client volume, distribution channels, and sales synergies.
In discussing the transaction, Neal Mitra, CEO of AKJ Crypto, says: “We are thrilled to have NexGen
