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The European Energy Exchange (EEX) plans to launch cash-settled Gas Futures on the European Gas Spot Index (EGSI) as well as associated cash-settled Spark Spreads within the first quarter of 2021.Financial Gas Futures will be listed on the Dutch, Austrian and German market areas and will cover the whole curve from short term (Day Futures, Weekend and Week contracts) to longer term maturities (Month, Quarter, Season and Calendar Year). The launch of these cash-settled contracts will enable easier access to the European gas markets for financial firms who do not require physical delivery while at the same time allowing all
The number of hedge fund launches compared with closures is “heavily skewed the wrong way”, says James Orme-Smith, CEO of Sandbar Asset Management, but he indicated that emerging managers can still overcome the sizeable barriers to entry.
“For anyone to start their own hedge fund, capital has become the oxygen more than anything else, and has become even more important than it ever was,” Orme-Smith said during the concluding panel of this year’s Hedgeweek LIVE Europe summit.
The session – which explored the fundraising outlook for 2021 – did not shy away from the huge challenges that loom over emerging
The first electronic SOFR versus Effective Federal Funds Rate (EFFR) basis swap compression trade has been executed on the Bloomberg SEF (BSEF). Read the full story at Institutional Asset Manager…
Buy-side derivatives market participants are now able to fully outsource their entire non-cleared margin workflow, via the market’s first end-to-end collateral solution developed by BNY Mellon.Read the full story at Institutional Asset Manager…
The Wilshire Liquid Alternative Index, which provides a representative baseline for how the broad liquid alternative investment category performs, returned -0.51 p[er cent in October, underperforming the -0.22 per cent monthly return of the HFRX Global Hedge Fund Index. The Wilshire Liquid Alternative Index family aims to deliver precise market measures for the performance of diversified liquid alternative investment strategies implemented through mutual fund structures, backed by a proprietary classification methodology.
“As we saw the beginning of a second wave of Covid-19 and a looming US presidential election, markets began to sell off in October as participants looked to reduce risk
The shift to remote working as a result of the coronavirus pandemic proved to be the ultimate stress test for hedge funds’ cybersecurity and business continuity processes – but speakers at this year’s Hedgeweek LIVE Europe digital summit believe the industry has coped well with the unprecedented disruption.
The hedge fund industry posted a second consecutive monthly loss in October, down 0.11 per cent for the month, according to the Barclay Hedge Fund Index.
Northern Trust has been appointed to provide fund administration services for Pershing Square Capital Management (Pershing Square). Under the mandate, Northern Trust will support Pershing Square’s Guernsey, Cayman and Delaware domiciled funds.“Northern Trust has all the capabilities we were looking for in our administration partner,” says Pershing Square chief financial officer Michael Gonnella. “Northern Trust is able to execute the complex daily, weekly and monthly requirements for our funds and deliver seamless service across geographies and products.”
“We’re very excited to begin this relationship with Pershing Square,” says Jeff Boyd, chief executive officer, Northern Trust Hedge Fund Services. “We pride
The gross return of the SS&C GlobeOp Hedge Fund Performance Index for October 2020 measured -0.11 per cent.Hedge fund flows as measured by the SS&C GlobeOp Capital Movement Index advanced 0.31 per cent in November.
“SS&C GlobeOp’s Capital Movement Index rose 0.31% for November 2020, reflecting slightly higher net inflows than the 0.28% reported a year ago,” says Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies. “We note this gain marks the sixth consecutive month of improved net flows relative to the prior year. The continued strong trend in hedge fund asset retention, which emerged following the outbreak of
The European Energy Exchange (EEX) has recorded its highest trading volume to date in Japanese Power Futures. Throughout the month of October, EEX achieved a total traded volume of 111 GWh, thereby setting a new monthly record.Having launched in May this year, trading volumes in Japanese Power have continued to build steadily with October reporting a significant increase in trading frequency with transactions being registered virtually every business day. In addition to an increase in trading frequency from already active players, October also saw a major upswing in the number of new trading participants from both the domestic market in
