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The first half of 2020 has proved tricky for activist hedge fund managers, as performance remained in the red and the number of companies targeted by activists fell to its lowest level in five years.
Activist strategies were hit hard earlier in the year by the coronavirus pandemic, but more recently performance has recovered, according to new eVestment data, with managers soaring almost 23 per cent during the second quarter of the year.
But despite recent the recent resurgence – which included a 4.71 per cent advance in June – activist hedge funds remain down 6.44 per cent for the
AlgoDynamix, a financial instrument price movement forecasting analytics provider, has extended its reach across North America and Asia.
QMA, PFGIM’s multi-asset and quantitative equity specialist has appointed George Patterson as its new CIO.Read the full story at Institutional Asset Manager…
Following the successful launch of perpetual swaps in Q2 of this year, Huobi Futures will be aiming to launch bitcoin options trading in Q3. Bitcoin options are a form of financial derivative that gives the trader the right, but not the obligation, to buy or sell Bitcoin at a specific price at a certain date of expiry.
Huobi Futures will be offering these Options contracts in the European style which means that the buyer of the Option can only be exercised at the expiration. The Options contracts will, at first, only be available for Bitcoin.
Huobi Global is committed to enriching
CoinDesk, a blockchain and cryptocurrency news and information platform, has launched its Research Hub, a point of connection for the broader investor audience to access research on digital assets and markets. “It’s about helping our audience by showing them a wider range of quality research than just what CoinDesk produces, and helping the industry by sharing others’ work more widely. If the sector has a diverse range of research that gets in front of an audience eager for information, then everybody wins,” says Noelle Acheson, CoinDesk’s Director of Research.
The Research Hub will go beyond CoinDesk’s own reporting on the digital
Cowen Inc has announced several key hires and a significant product enhancement in response to strong growth at UK-headquartered trading platform Cowen Execution Services Limited (CESL). Since launching with an experienced team of trading professionals in October 2019, CESL has seen impressive growth in the depth and breadth of trading on its platform, already executing USD75 billion in non-dollar trades.
Matt Cyzer, CEO of CESL, says: “Over the past four months, as the pandemic has caused such volatility in global markets, institutional clients have consistently turned to Cowen, resoundingly validating our core, collaborative culture and value proposition. Today, more than ever,
Independent investment manager, Cerno Capital Partners (Cerno) has appointed Richard Chenevix-Trench, to its Investment Advisory Committee.Chenevix-Trench was previously CIO and partner of hedge fund, Sloane Robinson, which specialises in emerging and Asian markets equities. He has also held senior roles with Baring Asset Management in Asia and the UK, running its Asia Pacific and Hong Kong funds, and with SG Warburg.
Cerno’s Investment Advisory Committee comprises: Miles Geldard, Russell Napier and Richard Oldfield.
Nicholas Hornby, Managing Partner, Cerno Capital Partners, says: “We are thrilled to welcome someone of Richard’s experience and expertise to our Investment Advisory Committee. His immense knowledge of global
Triad Securities Corp, a full-service, agency-only brokerage firm, has issued its Q2 2020 Quarterly Snapshot on US IPOs and secondary offerings.Published in conjunction with Argus Research, the report provides ECM (equity capital market) trends along with tables showing the performance of the largest Q2 2020 IPOs, the most promising upcoming IPO candidates, the top 20 Unicorns and top 20 underwriter performance.
In the second quarter, the IPO and Secondary market roared back to life, with the total number of IPOs (46) exceeding those from Q1. High-quality companies came public in Q2 and the ratio of positive issue-opens to negative-issue opens
The price of natural gas is predicted to surge amid stalling US production levels, says Russell Clark Investment Management, London-based global equities hedge fund.
Russell Clark’s contrarian long/short firm, which is well-known for its bearish calls in global stock markets, is betting on natural gas prices to spike as a result of tightening supply heading into the winter months.
Earlier this year, Clark suggested future rises in the cost of natural gas following the oil price crash could squeeze utilities’ profits – with US companies proving a lucrative short bet for hedge funds.
Now, the long-running firm – which was
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