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London-based RJ O’Brien Limited (RJO Limited), sister company of Chicago-based independent futures brokerage and clearing firm RJ O’Brien & Associates (RJO), has appointed a veteran team of brokers to establish a new specialty in soft commodities.
Gary Papier, James Hunt and David Cutler have extensive experience in futures and commodities, particularly in coffee, sugar, cocoa and cotton.
The team reports to Renée Laird, RJO Senior Managing Director and Global Head of Commercial Agriculture and OTC Markets. Papier and Hunt are both Senior Vice President and Soft Commodities Co-Head. Cutler is Vice President, Soft Commodities. Papier and Hunt have worked together for the
Quantumrock, the German volatility-focused quantitative hedge fund manager, is on a roll this year, its flagship fund’s performance surging into double-digit territory with an equity futures-and-treasuries model built around AI trading throughout the market cycle.
Hedge funds are continuing to recover from sharp losses suffered earlier this year, notching up positive returns for the second successive month in May as economies slowly reopen following the coronavirus lockdown, new data from Hedge Fund Research shows.
All long/short equity hedge fund strategies clawed back profits last month, including sector-specialist managers such as technology and materials, while activist and special situations funds are making hay amid widespread global market dislocations.
The HFRI Fund Weighted Composite Index – which tracks the performance of more than 1,400 single manager funds of various strategies globally – gained 2.5 per cent in May, with
Singapore-based consultancy ComplianceAsia Consulting has launched iLearn, an online portal which provides compliance training programmes for Singapore’s asset managers, in partnership with the Investment Management Association of Singapore (IMAS).
Balchug Capital, an event-driven and value investment manager with particular focus on emerging markets, has opened a new office in the Armenian capital, Yerevan. The firm’s head office is in Moscow.Balchug founder and CEO David Amaryan says: “I am of Armenian heritage and take a strong interest in the economic and capital markets development of my home country. With the new government in place, we think there are strong investment opportunities there that those not familiar with the region might miss, and we also wish to support the development of the investment management industry in the country.”
The new office
As global economies re-emerge from the coronavirus lockdown, Hedgeweek rounds up a range of views from across the hedge fund spectrum on how the so-called ‘new normal’ may shape investment opportunities…
Penso Advisors (Penso), a New York-based manager and advisory boutique specialising in discretionary macro and risk mitigating strategies, has established a Advisory Board, whose inaugural members include Alan Howard, Co-Founder of Brevan Howard, Raymond Kanner, former CIO of IBM Retirement Funds’ system and Mike Edleson, former CRO of The University of Chicago Office of Investments.
The Advisory Board will serve as external advisors to the firm, providing expert perspectives on global macro investing, investment operations and institutional risk and portfolio management.
“We are delighted that these three distinguished industry veterans have joined our newly established Penso Advisory Board,” says Ari
RISE Wealth Technologies, a Munich-based AI investment technology firm, has today unveiled a new name – Quantumrock – new logo and a new website as part of an extensive rebranding initiative.
With the move coming at a time of unprecedented change within the global financial markets, it has never been more important for firms to explore new and innovative ways to make bold decisions, allocating capital to capabilities and initiatives which offer potential for transformation and value creation.
Founded by a team of talented entrepreneurs and technical scientists, this is where Quantumrock’s proprietary artificial intelligent (AI) and machine learning (ML)
After the successful start of the Nordic Intraday markets end of May, the European Power Exchange EPEX SPOT and its clearing house European Commodity Clearing (ECC) successfully launched their Day-Ahead markets in Denmark, Finland, Norway and Sweden, completing their offering in the region.
This was enabled through the Nordic Multi-NEMO Arrangements (MNAs) implemented on 3 June which was also the first trading day.
During the first two days, 890 MWh were traded in the new Day-Ahead markets. The Day-Ahead auction is coupled via the Multi-Regional Coupling which secures one single price in the Nordics, now that EPEX SPOT is active
Pictet chief strategist cautious on equities rebound, warning on UK as materials and Japan offer value
Pictet chief strategist cautious on equities rebound, warning on UK as materials and Japan offer value