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Brummer & Partners, a long-running Swedish multi-strategy hedge fund firm, saw its flagship Brummer Multi-Strategy vehicle up marginally in April, as solid gains across its long/short credit, systematic equity, relative value and macro strategies were offset by sharp losses in tech-focused long/short equity trades.
Bloomberg Data License clients can now access data analytics from Trendrating via the Bloomberg Enterprise Access Point (BEAP).
CTAs and trend-following hedge fund strategies maintained their recent impressive momentum, profiting from continued trends across commodities and bond markets, new Société Générale data for April shows.
The hedge fund industry recorded USD33 billion of redemptions in Q1 according to HFR, making it the highest figure since the second quarter of 2009, as investors de-risked their portfolios. But this redemption figure could arguably be even higher come 30 June, as the full impact of Covid-19 becomes clearer.
Sterling Trading Tech (STT) has appointed Farid (Freddy) Zainal as the Director of Business Development.
Macro hedge fund, Reminiscent Capital (Reminiscent), has launched a Cayman Fund to enable broader access to its Asia Macro Master Strategy (Strategy). The Strategy, which is employed to construct a highly liquid portfolio centred around rates, FX and equities, was launched in February 2019 and has previously only been available to Australian investors via an Australian Unit Trust.
The strategy finished Q1 2020 up 16.5 per cent before fees, navigating the recent market turmoil successfully and significantly outperforming the HFRI Macro Discretionary Thematic Index YTD and since inception.
The focus of the fund in investing only in liquid products and its
EEX Group has reported a 46 per cent increase in European power derivatives trading volume in April, largely driven by consistent growth in the Germany Phelix-DE futures and the strong performance of the French (+152 per cent trading volume y-o-y), Spanish (+140 per cent y-o-y) and Hungarian (+256 per cent y-o-y) power futures. The Hungarian power futures continued its positive development, making Hungary now the fourth largest power market in terms of traded volume on EEX’s European power derivatives platform, behind Germany, Italy and France.
On the Austrian, French and German Intraday power markets, flexibility products, namely 15 minute and 30
Long-term investment specialists Inbhear Fund Service and Inbhear Management Services have been acquired by SANNE, a provider of alternative asset and corporate business services.
From public cloud to AI Ops, advanced technology is reshaping contingency planning and the future of work for hedge fund managers.
Cloud computing has revolutionised the way hedge funds operate, and in many respects, has blurred the lines between office-based and remote working. A decade ago, the concept of remote working was more complicated, from a technology perspective, as it relied upon hedge funds to enact their Business Continuity Plans (BCPs) by setting up remote VPN access, phone lines and file sharing capabilities. Today, however, this has become business as usual thanks to the cloud, as managers leverage the
Increasing regulations around cybersecurity, data protection and privacy are reinforcing the proposition of outsourced third party service providers. They themselves already operate under a strict data governance framework and recommend robust risk management and data governance strategies to clients so legislation by governing bodies further underlines the importance of the service they offer.
