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By A Paris – They say you should never let a serious crisis go to waste and the latest wave of turbulence caused by the global Covid-19 pandemic is certainly testing the hedge fund industry to understand how to make the best of a difficult situation.
The fortunes of hedge funds have been mired in chaos. The HFRX Global Hedge Fund Index, lost 7.76 per cent by the last week of March yet the in the same breath, the Eurekahedge Hedge Fund Index registered its strongest outperformance relative to underlying markets since October 2008, outperforming the MSCI AC World Index
The advent of negative prices for the US West Texas Intermediate (WTI) oil benchmark will further squeeze growth and investment in the Permian basin, potentially heralding a sharp slide in US natural gas exports, according to Horseman Capital Management.
The London-based contrarian long/short hedge fund firm led by Russell Clark believes US exports of liquefied natural gas are likely to fall, “potentially precipitously”, in the current trading environment – a knock-on effect of lower US oil production.
“If I was a US LNG exporter, I would listen to the Noel Gallagher song ‘Gas Panic’,” Clark said in a note on
Commodities markets are often viewed predominantly through the narrow lens of energy markets, with the recent dramatic oil price volatility garnering front page headlines, bringing hefty gains for several hedge fund strategies amid the turmoil.
Trading platform BidFX has gained access to frontier markets by adding global markets banking specialist ICBC Standard as a new liquidity provider.
Read the full story at InstitutionalAssetManager…
Elaine Breen has been appointed by INDOS Financial, an independent fund depositary and oversight business, as Head of Legal & Compliance for its Irish operations. Breen was formerly the General Counsel at BlackBee Investments, an investment firm in Cork City, Ireland and prior to this, held senior roles at IFG Group PLC and Willis.
Breen is a member of the judging panel for the global Women in Compliance Awards, the Early Irish Career Awards and is an assessor for the Good Governance Awards for the not-for-profit sector. Elaine was also recognised in the 2019 Ireland General Counsel Powerlist.
“We are very
Investcorp, a global provider and manager of alternative investment products, and Tages Group (Tages), a European alternative asset management firm, have created a 50/50 joint venture (JV) by merging Investcorp’s Absolute Return Investments business (Investcorp ARI) and Tages Capital, the absolute return subsidiary of Tages.The JV, called Investcorp-Tages Limited, leverages Tages Capital’s and Investcorp ARI’s investment expertise and complementary footprints in seeking to create a global absolute return platform with more than USD6 billion in revenue generating assets, including customised portfolios, seeding and other investment solutions. As a combined team, this positions the JV as one of the world’s leading
In a recent white paper entitled Evolution in Asset Management, SEI pointed out that 70 per cent of US fund managers are currently looking to deploy advanced analytics in the front-office. The field of data science and machine learning-based data analysis is helping to transform how fund managers think about data to gain a competitive edge.
TORA, a provider of a cloud-based order and execution management system (OEMS), has partnered with risk & compliance platform provider, Imagine Software to create a front-to-back end trading solution for hedge funds & asset managers.The affiliation between the two companies’ offerings will provide the strongest universal multi-asset front-to-back trading solution. The two systems will work together to generate a new best-in-class leader across the value chain to create a truly integrated trading platform.
TORA first established the industry’s first cloud-based OEMS over 13 years ago providing clients with state-of-the-art trading tools to assure best execution and manage complex trading
The Hedge Fund Association (HFA), an international nonprofit trade and nonpartisan lobbying organisation, has announced the results of its 2020 Global Board of Directors election. HFA members re-elected Camille Clemons, Jennifer Keeney and Emily Slocum, and elected Jill Calton, Lauri Goodwyn, James Koutoulas, Alexander Reyes and Joshua Stone. All HFA Directors are volunteers serving for up to two consecutive three-year terms.
Jill Calton, UMB Fund Services
Camille Clemons, Cohen & Company
Lauri Goodwyn, Seward & Kissel LLP
Jennifer Keeney, BNY Mellon Wealth Management
James Koutoulas, Typhon Capital Management
Alexander Reyes, Citrin Cooperman
Emily Slocum, GQR Global Markets
Joshua Stone, FundsLawyer PLLC
Pragmatism in the face of uncertainty
Pragmatism in the face of uncertainty