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Oil prices plummeted on Monday morning as the impact from the coronavirus outbreak – coupled with a Saudi Arabian price cut – dragged global stock markets lower, with a number of major hedge funds standing to gain from the commodities crash.
Brent crude fell to just over USD36 per barrel, while West Texas Intermediate was roughly USD32 on Monday morning. Saudi Arabia has sparked a price war by slashing costs, souring relations between Opec and Russia, with the subsequent 30 per cent fall the biggest since the 1991 Gulf War.
Amid hefty slides not seen since the 2008 financial crisis, BP and
Brooklands Fund Management Limited has appointed Mohsin Khan as Chief Operating Officer (COO) effective Q2 2020.Khan brings over 12 years of experience in Operations and Compliance in the Asset Management industry. Mohsin is coming from Altana Wealth where he spent over 5 years building the infrastructure. As the COO he was instrumental in launching many funds across different jurisdictions as well as managing the teams in London. Prior to Altana, Mohsin reaps a wealth of experience from previous employment at BlueCrest Capital Management, JP Morgan and Merrill Lynch to name a few.
Olivier Thieux, Co-CEO, says: “We are very excited to welcome Mohsin to
Specialist fixed income manager, BlueBay Asset Management (BlueBay), has added to its emerging market debt (EM) illiquid corporate credit capabilities with the appointment of Illya Zyskind to the newly-created role of Portfolio Manager.Based in London, Illya reports to Polina Kurdyavko, Head of Emerging Markets, and will partner with recent hire, Mihai Florian, to further develop BlueBay’s capabilities in illiquid emerging market corporate credit through co-investment opportunities and new closed-ended investment strategies.
The team believes there is a sizeable opportunity to invest across EM illiquid credit, where the market remains relatively less sophisticated and underpenetrated. This comes at a time
Hedge funds posted mixed performance in February, led by fixed income-based Relative Value Arbitrage strategies, as global equities and commodities suffered steep declines on spreading coronavirus contagion fears. The investable HFRI 500 Relative Value Index gained +0.8 per cent for the month, led by arbitrage positions, primarily long fixed income and short equity exposures, as reported today by HFR®, the established global leader in the indexation, analysis and research of the global hedge fund industry.
The broad-based HFRI Fund Weighted Composite Index declined -1.7 per cent for the month, topping the steep decline of the DJIA by over 800 basis points.
The impact of the coronavirus outbreak is revealing underlying weaknesses in emerging market debt, according to Man GLG.
Guillermo Ossés, head of emerging market debt strategies at Man GLG, says the firm is staying negative on EM assets until the risk of a pandemic infection from Covid-19 outbreak has subsided.
He predicted a “steep correction” in both the local and external EM indexes driven by EM FX, credit and local rates.
“EM countries have no room to manoeuvre in this environment and positions in EM assets have not been reduced in size. It took just one day worth of outflows,
With notable dispersion in high yield in 2019, CQS and BlueBay Asset Management see further upside as energy and automotive sectors respond to technology disruption…
High yield credit will likely present further idiosyncratic opportunities in 2020 thanks to elevated dispersion in US high yield, in particular. Relative to investment grade, CQS’s Sir Michael Hintze is of the view that “there is room for significant outperformance”.
In the latest CQS Insights research study, “Looking into 2020”, Hintze, the founder and CIO of one of the world’s best known credit hedge funds, thinks there is still some way to go in the
The rapid stock market sell-off – which saw the S&P 500 slide 3 per cent again on Thursday, with the FTSE 100 down 3.5 per cent on Friday morning – is unlikely to end the long equity bull market run, according to Target QR Strategies, the US hedge fund investment adviser.
Portfolio manager Robert Zuccaro believes that while the ongoing concerns over the impact of the coronavirus outbreak may push markets lower “for a while”, the downdraft will be followed by a “strong market recovery”.
Zuccaro – a quantitative investing veteran who focuses on midcap equities – pointed to the
The Standards Board for Alternative Investments (SBAI) has published a memo on addressing potential conflicts of interest between parallel funds, which was developed by the Standards Board’s Governance Working Group.
Matchbook, is teaming up with the Alternative Investment Management Association (AIMA), the global representative of the alternative investment industry, to provide fund managers with best-in-class recruiting technology and executive search services to help them grow their business.Matchbook, a OneWire brand, provides a role-based marketplace of screened and vetted talent ready to make a move. Hiring firms can subscribe to different roles, view profiles, read recruiter notes, view compensation expectations, and interview candidates all free of charge. The Company charges a reduced success fee if a hire is made, reducing the up-front risk and putting the firm in control of the
CAIS, the leading financial technology platform connecting financial advisors with alternative investments, today announced a new strategic partnership with National Holdings Corporation (NASDAQ: NHLD). National Holdings Corporation, or National, a full-service independent brokerage, investment banking, trading, and asset management firm, has partnered with CAIS, a financial technology platform connecting financial advisors with alternative investments.
Through the CAIS platform, National’s 1000-plus financial professionals will gain access to private equity, hedge funds, real estate, and private credit strategies. The CAIS platform offers a range of benefits, including third-party due diligence from Mercer, a simplified web-based subscription process, and integration with all major custodians
