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Indian hedge fund firm Avendus Capital sees bets on the country’s banking sector as its preferred option for stock market wagers amid what it sees as a favourable upcoming interest rate cycle and the bottoming out of net interest margins, according to a report by the Economic Times.
EEX Group global power markets were up 47% year-on-year in May at 952.5 TWh, mostly driven by further significant growth on the French (+140% YoY), the Spanish (+129% YoY), and Japanese (+128% YoY) EEX power derivatives markets.
Two years after leaving Citadel supposedly to join Millennium on a rumoured $50m package, Stefan Ericsson is back in business, not at Izzy Englander’s multi-strategy major, but at Taula Capital, former Millennium Senior PM Diego Megia’s new firm, according to a report by eFinancial Careers.
A number of energy-focused hedge funds including Cayler Capital and Northern Trace Capital posted losses last month amid low volatility in global oil markets which presented challenges for traders and algorithmic strategies, according to a report by Bloomberg.
MFA, the trade association for the global alternative asset management industry, has appointed Rob Hailey as Managing Director, Head of Europe, Middle East and Africa Government Affairs.Â
Hedgeweek has announced the winners of the US Emerging Manager Awards 2024, which recognise fund performance and service provider excellence within hedge fund emerging managers.
BitMEX, a crypto derivatives exchange and inventor of the 100x leverage perpetual swap, will substantially boost the leverage of its ETHUSD perpetual swap to 200x on the back of the recent US regulatory approval of ether spot ETFs.
Omega Systems, a managed service provider to the hedge funds industry, has acquired Amnet Technology Solutions and Cloudpath, providing clients of both firms with access to Omega’s portfolio of managed IT, cybersecurity and regulatory compliance services.
Reports that the Bank of Japan is likely to discuss the reduction of bond purchases as early as next week has prompted hedge funds to pivot on yen options trades and up their bullish bets on the currency, according to a report by Bloomberg.
Bloomberg’s Data Licence Plus data management solution is now available via hedge fund data and operations technology provider Arcesium’s operations platform, providing mutual customers with additional data management capabilities.
