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The total volume on the global power markets of EEX Group in April increased by 29% to 661.9 TWh compared to the same month of the previous year. Both the European Power Spot Markets – operated by EPEX SPOT (+11%) – and the EEX European Power Derivatives Markets (+36%) recorded volume increases.
Trading in German Power Futures rose by 45% compared to the same period of the previous year. An additional driver of these developments was trading in French Power Futures, which recorded an increase of 41%.
The Japanese Power Futures achieved 394% growth against April 2022, reaching its second
Chase Coleman’s technology-focused investment manager Tiger Global is exploring options to cash in a part of its $40 billion portfolio of privately held companies through secondary market sales, according to a report by Bloomberg.
In turbulent times, how you approach the market is just as important as what’s going on in the market. With the right tools, you can take advantage of inflows and outflows. Read more
Hedge funds including FourSixThree Capital and Diameter Capital have been buying swaps insuring Credit Suisse’s subordinated bonds believing that the controversial decision to write down the bank’s AT1 securities as part of its takeover by rival UBS could trigger a payout of the derivatives contracts, according to a report by Bloomberg.
A growing short position on US Treasury futures is directly attributable to hedge fund placing bets on the spread between the futures and their underlying assets, according to a report by Bloomberg citing data from the Commodity Futures Trading Commission.
Hedge funds have become too pessimistic about stocks as they position for a slump in global equities and may have to become more bullish if the current stock rally continues pushing the market even higher according a report by Bloomberg.
The report cites Arthur van Slooten, a strategist at Societe Generale, as saying that their positioning is “so extreme” that no decline in equities “could result in a quick and drastic reversal of positions” and could potentially send “equities and bond yields higher”.
According to data compiled by Bloomberg, the report says that net short positioning on the S&P 500
L1 Capital, a Melbourne-based hedge fund run by Raphael Lamm and Mark Landau, is buying cyclical stocks rather than defensive stocks as it pares back its long-exposure to equity markets, according to a report by The Financial Review.
The firm believes that defensive stocks are too expensive as they have already priced in future interest rate cuts.
The report cites Landau, co-founder of the 16-year-old hedge fund, as having told investors that ASX-listed companies that derived their revenues offshore are particularly vulnerable, given their elevated valuations and the weak Australian dollar.
“Cyclicals are the opportunity in the market and defensive
The Alternative Investment Management Association, with KPMG and digital asset investors and industry experts, has added to its wide-ranging sound practice toolkit with the publication of a new industry guide on digital asset trading for institutional investors.
Options Technology, a provider of cloud-enabled managed services to the global capital markets, has achieved Microsoft Solutions Partner designation for infrastructure, acknowledging the firm’s ability to deliver solutions for clients in this specific area.
Collas Crill has appointed Chantelle Day as Counsel in its Corporate, Finance and Funds team in Cayman. Day trained and worked in a large Cayman Islands law firm for the first 12 years of her legal career and has spent four years practicing law in Dublin and London.
