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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.
Hedge fund managers and their investors need to adapt to volatility while achieving capital and liquidity efficiency across all asset classes. Jurrie Reinders (pictured), Head of Prime Services, Clearing and Cross Asset Secured Financing, Europe at Societe Generale, talks about how the firm is supporting clients through a number of different solutions.
Man Group CEO Luke Ellis has announced his intention to retire with Robyn Grew, currently president of the group and a member of the company’s Senior Executive Committee, set to succeed him. Based in the US, Grew has spent the past 14 years at Man Group.
