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The European Power Spot Market, operated by EPEX SPOT, started the new year with a record monthly volume of 58.8 TWh, an 8% increase from the same period last year. The 20% growth in the Intraday Markets was supplemented by a 4% increase in Day-Ahead trading.
At 314.3 TWh in January, trading on the EEX Power Futures Market achieved a significant increase compared to December. However, due to the uncertainties on the energy markets, volumes were 20% lower than in the same period last year. Trading in Italian Power Futures (+9%), Belgian Power Futures (+130%), and Dutch Power Futures (+139%)
Global funds services and solutions provider Ocorian has appointed Peter Corry as head of global funds, Luxembourg. Corry joins from IQ-EQ where he spent the last three years as Country Delivery Director for the firm’s Luxembourg operations.
A record of consistently high returns is allowing multi-manager hedge funds to command expenses fees three times higher those charged by their traditional single-manager fund peers, according to a report by Reuters.
Uncertainty over how a recession might hit European corporate debt has prompted Arini, a $2.3 billion hedge fund run by a former Credit Suisse banker, to unveil plans to launch two new credit funds this year, according to a report by Reuters.
BMLL, an independent provider of historical Level 3 data and analytics across global equity and futures markets to banks, brokers, asset managers, hedge funds, academics, regulators and global exchanges, has added Johannesburg Stock Exchange data across equities and ETFs to its offering.Â
FNZ, a global wealth management platform, has agreed to acquire International Fund Services & Asset Management SA, a Luxembourg-based B2B fund platform, serving all types of investment funds, including hedge funds, private equity and venture capital funds.
Pine River Capital Management, a global relative value alternative asset manager and provider of investment solutions to qualified clients through commingled hedge funds and bespoke solutions, has appointed Conan Crum as a portfolio manager to focus on US and UK relative value inflation strategies.
Hedgeye Risk Management, an independent provider of institutional investor research traditionally catering for hedge funds and fund managers on Wall Street, has added finance industry veteran David Salem to its research team.
Salem brings 40 years of Wall Street experience to Hedgeye and will lead the firm’s efforts to deliver institutional investor quality research to pension funds, endowments, family offices, RIAs and other large capital asset allocators.
Hedgeye says Salem’s considerable industry experience – from his work at The Investment Fund for Foundations (TIFF) and as partner at Jeremy Grantham’s GMO – will allow it to bring its investment research
Haidar Capital’s Jupiter Fund, which follows a high conviction, highly leveraged, macro strategy, has slumped around 13% so far this year following a record gain of 193% in 2023, according to a report by Bloomberg.
Independent asset management firm, Carmignac has added to its alternative investment offering with the appointment of merger arbitrage specialists, Fabienne Cretin-Fumeron and Stéphane Dieudonné, who both join the firm from Candriam.
Carmignac has been expanding its alternative capabilities for the last few years and the firm says the addition of a merger arbitrage duo is in line with the growing demand from clients to diversify away from traditional asset classes into those offering low volatility, uncorrelated sources of returns with experienced risk management capabilities.
Cretin-Fumeron and Dieudonné have been ruining a merger arbitrage together for 18 years, first at
