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The financial landscape is in flux, as investors in the cryptocurrency space tackle a number of market headwinds which can cause some apprehension. But finding the right balance between diversification and risk management, can help them forge a path which safeguards their portfolios without stifling growth.
A group of investors including Davidson Kempner Capital Management, is hoping to persuade Schneider Electric SE to increase its £31 per share takeover offer for UK industrial software company Aveva Group Plc, according to a report by Bloomberg.
The report cites unnamed sources as revealing that the merger arbitrage firm has built a holding of 3.5% in Avela and along with other minority investors is seeking an improved offer from Schneider Electric of up to £35 per share. Davidon Kempner is reportedly continuing to acquire Avela stock.
Schneider, which already holds about 59.1 per cent of Avela, first made an
Barry Norris the founder of London-based specialist equity fund management company Argonaut Capital, wants all new wind and solar power projects in the UK to be put on hold because of a lack of reliability in the amount of energy they can generate.
Norris, whose firm manages with long and short and long-only funds, has written to Jacob Rees-Mogg, Secretary of State for Business, Energy, and Industrial Strategy calling for a pause “pending an official enquiry into intermittency and our ability to usefully store excess energy generation on windy and sunny days”.
In the letter Norris points out that on
Macro hedge funds surged in September, with strong contributions from currency and fixed income exposures as the US dollar extended record gains, the Federal Reserve increased interest rates in an effort to slow generational inflation, and US equities posted steep, broad-based declines.
The investable HFRI 500 Fund Weighted Composite Index fell -1.5 per cent for the month, though topped declines in US equities by over 700 basis points, as strong Macro performance was offset by declines across Equity Hedge, Event-Driven, and Relative Value strategies, according to data released today by HFR®, the established global leader in the indexation, analysis and
Millennium Management, the $58 billion hedge fund firm founded by Izzy Englander, has completed its plan to lock up client capital for longer by returning ing an additional $15 billion to investors, according to a report by Bloomberg.
The report cites unnamed sources as confirming that the money is from a share class that can be redeemed in full over a year. The same amino was returned to investors last year as part of a lock-up plan that has been running since 2018.
Investors can now choose to re-invest their funds in an alternative share class that only allows withdrawals
Recent market chaos has helped quant hedge funds make big gains with some now on track to rack up record annual returns, according to a report by Financial Advisor.
Kwasi Kwarteng’s mini budget of unfunded tax cuts sparked a dramatic plunge in pound and sharp rise in bond yields last month, providing further trading opportunities for the algo-driven funds, which who are designed to quickly pick up on momentum trades.
Among the big winners were Aspect Capital’s Diversified Programme, which returned 5.2% taking YTD gains to nearly 44%, according to an investor document, while the Tulip Trend Fund rose more
Systematic Alpha GP, an affiliate of Systematic Alpha Management (SAM) which manages the Systematic Alpha Intraday Trading Program, has launched the Systematic Alpha Cryptocurrency Arbitrage Fund trading pure arbitrage in digital assets on major cryptocurrency exchanges.
The fund started trading in May 2022, employing a proprietary pure arbitrage crypto strategy, which has been traded live using proprietary capital since February 2020. The seed capital for the Fund came from Bequant – an Institutional Prime Broker and Exchange which was recognised by HedgeWeek as the Best Digital Assets Prime Broker in 2022.
The fund trades exclusively bitcoin and ether futures and
Man Group has extended it’s funding for the the Oxford-Man Institute of Quantitative Finance (OMI), a centre for interdisciplinary research in financial markets established in conjunction with Oxford University, for a further five years until at least 2027.
This extension takes Man Group’s commitment to 20 years of continuous funding and underscores the firm’s commitment to machine learning research in quantitative finance.
The OMI opened in 2007, bringing together leading quantitative finance academics and research students alongside Man Group researchers based in the co-located Man Research Laboratory (MRL). The dual academic-commercial environment provided by the OMI and MRL was
Dan Yu, founder of research firm Gotham City Research, and Cyrus De Weck, who set up Portsea Asset Management, are teaming up to launch a new short-selling fund, General Industrial Partners, early next year, according to a report by The Financial Times.
The report cites a unnamed source as revealing that the pair are betting that a downturn in markets will help them replicate previous successful short bets against companies including Wirecard and Steinhoff.
Gotham City’s list of past short-selling successes include high-profile wagers against Spanish WiFi provider Let’s Gowex, which later filed for bankruptcy and admitted its accounts had
Said Haidar’s $4.3 billion Haidar Jupiter hedge fund is up 274% so far in 2022 – four-times it’s previous best ever annual performance – having chalked up a 19% gain in September alone, according to a report by Bloomberg.
The fund is one of a cohort of macro funds to have exploited recent market volatility to rack up big gains with the likes of Crispin Odey and Michael Platt also recording record profits. Rokos Capital Management and Brevan Howard Asset Management have also seen double-digit gains so far this year.
Like other rival macro funds, the key to Hiadar’s success
