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New data from AIMA’s most recent confidence index has revealed that confidence among North American and Canadian hedge fund managers was down 42 per cent from its last peak in the second quarter of 2021, according to a report by Institutional Investor.
In Asia, businesses only dropped 19 per cent, but managers remain wary.
Despite market turbulence making markets favourable, with inflation, rising interest rates, and war in Ukraine, managers across the US and Asia Pacific regions are nonetheless losing confidence in future business opportunities.
Some 90 per cent of hedge funds remain confident about their business prospects for the
Hedge fund managers just starting out can sometimes underestimate the significance of selecting a law firm to assist in their fund launch. Selecting a firm solely based on cost can set a fund back and potentially turn out to be a more costly exercise, if the initial advice is fails to understand the manager or the market place – it’s not just about getting the law right.
Derivatives marketplace CME Group and CF Benchmarks, a provider of cryptocurrency benchmark indices, are to launch 11 new cryptocurrency reference rates and real-time indices, which will be calculated and published daily by CF Benchmarks, beginning 25 April.
These reference rates and indices are not tradable futures products. They are: algorand (ALGO); bitcoin cash (BCH); cardano (ADA); chainlink (LINK); cosmos (ATOM); litecoin (LTC); polkadot (DOT); polygon (MATIC); solana (SOL); stellar lumens (XLM); and uniswap (UNI)
CME CF Reference Rates and Real-Time Indices are based on robust methodologies that have regular expert oversight and are designed to meet the growing need for
The Aaro DLT Multifund achieved an annual return of 177.2 per cent in 2021, outperforming the wider crypto market (MVIS 100) by 42.8 per cent and bitcoin by 117.7 per cent.
The fund’s Sharpe Ratio of 2.6 was also superior to that of the MVIS 100 index (1.8) and Bitcoin (0.8).
The Aaro DLT Multifund, launched in May 2020, is one of the first fund of funds seeking to exploit investment opportunities in DLT/blockchain-related technologies and cryptoassets. The aim of the fund is to deliver sustainable growth and risk-adjusted returns while protecting against the markets’ short-term volatility.
The Aaro DLT Multifund is open to professional investors only.
Lakemore Partners and its group entities (Lakemore), a private credit investment firm primarily investing in control CLO equity, added Howard Tiffen to its Board of Directors as an independent board member.
Tiffen is a recognised loan and CLO industry leader with more than 40 years of credit, portfolio management, and product experience. He began his career in the high yield and structured capital markets in 1972 and has held senior credit management positions at Continental Bank, Bank of America, Pilgrim Investments (now Voya Investment Management), Van Kampen (now Invesco), and Morgan Stanley Investment Management.
Tiffen holds an AM from
Over half of new ESG jobs at hedge funds over the past two years have been filled by women, according to a report by Bloomberg.
The report cites a study by HFObserver, an online employment data platform focused on the alternative asset management industry, as the source of the information, with the 50 per cent figure said to be far in excess of the overall rate of female appointments in the hedge fund sector.
Globally, women accounted for 49.6 per cent of all ESG roles, compared with 29 per cent for overall hedge fund appointments in general.
The Intraday market has been the main growth driver on the European Power Spot market during March, contributing 10.7 TWh to the total volume of 52.0 TWh during the last month, according to the European Energy Exchange (EEX).
The development of the European Power Derivatives market (352.8 TWh) was driven by the growth of the French Power Futures (+56 per cent), the Belgian Power Futures (+505 per cent) and the Nordic Power Futures (+108 per cent).
Power Options increased by 8 per cent to a volume of 5.1 TWh.
US Power Futures reached their second highest volume with 303.9 TWh,
A successful short bet on government bonds helped Crispin Odey’s flagship hedge fund to a 15 per cent gain in March, according to a report by Bloomberg.
The report says that a recent investor update issued by the company reveals that the fund, Odey European Inc, is now up 53 per cent so far in 2022.
Bloomberg says that a separate investor letter shows that the firm’s leveraged short exposure to bond trades stood at almost 500 per cent of the fund’s NAV at the end of February, through bets on two UK government securities that mature in 2050 and
New trends – from technology and data to digital assets and ESG – are transforming the way hedge fund firms invest and operate. What new innovations, products and services are prime brokers offering to keep pace with this evolution?
Derivatives market place CME Group achieved quarterly international average daily volume (ADV) of 7.3 million contracts in Q1 2022, up 18 per cent year on year.
Reflecting all trading reported from outside the United States, this volume was driven largely by growth in Equity Index products, up 31 per cent, and Interest Rate products, up 19 per cent.
In Q1 2022, Europe, Middle East and Africa ADV hit 5.1 million contracts, up 17 per cent from Q1 2021. This was driven by a strong performance in Equity Index products and Agricultural products in the region, up 29 per cent and
