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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
Appital has integrated with FactSet’s Enterprise Execution Management System (EMS), giving clients access to Appital’s bookbuilding platform.
The integration of Appital’s bookbuilding platform in FactSet’s Portware Enterprise EMS automates what has traditionally been a highly manual process, while at the same time giving buyside traders the ability to place very large orders or participate in unique liquidity opportunities.
FactSet, a global provider of integrated financial information, analytical applications, and industry-leading service, has a strong history of innovation, and its multi-asset class Portware Enterprise EMS helps the world’s largest asset managers and hedge funds navigate the challenges of complexity and scale
Alternative investment platform CAIS has secured a USD100 million investment from Reverence Capital Partners.
The raise is a continuation of the company’s USD225 million round in January, led by Apollo, Motive Partners, and Franklin Templeton which resulted in CAIS’ enterprise valuation exceeding USD1 billion.
Milton Berlinski, Managing Partner at Reverence Capital Partners, also joins CAIS’ Board of Directors, effective immediately.
The new investment accelerates CAIS’s mission to modernise how independent financial advisors learn about and gain access to alternative investments.
SteelEye, a compliance technology and data analytics firm, has launched a new Order Book Replay service, which is designed to facilitate more precise and rigorous market abuse surveillance.
The tool enables organisations to playback a trading session and more thoroughly analyse market movements, allowing compliance teams to play, pause, rewind, fast forward, slow down and speed up order book activity to gain a full understanding of what has taken place – visually showcasing the overall balance of the book against market price levels and spreads.
The solution also highlights where trading activity might be indicative of market abuse behaviours like
Hedge funds risk being caught in Phase 6 of the Uncleared Margin Rules (UMR) without adequate preparation owing to continued uncertainty over whether they are in scope, according to a report from Acuiti.
In the face of a “perfect storm” of increased margin requirements, funds are also being impacted by market volatility, which is forcing them to meet collateral demands through negative steps, such as holding back cash or assets or reducing margin-intensive strategies, that reduce fund performance.
The report, Margin Management for Hedge Funds: An Increasingly Complex Calculation, was commissioned by Cassini Systems, and based on a survey
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