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The recent surge in natural gas prices is helping to generate eye-catching returns for Drury Capital, the long-running US trend-following hedge fund firm led by former grain trader Bernard Drury.
High-net-worth clients from in and around the Southern United States are continuing to favour allocations to an array of niche credit strategies, according to a Dallas-based investment advisor.
Launched in October 2019, the tailored product managed by alternatives provider SYZ Capital, in partnership with Banca March has reached the symbolic milestone of EUR200 million of assets under management – effectively doubling in a year.
The fund has also made, since its October 2019 inception, an annualised return of 5.4 per cent while enjoying an exceptional 1.3 Sharpe ratio, leading its peer group.
Managed by a team led by veteran fund manager Cédric Vuignier, head of liquid alternative managed funds, OYSTER BM Alternativos invests in select equity hedge, event driven, macro and relative value strategies with the aim of
Apex Group Ltd (Apex), a global financial services provider, has launched a Carbon Footprint Assessment & Reporting service to meet growing market demand.
The new offering helps funds and companies to measure the sources of emissions, implement plans to reduce their carbon footprint and provide a mechanism to offset any residual emissions.
The launch coincides with new global research by Apex which found that 91 per cent of private equity leaders believe that Climate Change is an urgent issue, and 81 per cent agree that they and their portfolio companies should take greater responsibility for their carbon footprint.
Kneip, a specialist in fund data management, has appointed Cyril Molitor as its new Chief Operating Officer (COO).
Molitor brings 20 years’ industry experience, having occupied several senior positions at leading financial services institutions, including HSBC, Credit Suisse and AXA. He was most recently the CEO of Woven, a leading outsourcing provider, where he drove technological innovation and delivered service excellence to its clients. Prior to this, he was the Chief Transformation Officer and Director at Innovation Group Business Services, a leading InsureTech company which he set up in South Africa. Molitor is an experienced and accomplished leader with an
Montréal Exchange (MX), Canada’s derivatives exchange, has launched the next phase of its extended trading hours initiative, offering investors in the Asia Pacific region the opportunity to manage their exposure to Canadian markets and execute cross-market strategies in their local time, almost 24 hours a day.
“We are extremely excited to launch this new phase of MX’s globalisation strategy, as we continue to push the evolution of our markets and address the increasing global demand for Canadian derivatives,” says Luc Fortin, President and Chief Executive Officer of MX and Global Head of Trading, TMX Group. “In keeping with the trend
C8, a fintech platform that offers investors the ability to use direct indexing across all liquid asset classes and investment styles, has launched a China Futures Access vehicle for offshore investors.
The strategy, used by C8’s Chinese onshore clients since 2018, provides institutional investors access to some of the world’s fastest developing futures markets via up to 50 commodity contracts.
The pace of innovation in China’s futures markets is accelerating, particularly in the commodity complex. Recent developments include the launch of the Guangzhou Futures Exchange in April 2021, China’s fifth futures exchange, focused on environmental products including carbon futures
Alderwood Capital (Alderwood), a London-based fund manager, has appointed Cathy Jones as a Partner and a member of its Investment Committee.
A senior human capital executive, Jones focuses on all aspects of high value performance management in the asset management sector, with a particular emphasis on succession planning, understanding how investment teams interact and make successful decisions, and sustaining thriving cultures. Alderwood’s investment process places a heavy reliance on understanding the leadership and investment ‘DNA’ of its target businesses and Jones will lead this effort.
Jones was previously a Partner at Northill Capital where she worked alongside existing
Bitfinex Derivatives, a derivatives platform accessible through the Bitfinex digital token trading platform, has launched perpetual contracts for algorand, and ripple bitcoin.
Algorand (ALGOF0:USTF0) and ripple, bitcoin (XRPF0:BTCF0) offer users up to 100x leverage and will be settled in tether tokens (USDt) and bitcoin (BTC), respectively.
“We’re delighted to announce the addition of algorand and ripple, bitcoin to the growing portfolio of perpetual swaps available to trade on the exchange,” says Paolo Ardoino, CTO at Bitfinex Derivatives. “We anticipate great interest in these products, particularly among funds and professional investors for hedging purposes and to manage risk.”
Bitfinex Derivatives platform
Nippon Active Value, a Japan-focused activist fund strategy, has pushed through a management buyout of Sakai Ovex, a Fukui-based dye and textiles company, following an almost year-long engagement campaign, generating a 102.5 per cent return on the position.
Nippon Active Value, which is advised by Rising Sun Management, realised more than double its original investment in Sakai Ovex as a result of the buyout, which is the first and only example this year of a public company in Japan engaged by activists being taken private.
“The untapped value of the business was something we identified immediately and the valuation of
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