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The hedge fund and alternative investment sectors now have a vital role to play in boosting UK growth and innovation as the country recovers from the economic impact from Covid-19 and readjusts to life outside the EU, the Alternative Investment Management Association and Alternative Credit Council have said.
AIMA, the global hedge fund industry trade body, and its private credit affiliate the ACC, have published a new policy paper setting out how, in practical terms, the industry can support the UK government’s goals in increasing economic growth, boosting productivity and levelling up across the UK.
The policy objectives, which cover
Hedgeweek, in partnership with Bloomberg, is starting the analysis of US and Americas-based hedge fund performance ahead of the annual Hedgeweek Americas Hedge Fund Awards. Hedge funds who wish to be considered for the awards must have a fund profile on Bloomberg’s Hedge Fund Database by 25 June, 2021.
The recent spate of victories by sustainability-focused shareholder activists against oil giants could spark renewed price volatility, heralding outsized opportunities for hedge funds betting on energy markets.
Optiver, a market specialist in S&P derivatives, welcomes CME’s move to make options on its flagship E-mini S&P 500 futures contracts eligible for block trading. Block trading combines the benefits of direct liquidity sourcing with electronic execution to provide end users with the ability to transact during an extended 23-hour trading day. This move will broaden market access for institutional users, boost liquidity and strengthen market structure.
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Marex, a tech-enabled liquidity hub for participants in global commodities and financial markets has selected Genesis to fully digitise middle office workflows for its new equities market making business.
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LiquidityBook, a software-as-a-service (SaaS)-based provider of buy- and sell-side trading solutions, has appointed Sayant Chatterjee as Chief Operating Officer.
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Paradigm Governance Partners, a governance and financial services firm with a presence in the Cayman Islands and the US, has hired an experienced fiduciary professional to assist the business and to provide support to its compliance and regulatory team.
Tanya Jamieson joins Paradigm after several years working for Intertrust Corporate Services (Cayman) in a senior fiduciary role. She provided corporate secretarial and board support to an extensive portfolio of clients, which included some of the world’s largest Fortune 500 groups. She also worked closely with the unit trust team and the management board of Intertrust.
Prior to working for Intertrust,
Kepler Partners has successfully launched the KLS Athos Event Driven Fund on its Kepler Liquid Strategies UCITS platform, raising over USD70 million of external capital for this new alternative UCITS fund.
The KLS platform now has six funds and assets under management of USD1.4 billion.
The KLS Athos Event Driven Fund is managed by Athos Capital Ltd from their offices in Hong Kong, and follows the firm’s flagship, equity-biased Asian event driven strategy. The strategy focuses on short- dated and liquid hard-catalyst events, with a significant weighting to Asia. The firm’s flagship fund, upon which the UCITS is based has
The Power Spot markets, operated by EPEX Spot, increased by 3 per cent in May 2021 to a total volume of 52.7 TWh (May 2020: 51.2 TWh).
The Intraday markets mainly contributed to these results, registering a 27 per cent growth to 10.6 TWh (May 2020: 8.4 TWh) and posting new records on the Austrian (416.8 GWh) and Dutch (471.6 GWh) markets.
European Power Derivatives markets grew by 24 per cent in May and reached 391.8 TWh (May 2020: 315.5 TWh). While the Spanish (25.8 TWh) and Greek (2.0 TWh) markets posted new highs, the German, Austrian and Swiss markets
CIAM, the London- and Paris-based activist hedge fund, has launched a fierce attack on reinsurance firm SCOR SE’s corporate governance and management succession plans, and is calling for shareholders to vote against the re-election of chairman Denis Kessler and board directors and to oppose proposed remuneration policies at the company’s AGM later this month.
The activist hedge fund, which wrote to SCOR last year to address “significant corporate governance deficiencies”, has welcomed the separation of the roles of chairman and CEO following the departure of Kessler as CEO.
But in a letter addressed to SCOR’s board of directors and Augustin de
