Hedgeweek Newsletter

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NEWSLETTER | 16 Nov 2020

Hedge fund launch-closure ratio “heavily skewed the wrong way”, says Sandbar CEO James Orme-Smith

The number of hedge fund launches compared with closures is “heavily skewed the wrong way”, says James Orme-Smith, CEO of Sandbar Asset Management, but he indicated that emerging managers can still overcome the sizeable barriers to entry.

Mon | 16 Nov 2020, 11:44

Galaxy Digital Holdings has acquired two cryptocurrency trading firms: DrawBridge Lending (DrawBridge), an specialist in digital asset lending, borrowing, and structured products, and Blue Fire Capital (Blue Fire), a proprietary trading firm specialising in market-making and two-sided liquidity for digital assets.

Mon | 16 Nov 2020, 11:44

The European Energy Exchange (EEX) plans to launch cash-settled Gas Futures on the European Gas Spot Index (EGSI) as well as associated cash-settled Spark Spreads within the first quarter of 2021.

Mon | 16 Nov 2020, 11:44

The first electronic SOFR versus Effective Federal Funds Rate (EFFR) basis swap compression trade has been executed on the Bloomberg SEF (BSEF).

Mon | 16 Nov 2020, 11:44

By Marc-André Bechet, ALFI – Luxembourg is in a quite unique position as a global funds jurisdiction compared to other financial centres in the European Union. The country enjoys an unrivalled political and economic stability. It benefits from a triple A rating with a stable outlook, which has been re-confirmed in September by the three rating agencies Fitch, Standard & Poor’s and DBRS Morningstar. Luxembourg is one of the ten countries worldwide with a triple A rating. Debt to GDP, although on the rise as a consequence of the current crisis, will soon reach 26 per cent but remains well below debt levels in the EU.

Maintaining momentum and seizing opportunity

Mon | 16 Nov 2020, 11:44

There are several macroeconomic factors which support further growth in the private equity, venture capital and real estate space in Luxembourg. Although events like Covid-19, the Brexit transition, US elections and the US-China trade war may damage this potential, managers can also find opportunity in the turmoil.