Hedge fund that won big shorting U.S. shale is bullish on Canada

After big wins shorting U.S. shale companies last year, one energy hedge fund is turning its sights on the beaten-down Canadian oil sector. The Taiwan Futures Exchange (TAIFEX) is set to provide real-time market data feed from 23 March 2020. Akram & Associates, a boutique Public Accounting Firm specialising in accounting, audit and tax services.

National law firm Seward & Kissel has promoted Kevin Neubauer to partner and Brian Maloney to counsel. After gaining 40% last year, according to a person familiar with the results, Westbeck Capital Management is betting Canadian firms. The global hedge fund industry returned +1.75 per cent in December, bringing aggregate 2019 full-year returns to +9.74 per cent.

The Wilshire Liquid Alternative Index, which provides a representative baseline for how the broad liquid alternative investment. Pearson will serve as a Technical Implementation Analyst, while Al Nasiri will serve as a Client Services Analyst. As the digital currency market matures, a new crypto hedge fund, Circle Fund, has emerged the first to be compliant in Asia.

It’s a better positioned because they don’t need to spend as much as their U.S. counterparts. TAIFEX has implemented continuous trading since 2002, and existing data feed disseminates a snapshot of prices. The firm has also added five additional full time tax and audit professionals in North Carolina office for 2020 tax season.

Jean-Louis Le Mee, chief executive officer says “Canadian oil names are generating gigantic amounts of free cash flows as they aren’t spending money to grow their product”.

Oil fields in Canada aren’t experiencing the rapid rate of production declines that has plagued companies operating in American shale fields. 2019 marked the industry’s best aggregate returns since 2013, when the industry returned +12.58 per cent. The Wilshire Liquid Alternative Index family is a joint offering between Wilshire Funds management.

Canada’s energy industry has seen a wave of financial blows in recent years, driven by a lack of pipeline availability that has choked off growth prospects. Equities surged in the fourth quarter of 2019 across geographies thanks to improvements in investor sentiment. Both Pearson and Al Nasiri will play crucial roles in ensuring that clients are able to effectively use LiquidityBook platforms.

The fourth quarter was punctuated by a ‘Phase One’ trade deal between the U.S. The hires arrive at the firm at a time when an increasing number of fund managers are abandoning their legacy technology. That’s prompted foreign companies to ditch more than $30 billion of assets in the past three years. Russia-focused funds returned +26.69 per cent for 2019, China-focused funds returned +23.15 per cent last year.

The Wilshire Liquid Alternative Multi-Strategy Index includes both single and multi-manager funds. Pearson spent the last 13 years at Schneider Trading Associates, where he most recently served as Head of IT. The company behind Circle Fund has more than five years of experience in both the primary. But a turnaround may be coming.

Among primary strategies tracked by eVestment, Long/Short Equity funds were the big performance winners in 2019. The Wilshire Liquid Alternative Global Macro Index returned -0.09 per cent in December. Al Nasiri joins LiquidityBook from Fidessa, where he served as a Technical Support analyst. It constantly looking for potential employees with core financial industry skill sets.

“It’s just a little bit odd to have energy valuations at all-time lows when S&P valuations are at all-time highs”, said chief executive officer.

Le Mee, who previously co-founded BlueGold Capital Management, said he favors Canadian mid-cap names like MEG Energy. This is quite a turnaround from the -7.01 per cent Long/Short Equity funds returned in 2018. The Wilshire Liquid Alternative Relative Value IndexSM returned 0.89 per cent in December. The global team has a presence in Shanghai, Hong Kong, and New York.

Already there are signs that Canadian players have regained their footing. The appeal for them is the opportunity to work with new and more cutting-edge platforms. The fund has been thoroughly audited and is compliant with various industry authorities. Global compliance and regulation for crypto investment funds are especially important.

The S&P/TSX Composite Energy Index comprises Canadian energy companies, quietly outperformed its U.S. equivalent in 2019 CPA has recently joined Akram CPA Firm after working several years with local and regional CPA firms. The Index returned 1.40 per cent for the fourth quarter. TD Securities maintained an overweight stance on the Canadian energy sector while downgrading U.S. exploration.

Lu Yang, CPA & CFA, is an industry veteran and has started working for Akram in January 2020. The Wilshire Liquid Alternative Equity Hedge IndexSM returned 0.67 per cent in December. TAIFEX conducted a market-wide test earlier this month to verify the quality. The Wilshire Liquid Alternative Event Driven Index returned 0.43 per cent and 1.29 per cent in December.

Le Mee launched Westbeck in 2016 with Will Smith, the former head of natural resources at Michael Hintze’s CQS and Tudor. Neubauer has extensive experience representing sponsors and managers of private investment funds. 2019 saw a revival of crypto prices and a renewal of institutional interest in the crypto market.

The energy fund beat the market as well as many of its peers by wagering against a basket of 12 U.S. shale companies. The other full time professional staff who joined Akram & Associates for 2020 tax season are Annie Kelsey, and Ebony McCoy. Circle Fund has consistently succeeded in outperforming its peers with its innovative investment strategy. Hedge funds on average lagged the 29% gain of the S&P 500 Index.

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