SuperDerivatives, the derivatives pricing software provider, has been chosen by shipbroker Simpson Spence & Young to improve the alpha returns of its proprietary hedge fund, the Blue Wave Shipping Fund.
The shipbroker will use
SuperDerivatives’ pricing, analytics and portfolio
management tools to manage risk and increase the returns of
Blue Wave’s shipping derivatives operations. The
shipbroker set up Blue Wave to generate absolute returns from
the freight market.
The fund aims to control data from market sources to generate
indicative pricing and perform stress testing, while
maintaining the ability to speedily track its books against the
Baltic Exchange, which publishes settlement prices daily.