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Freight hedge fund picks SuperDerivatives

07 September 2010

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.

Read more: SuperDerivatives Simpson Spence & Young hedge funds shipping derivatives

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.