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The Preqin All-Strategies Hedge Fund has recorded the second consecutive month of positive hedge fund performance in April to bring 2016 YTD figures into the black for the first time this year. Returns of 1.44 per cent through the month follow gains of 2.40 per cent in March to put performance for 2016 so far at 0.70 per cent, as hedge funds take advantage of calmer economic markets and improving commodity prices.  All leading strategies returned gains through the month, with event driven strategies up 2.17 per cent and equity strategies returning 1.73 per cent, making these the two strategies
The Lyxor Hedge Fund Index was down 1.3 per cent in April with just four out of 10 Lyxor Indices ending the month in positive territory.  The Lyxor Fixed Income Arbitrage Index (+2.2 per cent), the Lyxor L/S Credit Arbitrage Index (+1.0 per cent) and the Lyxor Special Situations Index (+0.7 per cent) were the best performers. In April, dovish central banks and better than expected Chinese data contributed to stabilize markets after the March rally. The credit space was supported on both sides of the Atlantic: in Europe by the ECB announcing its corporate bond purchase program, in the
Risk Premia and Smart Beta, investment solutions traditionally defined as strategies that aim to capture risk-adjusted returns and improve portfolio diversification, remain at the forefront of investors’ agendas. That’s according to a recent survey of investors and intermediaries, primarily institutional, representing close to USD1 trillion of combined assets under management, by Citi’s Prime Finance Capital Introduction team.  Eighty one per cent of respondents are currently investing in, or looking to invest in, Risk Premia solutions, and 83 per cent of those who are currently investing in Risk Premia are doing so through Multi-Factor strategies. The main drivers for Risk Premia
Midwest boutique investment bank XMS Capital Partners (XMS) has launched XA Investments LLC (XAI) to provide a platform in the registered funds space for alternative investments. The firm has hired Kimberly Flynn as Managing Director of Alternative Investments and John McGarrity as Managing Director and General Counsel to build the XA Investments business. Flynn joins the firm from Nuveen Investments where she served as the Head of Product Development for the Global Structured Products Group which is responsible for the development and management of the firm’s closed-end fund complex. McGarrity joins the firm from River Branch Holdings, where he served
361 Capital an investment firm specialising in alternative mutual funds, has named Jason Leupold as its new Vice President of Trading and Research. In this role, Leupold will collaborate closely with the other members of the investment team to research market opportunities and identify trading strategies that systematically exploit inefficiencies, thus helping the firm deliver better investing outcomes for advisors and their clients. Leupold most recently served as a research analyst and market strategist with Boulder, Colorado-based Arches Asset Management, where he specialised in exploiting trends in the commodities market. Leupold also spent nine years working with Crabel Capital Management,
Hedge funds returned 1.19 per cent gross in April according to the SS&C GlobeOp Hedge Fund Performance Index. Hedge fund flows as measured by the SS&C GlobeOp’s Capital Movement Index meanwhile, advanced 0.53 per cent in May. "Hedge funds saw positive net flows this past month, according to SS&C GlobeOp's Capital Movement Index which gained 0.53 per cent for May of 2016, compared to -1.18 per cent in April.  In terms of the year over year comparison, the 0.53 per cent for May was down versus 0.86 per cent for May of 2015, with both inflows and outflows coming in
StepStone Group is to acquire private debt and hedge fund solutions provider Swiss Capital Alternative Investments. Completion of the deal will follow customary regulatory approvals and is expected to close before year end 2016.  Terms of the acquisition have not been disclosed. Swiss Capital is an international alternative asset manager with more than USD5 billion of assets under management offering customised solutions across a variety of platforms to institutional investors, primarily in Switzerland, Germany and Austria. As part of the acquisition, StepStone will launch StepStone Private Debt and StepStone Hedge Funds, which will combine StepStone’s global capabilities and significant institutional
Broadridge Financial Solutions has broadened its Global Post Trade Management (GPTM) solution, adding exchange-traded derivatives functionality through the acquisition of Dojima LLC. Through this acquisition, Broadridge Global Post Trade Management will facilitate central clearing for exchange-traded derivatives, which encompasses connectivity to global clearing houses and exchanges through its global, multi-asset class post-trade solution. Terms of the deal have not been disclosed. Dojima’s solution, rebranded as Broadridge Derivatives Clearing, a component of GPTM, offers a modern, multi-asset multi-tenant clearing and connectivity platform for exchange-traded and cleared OTC derivatives. Its real-time, rules driven, auto-clearing facilities allow trades to flow seamlessly from global
Muddy Waters Capital, an activist investment firm, has appointed Terrence L Ing as Head of Credit.  Ing will identify opportunities for activism within the corporate credit market, including investment grade credits that could re-rate to high-yield, and in companies with financial statements that obscure economic reality through heavy use of financial engineering. Ing will also assist Muddy Waters with expressing its views through derivatives and various securities across the capital structure. Prior to Muddy Waters, Ing served as a portfolio manager and senior analyst for PIMCO's USD3.3 billion Global Credit Opportunity Hedge Fund, where he focused on cross sector credit
April hedge fund returns were generally positive with 2/3 of reporting funds up during the month, but smaller funds outperformed larger managers, a trend which has persisted throughout the year, according to eVestment’s latest Hedge Fund Performance report. Commodity funds excelled in April and distressed funds rebounded for a second consecutive month. There were pockets of losses from macro and large managed futures funds which weighed on industry returns.  Commodity hedge funds produced average aggregate returns of +4.10 per cent in April, bringing YTD returns to +6.01 per cent. The group benefitted from a surge of higher prices across the

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