FUND LAUNCHES

Pictet eyes long-term growth stocks with new market neutral global equities hedge fund launch

Pictet eyes long-term growth stocks with new market neutral global equities hedge fund launch

Pictet Asset Management, the investment management arm of the Geneva-headquartered wealth management giant Pictet Group, has unveiled a new market neutral global equity hedge fund which trades liquid US and European stocks, with a low correlation to broader equity markets.

OUTLOOK

Outlook “bright” for hedge funds as industry seizes on surging volatility, JP Morgan Asset Management officials say

Outlook “bright” for hedge funds as industry seizes on surging volatility, JP Morgan Asset Management officials say

The immediate outlook for hedge funds is “very bright”, with elevated volatility at an “optimal” level for macro and relative value strategies in particular, JP Morgan Asset Management’s alternatives team said this week.

RESULTS

Hedge fund giant Man Group sees assets fall 8 per cent in first half, as coronavirus crisis creates performance challenges

Hedge fund giant Man Group sees assets fall 8 per cent in first half, as coronavirus crisis creates performance challenges

Man Group has seen its funds under management tumble 8 per cent this year, as investment performance took a hit and investor redemptions spiked during the coronavirus crisis - but CEO Luke Ellis says the London-headquartered publicly-traded hedge fund group remains well-positioned despite 2020’s ongoing challenges.

UCITS FUNDS

R G Niederhoffer launches alternative UCITS fund on Kepler platform

R G Niederhoffer launches alternative UCITS fund on Kepler platform

R G Niederhoffer Capital Management, the New York-based quantitative trading advisor that employs a short-term contrarian investment strategy, has launched an alternative UCITS version of its flagship fund on Kepler Partners’ KLS UCITS platform. Kepler Liquid Strategies was established in 2016 and now has seven sub-funds with a combined AUM north of USD900 million.