Investcorp-Tages has launched a new systematic short-term UCITS fund with Eckhardt Trading Company (ETC) with USD115 million in AUM, seeded by Quilter Investors.
Launches & Fundraising
Hedge fund launches at “historically low” levels despite Q2 recovery, but liquidations ease following Covid crash
The rate of new hedge fund launches grew between April and June following the coronavirus-fuelled first quarter slump, as hedge fund performance recovered – but the number of new roll-outs over the past 12 months remains “historically low”, Hedge Fund Research says.
Licensed fund manager, The Panxora Group, is now accepting subscriptions for the launch of a quantitative hedge fund designed to generate profits from the rapidly growing decentralised finance or (DeFi) token market. The fund will start trading on Monday, 2 November, 2020.
Tellworth Investments has launched the The Tellworth British Recovery & Growth Trust, which commenced its initial public offering on 16 September 2020.
Hickory Lane Capital Management, a New York-based fundamental equities-focused investment manager, is tapping into opportunities across the TMT, industrials and consumer sectors with a new long/short equity strategy, which has launched with USD100 million in assets anchored by asset management seeder Investcorp-Tages.
ThirdYear Capital, a Munich-based quantitative macro specialist, has paired up with Cologne-based fund initiator Agathon Capital to unveil a new systematic global macro hedge fund strategy which targets opportunities stemming from short-term economic data trends.
Hedge fund specialist Theta Capital Management has launched a new multi-manager fund vehicle for investors to access distressed credit market opportunities. Theta Capital has been waiting for the right time to capitalise on distressed markets and with Covid-19 causing such dislocation in the global economy, the firm feels now is the right time to invest with a select number of distressed managers.
Arisaig Partners, the USD3.8 billion ultra long-term public equities investment boutique, has unveiled a new impact strategy, the Arisaig Next Generation Fund, which targets listed businesses in emerging and frontier markets that are generating positive social and environmental impacts for the world’s major underserved populations.
Somerset Capital Management, a global emerging markets specialist investment manager, has launched a new strategy which aims to capitalise on the growth potential among small and medium-sized ESG-friendly companies in emerging market countries.
Project One, a 'next generation' AI-powered hedge fund has set it sights on generating returns similar to Renaissance Terchnologies' fabled Medallion fund, the granddaddy of quant funds.