Funds
Hedge funds gained 0.32% in April, according to the performance of the SS&C GlobeOp Hedge Fund Performance Index for the month. Hedge fund flows as measured by the SS&C GlobeOp Capital Movement Index, meanwhile, advanced 0.16% in May.
“SS&C GlobeOp’s Capital Movement Index for May 2023 shows net flow growth of 0.16% into hedge funds,” said Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies. “This is a quiet month of activity as investors assess the opportunity set of investments in the context of monetary and macro-economic uncertainty.”
The SS&C GlobeOp Hedge Fund Performance Index is an asset-weighted, independent monthly
Tadaoki Kokusai, a multi-platform wealth and asset management firm, has launched the Responsive Alternative Strategies Fund, a hedge fund replication fund which the company says complements its existing hedge fund, private equity, real estate, and diversified alternatives offerings.
Tadaoki Kokusai says the new mutual fund offers daily liquidity and a way for investors to access a wide range of alternative strategies that may be used to supplement traditional equities and fixed income investing.
The fund uses Tadaoki-Kokusai’s hedge fund replication approach, which aims to create returns based on basic underlying hedge fund strategies. The firm says the fund will be
Brahman Capital Corp’s stock-picking hedge fund is to close after over 30 years of trading following losses in the past two years, according to a report by Bloomberg, citing unnamed sources familiar with the matter.
Long-short equity hedge fund manager Peconic Partners has reclaimed the number one spot on HedgeFollow’s Top 20 Best Performing Hedge Funds list, with a three-year performance figure of +191.50%, according to the latest rankings from the hedge fund tracker.
Peconic, which, according to Preiqn was founded by William Harnisch in 1986, currently manages $1.1 billion in two hedge fund strategies – a long-short equities fund and an insurance linked vehicle.
In compiling the Top 20 Best Performing Hedge Funds list, HedgeFollow tracks regulatory filings of over 10,000 institutional investors to independently identify top-performing funds across multiple strategies.
Cryptocurrency hedge fund firm BXB Capital, which is owned by Binance Korea’s co-founders JJ Petersen and Alex Friedberg, is looking to raise $27 million for a new fund, with all capital commitments being made exclusively in bitcoin, according to a report by Fortune.
The new vehicle, which Singapore-based BXB hopes to launch in July of this year, has reportedly so far attracted 400 BTC, around $10 million, from investors.
As well as raising capital in bitcoin, all of the new fund’s trading strategies will also be carried out in the world’s largest cryptocurrency with any investor returns being made in
Maitri Capital is looking to raise $250 million to support the launch of a new AI and machine-learning-powered quantitative trading fund – the Maitri Cento Quant Fund – which the company says will offer an “innovative investment strategy”.
Maitri says the new fund will leverage advanced data science techniques to make data-driven investment decisions in real-time, providing investors with a unique opportunity to benefit from the latest technological advancements in the field.
The Maitri Cento Quant Fund is an Alternative Investment Fund awaiting registration with the UK’s Financial Conduct Authority. The firm is supported by a network of tier one
Hedge funds recorded another positive month in April, with a total weighted average return of 1.1%, taking YTD returns to 5.58%, according to the latest data from Citco, a global alternative investment asset servicer with one $1.8 trillion in assets under administration.
The hedge fund industry built on its prior month’s gains in April, returning 0.41% for the month, according to the Barclay Hedge Fund Index compiled by BarclayHedge. By comparison, the S&P 500 Total Return Index gained 1.56% in April.
For the year to date, the hedge fund industry has returned 2.73% through the end of April. The S&P 500 Total Return Index was up 9.17% over the same period.
Hedge fund subsectors gaining ground in April outnumbered losers by nearly three-to-one. The Emerging Markets MENA Index was the month’s pacesetter, advancing 7.62%. It was joined on the rostrum by
New York-based hedge fund manager Scopia Capital Management is to launch a new market neutral UCITS fund – the Scopia Market Neutral Strategy – on Kepler Partners’ Kepler Liquid Strategies (KLS) UCITS platform at the end of the second quarter of the year.
Syz Group has partnered with Crest, the hedge fund selection arm of Hong Kong crypto manager CMCC Global, to launch SyzCrest Digital Uncorrelated, a new fund of crypto hedge funds, which will be available to investors from 1 July.
The firms say the strategy for fund raising has been designed for the fund to scale quickly to $300 million with capacity options provided to early investors.
Syz Capital, Syz Group’s alternatives business will be the investment manager of the strategy with CMCC Global acting as sub adviser.
SyzCrest is the industry’s first alpha-focused crypto portfolio to be managed by a
