Funds
After eleven straight months of redemptions, hedge fund industry flows reversed course in January as the industry posted $3.94 billion worth of net inflows, equivalent to about 8 basis points in asset growth, according to the Barclay Fund Flow Indicator published by Backstop-BarclayHedge.
A $151.82 billion trading profit in January brought total hedge fund industry assets back over the $5 trillion threshold to settle at $5.05 trillion.
“After a string of monthly redemptions reaching back to April, investors turned the page in January and began returning to hedge funds,” said Ben Crawford, Head of Research at Backstop-BarclayHedge. “It was
Schuss Capital, a New York-based hedge fund that specialising in arbitrage strategies, has launched a new fund, with a target of $300 million, which will employ a small-cap merger arbitrage strategy.
New York-based hedge fund firm Mass Ave Global, has written to investors informing them that it has decided to liquidate its China and Asia-focused funds and close its office in Hong Kong, according to a report by Reuters.
In a letter to investors in the firm’s flagship Mass Ave Global Partners fund, seen by Reuters, the firm wrote: “After careful consideration, we have determined that it is in the best interest of the master fund, the offshore fund and the US fund that all investors will be compulsorily redeemed and withdrawn.”
While not specifying a reason for the fund closures,
Nomura Private Capital has launched its first investment product, the Nomura Alternative Income Fund, which it says marks a significant milestone in the firm’s global push into private markets. Nomura has provided an initial $100 million to seed the fund.
South African retail investors are increasingly including hedge funds in their investment portfolios as they look to mitigate the effects of ongoing market volatility and high inflation, according to a report by News24.
The report cites figures from the Association of Savings and Investments South Africa (ASISA) as revealing that the country’s hedge fund sector enjoyed “unprecedented” growth of 30% over the past year, attracting ZAR5.33 billion of new money during 2022, including ZARR4.19 billion from individual or retail investors.
According to a data from HedgeNews Africa, the funds have proved their worth as a valuable source of return diversification
Ironshield Capital, a London-based European credit hedge fund manager, has launched the Ironshield Credit Opportunities Fund, a closed-end vehicle which look to take advantage of opportunities materialising in private credit and illiquid public credit.
Pierre Andurand’s main hedge fund has lost about 40% since the start of 2023 after the banking crisis caused panic in commodities markets, making the famed oil trader one of the hedge fund world’s biggest losers so far this year, according to a report by Bloomberg.
Aperture Investors, the $4bn New York-based hedge fund firm founded by Peter Kraus, has launched the Aperture Emerging Debt Opportunity Fund, which will employ a value-oriented fixed-income strategy and invest in corporate, sovereign, and quasi-sovereign debt securities of selected emerging markets.
A portion of the fund was seeded by Generali and is available to investors in certain countries within the European Union.
According to Aperture, the objective of the fund is to generate returns in excess of the JP Morgan Emerging Markets Bond Index Global Diversified (EMBI Global Diversified Index) by investing, either directly or indirectly, in different financial asset
Wild swings in the bond markets have proved a big problem for Said Haidar with his flagship Jupiter macro hedge fund set to record its biggest-ever monthly loss since its inception over two decades ago, according to a report by Reuters.
Unnamed Reuters sources have revealed that on Friday, the fund was down by almost a third (32%) for the month, taking year-to-date losses to 44%, a sharp reverse for Haidar’s clients who saw their investments return 193% last year.
According to one Reuters source, Haidar, who is known for his highly leveraged strategy, took a big hit on his
Emerging markets hedge funds surged in January, extending Q4 gains driven by rising US rates and continuing generational inflation, according to the HFRI 500 Emerging Markets Index, which jumped +4.9% over the month with gains seen across equity hedge and cryptocurrency exposures.
HFR says EM hedge funds continued to navigate unprecedented uncertainty associated with the ongoing military conflict in Ukraine, with the HFRI EM: Russia/Eastern Europe Index falling -11.9% in December 2022, bringing the Full Year 2022 decline to -40.3%; the Index advanced +2.1% in January to begin 2023.
The investable HFRI 500 Fund Weighted Composite Index, which includes funds
