Funds
Heavy losses have prompted Dantai Capital to shut down its flagship hedge fund, the Greater China-focused Dantai Master Fund, after the firm concluded the investment strategy no longer works in the current market environment, according to a report by Bloomberg.
Embattled hedge fund firm Odey Asset Management has written to investors saying it is planning to lift the suspension of investment withdrawals from its Brook Developed Markets Fund, according to a report by Reuters.
Odey Asset Management is in talks with Green Ash Partners over the transfer of a special situations fund run by portfolio manager Adrian Courtenay, as the firm continues to reorganise after sexual assault allegations against founder Crispin Odey, according to a report by Reuters.
The report cites an investor letter seen by Reuters as confirming that while discussions are at an advanced stage, any transfer of the $83 million fund remains subject to due diligence as well as board and regulatory approvals.
The discussions follow earlier moves by the London-based hedge fund firm to rehouse its funds managed by
Schroders has partnered with New York-based hedge fund firm Select Equity Group (SEG) to launch the latest fund in its GAIA platform, Schroder GAIA SEG US Equity, a long-biased US equity long-short UCITS vehicle.
New hedge fund launches were steady in the first quarter of 2023 with an estimated 93 new funds making their debut, as managers positioned for opportunities in technology, artificial intelligence, and cryptocurrency, according to the latest HFR Market Microstructure Report.
Odey Asset Management is planning to restructure one of its oldest funds as part of wider efforts to deal with the fallout from the ouster of founder Crispin Odey following allegations of serial sexual misconduct, according to a report by The Financial Times.
Odey Asset Management is winding down a second fund – the LF Odey Portfolio Fund, which was suspended earlier this month – because of mounting redemption requests from investors stemming from the multiple allegations of sexual assault made against founder Crispin Odey, according to a report by Bloomberg.
16Rock, an affiliate of New York-based SEC-registered investment advisor 16th Amendment Advisors, is launching a new actively managed, unconstrained, absolute return strategy, which will look to capitalise on opportunities in the “highly fragmented” US municipal bond market.
Under the leadership of chief investment officer James Pruskowski, previously global CIO for municipal bonds, institutional & wealth management at BlackRock, and portfolio manager and chief executive officer Jed McCarthy, the fund is launching on 1 July with internal seed capital of $4 million.
The strategy, which has an expected allocation up to 50% in taxable municipal bonds, and 25% in high yield
Cryptanium has launched Cryptanium Fund I, a new Cayman Islands regulated digital assets hedge fund with a strategy focused on “capital appreciation through deployment of trend-agnostic digital asset strategies seeking to capture yields and timed opportunities”.
Oil trader Pierre Andurand’s main hedge fund, the Andurand Commodities Discretionary Enhanced Fund, which makes leveraged bets, fell by another 7% this month, taking year-to-date losses to a record 51%, according to a report by Bloomberg.
