Funds
London-based hedge fund Fasanara Capital has teamed with an investment bank focused on sports-related investments to create a new product that aims to make a profit from the player transfer market, according to a report by Bloomberg.
Cinctive Capital Management, an alternative investment multi-manager platform, has launched a new global long-short quantitative trading strategy which will be overseen by Thong Nguyen, founder and chief investment officer of Olympiad research as part of a multi-year exclusive agreement between the two firms.
Hedge funds got the year started on an upbeat note, with over three quarters of all funds (78.2%) administered by Citco delivering positive returns in January. Overall, funds achieved a weighted average return of 3.6%.
All types of strategies saw positive performance, apart from Commodities, with a -0.3% decline.
Event Driven funds performed best at 6.7%, followed closely by Multi Strategy at 4.4%, Equities at 3.6% and Fixed Income Arbitrage at 3.3%.
Positive gains were seen across all AUA categories, with funds of $1 billion to $3 billion achieving the highest weighted average return of 4%, followed by the $3
BFAM Partners, the Hong Kong-based investment firm founded by Benjamin Fuchs, could be on the road to recovery after a troubled 2022, with the both the firm’s main hedge fund and a side pocket of illiquid Chinese credit recording gains in January, according to a report by Bloomberg.
Following the receipt of CSSF approval at the end of November, iM Global Partner has now launched the iMGP DBi Managed Futures fund for European investors, which aims to replicate the pre-fee performance of a representative basket of leading managed futures hedge funds in a UCITS wrapper.
By targeting the performance of a portfolio of hedge funds, split between different sub-strategies, the fund, which has been launched in partnership with hedge fund replication specialist Dynamic Beta Investments (DBI), seeks to minimise single manager risk.
DBi is the sub-Manager of the iMGP DBi Managed Futures fund, a new sub-fund of
Active Digital, a new digital asset hedge fund firm, has launched with a team of experienced traders providing a collective 27 years of crypto trading experience. The firm has already begun trading with personal capital and is seeking investments from funds of funds and family offices.
Active Digital takes a systematic approach to crypto trading with a market neutral fund and a long-short fund. The market neutral fund employs statistical arbitrage and basis trading strategies, utilising proprietary execution software that is designed to be adaptable to changing market conditions and new strategies.
The long-short fund is a fully systematic, quantitative
AIFs and UCITS saw net outflows of €278 billion in 2022, compared to net inflows of €888 billion in 2021, according to the latest monthly Investment Fund Industry Fact Sheet Net from the European Fund and Asset Management Association (EFAMA). Assets of European investment funds meanwhile, declined by 12.4%, to drop below the €20 trillion threshold.
According to EFAMA’s data, UCITS suffered net outflows of €175 billion in 2022, the first annual decline since 2011.
Net sales of AIFs, meanwhile turned negative for the first time ever (€101 billion). EFAMA says this was due to the decision taken by several pension
Melqart Asset Management has launched a new fund on the Investcorp-Tages UCITS platform, the Melqart Event Driven UCITS Fund. Melqart Asset Management was founded in 2015 by Michel Massoud and currently manages $1.7 billion on behalf of a global client base, which includes some of the world’s pre-eminent hedge fund investors.
The BlackRock Strategic Equity Hedge Fund, which is run by money manager Alister Hibbert, is reopening to additional investment for the first time since 2019 and targeting an additional $1bn in funds after chalking up a record annual loss in 2022, according to a report by Bloomberg.
Hedge funds’ strong performance in January has been backed by numbers from another provider, with Bloomberg data providing more evidence that funds caught the upswings in equities and cryptocurrencies.
