Funds
Versor Investments, a quant investment firm focused on liquid alternatives, has launched the Versor Equity Prism Strategy, which invests in single name stocks and equity index futures across the globe in a market-neutral fashion, to outside investors.
The strategy, which the firm started incubating with partner capital in January of 2022, utilises alternative data, machine learning, and artificial intelligence.
Since its founding in 2014, Versor has employed these technologies, as well as traditional data sources, to identify investment opportunities across global markets. However, Versor Equity Prism places an increased emphasis on the use of Versor’s proprietary methodologies related to these
“Advanced talks” are ongoing between Odey Asset Management (Odey AM) and SW Mitchell Capital over the transfer of the Oliver Kelton and the funds he previously managed at Odey AM to the London-based European equities investment boutique, according to a report by Reuters.
The report cites a letter sent by Odey AM to clients on Tuesday and seen by Reuters as confirming that the funds in question are Brook Continental European, Brook European Focus, and Brook European Focus Absolute Return, plus Odey Pan European, which was taken over by Kelton earlier this month following the ouster of Crispin Odey from
A surge in redemption requests from investors after the ouster of founder Crispin Odey following multiple allegations of sexual assault, has prompted Odey Asset Management to suspend two funds, including the firm’s flagship hedge fund, according to a report by Bloomberg.
Digital asset investment products saw the largest single weekly inflows since July 2022 last week, totalling $199 million, correcting almost half of the previous nine consecutive weeks of outflows, according to the latest Digital Assets Fund Flows Weekly Report from CoinShares.
Bitcoin was the primary beneficiary, seeing $187 million in inflows last week, representing 94% of the total flows, while short-bitcoin saw outflows for the ninth consecutive week totalling $4.9 million.
This positive turn in sentiment didn’t trickle down to altcoins though, with only very minor inflows seen.
Japanese and emerging markets hedge funds extended gains to begin 2023, driven by optimism toward peaking US and global inflation, and the near end of the US-led interest rate increasing cycle, according to the latest HFR Asian Hedge Fund Industry and HFR Emerging Markets Hedge Fund Industry reports.
Toscafund, a London-headquartered specialist asset manager, has launched the Tosca Market Thinking Fund, which the company describes as “an innovative, unconstrained global equity fund” developed by Mark Tinker, CIO Toscafund Hong Kong.
Structured as a combination of a global factor fund (40%) and a global thematic fund (60%), rather than the traditional country and sector approach, the strategy removes stock specific risk by utilising large and liquid ETFs to create a conviction based portfolio, according to Toscafund.
The portfolio includes the five main investment style factors: size, value, quality, momentum and volatility, with the thematic side of the portfolio constructed
Macro hedge funds have enjoyed a renaissance in recent years with the biggest funds – those with over $1 billion in assets under management – showing significant outperformance compared to their smaller sub-$1 billion counterparts, according to a new report from WithIntelligence.
A new study of new hedge funds launched by established managers from private funds industry law firm Seward & Kissel, reveals a sharp divergence in the management fees charged depending on investment strategy.
Hedge funds delivered another month of positive performance in May, although performance dipped month-on-month, with a total weighted average return of 0.4%, according to the latest data from hedge fund administrator Citco.
Net inflows into funds based in the Americas and Europe continued in May, while funds situated in Asia once again saw outflows. Overall, net inflows in May reached $1.9bn, almost four times’ April’s total of $0.5bn, as subscriptions of $7.1bn came in well ahead of redemptions totalling $5.2bn.
A total of 48% of the funds administrated by Citco had positive returns in May, dipping from 65% in
Protium Capital, a hedge fund firm founded by former Hillhouse Capital Management fund manager Lu Ning, has raised between $100 million and $150 million for a new long-short equity fund, making it one of the largest China-focused hedge fund launches so far this year, according to a report by Reuters.
The fund, which is due to begin trading in July, has attracted seed money from Hillhouse founder and billionaire investor Zhang Lei, as well as commitments from business owners, financial institutions and family offices from China and Asia. It is expected to focus on investments in the tech, industrial and
