Funds
BNP Paribas’ THEAM Quant – Cross Asset High Focus fund, which seeks to achieve diversified absolute returns across market cycles using a liquid UCITS vehicle, has reached €600 million in assets under management after launching in November 2021.
Atalaya Capital Management, an investment management firm focused on asset-based private debt and special opportunities, has closed its oversubscribed eighth Special Opportunities Fund with $1.8 billion of commitments from both new and existing partnerships with investors.Â
ICBERG Capital, a company based in Abu Dhabi Global Market (ADGM) and regulated by the emirate’s Financial Services Regulatory Authority, has launched the ICEBERG Alpha Strategies Fund, a US long-short equities hedge fund with a target size of AED200 million (£44 million).
SkyBridge Capital, the hedge fund firm found by Anthony Scaramucci, saw losses in its largest fund of 39% last year after investors asked the firm to return half their money after a series of failed bets on cryptocurrencies and now-bankrupt FTX, according to a report by Bloomberg.
A tokenised version of a global macro hedge fund run by renowned manager Chua Soon Hock has been listed on Singapore-headquartered private markets exchange ADDX, according to a report by Fund Selector Asia.
Through the use of blockchain and smart contract technology ADDX has reduced the minimum subscription size of the Asia Genesis Macro Fund from $1m to $20,000 for investors, while the fund trades exclusively in highly liquid exchange-listed futures and options, providing investors with a monthly redemption option with no lock-in periods.
The fund, which record a Net return for 2022 of +15.3% on a Sharpe Ratio of
CTAs delivered record gains in 2022, the fourth consecutive year of positive performance across all strategy types, according to the 2022 CTA Performance Report from the Capital Consulting group of Societe Generale Prime Services.
Winning interest rate bets helped drive gains at an investment vehicle managed by hedge fund Brevan Howard during 2022 as market volatility and soaring inflation prompted central banks to hike interest rates, according to a report by Reuters.
Light Street Capital Management’s hedge fund racked up one of the industry’s biggest declines in 2022, falling 54% over the year, just shy of Tiger Global Management’s 56% decline, according to a report by Bloomberg.
Two high-profile credit traders, Hamza Lemssouguer and Sofiane Gharred, helped steer their hedge funds into positive territory by the end of 2022, having at one point earlier in the year seen double-digit declines, according to a report by Bloomberg.
The report cites unnamed sources as revealing that former Credit Suisse Group AG trader Lemssouguer’s Arini Credit Master Fund ended the year up 5.7%, while Gharred’s flagship credit strategy at Selwood Asset Management made 0.14%.
Arini was down as much as 16% through September, while Selwood’s flagship fund declined 15% during the first half as short-term credit spreads jumped.
Canadian hedge fund firm Waratah Capital Advisors managed to generate positive returns on most of its products in 2022, including its flagship equity funds, despite its biggest hedge fund posting its first ever annual loss, according to a report by Bloomberg.
The report cites an investor letter as revealing that the Waratah Performance fund, which employs a long-short strategy focussed on North American stocks and has returned 220% since inception, finished the year with a 1 per cent loss, its first negative return since launching in 2010.
Waratah One and Waratah One X, the Toronto-based firm’s two flagship funds meanwhile,
