Funds
The managed futures industry posted a -1.33% loss in November following three consecutive months of gains, according to the Barclay CTA Index, compiled by BarclayHedge. Year-to-date, the managed futures industry has returned 8.24%, posting gains in nine of the past 12 months.
The Oregon Public Employees Retirement System has committed a total of around $1.6 billion to 11 alternative investment funds, including hedge funds, according to a report by Pensions & Investments Online.
The allocations were confirmed by the Oregon Investment Council Council, which oversees the pension system’s investments, and the Oregon Common School Fund which it also oversees.
The new commitments include several hedge fund investments including a total of $255 million to Bridgewater Pure Alpha Major Markets II – $250 million from the pension fund and $5 million for the Common School Fund. A total of $207.5 million has also
Franklin Templeton has launched the Franklin K2 ActusRay European Alpha UCITS Fund, the latest addition to its Luxembourg-domiciled Franklin Templeton Alternatives Funds 2 range.Â
Aaro Capital, a specialist in cryptoassets and DLT investments, has launched a second flagship investment strategy – the Aaro Market Neutral Crypto Multifund – an institutional quality fund of funds offering market neutral access to cryptoassets via a diversified, risk-managed approach.
Aaro Capital says the new fund will seek “to capitalise on short term market inefficiencies in a risk-controlled manner while protecting against the high volatility of the asset class”.
The fund will be available to institutional and other professional investors through either a Cayman-based fund or a Luxembourg-domiciled SICAV
The launch of a second fund of funds strategy builds
Belstar Management Company, a global credit investment firm, has launched a new flagship credit fund, Belstar Credit Opportunities Fund, to invest across liquid and private credit opportunities, including both corporate and structured credit assets, globally.
Rokos Capital Management, the hedge fund run by billionaire investor Chris Rokos, is looking to raise up to $3 billion in fresh capital on the back of record gains for its global macro fund, according to a report by Bloomberg.
Oil hedge funds have enjoyed mixed fortunes this year as geopolitical decisions, sparked by Russia’s invasion of Ukraine, have impacted prices making trading difficult and markets subject to heightened volatility, according to a report by Reuters.
While process spiked briefly, hitting a 14-year high of almost $140 a barrel in March, Brent and US oil futures have now given up all of this years gains leaving many funds way off their annual highs.
The report cites Doug King, who runs the $390 million Merchant Commodity Fund as saying that his fund avoided steep losses by trading other commodities not attached
Digital assets-focused quantitative hedge fund firm Presidio Trading, is planning to spin out its existing cryptocurrency market tail risk strategy into a separate, standalone fund, according to a report by CoinDesk.
Maitri Capital, an FCA-regulated hedge fund firm, has launched two Web3 and digital assets market funds, which will look to make investments in a diverse portfolio of asset classes.
The first fund will target investments in both locked and unlocked tokens, equity, staking programmes and liquid tokens, while the second fund will focus on backing non-fungible tokens (NFTs), decentralised finance (DeFi), and metaverse projects, as part of a portfolio diversification strategy.
In a statement Maitri said it wants to provide investors with “an investment entry point into the most promising projects the blockchain space has to offer”.
Maitri was formed
Hedge fund redemptions grew in September to $48.59 billion (0.98% of industry assets), according to the Barclay Fund Flow Indicator published by BarclayHedge. A $185.16 billion trading loss during the month brought total hedge fund industry assets to $4.71 trillion as September ended.
