Funds
Crispin Odey has closed three funds, including his flagship European fund, to new investors having chalked up record gains so far this year, according to a report by Bloomberg. Odey wants to keep assets at a manageable level after the main European fund gained 193% on the back of turmoil in the UK gilt market.
David Hu and Aaron Mayer, founders and GPs of Open Heart Capital, a market-neutral, fully-automated, quantitative cryptocurrency hedge fund, have committed to donate a “large percentage” of the fund’s performance fee to “highly effective” charities.
Mayer and Hu, who met through the effective altruism community, a group of people who use evidence and data science to determine how to maximally benefit society through philanthropy have decided that much of the fund’s profits will be directed towards promoting global health via the Against Malaria Foundation, where a $2.50 donation can manufacture and distribute an insecticide-coated mosquito net that can prevent someone
Eric Sturdza Investments, an independent asset management firm that provides actively managed strategies to institutional and wholesale clients, has partnered with Boston-based Crawford Fund Management to launch the Strategic Long Short Fund.
The Strategic Long Short Fund is a long-short equity fund that benefits from a unique combination of fundamental equity analysis and options analysis.
The fund’s long portfolio focuses on ‘undiscovered, underfollowed’ securities with a strong emphasis on owner-operated companies, where management’s incentives and compensation are closely aligned with investors. The short book relies on two well-honed strategies: hand-picked, single-name put options on young companies with unproven business
Neuberger Berman has launched the Neuberger Berman Event Driven Fund, a UCITS vehicle which will be run by an experienced senior portfolio investment team with 23 years of average experience.
Macro hedge fund LHG Capital Management has closed its newly structured closed-ended flagship fund, LHG Premium Investments Fund, at €450 million, 50% higher than the original €300 million target.
Lendary Asia Capital, a Hong Kong and Germany-based investment management group, has expanded its offering of alternative investment strategies with the launch of a new Crypto Alternative Debt fund.
Built on the success of the Lendary.net automated margin lending platform, Lendary Asia Capital’s latest multi-strategy alternative credit fund is focusing on yield opportunities across the digital asset space without investing in any cryptocurrency, keeping the risk and volatility level as low as possible.
The fund actively manages multiple credit strategies, including short-duration credit and liquidity provision to digital asset banks, centralised exchanges and hedge funds in the digital asset space.
Arca almost doubled sales for its flagship crypto hedge fund in one year despite going public about its exposure to the Terra ecosystem which collapsed in May of this year, according to a report by CoinDesk.
Investors have been showing a growing interest in macro strategies, given their performance potential within the broader challenging macroeconomic environment. Within this context, emerging macro funds have the capacity to grow, as investors hunger for pure macro allocations at a reasonable cost.
A collapse in the share price of Meta which fell by 24% after the Facebook owner revealed that profits have halved to $4.5 billion, has netted short sellers with a gain of $1 billion, according to a report by the Telegraph.
Hedge fund exposure to US junk bonds has hit its highest level since the start of the global pandemic according to a report by Bloomberg. Pension funds meanwhile have cut their holdings in response to concerns about corporate debt.
The report cites data from Barclays as showing that that hedge funds have increased their holdings in high-yield bonds from 12.4% last year to 14.5 per cent currently, following a 26% fall in total junk market value.
Pension fund allocations meanwhile, have fallen by more than 20% this year to around pre-pandemic levels, according to the data, while insurance companies have
