Funds
Hedge fund saw net outflows of $21 billion in September, more than twice the usual September average recorded between 2014 and 2021, according to the latest asset flows report from eVestment. September was also the fourth consecutive month negative hedge fund flows.
There report highlights that although 2022 started well in terms of inflows, by the end of Q3, net outflows reached $63 billion, putting 2022 on track for the second-largest annual net outflow since 2009.
The highest redemptions in September were from macro, long-short equity, and multi-strategy funds, with a total of $5.2 billion withdrawn from macro funds despite
Brevan Howard Asset Management is preparing to launch a new share class for some clients of its main hedge fund strategy which will allow it to introduce so-called “pass through” fees, according to a report by Bloomberg.
The report cites unnamed sources and regulatory filings as confirming that the fund intends to use the new share class to raise additional money for its main $10 billion strategy which has till now been closed to new investment.
Many large hedge fund companies that employ multiple, traders to run a range of divers strategies are starting to replace or supplement their standard
Hedge funds have slashed their portfolio leverage this year according to a report by Bloomberg which cites data from Goldman Sachs’ prime brokerage as revealing that net leverage, a measure of industry risk appetite that takes into account long versus short positions, has fallen by almost 20 percentage points to a year low of 66%.
Warburg Invest AG and Alpha Centauri have partnered to launch the Climate Smart Europe Long/Short Equity fund, which employs a largely market-neutral investment strategy in approximately 60 European equities and aims to benefit from a transition into a more climate-neutral world.
The fund is classified as an “Article 9” fund under the EU disclosure regulation.
Stock selection follows a rule-based process in which relative attractiveness is determined by a low-carbon factor and several well-known equity factor premiums such as momentum, value and size. Long positions are dominated by stocks of companies with low GHG emissions and positive factor characteristics, while
A group of hedge funds have told a UK judge that Argentina had a “propensity” to manipulate economic data to save billions of dollars. The accusation came as part of court case linked to payments the four funds are due on instruments linked to Argentina’s GDP, according to a report by Reuters
Palladian Partners, HBK Master Fund, Hirsh Group and Virtual Emerald International Limited, first filed their suit in 2019, claiming Argentina owed payments linked to euro-denominated securities linked fating back to 2013. The funds are seeking damages of up to €643 million at London’s High Court basing their case
As a result of the volatility and positioning for generational inflation and increased likelihood of an economic recession, institutional investors withdrew an estimated $26.0 billion from hedge funds in Q3 2022, according to the latest HFR Global Hedge Fund Industry Report.
Seasoned short-seller Jim Chanos, who famously exposed – and profited from – the accounting scandal at Enron, has partnered with London-based Green Ash Partners to launch a new equity long/short hedge fund, according to a report by Bloomberg.
Assets at Polymer Capital Management have hit $4.3 billion following a 65% surge so far this year, bucking a wider industry trend of outflows amid ongoing market volatility, according to a report by Bloomberg.
Crypto hedge fund Edge Capital Management, has raised a combined $66.78 million for a US-based fund and a Cayman Islands fund focused on decentralised finance, according to a report by CoinDesk.
The report cites regulatory filings submitted to the US Securities and Exchange Commission on 19 October as revealing that the Edge DeFi Fund LP has raised about $28 million from eight investors since sales opened on 1 February, while the Cayman Islands-based Edge DeFi Offshore Fund has sold about $38.6 million to six investors since opening for sales at the start of October 2021.
Edge Capital hasn’t set any
Broadridge has appointed Stephen Johnston as Managing Director, Client Delivery Operations for Broadridge Fund Communication Solutions (FCS). Johnston will be responsible for all of the client servicing operations of the Fund Communication Solutions business, with Service Leads as his direct reports, and will be supported by FCS’s teams that span Ireland, UK, India and Poland.
