Funds
Odey Asset Management’s hedge fund has now chalked up a huge 193% return so far in 2022, with the London-based firm founded by Crispin Odey making the most of the UK bond and currency markets turmoil sparked by Kwasi Kwarteng’s announcement of a huge package of unfunded tax cuts, according to a report by Bloomberg.
The report cites an unnamed source as revealing that the fund jumped 25% in September last month on the back of Odey’s long-running short bets against UK government bonds and sterling.
YTD gains are now far in excess of the fund’s previous yearly best –
Divya Nettimi, a former Viking Global Investors portfolio manager who oversaw more than $4 billion at the Greenwich, Connecticut-based hedge fund firm, has become the first woman to launch a hedge fund with more than $1 billion of commitments, according to a report by the Indian Express.
The report cites an unnamed sources as revealing that Nettimi, who left Viking Global last year to strike out on her own, has already begin investing the majority of the cash raised by her new firm Avala Global, with the remainder expected to follow in the first quarter of next year.
As
Hedge fund giant DE Shaw & Co is planning to charge up to 40 per cent fees for its three biggest funds, according to a report by Bloomberg. The increase will make the funds the most expensive in the hedge fund industry.
The report cites an unnamed source as revealing that the $60 billion firm, is planning to raise performance fees for its Oculus, Composite and Valence funds by 5 percentage points starting from July. The new fees for the three funds will be 30%, 35% and 40% of profits, respectively, while the fees payable on managed assets will remain
Leucadia Asset Management, the investment arm of Jefferies Financial Group Inc, is providing seed capital to a new hedge fund firm that will focus on trading securities issued by banks, according to a report by The Wall Street journal.
ISO-mts has been launched by long-time investments bankers Justin D’Ercole and Paul Feidelson. The pair first met in the early 2000s at Lehman Brothers and subsequently worked at Barclays and other Wall Street firms where they specialised in the origination and sale of new bonds.
The report cites unnamed sources as revealing that the firm’s new long-short fund, which will bet
Modular Asset Management’s ESG-focused crypto hedge fund is betting that tokens with stronger sustainability characteristics will outperform other digital assets by buying algorand and polkadot, according to a report by Bloomberg.
Speaking in an interview with Bloomberg, Daniel Liebau, chief investment officer, said that in recent weeks, the Modular Blockchain Fund had also increased its holdings of cosmos.
Liebau’s strategy is to bet on coins he believes are best placed to withstand increased scrutiny of the ESG credentials of cryptocurrencies.
Polkadot and Algorand have dropped 43% and 39%, respectively, since Liebau’s fund launched on 10 May, compared with a 34%
New hedge fund launches have plunged to the lowest level since Q4 2008 as according to the latest HFR Market Microstructure Report.
The estimated number of new hedge fund launches fell to only 80 in the second quarter of the year, a significant decline from the estimated 185 launches in Q1, representing the lowest launch rate since only 56 new funds launched in Q4 2008. In the trailing 12 months ending Q2 2022, an estimated 510 total new hedge funds have launched.
The number of hedge fund liquidations increased from the prior quarter, as an estimated 156 funds closed their
The pace of hedge fund net redemptions slowed in July to $16.88 billion (-0.35% of industry assets), according to the Barclay Fund Flow Indicator published by BarclayHedge.
A $124.13 billion trading profit during the month brought total hedge fund industry assets to more than $4.99 trillion as July ended.
Net Redemptions were the norm across most hedge fund subsectors in July. Those bucking the trend were led by Multi-Strategy funds, which were up $4.49 billion (+0.66% of industry assets). Other strategies picking up investor dollars included Convertible Arbitrage funds $1.40 billion (+3.84% of industry assets); Emerging Markets – Asia
The investable HFRI 500 Macro Index has surged +14.3 per cent YTD through August, with gains driven by long commodity and US dollar positions as the US Federal Reserve continued to raise interest rates to slow the generational inflation market environment.
After producing a strong +9.9 per cent return in 2021, the HFRI 500 Fund Weighted Composite Index has exhibited strong defensive capital preservation over the volatile start to 2022, topping equity market losses by over 2500 basis points (bps) despite posting a narrow YTD decline of -2.65 per cent through August.
The performance dispersion of the HFRI Fund Weighted
Private health science startup investor Lumira is setting up a hedge fund to bet on public copies it regards as having been oversold during the sector’s troubled past year, according to a report by The Globe & Mail.
Multi-strategy hedge funds were again the capital raising winners in August bringing in a net +$2.75 billion, and taking year to date inflows to +$18.37 billion, according to a report by AlphaWeek.
