Funds
Nuveen Infrastructure’s Glennmont Partners, a clean energy infrastructure manager, has launched its energy transition enhanced credit II strategy (ETEC II) after raising €250 million, for investments in renewable energy and sustainable infrastructure assets.
The new strategy will draw on the experience of Glennmont’s original €200 million energy transition credit strategy which has exposure to over 150 renewable energy loans and has consistently delivered value for investors.
ETEC II will seek to capitalise on growing opportunities to support the green energy and infrastructure transition. The strategy also aims to boost the deployment of renewable technologies including both onshore and offshore wind
Performance of hedge funds administered by the Citco group of companies (Citco) dipped marginally in August, with an average weighted return of -0.6%, down from 3% in July.
All strategies – bar Equities and Multi-Strategy – saw positive returns, with Event Driven taking pole position at 3.5%, followed by Commodities at 1.8%, Global Macro at 1.6% and Fixed Income Arbitrage at 0.1%.
A decline in performance was also seen in AUA categories, with large funds at $3bn+ posting an average return of -1.9%, and funds with less than $200-500M recording performance of -0.2%.
With performance more mixed overall compared to
Bets against UK government bonds have helped Odey Asset Management’s flagship hedge fund to a 145% gain so far in 2022, according to a report by Reuters.
Arquant Capital, an independent asset management company specialised in crypto-assets, has launched Arquant Bitcoin Dynamic and Arquant Ethereum Dynamic, its first two funds geared towards professional investors. The funds for institutional investors, are directly invested in bitcoin and ether and actively managed by Arquant Capital’s investment team, making them the first of their kind in France.
Arquant Capital the first Frendh asset manager to have received authorisation to offer professional investors (institutional investors, private banks, family offices and corporate clients) a range of specialised professional funds that are actively managed and directly invested in cryptocurrencies.
Of the new seek to offer
Anomaly Capital Management has seen its total assets under management hit $2.4 billion after raising an additional $500 million over the past five months, according to a report by Bloomberg.
Ninety One has raised €130 million for the first close of the Ninety One European Credit Opportunities Fund I. Managed by co-portfolio managers Chris Rust and Lei Lei, the fund provides flexible private debt financing to medium sized performing borrowers across Europe.
Through a diverse portfolio of secured loans directly originated from mainly non-private equity owned “sponsorless” borrowers, the Fund aims to provide investors with a differentiated alternative credit product.
The Fund has received commitments from a broad range of high quality institutional and sophisticated private investors from the UK, Europe, Latin America, and South Africa. This is an
Hedge fund investors are cutting their exposure to China assets, with funds focussed on investments in Greater China-seeing the biggest net outflows in at least 15 years, according to a report by Reuters.
The report cites Eurekahedge data for the first seven months of 2022 as revealing that during the January-July period, Greater China-focused hedge funds recorded outflows of $5.6 billion and inflows of $2.01 billion.
Year-to-date net outflows total $3.6 billion which is higher than any full-year outflows since the hedge fund database began compiling such data in 2008. By comparison, in 2021, Greater China-focused funds saw net inflows
The surge in global inflation, the strength of the US dollar and the war in Ukraine have all combined to create huge challenges for hedge funds focussed on investments in Eastern Europe, with returns expected to be their worst in eight years, according to a report by Reuters.
The switch of the Ethereum blockchain from proof of work to proof of stake – aka The Merge – has had hedge funds in a betting frenzy with managers scooping up options on ether tokens, Ethereum’s flagship token, according to a report by The Financial Times.
CI Global Asset Management (CI GAM) has launched the CI Alternative Multi-Strategy Fund, which provides investors with convenient one-stop access to CI GAM’s suite of liquid alternative funds and other non-traditional investments.
CI GAM’s liquid alternative funds use a range of investment strategies beyond those used by traditional mutual funds and ETFs, creating the potential for enhanced returns and reduced volatility.
The Fund is a fund-of funds that invests in CI GAM’s industry-leading lineup of equity and fixed-income liquid alternative mandates, as well as ETFs invested in other non-traditional asset classes and investment themes, such as covered call strategies and
