Funds
The gross return of the SS&C Technologies’ SS&C GlobeOp Hedge Fund Performance Index for June 2022 measured 0.00%.
Hedge fund flows as measured by the SS&C GlobeOp Capital Movement Index declined -0.12% in July.
“SS&C GlobeOp’s Capital Movement Index for July 2022 of -0.12% should be viewed as a strong result in light of the seasonality of capital flows, which tend to run negative during the month. On a comparative basis, the -0.12% reflects decreased net outflows versus the -0.39% reported a year ago and is also the lowest level of July net outflows since 2011,” said Bill Stone, Chairman
Brilliance Asset Management’s flagship fund Brilliance Partners Funds returned 17% in June on the back of a rebound in Chinese stocks, reducing H1 losses to 14% in the process, according to a report by Bloomberg.
Smaller stablemate, the Brilliance China Core Long Short Fund, meanwhile, was up 21% during the month, paring back first half losses to 16%. Both funds outperformed the benchmark China stock index over the the month. The MSCI China Index is still down 46% from a February 2021 high.
Hong Kong-based Brilliance was among a group off hedge funds hit hard by sell-off in Chinese stocks
Bhatt Innovation Capital LLC, a San Francisco Bay Area-based registered investment advisor, has launched three additional investment strategies for Pathfinder SMA, an asset management platform offering features normally available only to institutional and ultra high net worth investors.
These strategies are: PATHFINDER StatArb, a atatistical Aarbitrage or pairs trading strategy; PATHFINDER Value, which employs a “quantamental” approach to invest in those companies that are trading below their intrinsic values; and PATHFINDER Rotation, which employs a proprietary algorithm-based tactical approach to rotate funds into the best performing sectors, industry groups and style factors.
Last April, Pathfinder launched its first strategy, Advance
Twitter shares have been given a boost following news that hedge fund Hindenburg Research has taken a stake in the firm on the basis that it sees a “strong case” against Elon Musk for moving to back out of his $44 billion buyout bid, according to AFP.
Viking Global Investors is down 7% for the first six months of 2022 but has still outperformed many of its Tiger Cub stock-picking peers, according to report by BNN Bloomberg.
The report cites an investor letter as revealing that the fund’s recent efforts to reduce risk, by concentrating long bets while maintaining its short positions helped it chalk up a 2% gain last month, reducing its YTD loss to 7.4%.
While Andreas Halvorsen’s $19 billion flagship fund is still on course to record its worst annual loss in 22 years, its performance is ahead of other Tiger Cub funds, some
Atlas Responsible Investors (Atlas), a French independent investment management firm, has launched a UCITS version of its Long/Short impact equity strategy.
Atlas has been running this strategy for three years for family offices; under a UCITS format, the fund will give a wider access to this unique fusion of authentic responsible investing and traditional equity long/short virtues. Both sustainability and absolute returns are the very core of one of the first SFDR9 absolute returns strategies.
Atlas was established in 2019 by Quentin Dumortier, with a mission to align capital with purpose. With the guidance of its Chief Impact Officer,
VARUNA Technologies (VARUNA), the European technology-driven investment platform, has launched its Dutch-domiciled VARUNA Navigator Fund, which will employ a multi-strategy approach, investing across a variety of asset classes and applying systematic technologies across its whole investment process, including research, allocation and trading.
VARUNA is led by Adrian Fraenkel and Michael Goldbacher, co-CEOs and Founders, who over the past two years have assembled a world-class team of quant specialists. This includes Magrino Bini, CTO, who has developed the VARUNA infrastructure and has previously worked in quantitative trading at UBS, Millennium Capital Partners and Capstone Investment Advisors.
The VARUNA team currently comprises
Keystone Investors Pte, a hedge fund spinoff from Schonfeld Strategic Advisors, which began trading on 1 April, has now raised more than $750 million, according to a report by BNN Bloomberg.
Schonfeld has backed the fund, which focuses on Greater China stocks, but the report cites Keystone Investors’ CEO Ken Tinkinson as saying that the majority of money has been raised from other investors. The fund is currently closed to new capital in a bid to manage asset size but plans to reopen in the fourth quarter, according to Tinkinson.
New York-based Schonfeld, which manages $13.8 billion in outside capital,
Cheyne Capital Management is targeting €750 million for its latest fund which will focus on lending to European mid-cap forms not currently served by private equity investors, according to a report by Bloomberg.
The report cites unnamed sources as saying that the fund’s investment approach will see Cheyne provide single and multi-tranche financing from first lien loans to preferred equity, with the fund, which will have a six or seven year lifespan, set to focus on firms with earrings of between €10 million and €100 million.
Its target net return of 15% puts it inline with more opportunistic credit strategies,
A surge among hedge funds in the first six months of 2022 has been led by the Haidar Jupiter fund which gained 4.6% in June, boosting returns this year to 170%.
The Odey European Inc hedge fund meanwhile, returned 2.2% last month, pushing H1 gains to 114%, according to a report by Bloomberg, which cites recent investor letters
In general, macro hedge funds, which follow economic trends to bet across asset classes, are soaring so far this year on the back of increased volatility in stocks, bonds and commodities markets. According to data compiled by Bloomberg, macro funds returned an
