Hedonova, an alternative assets hedge fund, is raising a strategic series A1 funding round of $18.4 million at a $330 million valuation from Chemie-Tech DMCC, a UAE based engineering and construction company. Chemie-Tech’s investment will strengthen Hedonova’s data centre investing and equipment finance business, and comes on the heels of Hedonova’s recent $3 million investment in the alternative investment management firm, Alts.  Hedonova is a unique hedge fund that is working to make investing in modern assets more accessible and convenient. The hedge fund offers its investors access to over twelve alternative asset classes through a single diversified fund, and

US-based CTA Drury Capital this month marks 25 years of trading its flagship Diversified Trend-Following Program. The strategy, which was launched in 1997 by commodities trader and analyst Bernard Drury, was designed with a focus on the importance of commodities in the global economy, including their vulnerability to shocks and their interaction with financial markets. The programme has delivered favourable results over 25 years. In addition to performing well in times of growth, the programme has shown itself to be resilient through hardship as well and managed to survive the dot-com bubble (up 15.8% in 2000) and even to thrive

Simplify Asset Management (Simplify), an provider of Exchange Traded Funds (ETFs) designed to solve today’s most pressing portfolio construction challenges, has launched the Simplify Macro Strategy ETF (FIG). FIG, a modern take on the balanced portfolio, will be led by hedge fund veteran Michael Green, CFA, Portfolio Manager and Chief Strategist with Simplify.  The fund is designed to be a risk-balanced portfolio of asset classes structured to pursue equity-like returns with lower volatility and will invest in equity, fixed income, and alternative ETFs and derivatives, with a trading strategy that is based on the portfolio management team’s interpretation of large

HSBC Asset Management’s (HSBC AM’s) UK-focused direct lending capability has attracted USD1bn in commitments from institutional investors in its first year. The direct lending strategy was launched in early 2021 as part of the firm’s ambition to grow its alternatives capabilities, which now fall under a single business unit HSBC Alternatives. The direct lending capability has been developed in partnership with HSBC UK Bank plc, itself a leading originator of senior secured loans to mid-market private equity-backed companies in the UK.   The fund has supported 23 companies since launch. The investments to date are well diversified across industries and

Neuberger Berman, a private, independent, employee-owned investment manager, has launched the Neuberger Berman Next Generation Space Economy strategy in Europe as a UCITS fund. The fund will be run by New York-based portfolio managers, Michael Barr and Hari Ramanan, who have a combined 45 years of experience and a three-year track record in the sector. They will be backed by Neuberger Berman’s global equity research team of more than 46 investment professionals, as well as the firm’s data science and ESG teams.    The fund seeks to achieve long-term capital appreciation through investing primarily in a portfolio of global equity

Crypto investment fund Superstack has received authorisation from the Gibraltar Financial Services Commission to operate a regulated crypto fund in the jurisdiction. Superstack is a newly established crypto fund, founded by London based Jesse Burgess and Klaus De Macedo in 2020. Superstack’s investment strategy will see the fund take positions in various digital assets and will operate as a collective investment scheme, which means that investors can gain exposure to digital assets without owning it outright.  The fund will invest in a variety of crypto and blockchain-related assets (including cryptocurrencies, stable coins, and tokens) through a combination of non-automated strategies,

FundFront, a London-based FinTech company, has launched its alternative investment platform. Founding partners, Amin Naj, Arman Salavitabar and Dr Aric Whitewood come from leading financial institutions including JP Morgan and Credit Suisse with a collective mission to simplify access to leading alternative investment strategies. FundFront’s platform provides financial advisors and their investors an opportunity to build a diversified portfolio that reflects their desired balance of profitability, stability, consistency, and control.

SECOR Asset Management, an independent global investment advisory and risk management firm, has experienced a 50% growth in AUM of its Hedged Equity Fund (SHEF) in the first year.