Funds
A successful short bet on government bonds helped Crispin Odey’s flagship hedge fund to a 15 per cent gain in March, according to a report by Bloomberg.
The report says that a recent investor update issued by the company reveals that the fund, Odey European Inc, is now up 53 per cent so far in 2022.
Bloomberg says that a separate investor letter shows that the firm’s leveraged short exposure to bond trades stood at almost 500 per cent of the fund’s NAV at the end of February, through bets on two UK government securities that mature in 2050 and
Neuberger Berman, a private, independent, employee-owned investment manager, has launched a new UCITS commodities fund.
The Neuberger Berman Commodities Fund is run by a highly experienced New York-based senior portfolio manager Hakan Kaya, PhD, and will be supported by five others within the investment team.
Neuberger Berman has managed a diversified commodities strategy since May 2010, and Kaya has managed the Neuberger Berman Commodity Strategy in the US since inception.
Utilising commodity-related financial derivative instruments, the fund aims to provide an attractive level of total return and capital appreciation, by seeking exposure to a broad range of commodities across various
Investors added an estimated net USD10 billion to hedge funds in February, according to data released by eVestment.
The sector had stared the year with net investor redemptions in January but bounced back the following month with inflows just below the five-year February average of USD11 billion.
Negative performance of 0.26 per cent for the month accounted for an overall decline in assets but saw a second consecutive month of outperformance against the S&P500 which lost 3.14 per cent in February.
Tiger Global’s flagship hedge fund is down 34 per cent in Q1 2022 on the back of poorly performing stock investments and markdowns on private holdings, according to a report by Bloomberg.
Man GLG, the discretionary investment management engine of Man Group, has launched Man GLG RI Sustainable Water and Circular Economy.
The new fund applies a long-only, actively managed equity thematic investment strategy with a strong sustainability focus. It is designed to generate returns while targeting a positive environmental impact by contributing to the UN’s Sustainable Development Goals, with a focus on clean water and sanitation (goal 6); life below water (goal 14); life on land (goal 15); and responsible consumption and production (goal 12).
The fund invests solely in companies that address to the fight against water scarcity, improve
Alternate assets manager Vivaris Capital has launch a new, multi-strategy fund, the VICAN Fund, offering hybrid hedge and private equity structures.
Criptonite Asset Management SA is to act as distributor for the new Wave Financial Non Fungible Fund (NFF) in Switzerland.
Wave is an SEC regulated digital asset investment fund manager based in Los Angeles.
Following the launch of the NFT fund in December 2021, Wave Financial, which manages over USD1 billion across its digital asset fund, institutional and wealth management products, has seen unprecedented demand globally attracting investment over USD20 million from qualified investors already. Criptonite Asset Management SA will offer the NFT fund to qualified investors in Switzerland.
Wave Financial’s NFT fund has a unique open-ended structure. Through actively
While certain investors are choosing to avoid riskier assets due to the Russia-Ukraine situation, currency speculators are still placing their bets on the South African rand at an unprecedented rate, according to a report by Bloomberg.
Bridgewater Associates, the world’s largest hedge fund, is planning on moving into the digital assets space with its first ever crypto investment, according to a report by FXEmpire.
The USD150 billion fund, which is run by billionaire Ray Dalio, wants to increase its exposure to digital assets but will not be buying cryptocurrencies deforest. Back in January, Dalio advised that investors should allocate 1 per cent of their portfolios to bitcoin.
New in-depth analysis by quant technologies provider SigTech, reports that after continued expansion in 2021, there are currently 27,255 active hedge funds globally.
The hedge fund industry remains dominated by the US market, which is home to 67 per cent of all hedge funds globally, followed by 9 per cent in the UK, 4 per cent in China, and circa 2 per cent each in Brazil, Canada and Switzerland.
When it comes to the cities that have the largest concentration of hedge funds, unsurprisingly New York is the clear leader with nearly 7,000 funds (25.0 per cent of total), followed by
