Funds
Future Fintech Digital Capital Management, a subsidiary of lockchain-based e-commerce business fintech service provider Future FinTech Group (FTFT), has officially launched its first cryptocurrency hedge fund, FTFT Digital Number One US, LP.
The management team of Future Fintech Digital Capital Management LLC possesses aggregately over 25 years of investment management and trading experience, with roots in commodities trading from top-tier investment banks like JP Morgan and Goldman Sachs.
The fund manager, Dr Mark Dai, has over 15 years of experience as a Portfolio Manager specialising in energy futures and options and was previously a Senior Commodities Trader at JP Morgan.
Neuberger Berman is creating a ‘next generation’ SPAC platform having closed its latest fund – the Neuberger Berman Opportunistic Capital Solutions Fund – with USD1.95 billion in capital commitments following a private investment from CC Capital, according to a report by AlternativesWatch.
Neuberger Berman and CC Capital are to co-sponsor a series of SPACs with the fund entering into a USD200 million forward purchase agreement with each one. As well as scaled capital, the CC Neuberger SPAC structure, offers companies access to up to USD300 million in backstop capital, which Neuberger Berman says makes deals more likely to reach closure.
Waystone has launched the Kayne Anderson Renewable Infrastructure strategy on the MontLake UCITS Platform ICAV.
The fund launched on the 9 February 2022 and joins the Waystone Investment Solutions product suite at Waystone Fund Management.
The fund, managed by Kayne Anderson Capital Advisors, is a long-only strategy investing in listed renewable infrastructure companies that are involved in business activities related to renewable energy production, storage, and transmission. The fund is classified as Article 8 under SFDR.
Asia- and China-focused stock-picking hedge funds have suffered their worst monthly losses in two years, according to Goldman Sachs Group Inc, according to a report by Bloomberg.
The firm’s prime brokerage division is reported as saying ina note on client performance that funds focused on long-short stock strategies in China lost almost 14 per cent in the first two weeks of March, while their Asian-focused counterparts dropped 9.8 per.
Both losses represent the biggest 10-day falls since March 2020 and come on the back of concerns over fresh Covid outbreaks in China.
Some of Brazil’s highest profile independent hedge funds have gurned to gold to protect their portfolios from the market turmoil caused by Russia’s invasion of Ukraine, according to a report by Bloomberg.
Omni Event Fund, a hard catalyst focused event-driven fund managed by Omni Partners, has commenced trading as Kryger Fund following the planned acquisition of the Omni Event business by its long-standing Chief Investment Officer, John Melsom.
Following the change of ownership, the firm has rebranded to Kryger Capital.
With over USD900 million in assets under management, the firm’s actively managed global event- driven investment strategy and investment team remains unchanged under the new brand. Kryger Capital’s focus is to deliver absolute returns regardless of the market environment by targeting equities and equity-related securities of companies undergoing significant corporate actions and
New York-based stock-picking hedge fund Soroban Capital Partners has made a least several hundred million dollars on bullish commodities bets following Russia’s invasion of neighbouring Ukraine, according to a report by The Wall Street Journal.
Other hedge funds to benefit from include New York macro fund Castle Hook Partners and value investor Pilgrim Global, who, also wagered that materials prices and shares of producers would rise following a year long drop in new commodity supply spending and efforts to reduce or limit carbon emissions.
The report says that Ccmmodities-focused funds that made similar wagers have seen returns of up to
Point72, the hedge fund firm run by billionaire investor Steve Cohn is to redeem the USD750 million it invested in Melvin Capital, according to a report by Bloomberg.
The global hedge fund business had an aggregate return of -0.17 per cent in February, according to eVestment’s February 2022 hedge fund performance data.
Significant losses sustained in recent weeks have prompted Mew York hedge fund Arrant Global to close down operations, according to a report by The Wall Street Journal.
The firm’s flagship long-short tech-focused equity strategy, which lost 8.5 per cent last year, has dropped by double digits so far in 2022, in line with the 12 per cent loss chalked up by the Nasdaq Composite over the same period.
