Funds
Bummer Multi-Strategy BMS is to seed a new systematic macro strategy to be launched by Florin Court Capital LLP (FCC), which currently manages a trend following strategy within alternative markets.
Losses abounded in January, but the hedge fund industry largely shielded its investors from the worst. Hedge funds in aggregate were down 2.42 per cent on the month, according to the Barclay Hedge Fund Index compiled by BarclayHedge, a division of Backstop Solutions.
January was pretty wretched for broad equity indices, and particularly for technology-focused shares. The S&P 500 Total Return Index was battered by a -5.17 per cent loss and the Nasdaq Composite Index bled -9 per cent.
However, there were a few sunny spots with gains by the Emerging Markets Latin American Equities Index, up 4.94 per cent,
Caravel Capital Investments Inc, the management company for Caravel CAD Fund Ltd, a multi-strategy market-neutral hedge fund based in The Bahamas, has changed the name of its flagship fund to Caravel Capital Fund Ltd.
The firm wishes to appeal to a broader base and better reflect the nature of the fund. Previously named the Caravel CAD Fund Ltd, prospective investors were left wondering about the currencies and geographic targets for the fund. To delineate these specifications, the fund managers have officially changed the name to the Caravel Capital Fund Ltd.
The Caravel Capital Fund Ltd. is an open-ended fund that
Ambienta SGR Ambienta X Alpha fund has received the 2022 ESG Champions Award from MainStreet Partners as Best Alternative Fund.
The Global Billionaires Fund (‘GBF’) – which co-invests alongside 100 of the most successful business people on the planet – has seen interesting trends emerge following its annual portfolio rebalancing and the application of a new ESG risk filter in January.
Of the 100 leading billionaires in the 2021 portfolio, 30 have been excluded meaning the 37 companies they are closely involved with have dropped out. They are replaced by 30 different billionaires – including Brian Chesky (Airbnb), Uigur Sahin (BioNTech) and Charles Schwab – which has resulted in 31 new companies entering The Global Billionaires Fund portfolio.
They’re billionaires
AQR Capital Management’s longest-running multi-strategy has started 2022 with record performance, according to a report by Institutional Investor.
The firm’s absolute return strategy chalked up 10.4 per cent net return in the first five days of January and closed the month having record a total return of 15.4 per cent.
January’s record performance followed a total 2021 net gain of 16.8 per cent the month December 2021 ranks as one of the fund’s top four months ever.
AQR’s dedicated value strategy, Equity Market Neutral Global Value, returned 22.3 percent net of fees year-to-date through 31 January
Other AQR strategies to
Neuberger Berman, a private, independent, employee-owned investment manager, is expanding its successful emerging market debt (EMD) offering with the launch of the Dublin-domiciled UCITS Neuberger Berman Sustainable Asia High Yield Fund.
Benchmarked against the JPMorgan JESG JACI High Yield Index, the strategy will invest in high yielding, quality-biased Asian credit opportunities displaying strong sustainability profiles.
The Neuberger Berman Sustainable Asia High Yield Fund will be run by portfolio managers Nish Popat based in London, Sean Jutahkiti and Prashant Singh, both based in Singapore. They also oversee the group’s Asian Debt – Hard Currency Fund. The managers will be supported by
The gross return of the SS&C GlobeOp Hedge Fund Performance Index for January 2022 measured -2.02 per cent.
Inflation, market volatility and geopolitical tensions in Europe appear to have taken a toll on the global hedge fund business in January, with aggregate returns coming in at -1.89 per cent for the first month of the year, according to eVestment’s January 2022 hedge fund performance data.
The hedge fund industry ended 2021 at +9.87 per cent and January’s return is the lowest start to the year since 2016, according to eVestment Global Head of Research Peter Laurelli.
“Of course, how the year starts has historically not been reflective of its ultimate outcome,” Laurelli notes. “Despite its rocky start
London CIV has launched an Alternative Credit Fund sub-fund with three seed investors and initial assets under management (AuM) totalling GBP398 million.
The sub-fund’s objective is to seek a return of SONIA +4.5 per cent, net of fees, which it is expected to achieve by investing in securitised assets, loans, high yield corporate bonds, and convertible bonds and, in addition, investment grade corporate and government bonds. The sub-fund will seek exposure to these assets either indirectly or directly.
Indirect exposure to these assets will be accomplished by investing the sub-fund solely in the CQS Credit Multi-Asset Fund, an alternative investment
