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

Only seven of the 28 largest Chinese quant hedge fund managers – those managing more than CNY10 billion – generated positive returns in the last quarter of 2021, according to a report in The Wall Street Journal. High-Flyer Quant took the biggest hit losing an average of more than 11 per cent across its funds and made a public apology to investors as a result, citing problems with its algorithms and rapid industry growth for the setback. By comparison, seven of the 28 generated cumulative returns of more than 100 per cent over the past three years according to fund

The flagship global macro hedge fund run by Autonomy Capital Research, lost ground again in January posting losses of 6.6 per cent, according to a report by Bloomberg. The report quotes unnamed sources as saying that ill-timed best on Latin America are behind the latest negative performance, which follows a 26 per cent loss in 2021, the fund’s biggest since the financial crisis of 2008. The fund is, however, trading about 2.5 per cent higher so far this month according to the sources. Macro hedge funds in general posted strong, negatively-correlated gains in January as equity and fixed income markets

CTAs closed the first month of 2022 firmly in positive territory after a rollercoaster mid-month, with the SG CTA Index up 2.10 per cent in January. Trend-followers continued to lead performance after finishing a strong 2021, the SG Trend Index posted performance of 3.37 per cent, in a month when nine out of the 10 individual trend-following CTA constituents were positive. Shorter-term CTA strategies made similar gains. The SG Short Term Traders Index made a gain of 1.23 per cent, with over half of the individual short-term CTA constituents posting positive performance during January’s volatile market conditions. CTA gains were

While several multistrategy hedge funds posted gains amidst January’s equity market volatility, Steve Cohen’s Point72 Asset Management lost money over the month, according to a report by Bloomberg.

Citadel’s flagship hedge fund and its fixed-income fund both posted gains almost 5 per cent in January, despite a slump in equity markets, according to a report by Bloomberg.