Funds
Hedge funds continued to perform well at the close of 2021, according to data from Preqin, with the firm’s 2022 Global Hedge Fund Report revealing that returns across the asset class were up 11.43 per cent (as of September 2021, +15.52 per cent annualised) and all top and sub strategies finished the year with positive results.
Transcend, a provider of collateral, liquidity, and funding solutions, and Acadia, a provider of integrated risk management services, have partnered to deliver an automated, comprehensive and independent Collateral Validation Service.
The ESG-driven corporate governance revolution in Japan is creating investment opportunities similar to those in the UK in the 1980s and 1990s, according to Jeff Atherton, manager of the Man GLG Japan CoreAlpha Fund.
Atherton, who took over as lead manager of the GBP1.2 billion fund in January 2021, says Japan has historically been viewed by investors as a cyclical market where returns are driven largely by interest rates and the global economy. However, he says a sea change in corporate governance has begun to present opportunities never seen before by foreign equity investors.
“It’s no exaggeration to say
AI enabled fintech company Qraft Technologies has closed a USD146 million investment from SoftBank Group Corp. (SoftBank), which includes primary growth capital and secondary capital that will be used to fund share purchases from investors.
Varenne Capital Partners (Varenne Capital) achieved net inflows in excess of USD1 billion from investors in 2021 amid strong fund performance, as assets under management reached USD4.3 billion at year-end.
Australian hedge fund VGI Partners is considering a merger or sale of its business with several rival firms including Regal Funds Management, according to a report in the Sydney Morning Herald.
Spouting Rock Asset Management (Spouting Rock), a multi-boutique manager platform providing investment solutions and services, is to merge with Old Hill Partners Inc (Old Hill), an alternative asset manager focused on asset-based lending transactions with small- and medium-sized businesses.
A newly formed subsidiary of Spouting Rock, Spouting Rock Alternative Credit, LLC (SR Alternative Credit), will house the Old Hill asset-based lending business and serve as the investment advisor to Old Hill’s existing funds and other investment vehicles.
The new subsidiary will be operated by former Old Hill employees, Jeff Haas and Peter Faigl as president and chief investment officer, respectively.
Hedge funds advanced in December to conclude a strong year dominated by uncertainty and high volatility, as managers navigated the dual challenges of increasing interest rates and inflation, as well as the impacts of the second year of the global coronavirus pandemic.
CTAs recorded small gains in December, recovering some of the losses from November to finish up the best year since 2014. The SG CTA Index had positive performance of 0.45 per cent in December, completing the year up 6.27 per cent, according to data released by Society Generale.
Trend-followers continued to lead performance in December, posting profits of 0.64 per cent for the month, and finished 2021 up 9.25 per cent.
CTA performance was consistent throughout December, and 75 per cent of the individual CTA programs in the CTA Index posted gains for the month. Positive performance came from both
EEX Group’s European Spot markets reported a new high of 57.3 TWh (previous record in March 2021: 55.9 TWh) in December, with records reached in both Intraday (Austria) and Day-Ahead (France, Denmark, Nordics) markets.
