Funds
Prometheus Alternative Investments has raised USD5 million in an oversubscribed seed round.
The round was led by 8VC/Joe Lonsdale with participation from a diverse set of prominent investors including Kyle Bass (Hayman Capital), Gaingels, John Quinn (Quinn Emanuel), Gil Weisblum (family office of Barry Diller), Jared Rothman (family office of Dennis Washington), Thane Ritchie, Curtis Macnguyen (Inflection Capital & Ivory Capital), Kim Kolt (For Good Ventures), Alok Agrawal (Bloom Tree Capital), Chris Blum (Global Head of Equities at JP Morgan Wealth Management) and Khalid Malik (Meridiem Capital).
Founded by former star hedge fund manager Michael Wang, Prometheus brings together a
TCI Fund Management, Sir Christopher Hohn’s activist hedge fund, says there is a “a deliberate lack of transparency” and “a selective approach to disclosure with respect to governance matters” at Canadian National Railway.
Established by founder and managing partner Natalie Hwang (pictured), New York-based Apeira Capital Advisors is a creative venture capital asset manager which uses long/short hedge fund investing techniques to invest in a broad range of private technology companies.
Prior to unveiling the firm in spring 2020, Hwang had been founder and managing director of Simon Ventures, the venture capital unit of Simon Property Group, where she built and managed a global consumers-focused technology fund. Her experience also encompasses hedge fund seeding at The Blackstone Group.
Apeira focuses primarily on early growth companies that have reached an inflective point of scale,
Hedge funds and other alternative asset managers have just three months left to prepare for the Investment Firms Prudential Regime, the far-reaching new regulatory framework which potentially heralds “complex and multi-faceted” compliance processes for firms.
The global hedge fund business continues to set, then break, new overall AUM records as investors pour more money into hedge funds and performance gains bolster industry AUM further.
According to the just-released August eVestment Hedge Fund Asset Flows Report, investors added another +USD12.03 billion to hedge funds in August. Year to date (YTD) inflows sit at +USD38.28 billion. That new money coupled with performance gains throughout the year brought the overall hedge fund business to a record USD3.622 trillion AUM last month.
“This year has been a good one for hedge fund AUM growth, and August net flows
PGIM Investments continues to expand its platform of alternative investment solutions with the launch of the PGIM Wadhwani Systematic Absolute Return Fund, a proprietary quantitative and systematic global macro strategy seeking long-term risk-adjusted total return.
This is PGIM Investments’ first PGIM Wadhwani strategy offered as a US mutual fund.
“Investors are facing a challenging market environment where stock market valuations are historically high and bond market yields are historically low. Alternative investment solutions like global macro strategies may offer a compelling way for investors to generate uncorrelated risk-adjusted returns to complement their traditional 60/40 portfolios,” says Stuart Parker, president and
Funds of hedge funds generated an average gain of 4.2 per cent during the first six months of the year, outflanking long/short equity hedge funds and convertible arbitrage strategies, with larger portfolios pulling ahead of the pack as bigger proved to be better in H1.
New analysis by Citco Fund Services shows funds of hedge funds maintained their positive momentum from 2020 – when they ended the year up more than 11 per cent on average – with a 4.2 per cent average return, and a median return of 4.3 per cent, between January and June this year.
The “vast
Over the past four years, high-net-worth investors have shown a preference for multi-strat specialists, as allocators search for hedge fund strategies capable of better controlling risks and locking-in returns.
The Exchange Council of the European Energy Exchange (EEX) has welcomed the good preparation of the upcoming gas makets merger in Germany as well as the positive developments of the new Gas Financial Futures.
On 1 October 2021, the two gas markets GASPOOL (GPL) and NetConnect Germany (NCG) will merge into one German nationwide market area named Trading Hub Europe (THE). A number of EEX teams have been working to support all market players and stakeholders with this change, especially by providing trading solutions which will facilitate the smoothly merging of two hubs into one.
The new nationwide German market
RFA, the IT provider to the financial services industry, has launched a new Development Security Operations (DevSecOps) service for its clients.
