Funds
The SS&C GlobeOp Forward Redemption Indicator for June 2021 measured 2.68 per cent, up from 2.46 per cent in May.
Nickel Digital Asset Management’s (Nickel) flagship Digital Asset Arbitrage Fund posted strong returns in May, extending year-to-date returns to double digits. That was despite the underlying market going through one of the deepest bitcoin corrections in recent memory.
The fund was up +2.6 per cent in May in the face of bitcoin dropping over 50 per cent from April’s record levels. This month’s profits mostly came from the perpetual swaps, the futures basis and options trading.
The fund extended its streak of all-positive months since its inception 24 months ago, while delivering an industry-leading Sharpe of 4.8. The strong performance
Tesseract, an institutional digital asset lending company in Europe and emerging markets which provides digital asset lending solutions to institutional clients, such as hedge funds and retail trading platforms, globally, has raised USD25 million in its Series A funding round.
Read the full story at Private Equity Wire…
AcadiaSoft Inc, an industry provider of integrated risk management services for the derivatives community, has re-branded as Acadia.
Read the full story at Institutional Asset Manager…
BNP Paribas Asset Management (BNPP AM) has launched the BNP Paribas Multi-Asset Thematic, an innovative fund investing across BNPP AM’s range of thematic strategies.
Read the full story at Institutional Asset Manager…
Wheelhouse Advisors, a provider of prudential management, regulatory reporting and accounting, tax and HR support to the financial services sector, has partnered with ThinCats, a funding specialist for the mid-market.
Franklin Templeton is growing its liquid alternative fund range with the launch of two new strategies – the Franklin K2 Cat Bond UCITS Fund and Franklin K2 Athena Risk Premia UCITS Fund – to capitalise on “growing demand” for liquid UCITs structures.
The Franklin K2 Cat Bond fund will trade a portfolio of natural catastrophe bonds with a view to generating attractive risk-adjusted returns and compelling current income with limited correlation to other asset classes.
The fund is managed by Jonathan Malawer (pictured), K2 Advisors’ New York-based managing director, head of insurance-linked securities, commodities and environmental Strategies. Malawer, who joined
TA Associates, a global growth private equity firm, has made a significant minority investment in global financial services provider Apex Group Ltd (Apex).
Read the full story at Private Equity Wire…
Start-up hedge funds’ success or failure often hinges on how managers build fee structures and foster investor relationships during the perennially tricky launch process, which industry participants warn can be frustrating, expensive and time-consuming.
The opening session of day two of this year’s HedgeweekLIVE North America Emerging Manager summit focused on fee structures, with panellists discussing seed and anchor capital, developing networks in the remote working environment, and the shifting allocator sentiment towards the industry.
Kieran Cavanna, co-founder and CIO of fund of hedge fund Old Farm Partners, noted the challenges that have arisen as a result of Covid-19, but
Despite the changing environment and challenges that Covid-19 has presented to operational and investor due diligence processes, sophisticated allocators still demand a “high level” of compliance and institutional infrastructure, according to Jenny Kim DeSmyter (pictured), Managing Director, Sales Strategy, SS&C Eze.
Speaking on the ‘Evolving Operational Challenges’ panel during this year’s HedgeweekLIVE North America Emerging Managers summit, DeSmyter explained how ensuring data remains protected is vital for both managers and investors in the remote working environment that has prevailed throughout the coronavirus pandemic.
The second session of day one spotlighted how operational due diligence and investor expectations are changing, and
