Funds
Bitwise Asset Management, one of the world’s largest cryptocurrency index fund managers, has raised USD70 million in a Series B funding round led by Elad Gil and Electric Capital. New backers include Daniel Loeb’s Third Point LLC, alongside individual investors Henry Kravis, and Stanley Druckenmiller.
Emerging hedge funds must tread with caution in the face of increasingly complex operational infrastructure as their businesses gather pace and raise assets, speakers at Hedgeweek’s fourth annual HedgeweekLIVE North America Emerging Managers Summit said on Wednesday.
Managed futures funds ground out another solid batch of returns this month, yielding 0.81 per cent and making May the fourth period in a row of gains for the CTA industry. For the year-to-date interval, CTAs have earned their investors a return of 4.85 per cent according to the Barclay CTA Index, compiled by BarclayHedge, a division of Backstop Solutions.
“A triumvirate of rosy economic forecasts, pent up consumer demand and continuing production backlogs propelled many commodities’ prices well past their pre-pandemic thresholds to levels not seen in a decade,” says Ben Crawford, Head of Research at BarclayHedge. “With the
Waystone, a global governance and third-party management company, has created a new global compliance offering via the merger of four compliance service providers.
Read the full story at Institutional Asset Manager…
The hedge fund industry notched its seventh consecutive month in the black, posting a 1.08 per cent return for the month of May, according to the Barclay Hedge Fund Index compiled by BarclayHedge, a division of Backstop Solutions. In aggregate hedge funds outpaced the S&P 500 Total Return Index by 38 basis points on the month.
This stretch of positive results by hedge funds brings their year-to-date performance to 8.06 per cent, modestly narrowing the gap to the S&P 500 Total Return Index which has enjoyed a 12.62 per cent return over the same period.
All but four hedge fund
Kairos Investment Management Ltd, the London-based subsidiary of Kairos Group and Engadine Partners LLP, a London-based independent asset manager specialised in offering alternative investment solutions, are to sign a cooperation agreement aimed at strengthening and leveraging their investment expertise and distribution networks.
Through this cooperation, Kairos will strengthen the business of Kairos Investment Management Ltd, the Group’s subsidiary specialised in the management of alternative funds, thereby also enhancing its European long-short offering. Marcello Sallusti, founder of Engadine Partners, will become Chief Investment Officer (CIO) of Kairos Investment Management Ltd while retaining his responsibilities as CIO of the current Engadine
SS&C Technologies Holdings has announced that the gross return of the SS&C GlobeOp Hedge Fund Performance Index for May 2021 measured 0.54 per cent.
Hedge fund flows as measured by the SS&C GlobeOp Capital Movement Index advanced 0.33 per cent in June.
“SS&C GlobeOp’s Capital Movement Index for June 2021 was 0.33 per cent, reflecting positive net flows into hedge funds. On a year-over-year basis, this result was essentially in line with the flows reported a year ago of 0.35 per cent,” says Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies. “Year-to-date net flows are positive and running ahead
In a new white paper, Merrill Sepehrnia, Head of Total Return Sustainability at Pictet Asset Management, explains why hedge funds are well placed to uncover ESG issues and help drive the ESG agenda forward.
He argues that while “sustainable investment is usually associated with a long-term, buy and hold approach, hedge funds are arguably at least as well-placed as their long-only peers in using environmental, social and governance (ESG) factors to construct portfolios. Their ability to go long and short can be a considerable advantage. Not least when it comes to holding companies to account for poor governance.
“Indeed,
Toronto Trust Management Ltd (TTML) has that, until further notice, acceptance of new subscriptions for units of Friedberg Global-Macro Hedge Fund – one of the Friedberg Alternative Mutual Funds – will be limited so as to match, as clearly as possible, the amount of cash outflows of the Fund, primarily due to redemptions and fees.
Redemptions are not being suspended.
Units of the Fund are offered under the simplified prospectus of the Friedberg Alternative Mutual Funds.
TTML will review this decision on an ongoing basis, with a view to fully reopening the Fund to new subscriptions when appropriate.
Natural Language Processing (NLP) can enhance ESG Investing in a variety of ways, from building alpha-generating strategies to monitoring controversy risk across portfolios.
Investors can make the most of the global trend in ESG investing using NLP technology, such as that developed by RavenPack, the company I work for.
RavenPack generates analytics by scanning online news, identifying entities, tying them to events, and then calculating sentiment. It has a rich ESG event taxonomy covering a wide range of controversies, from news about companies being fined for pollution, to labor disputes, to lawsuits.
This enables the large-scale tracking of controversies, covering
