Funds
Investors poured another +USD12.47 billion into hedge funds in April, bringing year to date (YTD) inflows to +USD28.81 billion, according to the just-released April 2021 eVestment Hedge Fund Asset Flows Report. Overall hedge fund business AUM stood at USD3.525 trillion at the end of April, according to the new report.
“There were several strong underlying metrics behind the net inflow number in April,” says eVestment Global Head of Research and report author Peter Laurelli. “While net inflows alone would seem to be a positive sign, that is not always the case. In April, however, the data just looked good.”
Global fintech Gresham Technologies (Gresham), a specialist in providing real-time solutions for data integrity and control, banking integration, and payments and cash management, is to acquire post-trade automation specialists, Electra Information Systems, (Electra).
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Talos, an institutional technology provider for digital asset trading, has completed a USD40 million Series A investment round led by Andreessen Horowitz and including investments from PayPal Ventures, Fidelity Investments, Galaxy Digital, Elefund, Illuminate Financial, and STEADFAST Capital Ventures.
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Trend-following hedge funds and CTA strategies remain in broadly positive territory heading into the final stretch of 2021’s first half, as defensive bets on fixed income look set to pay off against a backdrop characterised by economic recovery and rising inflation.
The 10 biggest trend-following managers, as tracked by Société Générale’s SG Trend Index, have gained 1.42 per cent on average so far this month, driving year-to-date returns to a solid 8.43 per cent.
Similarly, SocGen’s CTA Index – a daily performance measure of 20 of the largest managed futures hedge funds’ returns – has advanced 6.78 per cent since
London-based GWM Asset Management has launched a novel merger arbitrage hedge fund strategy which uses ESG (environmental, social and governance) factors in its investment process.
The strategy, which rolled out in early May with USD270 million in assets, has a specific focus on mergers and acquisitions in Europe, applying sustainable investment criteria to its position-building and excluding controversial sectors.
Commenting on the launch of the ESG-focused fund, Peter Sartogo, managing partner at GWM said moves towards sustainability within the investment and wealth management communities is now “of crucial importance.”
“For some asset and wealth managers, excluding controversial sectors and stocks
Stategy Capital LP, a global multi-asset alternative investment management firm, has launched the Stategy Global Macro Fund LP.
StoneX Financial Pte Ltd (StoneX), a subsidiary of StoneX Group Inc, has become an Overseas Intermediary of the Dalian Commodity Exchange (DCE), Shanghai International Energy Exchange (INE), and the Zhengzhou Commodity Exchange (ZCE), giving it the ability to offer access to key Chinese commodities futures contracts available to international clients.
StoneX clients will now have access to these key Chinese commodity markets and the ability to trade internationalised contracts such as the DCE Iron Ore futures, which is one of the most heavily traded metals futures contracts in the world.
Lian Tuck (LT) Lee, Head of Listed Derivatives,
ESG data analysis and how it links to performance will be the focus of the next FIS webinar, in conjunction with Hedgeweek, during which we will ask: “How can AI help illustrate your ESG edge to investors?”
Blockchain platform Lohko has teamed up with London-based tech firm Mattereum to launch a new ownership model of physical goods that will enable verifiable gold non-fungible tokens (NFTs) to be traded on the blockchain and attached to carbon offsets.
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Shining brighter in light of global change
Shining brighter in light of global change