Funds
Hedge fund clients of Centaur Fund Services performed strongly in 2020, according to data released by the independent fund administrator.
The company says that increased market volatility caused by the Covid-19 pandemic, optimism over vaccines, US elections and huge government stimulus programmes created a set of opportunities for hedge funds to prove their worth, and on the whole, they responded well.
Almost 10 per cent of Centaur’s clients generated returns in excess of 50 per cent, with nearly 25 per cent of our clients posting gains of over 20 per cent. In addition, more than 35 per cent of our
The hedge fund industry continued its positive run in February, returning 2.68 per cent for the month, according to the Barclay Hedge Fund Index compiled by BarclayHedge, a division of Backstop Solutions.
By comparison, the S&P Total Return Index gained nearly 2.76 per cent in February.
For the year to date, the hedge fund industry gained 3.76 per cent up to the end of February. The S&P 500 Total Return Index returned 1.72 per cent over the same period.
All but one sector tracked in the Barclay Hedge Fund Indices gained ground in February.
“Signs that the US economy was
Diginex Limited (Nasdaq: EQOS), a digital assets financial services company, has launched EQUOS Origin (EQO), a token that can only be earned through trading on the EQUOS cryptocurrency exchange.
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Jeremy Touboul, a former fund manager at H2O Asset Management, and Raphaël Remond, former CEO of State Street France, have launched LIOR Global Partners, a new sustainability-focused discretionary global macro hedge fund firm.
LIOR Global Partners will use a top-down research process to identify a mix of directional, relative value and thematic investment opportunities across a mix of credit, equities, sovereign bonds and currencies, investing both long and short to generate absolute returns regardless of market environment.
The portfolio-building process brings together macroeconomic research, valuation metrics, technical indicators and quantitative tools, fusing quantitative models with human analysis.
Jeremy Touboul, co-founder
The Wilshire Liquid Alternative Index, which provides a representative baseline for how the broad liquid alternative investment category performs, returned 1.18 per cent in February, underperforming the 1.52 per cent monthly return of the HFRX Global Hedge Fund Index.
The Wilshire Liquid Alternative Index family aims to deliver precise market measures for the performance of diversified liquid alternative investment strategies implemented through mutual fund structures, backed by a proprietary classification methodology.
“Following the Reddit-induced deleveraging at the end of January, equity markets bounced back to reach all-time highs during the first three weeks of February,” says Jason Schwarz, President and
Rhenman & Partners Asset Management’s flagship healthcare-focused hedge fund overcame February’s market volatility to finish the month in positive territory, as the strategy triumphed in the Best Global Equity Fund category at this year’s Hedgeweek European Awards.
The Rhenman Healthcare Equity Long/Short fund – which trades a range of small, medium and large pharmaceuticals, biotechnology, medical technology and services stocks – added 0.57 per cent to its main euro-denominated IC1 share class during February. That brought its returns since the start of the year to 1.89 per cent. The strategy’s SEK class meanwhile rose 1.07 per cent last month, and
Hedge funds may be better placed to withstand a future performance squeeze in SPACs than other investors, as the recent sell-off in the asset class shed light on vehicle structures and investor-sponsor alignment.
Special Purpose Acquisition Companies, or SPACs, have been among the brightest investment prospects over the past year, with hedge funds in particular helping to fuel the boom.
But as the sector sharply corrected towards the end of February, with retail investors feeling the pinch, hedge funds appeared to have registered a more modest hit from such ‘blank-check’ investments, Lyxor Asset Management strategists said this week.
SPACs raise
The global hedge fund business continued its strong start to 2021 with 80 per cent of funds seeing positive performance in February, according to eVestment’s February hedge fund performance data.
The average positive performance among this large group of funds was +4.51 per cent. Factoring in those with negative performance, the industry as a whole returned +3.22 per cent in February, bringing overall industry year-to-date (YTD) performance to +4.26 per cent.
February’s hedge fund performance figures mark a solid year for the industry, according to eVestment Global Head of Research Peter Laurelli.
“Since post-pandemic onset in March 2020, the
The gross return of the SS&C GlobeOp Hedge Fund Performance Index measured 2.40 per cent for February.
Hedge fund flows as measured by the SS&C GlobeOp Capital Movement Index advanced 0.59 per cent in March.
“SS&C GlobeOp’s Capital Movement Index for March 2021 was 0.59 per cent, indicating positive net inflows into funds. These flows were closely in line with the favourable 0.60 per cent reported a year ago, which was about the time when the Covid-19 outbreak began impacting markets,” says Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies. “In the year since, hedge funds have experienced generally
Blackthorne Capital Management (Blackthorne), a commodity trading advisor specialising in absolute-return trading strategies, has launched the Blackthorne Sentiment Enhanced Trading Program on Efficient Capital’s fund hosting platform.
The partnership will provide Blackthorne with a superior, well-established infrastructure that has undergone rigorous due diligence reviews by large institutional investors and investment consultants – a key benefit of Efficient’s platform.
“We are thrilled to enter into this significant new partnership with the launch of Blackthorne’s Sentiment Enhanced Trading Program on Efficient’s platform. The hosting of our Trading Program on Efficient’s platform enables us to focus on what we do best –
