Funds
The widening valuation gap between emerging markets fixed income and its developed markets counterpart is set to throw up “interesting opportunities” for EM-focused investors and hedge funds once the recent US treasury yield spike stabilises, according to BlueBay Asset Management.
As US 10-year treasury yields spiralled this week – topping 1.6 per cent at one point – volatility across equity markets kept a lid on returns, while emerging markets fixed income, local markets, and sovereign and corporate credit were also all down.
The move in higher real rates has proved a headwind for EM fixed income – but has led
London-based commodities-focused hedge fund Westbeck Capital Management has seen its flagship strategy surge in recent weeks, as oil prices continue to trend upwards.
The Westbeck Energy Opportunity Fund finished February up 32.8 per cent, and is maintaining its positive momentum in March as oil prices regain pre-pandemic levels and oil equities rebound.
The strategy, which launched in 2016, trades oil markets using a long/short directional approach across equities, futures and options. Oil equities, oil futures – both long and short – oil options and emissions all contributed positively to March’s returns, which was the fund’s best monthly performance since April
A majority of investors now believe hedge funds are best placed to enhance the performance of a traditional 60/40 equities and bonds portfolio, with the prevailing rate environment driving a “sense of urgency” among allocators to tap into new sources of returns, a new Credit Suisse survey has found.
The bank’s 2021 Hedge Fund Investor Survey, titled ‘A New Dawn’, quizzed more than 200 institutional investors, collectively representing USD800 of hedge fund investments globally. Survey participants – which included pensions, endowments, foundations, consultants, private banks, family offices, and funds of hedge funds – were probed on strategy preferences, allocation plans,
AKJt Holdings (AKJt), an affiliated company of trading and infrastructure solutions provider AK Jensen Group Limited, has acquired NexGen Management Limited (NexGen).
NexGen is a Cayman ManCo with a history of supporting both traditional and crypto funds. The transaction will allow AKJt to expand its service offering for crypto fund managers and will work in conjunction with AKJ Crypto plc (AKJC), AKJt’s full-service platform for funds trading in digital assets. Additionally, the deal will provide additional client volume, distribution channels, and sales synergies.
In discussing the transaction, Neal Mitra, CEO of AKJ Crypto, says: “We are thrilled to have NexGen
Drawbridge, a provider of cybersecurity software and solutions to the alternative investment industry, has closed a minority investment from Long Ridge Equity Partners.
Read the full story at Private Equity Wire…
Komainu, a regulated digital asset custody services provider built by institutions for institutions, has closed a USD25 million Series A fundraiser.
A social impact real estate fund run by London-based alternative asset manager Cheyne Capital has made a “real impact on individual lives”, an independent audit by King’s College London’s Policy Institute has found.
Foreside Financial Group (Foreside), a provider of governance, risk management, and compliance solutions and technology offerings to clients in the global asset and wealth management industry, has acquired the regulatory compliance business of JG Advisory Services LLC, a comprehensive regulatory solutions provider for hedge and private equity funds.
Based in New York, New York, JG Advisory Services has helped its clients meet regulatory requirements through creative compliance solutions since 2005. JG Advisory Services has worked with a wide range of hedge fund and private equity fund managers but has particular expertise with emerging managers.
Judy Gross, principal and founder of
South East Asia’s first insured bitcoin fund, BCMG Genesis Bitcoin Fund-I (BGBF-I), has officially launched to address the growing global interest from institutional and corporate investors.
Read the full story at Institutional Asset Manager…
The Standards Board for Alternative Investments (SBAI) has published a memo that provides a framework for alternative investment managers to navigate the complexities of developing a Responsible Investment approach.
The memo, part of a series of SBAI publications and events on Responsible Investment (RI), focuses on key considerations for managers developing an RI Approach, critical questions for investors to ask during due diligence and guidance for documenting an RI Approach in an RI Policy. The memo provides a detailed analysis of the foundations and building blocks of an RI Approach. Areas of focus include Responsible Integration of RI-related risks, Responsible
