Funds
Aspect Capital, a systematic investment manager, is further expanding its use of OpenGamma’s derivatives analytics across the range of markets it trades.
OpenGamma’s analytics track risk exposure and help maintain fund liquidity. OpenGamma’s breadth of coverage for exchange and broker margin methodologies has made it the partner of choice for Aspect Capital since 2018.
Aspect Capital is always seeking new opportunities, and trading new markets comes with hidden challenges. For example, futures and options contracts trade on local country exchanges, and each exchange has its own specific approach for calculating derivatives margin.
To help control risk and manage
Man Group, the publicly-quoted London-headquartered global hedge fund group, has seen its funds under management hit record highs, with its hedge funds and alternative strategies posting strong performances amid 2020’s unprecedented coronavirus-fuelled turbulence, despite a fall in annual pre-tax profits for the company.
The FTSE250-listed group’s funds under management surged to a new high of USD123.6 billion last year – a USD5.9 billion rise from the USD117.7 billion recorded at the end of 2019.
While its investment performance totalled USD3.3 billion in 2020, down from USD10.1 billion the previous year, Man attracted net investor inflows of USD1.8 billion, which reversed
Kroll Bond Rating Agency (KBRA) has assigned BBB Issuer ratings to three multi-strategy hedge funds: Kensington Global Strategies Ltd (KGSF), Kensington Global Strategies Fund II (KGSF II), Ltd, and Citadel Wellington LLC (Wellington), and a BBB Senior Unsecured rating to USD500 million of notes issued by Citadel Finance.
The notes are guaranteed on a several, but not joint, basis by KGSF II, Wellington, and KGSF Offshore Holdings Ltd (wholly-owned subsidiary of KGSF). The guarantor funds are managed by Citadel Advisors, LLC, the investment management subsidiary of Citadel Group.
Citadel Group, headquartered in Chicago, is a global hedge fund with a
With the shape of the post-pandemic recovery still in flux, London-based quantitative hedge fund firm Aspect Capital believes its computer-driven global macro strategy is well positioned to capitalise on both short-term market dislocations and medium-term trends this year, as well as benefitting from relative value opportunities amid the varying recovery speeds.
Exchange Data International (EDI) has released a report that questions whether stock and derivative exchanges have copyright in closing prices, and whether they can license the redistribution of these closing prices.
Read the full story at Institutional Asset Manager…
Diginex Limited’s flagship liquid alpha centric fund of crypto hedge funds, Bletchley Park Multi Strategy Fund (BPMSF), generated an estimated net 35 per cent return for the last twelve months, as of 31 January.
BPMSF primarily invests in alpha strategies that generate returns with limited directional exposure to underlying crypto prices (eg, movements in the price of bitcoin). BPMSF has achieved this through investing in a range of carefully selected crypto hedge fund managers with the objective of being profitable in a range of market conditions, including periods of declining crypto currency prices.
Returns can potentially be generated from
By Christian Pollard – Every year Opus participates in hundreds of audits where the goal is to distribute a clean set of audited financials out to interested parties in a timely manner. Each party involved in the audit shares a common desire for the process to be completed as smoothly and as quickly as possible, with minimum stress. However, it should not be underestimated how challenging this can be. A smooth audit process requires the manager, the administrator and the auditor to synchronise and work in tandem. Issues may arise anywhere within the 23 key milestones that Opus has identified as
By Ron Geffner – Investors and regulators continue to evolve, becoming more sophisticated and asking more probing questions. Now more than ever, successfully launching a hedge fund is dependent upon selecting the proper structure and complying with the ever changing federal and state regulations governing hedge funds.
Structuring a hedge fund involves both the creation of one or more entities through which investments will be made (domestic and offshore hedge funds), as well as the management entities through which the advisory services will be provided to the hedge funds (the general partner and/or the investment manager). The structure and domicile of
The trajectory of a startup hedge fund does not solely depend on the strength of the investment strategy on offer. Several elements must come together to set managers on their journey towards a successful first capital raise which will see them grow into emerging firms.
Startup managers in the pre or just launched stage should turn to private wealth and institutional investors when looking to raise their initial capital. Friends and family, their professional network and single-family offices can be their first port of call followed by larger seed investors, institutions with an appetite for early-stage investments and funds of
Investors are pushing their hedge fund managers to deliver better returns, and to revise their terms to better align with the specific needs of investors. This is leading to changes in fund terms and more dialogue with clients. Among other things, these adaptations include an increased use of hurdle rates among emerging managers as they aim to give their investors what they want. It is also a symptom of the growing need for flexibility in the startup arena where investors, managers and service providers must find that crucial symbiosis.
“The use of hurdles has always been there but whereas historically
