Funds
Designed as a balanced portfolio of ‘best-in-class’ hedge fund managers, Prime Capital AG’s flagship fund of hedge funds strategy – the PCAM Blue Chip Fund – has built a formidable track record since launching in October 2007.
The Wilshire Liquid Alternative Index, which provides a representative baseline for how the broad liquid alternative investment category performs, returned 0.01 per cent in January, outperforming the -0.16 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.
“The ‘Reddit Rebellion’ dominated headlines in January as investors’ support of heavily shorted stocks led to an outsized short squeeze and subsequent technical deleveraging in US equity markets, bringing
CTAs were unable to extend their two-month winning streak into the New Year as January performance dipped 0.02 per cent for the month according to the Barclay CTA Index compiled by BarclayHedge, a division of Backstop Solutions.
“Although equity prices and commodity markets such as energy, crops and base metals continued higher in January, the profits were insufficient to overcome losses generated by long positions in US Treasuries as interest rates rose,” says Sol Waksman, president of BarclayHedge.
Most sectors tracked in the Barclay CTA Indices were in the black for January. The Cryptocurrency Traders Index led the way returning
Refinitiv has launched MarketPsych ESG Analytics, a new analytics tool to provide numerical ESG insights on companies and countries based on news and social media monitoring.
Hedge funds started 2021 on a positive note returning 0.98 per cent in January, according to the Barclay Hedge Fund Index compiled by BarclayHedge, a division of Backstop Solutions. By comparison, the S&P 500 Total Return Index was down 1.01 per cent in January.
Gainers outnumbered losers in January among the sectors tracked in the Barclay Hedge Fund Indices, despite challenging news on both the economic and the Covid-19 pandemic fronts during the month.
“Most hedge funds sectors performed solidly during a complicated month,” says Sol Waksman, president of BarclayHedge. “Equity markets reached record highs before tailing off late in
Brummer & Partners’ flagship multi-strategy fund has made a strong start to February, with its equities- and macro-focused managers generating strong gains that have helped the Stockholm-based outfit reverse January’s losses.
The Brummer Multi-Strategy (BMS) vehicle’s SEK class has risen 4.5 per cent in the first two weeks of the month, which puts its year-to-date performance at 3.6 per cent. Meanwhile, the twice-levered Brummer Multi-Strategy 2xL version of the fund is up 9 per cent as of 15th February. On a year-to-date basis, it has advanced 7.1 per cent.
Eight out of the nine underlying managers that make up the
Bitwise Asset Management has launched the Bitwise DeFi Crypto Index Fund.
Read the full story at Institutional Asset Manager…
CARL has bolstered its list of quantitative strategies previously only available to institutions and the uber-wealthy, with the addition of Victory Peak from Alphatative which is managed by David Bush.
This is the first time this sophisticated quant strategy has been made available to all investors for less than the traditional USD1 million buy-in. Investors can join Victory Peak for as low as USD20,000 through the CARL mobile app, which is available in the Apple App store with an Android version coming soon.
“We’re thrilled to be working with David and Victory Peak. I know we’re both excited to be
CQS, Sir Michael Hintze’s (pictured) long-running multi-strategy credit-focused hedge fund firm, has launched a new actively-managed strategy which aims to generate higher returns across corporate sub-investment grade opportunities against a backdrop of increased volatility and unpredictable markets.
The CQS Total Return Credit Fund targets a range of geographies, asset classes and sectors, across various ratings classes, using a bottom-up, fundamental research process.
The UCITS compliant strategy – managed by Craig Scordellis, head of multi-asset credit, and Darren Toner, head of high yield investment grade and financial portfolios – will use an unconstrained investment approach to scope out the strongest opportunities
Hedge fund Alden Global Capital (Alden) is to acquire all of the outstanding shares of the common stock of Tribune Publishing, owner of the Chicago Tribune, the New York Daily News and other local newspapers, for USD17.25 per share in cash.
Alden currently owns 11,554,306 shares of Tribune common stock, representing 31.6 per centof the Company’s outstanding shares.
The purchase price represents a premium of 45 per cent to the closing price of Tribune common stock on 11 December, 2020, the last trading day prior to receiving Alden’s proposal, a premium of approximately 35 per cent to the closing price
