Funds
Pictet Asset Management, the investment management arm of the Geneva-headquartered wealth management giant Pictet Group, has launched a new multi-asset fund strategy which taps into opportunities across a range of emerging markets asset classes.
Managed futures hedge funds have mounted an impressive fightback in recent weeks after finishing last month in the red, with new data from Société Générale showing its key CTA and trend-following indices storming into positive territory at February’s mid-way point.
This corner of the hedge fund industry – which aims to capitalise on market trends across a selection of asset classes, including equities, bonds, commodities and currencies, typically using computer-driven algorithms – endured fluctuating fortunes in January. Equity market losses as a result of the GameStop fiasco, coupled with currency losses, ultimately sank early-month gains in commodities and bonds.
Now,
JTC, a global provider of fund, corporate and private client services, has acquired INDOS Financial and its subsidiaries (INDOS) for a maximum consideration of GBP12.5 million.
The initial consideration is GBP11 million which will be settled in cash GBP10 million and JTC equity GBP1 million. A further GBP1.5 million deferred consideration is available to management on the achievement of performance targets.
Founded in 2012, INDOS is a specialist in the provision of depositary, ESG and AML oversight services for alternative investment funds. As of December 2020, INDOS’ client assets under depositary oversight were cUSD35 billion and AML officer clients
AKJt Holdings Limited (AKJt), an affiliate of AK Jenson Group (AKJ), a provider of turnkey trading and infrastructure solutions for fund managers, has acquired RiskCap Ltd.
RiskCap was formed in 2013 and offers services including governance, risk management, and regulatory and AML/CFT compliance. Clients include electronic money institutions and payment institutions, MiFID firms, insurance firms and funds with a collective EUR5 billion in assets under management. The transaction, which is subject to regulatory approval, will allow AKJ and AKJt to expand its product suite by integrating RiskCap’s expertise into existing full-service solutions for funds trading in both traditional and digital
Falcon Investment Management and ex-JP Morgan strategist Arman Salavitabar are launching a US equity-focused long/short hedge fund on the London-based firm’s multi-manager investment platform.
The Sala Vita L/S Equity Fund brings together human analysis and machine learning algorithms, combining systematic equity selection and market timing signals to manage a long/short portfolio of single stocks.
The new fund, which targets uncorrelated, absolute returns of more than 10 per annum through trading S&P 500 names, will be positioned to outperform in high-volatility market environments in order to complement investors’ broader equity portfolios.
“Capital markets are just starting to see the type of
Sterling Trading Tech (STT), a specialist in technology solutions for equity, equity options, futures and digital asset trading, has reported record growth companywide in 2020.
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The gross return of the SS&C GlobeOp Hedge Fund Performance Index for January 2021 measured -0.33 per cent.
Hedge fund flows as measured by the SS&C GlobeOp Capital Movement Index advanced 0.87 per cent in February.
“SS&C GlobeOp’s Capital Movement Index rose 0.87 per cent for February 2021, reflecting positive net flows. On a comparative basis, the 0.87 per cent increase reported for February 2021 exceeded the 0.66 per cent gain reported for the same period a year ago,” says Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies. “Covid-19’s impact on markets first strongly evidenced itself approximately one
While closing 2020 up 30.93 per cent, Quantumrock’s flagship strategy Volatility Special Opportunities Program (VSOP) fell by 0.2 per cent in January.
Michael Zeller, CIO, says: “The market experienced a bumpy road in January. While the S&P500 rallied over 2 per cent in the first half of January, it tumbled -3.3 per cent during the last week of the month amid a short-squeeze on short-sellers and mixed technology earnings.
The distribution of VSOP’s returns shows significantly smaller negative tails than the S&P500. This tail behaviour can be fully attributed to the VSOP’s alpha strategies, which have resulted in less
Since launching last summer, BNP Paribas Asset Management’s Environmental Absolute Return Thematic (EARTH) hedge fund has generated a striking double-digit return, trading long and short positions in energy, materials, agriculture and industrial companies across both developed and emerging markets.
The ESG-focused strategy – which is managed jointly by Edward Lees and Ulrik Fugmann (pictured, above left with Lees), co-heads of BNPP AM’s Environmental Strategies Group in London – invests long in companies that are actively addressing environmental challenges, such as carbon emissions, waste production, and food, water and energy concerns. It then pairs them with short positions in unsustainable firms, or those
Falcon Investment Management a multi-manager hedge fund platform, has launched its first loss program to support early-stage hedge fund managers with seed and acceleration capital.
The program is designed to align interest between investors and managers. Through first loss structure, managers receive higher incentive fees in exchange for sharing potential losses with investors resulting a better alignment of interests. Participating fund managers in the program benefit in three ways.
• Supported by institutional grade operational and risk management framework
• Access to seed and acceleration capital
• Receive significantly higher than industry average performance fee
“As the first hedge fund platform in
