Funds
The incoming US administration led by Joe Biden will be a “crucial” factor looming large over the healthcare industry this year, with planned reforms heralding potentially far-reaching implications for healthcare stocks and drug prices, Rhenman & Partners Asset Management said this week.
Rhenman’s flagship Healthcare Equity Long/Short hedge fund gained 17.1 per cent in its main euro-denominated IC1 share class last year, bolstered by a 4.8 per cent monthly return in December.
The strategy – which trades a range of small, medium and large pharmaceuticals, biotechnology, medical technology and service company stocks – made profits in each of those sectors
Glafka Capital, an FCA-authorised alternative investments fund manager, has launched a digital currency arbitrage hedge fund which will be hosted on a VALK Corda powered platform. Investors in Glafka’s Starboard Digital Strategies will benefit from a fully institutional grade hedge fund, with a strategy that ‘taps on the opportunities generated by the extreme volatility in digital currencies and transforms them to uniquely high market neutral returns with low standard deviation’. The fund draws on the expertise of Glafka’s Digital Assets Group, ranging from derivatives trading, blockchain development, risk management and regulatory compliance.
Thanks to VALK’s digital infrastructure, institutional investors
Carne Group, a digitally driven platform for the asset management industry, has secured a EUR100 million investment from Vitruvian Partners.
TIG Advisors, the New York-based alpha-focused manager which makes growth equity investments in alternative asset management firms, has bought a minority stake in Hong Kong-based credit and distressed situations specialist Arkkan Capital.
TIG – which has around USD7 billion in assets, providing growth capital, infrastructure and management support to investment teams – acquired the minority revenue share interest from a fund managed by a Blackstone advisor and Arkkan seeder, which will remain an investor in the Hong Kong-based fund.
Established in 2013 by Jason Brown, Arkkan now has around USD1 billion in assets under management, targeting credit, distressed and special situations opportunities
Hedge fund managers have experienced “significant” performance dispersion over the past 12 months, with the biggest funds seeing the largest gaps between gains and losses, new industry data shows, once again underlining the importance of investor due diligence in separating winners from losers.
Hedge funds globally ended a tumultuous 2020 on a high, generating an average monthly gain in December of some 4 per cent, to bring full-year returns to more than 11 per cent, according to newly-published year-end performance data from eVestment.
The 10 biggest hedge funds tracked by eVestment generated returns of just 3.72 per cent between January
As more hedge fund firms pile into the digital asset and cryptocurrency space, analysts at the London-listed hedge fund giant Man Group say bitcoin’s recent volatility could be seen as “price discovery” in a new asset class, which will ultimately give way to greater stability in the currency, and more credibility among investors.
After a sustained surge which saw it reach a record high of USD41,000, bitcoin plummeted by more than 25 per cent earlier this week – its biggest collapse since March last year. Before the fall, the asset – considered the world’s foremost cryptocurrency – surged some 833
Hedge funds which generated striking returns in volatile energy markets last year are now preparing for a major rebound in oil in 2021, with post-vaccine travel demand, potential inflation hedges, and surging emerging markets growth all combining to push prices higher this year and beyond.
Proteus, a registered investment advisor, alternative investments and private funds platform, has added new model portfolios and pooled funds to its platform for RIAs, multi-family offices, independent broker-dealers and private banks. Read the full story at Wealth Adviser…
DE Shaw’s flagship multi-strategy fund delivered net returns of +19.4 per cent for investors in 2020, according to a person familiar with the firm’s results.
The DE Shaw Composite Fund (Composite), the firm’s largest fund, launched in 2001 and provides investors with exposure to the broadest array of the firm’s absolute return strategies. Last year’s returns, in what, for many, was a hugely volatile period, build on 2019’s net annualised return of +10.4 per cent.
DE Shaw is widely regarded as one of the industry’s most successful hedge fund managers. Since 2001, Composite has posted an annualised net return of
The Wilshire Liquid Alternative Index, which provides a representative baseline for how the broad liquid alternative investment category performs, returned 1.68 per cent in December, underperforming the 2.45 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.
“Markets enjoyed a strong finish to 2020 as clarity surrounding the U.S. election and the announcement of two Covid-19 vaccines pushed markets to all-time highs,” says Jason Schwarz, President and
