Funds
The rate of new hedge fund launches grew between April and June following the coronavirus-fuelled first quarter slump, as hedge fund performance recovered – but the number of new roll-outs over the past 12 months remains “historically low”, Hedge Fund Research says.
New hedge fund launches totalled an estimated 129 in the second quarter. That number was a sharp increase on Q1 which proved the highest quarterly launch total since 153 funds were rolled out in Q2 2019, according to HFR’s latest Market Microstructure Report.
But the number of estimated fund launches during the preceding four quarters reached just 404
Cineworld, the beleaguered London-listed global cinema group long targeted by hedge fund short sellers, has been dealt a fresh blow as a result of the Covid-19 pandemic, reporting a USD1.6 billion first-half loss with revenues plummeting after theatres were forced to close.
“Our motto is: ‘no beliefs, only processes’,” says Julien Messias, portfolio manager and co-founder of French systematic hedge fund Quantology Capital Management. “We are agnostic as to where the market will go – it is impossible to forecast. So what we trust are our processes.”
The Tungsten TRYCON AI Global Markets Find, which was one of the first AI-based UCITS strategies when it launched back in 2013 is up 4.1 per cent YTD in 2020. In the drawdown period up to March, when many portfolios suffered considerable losses, it was able to generate a gain of over 5 per cent.
The TRYCON fund, managed by Frankfurt-based asset management company Tungsten Capital Management, is designed to deliver uncorrelated returns.
“Government bonds hardly generate adequate returns against the background of the low interest rate environment. In investor portfolios today, much of the pressure to succeed is on
More than USD1.6 billion of private client funding has been raised by HSBC Private Banking for so far in 2020 for hedge funds, private equity, private credit and a private REIT strategy.
Read the full story at Wealth Adviser…
Investors continued to add more money to hedge funds last month – after pouring more than USD9 billion into the industry in July – as the sector recovers from a bruising four-month run of withdrawals and allocators drift back to the sector, new industry data shows.
Altogether, hedge funds attracted some USD7.36 billion of positive inflows in August, according to eVestment, whose latest flows report highlighted an “impressive” breadth of allocations despite a reduced volume of asset movement compared to recent months.
But it also warned of a “rocky” outlook, with investor sentiment hinging on how successfully hedge fund strategies of all
Pierre-Henri Flamand, Man GLG’s CIO emeritus and hedge fund industry veteran, says the huge economic stimulus from governments to combat the coronavirus crisis is fuelling the threat of inflation, and is warning investors to “be vigilant rather than to relax”.
The unprecedented cash injections from central banks and governments this year to support economies suggest a “clear threat that we may be entering an inflationary decade”, said Flamand, a former star manager at Goldman Sachs and now senior investment adviser at UK hedge fund giant Man.
He believes the inflation threat far outweighs the challenges posed by the upcoming US
The team behind the Lyxor Chenavari UCITS fund is repositioning the strategy for upcoming alpha-generating opportunities arising from the “choppy waters” of the forthcoming US election and Brexit.
Licensed fund manager, The Panxora Group, is now accepting subscriptions for the launch of a quantitative hedge fund designed to generate profits from the rapidly growing decentralised finance or (DeFi) token market. The fund will start trading on Monday, 2 November, 2020.
Panxora has launched the Cayman Island based DeFi Fund to give investors access to the decentralised finance market opportunities, while managing the volatility that is a characteristic of any new, rapidly growing market. This is made possible by Panxora’s AI trading software, which is designed to give equal weight to profit generation and capital preservation. The models have
Emerging market debt-focused hedge funds are staying patient amid “weaker alpha environment” – here’s why…
Emerging market debt-focused hedge funds are staying patient amid “weaker alpha environment” – here’s why…