Funds
GoldenTree Loan Management II (GLM II) and its affiliated investment manager GoldenTree Asset Management, has closed a USD443 million collateralised loan obligation (CLO) to be managed by GLM II. With the closing of this CLO, GoldenTree Loan Management US CLO 8 (GLM US CLO 8), GoldenTree has issued 13 CLOs totalling USD7.5 billion under its GLM CLO strategy. Since its inception in January 2017, the GLM strategy was intended to be compliant with applicable Risk Retention regulations. While a US Court of Appeals ruling on 9 February, 2018 led to repeal of risk retention for open market CLOs, GLM CLOs are
Chicago-based hedge fund Citadel, and global market maker Citadel Securities are to open an new office in Singapore.
Delbrook Capital, a Vancouver-based specialist metals-focused long/short equity hedge fund, has continued to capitalise on this summer’s soaring precious metal prices.
London-based oil-focused hedge fund Westbeck Capital suffered a small dip in July after failing to capitalise on strong oil equities returns – but the strategy still remains up almost 70 per cent so far this year, with the firm now strongly bullish on an imminent price surge.
Westbeck has taken a cautious tone on the commodity short-term, but is becoming increasingly buoyant on a price rise next year, with oil predicted to follow on the heels of gold as a major beneficiary of strong investor inflows.
“We plan to remain aggressively exposed to oil equities on the long side for
Hedge funds reversed course in June from the pandemic-driven redemption trend of prior months, posting USD15.1 billion in inflows. It was a significant turnaround from USD8.0 billion in outflows in May, USD38.1 billion in April and USD85.6 billion in redemptions in March.
July’s inflows represented 0.5 per cent of industry assets, according to the Barclay Fund Flow Indicator published by BarclayHedge, a division of Backstop Solutions.
The hedge fund industry turned in another profitable trading month as well, earning a USD34.7 billion trading profit and bringing total industry assets to more than USD3.11 trillion as the month ended.
Data from
CF Benchmarks, a cryptocurrency index provider, has launched A new index that aims to accurately reflect the circulating supply of each comprising crypto (or index constituent) has been launched by CF Benchmarks.Read the full story at Institutional Asset Manager…
Hedge funds continued their strong performance in July, with the Preqin All-Strategies Hedge Fund benchmark gaining 3.29 per cent, compared to June’s +2.53 per cent. This brought the YTD performance into positive territory (+2.88 per cent), and pushed the 12-month return to +5.46 per cent.
Equity strategies were the best performing top-level strategy tracked by Preqin in July, posting returns of +3.28 per cent, the same as in June. Global equities markets have recovered to almost record levels for some indices, aiding returns. Event driven strategies were the next best performing (+3.15 per cent), while credit strategies lagged (+1.35 per cent).
The convertible bond market is “quietly thriving” in the aftermath of the market shock brought about by the coronavirus crisis, says Man GLG, the long-running discretionary hedge fund management unit of Man Group.
Convertibles’ primary market has seen record levels of new issuance this year – particularly in the US – with many first-time issuers entering the fray, while at the same time the asset has cheapened to levels not seen for some years, Man GLG said in a commentary this week.
This flurry of activity offers investors “a potentially attractive entry point” into the market, boosting convertible bonds and
The Hoya Capital Housing ETF (HOMZ) is now the lowest cost fund in FactSet’s Equity: US Homebuilding segment following a cut in expesne ratiop from 0.45 per cent to 0.30 per cent.Read the full story at Hedgeweek…
US dollar second only to gold as good investment right now, says RWC Partners
US dollar second only to gold as good investment right now, says RWC Partners