Funds
Man Group has seen its funds under management tumble 8 per cent this year, as investment performance took a hit and investor redemptions spiked during the coronavirus crisis – but CEO Luke Ellis says the London-headquartered publicly-traded hedge fund group remains well-positioned despite 2020’s ongoing challenges.
Equiom has acquired HF Fund Services Ltd, a provider of non-executive independent directors to alternative investment funds and investment management companies which was founded in 2007 by Sean Flynn and Patrick Harrigan.
Hedge fund short sellers could soon be circling the troubled Russian gold miner Petropavlovsk, after Polygon Global Partners built a sizeable short bet in the London-listed company, which is facing major governance issues.
BACCI Investment Solutions, a discretionary financial services provider based in South Africa, has launched its inaugural Irish UCITS fund, the BACCI Global Equity Fund, on the Prescient Global Funds ICAV platform.
The UCITS compliant fund aims to achieve optimal and consistent returns over time, investing in global equity markets. BACCI Investment Solutions aims to invest in quality companies with good long-term prospects, a credible track record and a robust business model. They utilise a solid fundamental analysis approach over time, aiming to minimise any style bias, resulting in a concentrated yet well-diversified portfolio. The reference benchmark is the MSCI World
Injective Protocol, a fully decentralised derivatives exchange protocol, has raised USD2.6 million dollars in a seed funding round led by Pantera Capital with participation from institutional investors including QCP’s investment arm QCP Soteria, Axia8 Ventures, and OK’s strategic investment partner K42.Injective Protocol aims to solve critical scalability and user experience bottlenecks that trouble decentralised exchanges (DEXs). Beyond providing working capital, the new strategic investors will also provide liquidity solutions for the decentralised exchange as well as support Injective Protocol’s business development and market brand recognition internationally.
Paul Veradittakit, Partner at Pantera Capital, commented on Injective Protocol, says: “Injective Protocol scalably
Investcorp, a global provider and manager of alternative investment products, has held the final closing of a cEUR250 million collateralised loan obligation (CLO), known as Harvest CLO XXIV DAC (Harvest XXIV).
Hedge fund investors are evenly split over how satisfied they are with the industry’s performance this year, according to a new industry poll by investment consultant bfinance.
bfinance’s mid-year asset owner survey, ‘Managing through Uncertainty’, quizzed a range of investors – including pension funds, insurers, endowments, family offices and sovereign wealth funds – on the first-half performance of various investment products, such as hedge funds, private equity, real estate, and risk premia.
Altogether, the 368 senior investors surveyed represented assets of some USD11 trillion.
Overall, more than four-fifths (82 per cent) of survey participants expressed satisfaction with how their portfolios performed during
Fulcrum Asset Management, the USD4.4 billion London-based multi-asset manager, is preparing to launch two new hedge fund strategies – an equity diversifier fund and a market neutral offering.
The two funds, Fulcrum Equity Dispersion and Fulcrum Thematic Equity Market Neutral, are existing strategies carved out of the firm’s Diversified Absolute Return Fund.
Fulcrum Equity Dispersion will launch as a separate fund after three years within the DAR strategy, having generated strong performance during volatile periods.
The strategy – which rolls out with USD110 million on 31 July, managed by Stephen Crewe – is positioned as a portfolio diversifier, with positive carry
Sudrania Fund Services Corp (Sudrania) added 52 new clients to its platform in the first six months of 2020, including hedge funds, CTAs, and crypto funds. Nilesh Sudrania, Founder & CEO of Sudrania, says: “Knowing that fund managers want to move away from legacy software platforms validates our vision for a seamless, cloud-based fund administration model. Being first to market in 2016, it is gratifying that 200+ clients value our end-to-end, asset-agnostic solution coupled with a high-touch service experience, which is delivered by a seasoned team with deep fund industry experience.
“Our focus has consistently been on providing holistic infrastructure that
Options, a provider of cloud-enabled managed services to the global capital markets, has connected to production trading and test services B3 – Brasil Bolsa Balcão in São Paulo, Brazil. Options’ clients can now access and trade Commodity Derivatives, Derivatives, Equities and Indices products at this top tier exchange and can now avail of ultra-low latency market access across all asset classes utilising Options’ fully resilient global trading backbone.
Options have successfully deployed colocation infrastructure at all exchanges as part of its extensive 2020 global platform expansion and connectivity to B3 is a critical step in satisfying increasing client demand to connect
