Funds
Independent depositary and fund oversight provider INDOS Financial has announced it has been appointed to provide AIFMD depositary and anti-money laundering (AML) compliance officer services to the newly launched VI Global Equity Fund, a Cayman Islands domiciled master/feeder fund. The fund follows a fundamental long/short strategy and is managed by UK-based Lijaro Asset Management.
INDOS Financial CEO, Bill Prew, says: “Despite the challenges of Covid-19 it is very much business as usual for INDOS as we continue to on-board new clients. We are delighted to be providing independent depositary and AML officer services to the Lijaro fund. The appointment highlights the
The Covid-19 pandemic’s impact on hedge fund redemptions continued in April as the industry experienced USD38.1 billion in outflows. While a sizeable sum, the net redemption total was less than half of March’s USD85.6 billion redemption total.April’s redemptions represented 1.3 per cent of industry assets, according to the Barclay Fund Flow Indicator published by BarclayHedge, a division of Backstop Solutions.
A positive note was a USD101.2 billion monthly trading profit fuelled by an April stock market rally, bringing total hedge fund industry assets to more than USD2.99 trillion as April ended, up from USD2.86 trillion at the end of March.
Continued central bank support amid the Covid-19 pandemic is creating “bubble-style valuations” in markets, according to Chenavari Investment Managers, a London-based credit-focused hedge fund.
The LoCorr Macro Strategies Fund (LFMAX, LFMCX, LFMIX), has surpassed the milestone of USD1 billion in net assets.
The LoCorr Macro Strategies Fund is not only the largest fund in the firm’s suite of low correlating solutions, but is the fastest growing fund with the highest net flows in its Morningstar Managed Futures category over the past 12-month period ending 5/31/2020.
Since inception in 2011, the Fund has delivered strong risk-adjusted returns and has outperformed both its benchmark and the Morningstar Managed Futures Category, as of 5/31/2020. Based on risk adjusted returns for the same period, the Fund (Class I)
The SS&C GlobeOp Forward Redemption Indicator for June 2020 measured 4.24 per cent, up from 4.00 per cent in May.
“SS&C GlobeOp’s Forward Redemption Indicator for June 2020 of 4.24 per cent was closely in line with historical averages for the month of June, though up somewhat from the very favourable 3.81 per cent reported a year ago,” says Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies. “This level of redemptions is consistent with other recent data points, indicating generally steady overall trends in asset retention for the hedge fund sector since the Covid-19 outbreak.”
The SS&C GlobeOp Forward Redemption
Hedge funds are circling Wirecard AG, the troubled German electronic payment processing company, which saw its share price plummet further on Friday morning (19 June) following revelations of alleged accounting imbalances.
The Munich-headquartered company revealed this week that some EUR1.9 billion worth of reported cash balances – an estimated quarter of its total balance sheet – could not be verified by auditor EY.
Shares in the DAX 30-listed firm crashed following the statement, sliding from EUR100.40 on Thursday to under EUR20 at one point on Friday morning.
Wirecard is now a key a target of several short-sellers, with well-known hedge funds including
Wells Fargo’s alternative investment feeder fund platform, which supports a full suite of alternative investment solutions including hedge funds and direct private investments, is to be acquired by iCapital Network.Read the full story at Wealth Adviser…
With long-term volatility likely to remain at elevated levels, the LFIS Vision UCITS – Perspective Fund is primed to capitalise on opportunities in rangy equity markets.
The fund – which is run by Edouard Laurent-Bellue, partner and head of fund solutions at the Paris-based quantitative investment manager – allocates to traditional credit and equity assets, while also taking a “fresh look” approach at the established model of multi-asset investing.
The Perspective strategy’s carry and contrarian approach, built around strict allocation and risk management guidelines and limited idiosyncratic risk, has helped it not only weather 2020’s turbulent environment but also demonstrate
Welton Investment Partners (Welton), an alternative investment manager specialising in non-correlated, actively managed strategies that incorporate quantitative expertise for maximum investor impact, has launched ESG Advantage offering investors a new way to integrate risk mitigation strategies to improve investor outcomes for sustainable investing in the public equities markets. The strategy seeks to elevate ESG away from market risk and beyond market-only performance and to deliver superior, uncorrelated returns over the longer-term in periods of market expansion and contraction.
“ESG Advantage is designed to provide investors with equity-like returns during bull markets and significant downside protection by mitigating systemic risk during
Gramercy Funds Management has expanded its presence in London with the hiring of two experienced research analysts through its affiliated entity Gramercy Ltd. Tolu Alamutu joined as Senior Vice President in June 2020 and James Barry joined as Vice President in November 2019. Both report to Philip Meier, Managing Director and Head of Emerging Markets Debt.
“The addition of Tolu and James to our research team not only strengthens Gramercy’s research capabilities, particularly in the critical regions of CEEMEA and Asia, but also reaffirms our commitment to increasing our footprint in London and Europe more broadly,” says Meier, “Despite the recent
