Funds
Hedge funds that trade emerging markets mounted a partial comeback last month following bruising double-digit losses earlier – but total invested capital in EM funds tumbled as the coronavirus crisis took its toll.
RessCapital, a specialist boutique hedge fund manager, is generating consistent uncorrelated returns with a novel investment strategy that focuses on the US life insurance industry.
Although lauded for their ability to outperform broader market indices, hedge funds’ “Best Ideas” do not excel relative to the rest of their portfolios, according to a study produced by Epsilon Asset Management, a quantitative investment firm, in collaboration with New York University.
The DE Shaw group, a global investment and technology development firm, has concluded fundraising for its initial onshore investment fund in China. The firm, a pioneer in quantitative investing established more than 30 years ago, has been active in mainland China since the mid-2000s, with a presence in Shanghai for more than a decade.
“We’re grateful for the opportunity to manage capital on behalf of a broad range of onshore Chinese investors, including institutions, asset managers, and high-net-worth individuals, and we’re pleased the fund is off to a strong start,” says Julius Gaudio, Executive Committee member, the DE Shaw group.
The DE Shaw Razor China
Investors have continued to withdraw capital from hedge funds following disappointing returns – but newly-launched products aimed at tapping into this year’s market dislocations could be boosting renewed allocator interest, new research by eVestment shows.
After generating double-digit returns during the coronavirus-fuelled market downturn with short alpha bets, Argonaut Capital Partners is now building key positions in cyclical industries to take advantage of the post-lockdown recovery.
Chicago-based CME Group plans to launch new options on its Micro E-mini S&P 500 and Micro E-mini Nasdaq-100 futures contracts, which will be available for trading in the autumn of 2020, pending regulatory review.
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Postera Capital, a specialist in crypto-specific investment products and strategies, has acquired sentiment analytics start-up Augmento. In 2018, Berlin-based Fintech Augmento began developing the sentiment analysis algorithm for cryptoassets, quickly becoming a major player in the alternative data industry.
With the acquisition, Postera Capital strengthens its position as a pioneer in crypto consulting as well as its investment vehicle Postera Fund – Crypto I, the first EU-regulated crypto fund.
The acquisition of Augmento, which has some of the most advanced forecasting capabilities in the industry, supports Postera’s expansion and development of its quantitative investment strategies.
“Augmento has developed a unique AI
Rosetta Analytics has launched RL One, a new reinforcement learning-driven investment strategy that aims to produce positive returns in any market environment. The strategy has been funded by a US institutional investor.RL One is a long/short strategy that generates returns through deep reinforcement learning, a category of machine learning that reacts and learns from its environment by determining which decision will result in the highest risk/reward trade-off. The reinforcement learning model predicts optimal long or short exposure to the S&P 500 Index on a market-close to market-close basis. This exposure could range from 100 per cent long to 100 per
Osmosis Investment Management, a London based sustainable asset manager, has closed an equity investment from Capricorn’s Sustainable Investors Fund, a seeding fund focused on sustainable and impact investment managers. The deal, which was closed in the first quarter of 2020, will see Capricorn’s Sustainable Investors Fund join the Oxford Endowment Fund as large minority shareholders of Osmosis (Holdings) Limited and Capricorn partner Michaela Edwards take a seat on the Osmosis board. The strategic equity investment will deepen the firm’s US presence and facilitate the launch of the Osmosis Sustainable Market Neutral Strategy for US investors.
The strategy will be a levered
