Funds
As sustainable investing and ESG (environmental, social, and governance) trends continue to soar among hedge funds, new research by BlackRock suggests a majority of ESG-tilted investment portfolios have outperformed non-sustainable counterparts during this year’s coronavirus-fuelled downturn.
Traditional long/short fund Lighthaven Capital has committed to help in the fight against coronavirus by donating 25 per cent of its performance fees to fund research into Covid-19. Here, Founder and CIO Eric Chung explains how a forward-thinking outlook is key to the firm’s investment philosophy…
Investors pulled more than USD85 billion out of hedge funds during March – some 2.7 per cent of total industry assets globally – amid growing fears over the economic impact of the coronavirus pandemic, new data from BarclayHedge shows.
Investor redemptions skyrocketed from USD8.1 billion in February to USD85.6 billion the following month, with hedge funds in continental Europe the hardest hit, according to BarclayHedge’s Barclay Fund Flow Indicator.
Continental European hedge fund managers suffered outflows of USD38.3 billion, while across the Atlantic US hedge funds recorded USD31.6 billion in redemptions. Funds in the UK meanwhile lost USD24.7 billion in
Dallas headquartered Strait Fund Services (STRAIT) has made a strategic hire in Houston, Texas with the appointment of Michael Barakat.With almost 20 years of financial services experience in creating and implementing compliance programs at institutional asset management firms, Barakat will be instrumental in broadening the firm’s compliance offering and providing senior-led solutions for STRAIT’s nationwide hedge fund and private equity clients.
Barakat will be responsible for growing awareness of STRAIT’s compliance services and designing and executing compliance programs for the firm’s existing and new clients. Michael joins STRAIT after leading teams and implementing compliance initiatives at AIG Retirement Services.
O’Neil Global Advisors (OGA) and affiliates William O’Neil Investment Management Shanghai Ltd and O’Neil Capital Management India Pvt Ltd have launched a family of investment funds utilising algorithmic trading strategies based on proprietary quantitative factor research pioneered by William J O’Neil.O’Neil Global Advisors launched three funds in February 2020 that capture the success of Mr O’Neil’s disciplined approach to investing and is currently seeking qualified investors. The company’s data scientists and engineers utilise a database with more than 100 years of market and stock information to build proprietary metrics that help identify stocks poised to generate alpha. The funds include
Refinitiv is adding Bank Bills pricing information to its real-time data feed, thanks to its newly-expanded partnership with trading platform Yieldbroker. Customers will receive critical information relating to short-term funding, balance sheet management, along with hedging strategies and necessary instrument valuation and risk management.
Read the full story at Institutional Asset Manager…
While volatility-focused hedge funds can often experience dramatic swings in performance, the long lean periods punctuated by sporadic surges in returns, Dominicé & Co Asset Management, a Geneva-based volatility-focused manager, has seen its long-running Cassiopeia fund flourish with consistency.
Dominicé, which was founded in 2004 by ex-Lombard Odier head of US and global equities Michel Dominicé, today manages some USD900 million in assets, its products spanning a range of investment strategies, including volatility, equities and real estate, as well as wealth management services.
The firm’s long-running equity volatility and derivatives-focused strategy, Cassiopeia, takes a defensive approach to markets, aiming to
Outsourced trading solutions provider Tourmaline Partners has received a majority investment from Copley Equity Partners, a private investment firm that focuses on established businesses with significant growth prospects.
Standpoint Asset Management has launched the Standpoint Multi-Asset Fund which the firm describes as ‘a liquid, low cost, and tax efficient investment to access uncorrelated returns’.The fund takes an all-weather approach to investments, with the goal of having consistent returns with low volatility.
Standpoint is led by founder Eric Crittenden, who has over 20 years of experience researching, designing, and managing alternative asset portfolios on behalf of families, individuals, financial advisors, and other institutional investors, and Chairman and veteran hedge fund manager Tom Basso.
As of 30 April, the Standpoint Multi-Asset fund returned a positive 2.30 per cent Year-To-Date (YTD),
As the economic toll of the novel coronavirus mounted, managed futures posted another positive month in April gaining 0.12 per cen,t according to the Barclay CTA Index, compiled by BarclayHedge, a division of Backstop Solutions. Year-to-date, CTAs gained 1.43 per cent through the end of April.
“Equity markets rallied in response to massive US government economic stimulus, pushing the S&P 500 Total Return Index to gain 12.82 per cent in April,” says Sol Waksman, president of BarclayHedge. “Many CTAs held their profitable short equity positions from March into April only to see those profits turn to losses. Fortunately, downtrends in energy
