Funds
Five former senior members from Stewart Investors are among the founding members of new London-based investment boutique, Aikya Investment Management (Aikya). The former Stewart Investors team members include Ashish Swarup, Tom Allen, Alan Nesbit, Michael Summers and Alex Khosla.
Swarup was the lead portfolio manager on several emerging markets and Asia Pacific strategies offered by Stewart Investors. Allen was co-manager with Swarup on a number of these strategies. Other founding members of the firm are former Fidelity Institutional Asset Management (FIAM) Emerging Markets All Cap Strategy portfolio manager, Rahul Desai, and former Income Partners Asset Management senior analyst, Trevor Fung. Desai
A major new standalone operation in the quant-driven, discretionary global macro space has gone live with the spin-out this month of Maniyar Capital Advisors (MCA) from Tudor Investment Corporation.
TransFICC, a specialist in low-latency connectivity and workflow services for fixed income and derivatives markets, has raised GBP5.75 million in a Series A investment round.Read the full story at Private Equity Wire…
By Don Steinbrugge, Founder and CEO, Agecroft Partners – The massive dislocations in the fixed income markets in March caused huge divergence in performance among hedge fund managers with similar strategies.
Certain absolute return multi-asset strategies which offer all-weather return profiles have withstood the recent market turbulence, delivering “impressive” capital preservation which bodes well for future investor appetite, according to Bfinance.
Multi-asset absolute return funds lost some 2.1 per cent on average during last month’s turmoil, a “rather modest” slide compared with investment grade credit and absolute return fixed income strategies, which tumbled some 7 per cent, and the MSCI World index, which lost more than 20 per cent, said Chris Stevens, director, diversifying strategies at Bfinance.
“While most asset managers in this space lost money during an extremely testing first
Pershing Square CEO Bill Ackman’s “very negative view” and “good sense of timing” powered the firm’s stellar USD2.6 billion gain last month but the high-profile activist hedge fund manager does not fear a protracted 1930s-style depression as a result of the Covid-19 shutdown.
The trend towards responsible investing and ESG is likely to maintain its momentum despite the potentially far-reaching impact of the coronavirus crisis, according to new research by Man Group.
Hedge fund managers were down 6.00 per cent in March, outperforming global equities which languished 13.99 per cent over escalating COVID-19 outbreak concerns. Around 80 per cent of the hedge fund managers tracked by Eurekahedge were able to outperform the global equity market during the month.
Fund managers utilising long volatility and tail risk strategies, which are known to provide crisis alpha and tail risk protection have returned 36.5 per cent year-to-date. Among the more traditional hedge fund strategies, CTA/managed futures funds were up 1.90 per cent in Q1, outperforming other major strategies for the year.
ACA Compliance Group (ACA) has appointed Carrie Yonenson as Chief Human Resources Officer (CHRO) and Dave Metzger as Chief Financial Officer (CFO).Carrie Yoneson joins ACA with over 14 years of experience in human resources and employment law. In the newly established CHRO position, Carrie will be an integral part of the leadership team at the firm. In her role, she will oversee all aspects of ACA’s human resources and people strategy, including talent management, leadership development, compensation and benefits, and reward and recognition.
Yoneson joins ACA from Atos IT Solutions and Services. At Atos she served as the Human Resources
What will the correction in oil mean for energy credits?
What will the correction in oil mean for energy credits?