Funds
Angel Island Capital (AIC), a San Francisco-based multi-strategy credit investment advisor and portfolio company of Golden Gate Capital, has closed approximately USD440 million in commitments to AIC Opportunities Fund II (AIC COP II). The Fund is AIC’s inaugural third-party capital investment vehicle and backed by a group of institutional investors.
Founded in 2008 and led by CEO Dev Gopalan, AIC launched AIC COP II as part of the firm’s Credit Opportunities Strategy, which focuses on investments in performing debt of middle-market companies in industries where AIC has domain expertise. The Fund was seeded in 2019 with a diversified portfolio of private
In his latest monthly blog, Joel Press, formerly a senior partner and Head of the Global Hedge Fund Practice at Ernst & Young, and a leading voice on hedge fund operations and co-ordination services, looks at how hedge fund managers can protect themselves and their investors from the impact of Covid-19…
Trend-following hedge fund strategies’ strong start to 2020 was eroded during last month’s market volatility, leaving CTAs down for February and flat year-to-date.
But managed futures’ funds resilience – they ultimately stemmed losses amid last week’s dramatic sell-off through long bets in bonds and the US dollar – demonstrates their continued ability to capitalise on opportunities, said Tom Wrobel, director of capital consulting at Société Générale Prime Services and Clearing in London.
Société Générale’s SG CTA Index – which tracks the daily performance of a select pool of the largest trend-following managers – was up 4 per cent at February’s
EEX has reported significant increases across its markets in February with the power spot market up by 15 per cent to 53.7 TWh. This was largely driven by the solid performance on the Intraday market which grew by 44 per cent compared to 2019.A rise in the European power derivatives markets was mainly due to the excellent performance in French (+50 per cent) and Spanish Futures (+21 per cent) as well as Hungary (+123 per cent) which continues to establish itself as a new liquidity hub in the CEE region. Furthermore, with 410 GWh traded in February, EEX achieved a
Alternative investment manager FS Investments (FS) has closed its previously announced acquisition of Chiron Investment Management (Chiron).“By adding the Chiron funds and team to the FS platform, we are better able to serve our clients with a broader set of solutions and expanded distribution,” says Michael Forman, Chairman and Chief Executive Officer of FS Investments. “Our complementary investment approaches also position us to be a leader in developing model portfolios that combine traditional and alternative strategies.”
Chiron is a global multi-asset investment boutique that employs an active investment approach rooted in quantitative analytics and fundamental research. Chiron manages three funds
Absolute Return Partners recommends keeping a lid on equity beta positions as US stocks look set to mean-revert following their long bear run – with shipping and uranium being two investment themes arising out of the move.
In ARP’s March note, founder and chief investment officer Niels Clemen Jensen observed how US equities remain relatively expensive, with corporate profits not as strong as the stock market would suggest, and S&P 500 operating profits out-of-sync with NIPA (National Income and Products accounts) profits.
In particular, corporate profits and stock market performance – which traditionally moved in the same direction – are
LRI Invest, an investment services company and subsidiary of Apex Group Ltd, is marking the three-year anniversary of the UCITS umbrella DIAMOND I SICAV, part of the TAO Alternatives strategy. The umbrella will complete its three-year live track record on 31 March, 2020.
At its thirteenth year, the TAO Alternatives liquid alternative investment strategy is one of the longest standing in the Macro/Risk Premia space and exhibits a live track record of 6.4 per cent net average annual return.
It was set up in 2007. To enable external investors access to the fund, it is under the general management of LRI
Carbon Cap Management, a London based environmental asset management firm has launched the World Carbon Fund, a globally diversified fund investing into multiple liquid and regulated carbon markets. The Fund pursues an absolute return strategy, seeking to deliver positive returns with a low correlation to traditional and alternative asset classes as well as a direct impact on climate change. The fund will invest into and trade liquid carbon allowance certificates, carbon futures and carbon options.
Carbon Cap has conducted proprietary research into carbon markets including a research paper “The Carbon Risk Premium” which analyses carbon as a liquid and investable asset
JP Morgan Alternative Asset Management is rolling out a new long/short ESG-focused hedge fund strategy, which aims to generate alpha by trading a range of global sustainability themes – but warns that more work is needed on ESG education within the hedge fund industry.
By Don Steinbrugge, Agecroft Partners – Equity markets around the world sold off last week because of uncertainty relative the Coronavirus’ impact on the global economy and corporate profits. No one knows how bad the economic impact might be, but the worst case scenario or potential “tail risk” is truly frightening relative to loss of life, contraction in global GDP and implosion in the financial markets.
One thing we are confident in is that globally coordinated monetary stimulus will not be very effective in preventing an economic meltdown due to preventative measures in reducing the spread of the virus.
The
