Funds
In the three months to 30 September 2019, FUM at Man Group decreased 1 per cent to USD112.7 billion driven by net outflows of USD1.1 billion (comprising sales of USD6.6 billion and redemptions of USD7.7 billion) and negative FX and other movements of USD1.3 billion, partially offset by positive investment movement of USD0.7 billion.
Absolute return FUM increased by USD0.4 billion in the quarter. Flows were broadly flat, with inflows into AHL Institutional Solutions and AHL Alpha offset by outflows from Man GLG’s equity and credit strategies. Positive investment movement of USD0.6 billion was driven by positive performance at Man
Merian Global Investors (MGI) is to acquire the multi-asset business from Kestrel Investment Partners.
As part of the deal, which is expected to complete in December 2019 (subject to regulatory and shareholder approval), the entire Kestrel multi-asset team will join MGI, including head of desk and lead fund manager John Ricciardi. He will report to MGI’s CEO, Mark Gregory. John is joint CEO of Kestrel, a business he co-founded with the partners of Kestrel Partners LLP in 2011. He has over three decades of multi-asset investing experience, including six years as global head of asset allocation for Alliance Bernstein.
Cryptocurrency liquidity provider and electronic OTC trading specialist B2C2 has launched a product for trading gold directly against Bitcoin (XAU/BTC).
The launch marks the beginning of B2C2’s expansion beyond its core crypto focus and is underpinned by a significant rally in so-called deflationary assets over the past six months that saw gold appreciate 15 per cent and Bitcoin’s price roughly double.
The new product will allow institutional clients to trade gold synthetically with B2C2 OTC Ltd., which is authorised and regulated by the Financial Conduct Authority in the UK, via B2C2’s award-winning platform. Clients will also be able to
Aggregate hedge fund industry performance slipped into the red again in September, with the industry returning -0.11 per cent last month, according to eVestment September 2019 hedge fund performance figures.
This marked the second consecutive month of negative industry returns, although the industry is still positive for the year, with aggregate year-to-date (YTD) industry returns coming in at +6.35 per cent. Across the industry, 82 per cent of products have produced positive results in 2019 with average gains among positive performers of +10.56 per cent.
There’s more green than red in returns across the strategies and fund types eVestment
Hedge funds posted mixed performance in the volatile month of September, as quantitative, trend-following CTAs declined, reversing August gains, on rising US interest rates, while equity markets traded in a wide intra-month range.
The HFR Asset Weighted Composite Index posted a modest gain of +0.01 per cent in September, while the HFRI Fund Weighted Composite Index declined -0.27 per cent for the month, with gains in Event-Driven, Equity Hedge and RVA partially offsetting Macro declines, according to data released today by HFR, the established global leader in the indexation, analysis and research of the global hedge fund industry.
The
Napoleon Capital, with the support of BNP Paribas Asset Management (‘BNPP AM’), has launched Napoleon World Equities AR Dynamix Fund, providing access to an absolute return quantitative strategy investing in global equities.
Available since 3 September, the fund is one of the first resulting from the partnership between BNPP AM and Napoleon Capital, which began a few months ago.
The fund offers exposure to a unique systematic index that is part of the Dynamix family, launched by Napoleon Capital and administered and calculated by Napoleon Index. The index is based on underlying strategies that are combined using statistics and
Given the current market uncertainty, start-up and emerging hedge fund managers must be clever in their choices when bringing a fund to market in 2020 and beyond. And this November, the inaugural Hedgeweek Emerging Manager Summit will provide a forum for managers to explore the challenges and opportunities they must consider en route to a successful launch…
Start-up and emerging managers face an uphill battle to establish and differentiate themselves in such a competitive market space. There are many opportunities that emerging managers can take advantage of when first starting out on their journey. However, having an awareness of the
PEGAS, the pan-European gas trading platform of EEX Group operated by Powernext, registered a total volume of 194.0 TWh traded in September 2019.
With 101.2 TWh, the spot segment saw 40 per cent growth compared to 2018 (September 2018: 72.4 TWh), driven by the good performance of the Dutch TTF, which volumes (September 2019: 48.4 TWh) almost doubled compared to 2018 (September 2018: 24.9 TWh). The NBP reported a record month with 442.2 GWh traded on the platform (previous record: 356 GWh in July 2018).
On the futures segment, 92.6 TWh were traded (September 2018: 96.8 TWh).
The
Ares Management Corporation (Ares) and Fidante Partners (Fidante) have established a strategic joint venture to coordinate the marketing and investment management of retail and institutional investor capital from Australia and New Zealand for Ares’ various Credit, Private Equity and Real Estate strategies.
To support the joint venture, the two companies have formed Ares Australia Management (AAM), which will act as the investment manager for new investment vehicles specifically structured for investors in Australia and New Zealand.
AAM will be well positioned to benefit from the long-term trends and structural advantages driving increased demand for alternative investment products in the
Hazeltree, a provider of integrated treasury management and portfolio finance solutions, has acquired ENSO Financial Analytics (ENSO), a provider of portfolio analytics for hedge funds and prime brokers, previously owned by CME Group Inc.
ENSO will become an integral part of Hazeltree’s product suite, and its prime brokerage, asset management, technology and data specialists will be integrated with Hazeltree’s team to continue to focus on customer support and product innovation.
“We’re thrilled to join forces with the ENSO team as our combined talents in treasury, portfolio finance, data, and technology will offer unparalleled expertise and support to investment managers,
