Funds
With the net flow of investor capital remaining firmly positive for the year, and slightly positive for April, the global hedge fund industry seems to be on positive footing so far in 2018.
However, nearly 63 per cent of reporting managers faced some level of net outflow in April, the most elevated level seen since October 2016. Those outflows were generally small though and were outweighed by new funds coming into the industry.
Investors allocated an additional USD1.78 billion to hedge funds during April, bringing year-to-date (YTD) flows to the industry to USD13.67 billion and total industry assets under
London-based Carmika Partners is to offer its alpha generating equity tail-risk strategy to investors through Kettera Strategies’ Hydra, a managed account marketplace for macro, commodities and liquid equity hedge fund strategies.
Carmika was founded in 2015, by two industry veterans, Manjeet Mudan and Martin Vestergaard, who met when working at Goldman Sachs. Kettera’s Hydra will offer Carmika’s Alpha Hedge Strategy, which is focused on isolating anomalies across equity option volatility markets globally, while limiting risk through an asymmetrical hedge with positive convexity to the up- and down-side and maintaining the ability to benefit from an improvement in markets.
“We
Apis Capital Management has launched the Apis Token which is designed to enable investors to profit from an actively managed investment strategy, which has returned over 70 per cent per year since inception, while benefiting from the liquid and tradeable nature of blockchain-based tokens.
The token will begin its private presale this June, is built using the Steller network and leverages its state of the art blockchain technology that benefits from best in class speed, efficiency, security and lowest transaction fees. With this initiative, Apis is leading the industry in democratising hedge fund investing.
Dr Edgar Radjabli (pictured),
InfoHedge Technologies has reported significant growth over the last six months in its outsourced IT and cloud-hosted client base.
With nearly 350 clients leveraging its services globally, InfoHedge Technologies sees this as a direct result of many firms relying on systems, tools, and teams that have not been optimised to fit their expanding needs and need premier service without costly overhead.
“While today’s Information Technology department has become an increasingly critical stakeholder at most alternative firms, they are often unprepared or understaffed to address the monumental task of mapping the IT landscape,” says Alexander Kouperman (pictured), President of InfoHedge
The flash estimate for the Barclay CTA Index, compiled by BarclayHedge, indicates a 0.23 per cent gain in April. Year to date, the Index is down 1.42 per cent.
“New US sanctions targeting Russian oligarchs pushed aluminium prices to six-year highs, while crude oil prices rose to their highest level in four years after threats of US withdrawal from the Iran nuclear deal stoked fears of increasing Middle East instability,” says Sol Waksman (pictured), founder and president of BarclayHedge.
The Currency Traders Index gained 0.71 per cent in April, Discretionary Traders were up 0.63 per cent, Diversified Traders added
Chinese hedge funds posted three consecutive months of declines through April after surging 5.8 per cent in January and 31.1 per cent in 2017 as the Japanese Yen and Renminbi reversed early 2018 gains and the US Dollar strengthened, according to the latest HFR Asian Hedge Fund Industry Report.
In the first three months of 2018, the HFRI EM: China Index climbed 0.8 per cent, topping the 4.2 per cent decline of the Shanghai Composite Index by over 500 basis points (bps) in Q1 2018. However, the HFRI China Index declined 1.3 per cent in April, bringing the YTD return
Union Bancaire Privée, UBP SA (UBP) is launching a new strategy on its alternative UCITS platform, an equity arbitrage fund launched in partnership with London-based alternative investment manager Cheyne Capital Management (UK).
U Access (IRL) Cheyne Arbitrage UCITS is the fourth addition to UBP’s alternative UCITS platform, which now has close to CHF 700 million in assets under management.
U Access (IRL) Cheyne Arbitrage UCITS is managed by Pierre di Maria, head of Event Driven Strategies at Cheyne Capital, who has more than 18 years of experience in this asset class and an impressive pedigree, having managed significant assets
Hedge funds bounced back to positive territory in April, up 0.55 per cent with the underlying markets, as represented by the MSCI AC World Index (Local) up 1.18 per cent over the same period, according to the latest Eurekahedge Report.
On a year-to-date basis, managers gained 0.23 per cent with 10 per cent of them posting returns in excess of 5 per cent.
Total hedge fund assets grew by USD31.9 billion over the past four months, with USD36.2 billion attributed to investor inflows while managers posted performance-based losses of USD4.4 billion. Investors have been selective in their allocations across
Tages Capital has held the first closing of Tages Emerging Opportunities II, a closed-end fund focused on providing seeding and acceleration capital to emerging hedge fund managers in exchange for an economic participation in their business with USD203 million in capital commitments.
The fund has been backed by institutional investors across Europe and Asia, with a notable participation from large insurance companies. It will now remain open to receive additional commitments for up to one year.
The fund’s strategy of seeding or accelerating a concentrated portfolio of hedge fund managers generates returns from a diversified combination of underlying fund
Depositary assets at INDOS Financial have grown to USD25 billion, only three months since the service provider passed the USD20 billion milestone on 1 February.
According to Bill Prew (pictured), CEO of INDOS Financial, this continuing, rapid rate of growth is partially a function of INDOS’ competitive and tailored fee structure where, in contrast to the fixed rates charged by many providers of depositary services, rates decline as managers’ assets grow.
“More generally,” says Prew, “our message about the virtues of independence is getting through. INDOS firmly believes that depositary services are more effective and will add value when
