Funds
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
CME Group and Crypto Facilities Ltd have launched the CME CF Ether-Dollar Reference Rate, which will provide a daily benchmark price in US dollars at 4pm London time, and CME CF Ether-Dollar Real Time Index, which will allow users access to a real-time Ether price in US dollars.
Both the Ether Reference Rate and Ether Real Time Index will be calculated by Crypto Facilities and will be based on transactions and order book activity from two major cryptocurrency exchanges: Kraken and Bitstamp. The reference rates are available today on CME Group and Crypto Facilities websites and will be distributed on
Destra Capital Management (Destra) has launched the Destra International & Event-Driven Credit Fund, a registered 1940 Act closed-end interval fund sub-advised by BlueBay Asset Management (BlueBay), a global fixed income specialist and an industry leader in multi-asset credit and event-driven credit investing.
“Destra is excited to make BlueBay’s unique investment strategies available to advisors and investors in the United States,” says Dominic Martellaro, Chief Executive Officer of Destra. “Destra and BlueBay are among the first to offer retail investors and financial advisors an international & event-driven credit strategy inside of a closed-end interval fund product.”
The fund is designed
Tradecraft Capital, a crypto asset hedge fund and investment company, has launched its first fund, the Tradecraft Crypto Asset Fund, an actively-managed portfolio of concentrated, high-conviction positions.
Unlike many crypto hedge funds that act more as a long-term focused venture fund or a typical long-short trading hedge fund, the fund is focused on active management with a medium-term time horizon.
“Crypto assets are the first invention in ‘money’ since double-entry accounting was invented in the 1400’s. Blockchain and crypto assets will revolutionise how we transact business because it offers new ways to accumulate, govern, store and transfer value,” says
Dalton Strategic Partnership has launched the Melchior Systematic Global Macro Fund within its Luxembourg UCITS umbrella.
The fund will be managed by Thomas Dionysopoulos (pictured), who joined DSP from Advenis Investment Management in 2017. Prior to this, he was Head of Quantitative Strategy and Research at HSBC and a Proprietary Capital Trader at Citigroup and Société Générale Investment Banks.
The Fund will aim to deliver a return of 7-10 per cent per annum (net of fees) over a rolling three year period, with a targeted volatility of 7 per cent. It will focus in particular on protecting the portfolio
Hedge Funds gained 0.49 per cent in April according to the Barclay Hedge Fund Index compiled by BarclayHedge, versus a 0.38 per cent gain in the S&P 500 Total Return Index. Year to date, the Barclay Index remains up 0.30 per cent, while the S&P has lost 0.38 per cent.
“Increasing tension in the middle east and White House displeasure with the Iran nuclear deal provided a lift to share prices of energy companies,” says Sol Waksman (pictured), founder and president of BarclayHedge.
Overall, 13 of Barclay’s 17 hedge fund indices had gains in April. The Technology Index jumped 2.96 per
Hedge fund returns were positive, led by CTAs, during the last week, mainly thanks to their long energy and bond positions, according to the latest Weekly Brief from Lyxor’s Cross Asset Research team.
Merger funds also benefitted from a rapid spread tightening across most large deals.
By contrast, L/S Equity funds did not benefit from the bounce. They had limited exposures to momentum and energy stocks, two key drivers this week. The earnings season, which sanctioned disappointments more than it rewarded upside surprise did not help either. Special Situations also lagged.
Since mid-April the turn in dollar and
By Don Steinbrugge (pictured), Agecroft Partners – With more 15,000 competitors, the hedge fund industry is extremely competitive. Many institutional investors are contacted by thousands of managers a year, meeting with a few hundred, have follow up meetings with fifty, and ultimately allocating to two. In this competitive environment, any edge over the competition is vital. Having a well thought-out social media strategy is one way to achieve this.
During the past five years, the use of social media has significantly increased within the hedge fund industry. Today, a vast majority of firms have at least some presence on social
