Funds
Investment management business Fidante has acquired a minority stake in Latigo, a fund manager specialising in event-driven investing. As part of the transaction, the Life division of Fidante’s parent company, Challenger Limited, has made an investment in Latigo’s funds.
Founded in 2005 by David Ford (pictured), and David Sabath, Latigo has focused on building a unique offering in event-driven investing. Latigo’s strategies include distressed securities, special situations and long/short credit and equity investing.
Partnering with Latigo is consistent with Fidante’s strategy of expanding alternatives offerings. Fidante invests in specialist investment managers with differentiated strategies where active investment management skills can
Cboe Global Markets has announced the settlement of the March expiry Cboe bitcoin (XBT) futures, the third contract settlement conducted since its launch in December.
The settlement price was USD8,236.11, as determined by the 4:00 pm ET Gemini1 Exchange bitcoin auction.
Cboe bitcoin futures, the first regulated futures of their kind, launched on 10 December 2017. More than 418,000 contracts have traded across expiries since the launch, representing a notional value of over USD4.6 billion. The contracts, which are cash-settled, were specifically designed to allow participants to implement straightforward trading strategies through settlement to a single, tradable auction price
The hedge fund industry overall had a negative month for returns in February losing 2.01 per cent, according to eVestment’s latest Hedge Fund Performance report, with managed futures funds producing their largest monthly loss in over 20 years, down 7.03 per cent.
Among primary markets, Broad Financial Derivative funds also racked up big losses in February at -6.27 per cent, bringing YTD 2018 returns to -2.43 per cent.
In terms of regional exposure, Africa/Middle East focused hedge funds were standouts in February, returning 1.93 per cent, bringing YTD performance for these funds to +7.11 per cent.
North America
Hehmeyer Trading + Investments has launched the Hehmeyer Cryptocurrency Index Fund, a new product that will provide certain qualified investors with access to the cryptocurrency market by investing in a fund that aims to track the performance of the proprietary Hehmeyer Cryptocurrency Index (HCI).
Launching as a commodity pool for qualified eligible persons and accredited investors, the fund will be managed by Hehmeyer Capital Management, a commodity pool operator registered with the Commodity Futures Trading Commission and a member of the National Futures Association. The fund is one of a few vehicles that provide exposure to this growing asset class
The flash estimate for the Barclay CTA Index, compiled by BarclayHedge, indicates a 2.89 per cent loss in February. Year to date, the Index is down 0.33 per cent.
“Although the month was marked by a mix of trend extensions and trend reversals in key market sectors, reversals ruled and 77 per cent of CTAs incurred losses in February,” says Sol Waksman (pictured), founder and president of BarclayHedge.
The Diversified Traders Index fell 4.49 per cent In February, Systematic Traders were down 3.67 per cent, and Financials/Metals Traders lost 1.90 per cent.
“A record string of fifteen consecutive
The gross return of the SS&C GlobeOp Hedge Fund Performance Index in February 2018 measured -0.88 per cent.
Hedge fund flows as measured by the SS&C GlobeOp Capital Movement Index meanwhile, advanced 0.42 per cent in March.
“SS&C GlobeOp’s Capital Movement Index gained 0.42 per cent for March 2018, somewhat lower than the 0.63 per cent gain reported for the same period a year ago, but well within the recent range of variation,” says Bill Stone (pictured), Chairman and Chief Executive Officer, SS&C Technologies. “I would note year to date net inflows are running 1.80 per cent better than the same period a
The average return of the global hedge fund industry was pulled into negative territory in February as markets experienced sharp reversals, with trend following CTA/managed futures and long/short equities strategies lagging behind the pack.
That’s according to the latest figures from Eurekahedge which reveal that the Eurekahedge Hedge Fund Index was down 1.64 per cent in February as volatility levels spiked across the board and unravelled the volatility risk premium trade. Despite steep losses during the month, hedge funds have protected on the downside and managed to outperform underlying markets as the MSCI AC World Index (Local) declined 3.68 per
Alternative investments specialist Investcorp has partnered with Shoals Capital Management (Shoals), which currently manages approximately USD160 million in an event driven strategy investing across capital structure and sub-sectors in the financials sector.
Investcorp and other institutional investors, including a large US pension plan, have provided strategic capital to Shoals.
“We are excited to announce our investment with Shoals, as we believe it is one of the very few managers that measures the evolving regulatory framework’s impact on fundamental investment analysis across asset classes to inform portfolio decisions,” says Lionel Erdely (pictured), Head and Chief Investment Officer of Investcorp’s Alternative
Alter Domus, a fund and corporate services provider is now able to offer third party Alternative Investment Fund Manager (AIFM) services following its acquisition of Luxembourg Fund Partners, a Super Manco with Chapter 15 (UCITS) and AIFM authorisations.
Founded in 2009, Luxembourg Fund Partners was one of the first Luxembourg-based independent management companies to comply with the Alternative Investment Fund Managers’ Directive (AIFMD).
Following the acquisition, the company has changed its name to Alter Domus Management Company SA, a wholly owned subsidiary of Alter Domus, providing solutions for international fund managers seeking UCITS or AIFM services in an open
Hathersage Capital Management LLC, a global macro investment manager specialising in G10 currencies and absolute returns, has been named Best Foreign Exchange Hedge Fund at the 2018 Hedgeweek Global awards ceremony in London.
This is the third consecutive year Hathersage has been honoured by Hedgeweek, and eighth major award overall for the firm since 2016.
Hedgeweek awards for excellence are determined by the votes of its readers, who include hedge fund investors, managers and service providers.
Hathersage was founded by Bill Lipschutz (pictured), who leads a team of highly experienced FX specialists, most of whom have worked together
