Funds
Paris-based quantitative asset management firm TOBAM’s patented LBRTY strategy has surpassed $100m in AUM just six months after its launch, following an investment by a US-based endowment fund.
A combination of higher interest rates and lagging performance has prompted European retail investors to reduce their hedge fund investments, with assets under management in alternative UCITS currently at an eight-year low, according to data from Kepler Absolute Hedge.
Hedge funds saw an estimated $9.9bn in investor withdrawals during March, a big increase on the $780m seen in February as the industry’s run of net outflows stretched to 22 consecutive months, according to a new report from Nasdaq eVestment.
Hedge funds advanced in April as equities declined, led by macro strategies, which extended their first quarter gains through the month, and the industry’s largest funds, with the HFRI Macro Asset Weighted Index advancing 2.6%.
Rokos Capital Management, the hedge fund run by Brevan Howard Co-Founder Chris Rokos, has extended its year-to-date gains to around 20%, affirming its position as one of the best performing macro firms so far in 2024, according to a report by Bloomberg.
Hedge funds and listed equities were the main drivers behind a 3.3% return in the first three months of the year at Elo, one of Finland’s main occupational pension funds, according to a report by IPE citing the scheme’s Q1 results.
Aspex Management, the Hong Kong-based hedge fund firm founded by Hermes Li, notched up a return of over 11% in the first three months of the year in its Asia-focused fund – one of the region’s largest at $7bn – according to a report by Bloomberg.
A series of failed credit bets at Arini, the London-based hedge fund firm founded by former Credit Suisse trader Hamza Lemssouguer, has left the flagship Arini Credit Master Fund nursing a 6.6% loss in March, its second biggest monthly loss, according to a report by Bloomberg.
Soaring cocoa prices and a slump in the Japanese yen are among several financial market trends that have helped computer-driven quant hedge funds to rack up strong returns in the first quarter of the year, according to a report by the Financial Times.
London-based hedge fund manager Nickel Digital Asset Management’s flagship Diversified Alpha Fund has delivered record quarterly and monthly performance, according to the latest data from BarclayHedge.
