Funds
Odey Asset Management is shutting its only female run investment vehicle – the Brook Global Emerging Markets Fund – as the firm continues to reorganise operations and deal with the fallout from sexual assault allegations made against founder Crispin Odey, according to a report by Bloomberg.
Pershing Square, the US equities hedge fund founded by Bill Ackman, underperformed in the first half of the year, partly due to efforts to protect the firm against rises in long-term inflation, according to a report by CityWire.
Digital asset investment products saw outflows totalling $55m last week, as investors reacted to media reports that an SEC decision on allowing US spot-based ETFs is not imminent, according to the latest Digital Assets Fund Flows Weekly report from CoinShares.
Oceanwood Capital Management, the hedge firm co-managed by Julian Garcia and Christopher Gate, is closing down, with Deputy CIO Garcia now planning launch his own hedge fund firm next year, according to a report by Bloomberg.
Cristian Cibrario, a portfolio manager at Man GLG, Man Group’s discretionary investment business, has left the firm to launch a new hedge fund, according to a report by With Intelligence.
Hedge funds delivered another month of impressive performance in July, with an overall weighted average return of 1.5% – one of their best months so far this year, albeit a slight decline from the 1.8% monthly high seen in June, according to data from Citco.
Investors are turning their backs on Ucits-managed hedge fund strategies with cash outflows in the first six months of the year totalling €19.4bn, way in excess of the total outflows seen in the whole of 2022, according to a report by CityWire.
Unlimited, an exchange traded fund firm launched by former Bridgewater Associates executive Bob Elliott, is to expand its offering with the launch of a suite of ETFs providing investors with access to a range of hedge fund-like strategies.
Landseer Asset Management UK is in talks with Odey Asset Management over the transfer of portfolio manager Freddie Neave, who runs its flagship hedge fund, as the firm continues to deal with the fallout from multiple sexual assault allegations made against founder Crispin Odey, according to a report by Bloomberg.
Offshore China hedge funds that target investments in the world’s second-largest economy, are feeling the pinch as foreign investors lose interest in investing in the country’s faltering economy, according to a report by Bloomberg.
