Funds
The risk profile of Crispin Odey’s flagship hedge fund has been lowered by Freddie Neave after he took over its management in June following allegations of sexual misconduct against the Odey Asset Management founder, according to a report by Reuters.
European credit hedge funds are the most in-demand strategy among investors for the second half of the year, with a net 14% keen to up their allocations by the end of 2023, according to a report by Reuters citing data from a survey by Barclays.
CoinShares, the European crypto ETP specialist, is planning to launch its first hedge fund open to accredited US investors as part of a wider first-time push into actively managed digital asset products, according to a report by Blockworks.
Hedge funds continued their resurgence in Q2, recording positive performance for a third consecutive quarter, with equities and multi-strategy funds once again driving returns to take their YTD weighted average gains to over 10%, according to data from Citco.
Spain’s first locally regulated crypto hedge fund, which will be overseen by the country’s financial markets regulator, Comisión Nacional del Mercado de Valores has been launched by Spanish private bank A&G, according to a report by Crypto News.
Point72 topped a list of 14 different financial institutions making a total of 46 Freedom of Information Act (FOIA) requests to the US Food and Drug Administration last month about adverse events and drug-manufacturing-facility inspections, according to a report by Law Street Media.
Bets on shares in AI-related companies, plus wagers on the wider Japanese and US stock markets, helped several Asia-based hedge fund firms outperform their peers during the first half of the year, according to a report by Bloomberg.
The report cites unnamed sources as revealing that the CloudAlpha Tech Fund and the Sino Vision Greater China Market Neutral Fund saw returns of 35% and 25% respectively in the first half of the year on the back of bets on AI-related shares. The Panview Asian Equity Fund meanwhile, racked up a 13% gain driven by Japanese equities.
Those figures put the
Digital asset investment products saw minor outflows totaling $6.5m last week, following four weeks of inflows that totaled a combined $742m, according to the latest Digital Assets Fund Flows Weekly report from CoinShares.
Bitcoin was the primary investor focus, as has recently been the case, seeing $13m of outflows, while short bitcoin investment products saw outflows for the 13th consecutive week totaling $5.5m.
Ether topped the inflows leaderboard last week, attracting $6.6m inflows, suggesting sentiment for the cryptocurrency, which has been poor this year despite the so-called Merge in September 2022 when ether switched from a proof-of-work to a proof-of-stake
Activist hedge fund TMR Capital is plotting a bid for The Restaurant Group in a move that would break up the FTSE 250-listed hospitality company behind Wagamama, according to a report by the Daily Telegraph.
The British Virgin Islands-based manager, which has built up a 1.75% stake in The Restaurant Group, is reportedly considering a bid for the company’s Brunning & Price pub division and its casual dining chains, which include Frankie & Benny’s and Chiquito.
The two divisions operate more than 100 sites across the UK, and a purchase would leave The Restaurant Group with just Wagamama and a
Man Numeric, the quantitative investment arm of Man Group, says macro themes and nation subsets are outdated, with ever-increasing volumes of data from emerging markets now seen as key to peer-beating returns instead, according to a report by Bloomberg.
Ori Ben-Akiva, director of portfolio management at Boston-based Man Numeric, says the firm’s core emerging market funds are largely ditching the traditional country-by-country approach when it comes to trading portfolios and building investment themes.
Instead, its strategies are now trawling social media accounts, e-commerce websites and other sources to inform choices from around 5,000 developing-nation companies.
The number of models the
