Funds
Schroders has partnered with New York-based hedge fund firm Select Equity Group (SEG) to launch the latest fund in its GAIA platform, Schroder GAIA SEG US Equity, a long-biased US equity long-short UCITS vehicle.
New hedge fund launches were steady in the first quarter of 2023 with an estimated 93 new funds making their debut, as managers positioned for opportunities in technology, artificial intelligence, and cryptocurrency, according to the latest HFR Market Microstructure Report.
Odey Asset Management is planning to restructure one of its oldest funds as part of wider efforts to deal with the fallout from the ouster of founder Crispin Odey following allegations of serial sexual misconduct, according to a report by The Financial Times.
Odey Asset Management is winding down a second fund – the LF Odey Portfolio Fund, which was suspended earlier this month – because of mounting redemption requests from investors stemming from the multiple allegations of sexual assault made against founder Crispin Odey, according to a report by Bloomberg.
16Rock, an affiliate of New York-based SEC-registered investment advisor 16th Amendment Advisors, is launching a new actively managed, unconstrained, absolute return strategy, which will look to capitalise on opportunities in the “highly fragmented” US municipal bond market.
Under the leadership of chief investment officer James Pruskowski, previously global CIO for municipal bonds, institutional & wealth management at BlackRock, and portfolio manager and chief executive officer Jed McCarthy, the fund is launching on 1 July with internal seed capital of $4 million.
The strategy, which has an expected allocation up to 50% in taxable municipal bonds, and 25% in high yield
Cryptanium has launched Cryptanium Fund I, a new Cayman Islands regulated digital assets hedge fund with a strategy focused on “capital appreciation through deployment of trend-agnostic digital asset strategies seeking to capture yields and timed opportunities”.
Oil trader Pierre Andurand’s main hedge fund, the Andurand Commodities Discretionary Enhanced Fund, which makes leveraged bets, fell by another 7% this month, taking year-to-date losses to a record 51%, according to a report by Bloomberg.
Versor Investments, a quant investment firm focused on liquid alternatives, has launched the Versor Equity Prism Strategy, which invests in single name stocks and equity index futures across the globe in a market-neutral fashion, to outside investors.
The strategy, which the firm started incubating with partner capital in January of 2022, utilises alternative data, machine learning, and artificial intelligence.
Since its founding in 2014, Versor has employed these technologies, as well as traditional data sources, to identify investment opportunities across global markets. However, Versor Equity Prism places an increased emphasis on the use of Versor’s proprietary methodologies related to these
“Advanced talks” are ongoing between Odey Asset Management (Odey AM) and SW Mitchell Capital over the transfer of the Oliver Kelton and the funds he previously managed at Odey AM to the London-based European equities investment boutique, according to a report by Reuters.
The report cites a letter sent by Odey AM to clients on Tuesday and seen by Reuters as confirming that the funds in question are Brook Continental European, Brook European Focus, and Brook European Focus Absolute Return, plus Odey Pan European, which was taken over by Kelton earlier this month following the ouster of Crispin Odey from
A surge in redemption requests from investors after the ouster of founder Crispin Odey following multiple allegations of sexual assault, has prompted Odey Asset Management to suspend two funds, including the firm’s flagship hedge fund, according to a report by Bloomberg.
