Astignes Capital Asia Pte, a Singapore-based hedge fund firm focused on macro and relative value investments in the Asia-Pacific region, is opening its new Astignes Systematic RV Macro Fund to outside investors from April, according to a report by Bloomberg.
The report cites unnamed sources with knowledge of the matter as revealing that the $3.3bn firm is potentially looking tor raise hundreds of millions of dollars for the new fund.
The new strategy, which sees Astignes expand its operations into global managed futures trading, will focus on futures contracts in equity, fixed income, currency and commodity markets, according to Bloomberg’s sources, with the firm employing computer algorithms, along with direct access to the electronic facilities and order books of exchanges, known as direct market access.
The strategy has has returned more than 15% since it started in October with money from Astignes and its partners.
The firm’s original macro hedge fund meanwhile, which focuses on Asian currencies and rates and is one of the biggest and longest-running macro hedge funds in the region, returned more than 2.6% in the first two months of this year, after racking up a gain of 7.6% in 2023.
