Managers
Forester Capital, an alternative investment platform, is to make a strategic investment into the flagship fund of Chepstow Lane Capital LLP, a European-focused, opportunistic credit manager. The fund is managed by Agata Dornan, who was most recently a portfolio manager at Soros Fund Management.
Dornan will employ a fundamental approach to investing in performing, stressed, and special situations across corporate and financial credit.
Dornan has over 20 years of experience investing in credit, both as an analyst and portfolio manager. Her deep experience investing across European credit allows her to identify and take advantage of mispriced opportunities across a broad
SkyBridge Capital, has secured an investment worth 30 per cent of the business from FTV Ventures, a $2 billion venture capital firm based in Nassau, Bahamas, according to a report by Finance Magnates.
Singapore-based multi-family office Whampoa Group is planning niogn to raise $50 million for a new cryptocurrency hedge fund and also deploy $100 million via a venture capital fund focused on the same space, according to a report by Bloomberg.
Hedge funds have had their biggest trading week in a year, in terms of notional trading volume, placing aggressive equity bets, both long and short, according to a report by Bloomberg.
Unprecedented turmoil in the European energy markets has helped former Enron Corp trader Ulf Ek chalk up a 50 per cent return for his hedge fund so far this year, according to a report by The Star.
Nothlander Commodity Advisors’ $423 million strategy jumped by more than 11% in August alone as the fund benefitted from big swings in the prices of natural gas and power.
And the report cites an investor letter as revealing that Ek is optimistic the fund can continue its positive performance with the chief investment officer writing that he expects the fund’s “good fortunes over
21.co, the parent company of 21Shares, a global issuer of cryptocurrency exchange traded products (ETPs), has raised $25 million in a funding round led by hedge fund Marshall Wace. The round values the business up to $2 billion, making 21.co Switzerland’s largest crypto unicorn.
With this round of financing, 21.co will continue to drive rapid, targeted growth through first-of-their-kind products, key market expansions and strategic talent acquisitions. Other investors in the round include Collab+Currency, Quiet Ventures, ETFS Capital and Valor Equity Partners.
This round was the company’s first raise in over two years. The company ended 2021 on a nine-figure revenue
Capstone Investment Advisors (Capstone), a global alternative investment management firm, has extended its global presence into Asia with the opening of a new office in Hong Kong headed by Alain Bordoni who has been appointed Chief Operating Officer.
Hedge fund Graham Capital Management founder Kenneth Tropin is predicting tough times ahead for those looking to make money by tracking big stock indexes, according to a report by Reuters.
Tropin, who focuses on macro trading, which looks to take advantage of big market swings to trade bonds, currencies and commodities, believes that with the S&P 500 stock index down almost 18% so far this year, and on track for its first fall in four years and its biggest slide since 2008m, investors should be wary of more equity focused hedge funds and funds that are “correlated to beta”.
Data
A combination of increased regulatory checks, government policy uncertainties and a slowing economy are prompting some Asian hedge funds to cut their exposure to offshore Chinese assets in favour of non-China stocks, according to a report by Reuters.
Marshall Wace has taken a €90 million short position against Kerry Group, one of Ireland’s largest and most successful companies, according to a report by Business Post.
The report cites stock exchange filings as revealing that the London-based hedge fund, which was founded in 1997 by Paul Marshall and Ian Wace, has shorted 0.5 per cent of Kerry’s stock, which at the firms currently share prince of €100, equities to just shy of €90 million.
Food inflation and supply chain problems triggered by geopolitical shocks including Brexit and Russia’s invasion of neighbouring Ukraine, have contributed to a fall in Kerry’s
