Managers
US quant investment firm Two Sigma Investment’s China private fund business – the Chinese equivalent of a hedge fund – is seeking to raise about RMB1.2 billion ($180 million) for its managed futures product, according to a report by Bloomberg.
The move comes on the back of an annualised 22 per cent gain for the fund, which launched two years ago and invests in commodities and financial futures, and would add significantly to the RMB3.8 billion in assets the firm has pulled in since early 2020.
The report also cites unnamed sources as revealing that Shanghai-based Two Sigma also has
Falcon Investment Management, a hedge fund platform and first loss capital provider, has announced a new capital allocation expanding its first loss programme offering across new markets and strategies.
The platform offers independent portfolio managers access to capital, alongside support with managed account set up and onboarding, ongoing risk monitoring and access to data and tech to support day to day business flow. The programme offers higher than average performance fee payouts and regulatory compliance oversight to support the independent manager.
“We are excited about our $10 million allocation to Shinringi Capital and the ability to support new managers in
Alternative credit specialist Pemberton has completed and committed a total amount of investments of €1.5 billion in France over the last twelve months.
Beleaguered cryptocurrency hedge fund Three Arrows Capital Ltd is considering a number of options to tackle its current problems including a sale of assets and a bailout by another firm, according to a report by The Wall Street Journal.
The net asset values of several funds run by Dan Bin’s Shenzhen Oriental Harbor Investment Management Co – one of China’s best known money managers – have shown a sudden rise in volatility indicating that the firm may be rebuilding positions after liquidating almost all of its holdings earlier this year, according to a report by Bloomberg.
Cryptocurrency hedge fund Three Arrows Capital has failed to margin calls for extra cash from lenders after a series of bets on digital assets backfired, according to a report by The Financial Times.
Three Arrows has become the lates victim of the cryptocurrency credit crunch falling big falls in the value of former star performers including bitcoin and ether. The Singapore-based firm is one of the biggest players in the cryptocurrency investment space and is active on both lending and trading platforms.
The report cites BlockFi, as US-based crypto lender, as one of the companies to liquidate – by mutual
Ray Dallio’s Bridgewater Associates is now the biggest short-seller of European stocks having place bets of at least $6.7 billion against European companies, according to a report by Reuters.
The report cites data group Breakout Point for the data that suggest that the hedge fund is pessimistic about the outlook for European stocks, although the trades could also be part of a hedging strategy.
The bets includes a $1 billion wager against semiconductor company ASML Holding, $752 million position against energy company TotalEnergies, and a $646 million bet against drugmaker Sanofi.
Using Bridgewater’s public disclosures, Breakout Point calculated that the
Tiger Legatus, a hedge fund backed by Tiger Fund Management legend Julian Robertson, has brought the curtain down on 13 years of trading following the worst ever start to a calendar year for equity funds, according to a report by The Financial Times.
The New York-based fund, which was founded by former Viking Global Investors trader Jesse Ro is said to have informed investors by letter of the decision to cease operations and return capital.
The FT reports that equity funds have lost an average of 8 per cent in the first five months of 2022, recording worst performance than
Speculation is growing about the financial standing of hedge fund Three Arrows Capital following a cryptic tweet by the firm’s founder, according to a report by Bloomberg.
Former Credit Suisse (SIX:CSGN) Group AG trader Zhu Su tweeted from his verified account saying: ““We are in the process of communicating with relevant parties and fully committed to working this out”, without providing any further details or context.
The firm is reported to have been liquidating crypto positions in recent weeks its including exposure to staked ether (stETH).
Hedge fund BlueBay Asset Management is betting against a Bank of Japan (BoJ) bond yield policy CIO Mark Dowding regards as ‘untenable’, according to a report by Bloomberg.
The BoJ’s so called yield curve control – an attempt to limit bond yields – seems increasingly out of step with the approach of other central banks to soaring inflation rates.
The report quotes Dowding as revealing that BlueBay, which manages around $127 million, has a ‘sizeable short’ on Japanese government bonds.
