Managers
LoCorr Funds, a specialist in low-correlating alternative investments, has hit a major milestone in its 10-year history, having surpassed $3 billion in AUM, with assets growing about 50 per cent since the beginning of 2021.
LoCorr offers investment solutions designed for financial professionals and individual investors who are seeking to achieve better diversification and the potential for reduced risk within their portfolios.
Another significant event for the firm was its LoCorr Long/Short Commodities Strategy Fund (LCSAX, LCSCX, LCSIX) surpassing $1 billion in AUM. The Fund is a multi-manager commodities strategy with the flexibility to take both long and short positions
After profiting from a recent rally in the value of Brazil’s real, hedge fund Legacy Capital is now betting on an uplift in the Mexican peso, according to a report by Bloomberg.
The report quotes a client note as revealing that the USD4.3 billion Sao Paulo-based manager has opened a long position on the peso versus the US dollar, while also shorting the benchmark S&P/BMV IPC stock index.
A similar combined position on the Brazilian real and stocks has already seen Legacy Capital rack up big gains this year with the firm’s flagship fund posting a record 5 per cent
A successful short bet on government bonds helped Crispin Odey’s flagship hedge fund to a 15 per cent gain in March, according to a report by Bloomberg.
The report says that a recent investor update issued by the company reveals that the fund, Odey European Inc, is now up 53 per cent so far in 2022.
Bloomberg says that a separate investor letter shows that the firm’s leveraged short exposure to bond trades stood at almost 500 per cent of the fund’s NAV at the end of February, through bets on two UK government securities that mature in 2050 and
Permian Investment Partners is gambling that the current problems at Sir Martin Sorrell’s advertising firm S4 Capital will prove to be short-lived, according to a report by The Financial Times.
The New York-based hedge fund upped it holding in the company to 4.1 per cent after its market value tumbled by a third on the back on news that PwC was unable to complete an audit leading to a delay in the publication of S4 Capital’s financial results.
The report quotes an unnamed analyst as saying that s4 Capital had been “eerily and worryingly silent” over the reason for the
Tiger Global’s flagship hedge fund is down 34 per cent in Q1 2022 on the back of poorly performing stock investments and markdowns on private holdings, according to a report by Bloomberg.
Hedge funds are targeting British retailers including Asos, B&Q owner Kingfisher, BooHoo, and Dixons Carphone, taking short positions on the assumption that they will struggle in the current economic climate, according to a report by The Is Money.
Aston Martin and Royal Mail are also attracting the attention of short sellers along with leisure firms such as Cineworld. Some 8.1 per cent of the cinema operator’s shares are currently being shorted.
WhiteStar Asset Management (WhiteStar), the CLO, structured products, and broadly syndicated credit arm of Clearlake Capital Group, has acquired the five reinvesting Collateralised Loan Obligations (CLOs) managed by Carlson CLO Advisers, a wholly-owned subsidiary of Carlson Capital.
Totaling more than USD2 billion and branded under the Cathedral Lake shelf, WhiteStar will assume collateral management duties of the Cathedral Lake CLOs effective 31 March, 2022. This marks the second acquisition of CLO contracts by WhiteStar in less than four months.
As a result of this acquisition, WhiteStar manages approximately USD12 billion in CLO assets under management through 27 CLO vehicles, hedge
Toscafund, a London-headquartered specialist asset manager founded by Martin Hughes in 2000 and chaired by Martin Gilbert, has opened a Hong Kong office, its second in Asia-Pacific, following regulatory approval from the Hong Kong Securities and Futures Commission.
Toscafund’s fifth and newest office extends the firm’s global network for both fund distribution and investment across its specialist areas – listed equities, private equity, private debt and UK commercial property.
Mark Tinker, former senior fund manager with AXA IM and founder of financial research firm Market Thinking, and Jonathan Sleath, former Investment Director at Investec in London and Hong Kong, will oversee
The Rolaz Group, the firm behind the first tokenised hedge fund, has set aside a date for its token IEO and listing on P2PB2B and Coinsbit.
The IEO will kick-start from 1 April at 00.00 GMT and run until 31 May with a 30 per cent discount on P2PB2B. The token listing will take place on 1 June on P2PB2B and COINSBIT exchanges. Rolaz Group is the world’s leading asset management firm that uses digital technologies to create immersive experiences for traders and investors.
Rolaz Group is an international holding company and asset management firm that’s well established in Europe,
Hedge fund manager Bill Ackman is planning a quieter and more thoughtful life after deciding to avoid the “noisiest” form of activism investing in future, activist short-selling.
Writing in his annual letter to investors in Pershing Square Holdings 2021 Annual Report, Ackman said that the company wouldn’t be adding to its two previous “high profile” short selling activist investments, which he said “generated enormous amounts of media attention”, and inspired “a book and a movie”.
Ackman said: “Fortunately for all of us, and as importantly for our reputation as a supportive constructive owner, we have permanently retired from this line
