Managers
London-based hedge fund firm Lodbrok Capital’s European Credit Opportunities Fund was up 32 per cent last year, according to a report by Bloomberg.
The returns came on the back of investments in Swiss bakery firm Aryzta AG, UK oil services firm Valaris, and German industrial property company Deutsche Industrie REIT AG, according to a letter sent to Lodbrok Capital’s investors.
Lodbrok joins a growing list of strong performing opportunistic credit funds including CastleKnight Management, whose flagship fund returned a net 64 per cent in its first full year, and Apollo Global Management, which posted a net 10 per cent gain.
Trian Fund Management, the activist hedge fund run by Nelson Peltz, has acquired a stake in Unilever Plc, according to the Financial Times and Reuters.
LoCorr Funds, a provider of low-correlating investment solutions, has marked the 10-year anniversary milestone of its Long/Short Commodities Strategy Fund (LCSAX, LCSCX, LCSIX).
LoCorr Long/Short Commodities Strategy Fund is a multi-manager commodities strategy with the flexibility to take both long and short positions in global commodity markets. The Fund seeks to provide portfolio diversification through low correlation to traditional markets and has the potential for profit during both rising and falling commodity markets.
Less than 11 per cent of funds in Morningstar’s Systematic Trend Category achieve this longevity.
Private equity firm Montagu has completed its investment in Waystone, a provider of institutional governance, risk, and compliance services to the asset management industry, while Hg, a global software and services investor, is also joining as a strategic investor and joint shareholder in the firm.
Montagu first announced its investment in Waystone in July 2021. Hg’s investment is subject to regulatory approval and customary closing conditions.
Founded in 2000 and based in Dublin, Waystone serves clients with assets under management totalling more than USD1 trillion, delivering the tools and expertise to manage their governance and regulatory requirements, enabling them to
Qblue Balanced (Qblue), a Copenhagen based asset manager, and Heptagon Capital (Heptagon), a London based asset management firm, have jointly launched an Article 9 equity fund – ‘Qblue Global Sustainable Leaders Fund’.
The fund went live with USD140.5 million on Wednesday, 12 January 2022 as a sub fund within Heptagon’s USD8 billion Irish UCITS fund umbrella.
The Qblue Global Sustainable Leaders Fund investment team is led by CIO Fredrik Martinsson and is focused on a data driven and systematic investment process with a strong focus on sustainability. The Fund invests in companies that have come the furthest in the field
Investors pulled USD19.96 billion from the global hedge fund business in December, bringing full-year 2021 hedge fund AUM growth to +USD15.90 billion, according to eVestment’s December and Full Year 2021 Hedge Fund Asset Flows report.
Quant-focused Renaissance Technologies has seen almost USD15 billion in outflows over the past 14 months, according to a Bloomberg report, despite the firm’s three publically-available hedge funds having delivered double-digit returns for investors in 2021.
Michael Hintze’s hedge fund CQS is is considering launching a ‘green’ collateralised loan obligation (CLO) in Europe according to a report by Bloomberg, as it looks to further expand its ESG offering.
The report says that CQS, which already holds about 60 per cent of its USD2.6 billion assets under management via Article 8 ESG mandates, has written to investors to outline the plan.
DL Holdings Group Limited has agreed agreed a deal with Hong Kong based hedge fund and asset management start-up company Atlas Multi-assets Capital Holdings Limited, to pay up top USD6.5 million to acquire about 38 per cent of the issued shares of Atlas Multi-assets.
The preliminary post-money valuation is USD 20 million.
Atlas is operated by a veteran team with experience in both global investment and private banking. The target firm is licensed by Hong Kong Securities and Futures Commission to engage in Type 4 (Advising on Securities) and Type 9 (Asset Management) regulated activities. Atlas specialises in fixed income
EEX Group continued to expand its position in the global commodity exchange space , across all time zones, Europe, Asia and North America, in 2021 reporting significant increases in its power, natural gas, environmentals and dry freight markets.
