Managers
By Armin P. Choksey – In the last few years, the world has witnessed significant progress in harmonising environmental, social, and governance (ESG) disclosure frameworks. The launch of new initiatives globally shows that both investors and stakeholders recognise the value of streamlining ESG disclosures and the importance of consolidating them.
Lazard Asset Management has unveiled a new long/short credit UCITS hedge fund which trades investment grade, crossover, and high-yield bonds in Europe and North America.
In recent years, the Irish fund market has struggled under a burden of regulation that would break a lesser jurisdiction. From regulatory reporting to UCITS V, and from CP86 to CP140, the need for regulatory compliance across the board has resulted in increasing interest in and take-up off third-party management company (ManCo) offerings.
With the COP26 climate summit underway in Glasgow, equity long/short hedge funds can capitalise on the renewed focus on sustainability, while climate change and energy price volatility heralds opportunities for certain macro managers.
Hedge funds may have endured a bumpy patch in the third quarter, but Man FRM’s chief investment officer Jens Foehrenbach is upbeat on the sector’s Q4 prospects.
Man FRM’s Q4 Quarterly Outlook said the heightened focus on environmental, social and governance (ESG) factors heralds fresh investment opportunities for equity long/short hedge fund strategies, which have suffered lately as a result of crowded long trades – particularly in
By Kristina West – Until five years ago, there were still some perceived benefits for firms to build an in-house management company (ManCo), in terms of control and the assumption that using a third party might be perceived differently by investors. But with these concerns largely allayed, the rise of the third-party ManCo – and, indeed, what has been termed the ‘Super ManCo’, a firm that supports both UCITS and AIFs – seems assured.
By Kristina West – The Association of the Luxembourg Fund Industry (ALFI), the industry body for promoting Luxembourg’s fund sector internationally, has witnessed the establishment and growth of ManCos across many years.
Absolute Investment Advisers (Absolute), a long-term client of the Apex Group (Apex), has closed its acquisition of Mohican Financial Management (Mohican).
Absolute is the fund adviser to the Absolute Convertible Arbitrage Fund (ARBIX) while Mohican Financial has been the Fund’s subadviser. The strategic transaction brings the two firms together.
Apex has worked with Absolute to support fund launches and provide ongoing fund services since its foundation in 2004. Absolute provides access to non-traditional investment strategies in mutual fund structures and continues to prove the value offered to investors by the asset class. In this case, the Absolute Convertible Arbitrage
Trading Technologies International, (TT), a global provider of high-performance professional trading software, infrastructure and data solutions, is to be acquired by 7RIDGE, a specialised growth equity firm invested in transformative technologies.
7RIDGE will fuel Trading Technologies’ organic growth and enable the firm to make targeted strategic acquisitions in the future. Cboe Global Markets, Inc (Cboe: CBOE) and Singapore Exchange (SGX), who are among the limited partners of the fund managed by 7RIDGE, have voiced their support of the transaction. Terms of the transaction, expected to close before year-end subject to regulatory approvals, have not been disclosed.
7RIDGE’s acquisition of
AFBI, a new quantitative multi-manager platform led by former Tudor and Millennium portfolio manager Pierre-Yves Guillo, has secured an anchor investment from alternative investment seeder New Holland Capital.
Established in May this year, AFBI looks to generate uncorrelated returns across a diverse set of liquid quant strategies, using alternative data, proprietary portfolio construction and robust risk management techniques.
Specifically, the Florida-based firm’s strategies include long/short equity investing around digital customer traffic, systematic investments in Chinese commodities futures, real-time mining of alternative datasets in regional macro markets globally, and short-horizon low-latency FX trading.
“New Holland Capital provided us with a sizeable
CTAs and trend-following hedge funds have strengthened their returns as October draws to a close, with recent gains pushing the sub-sector’s year-to-date returns further into double-digit territory.
