Managers
Start-up hedge funds’ success or failure often hinges on how managers build fee structures and foster investor relationships during the perennially tricky launch process, which industry participants warn can be frustrating, expensive and time-consuming.
The opening session of day two of this year’s HedgeweekLIVE North America Emerging Manager summit focused on fee structures, with panellists discussing seed and anchor capital, developing networks in the remote working environment, and the shifting allocator sentiment towards the industry.
Kieran Cavanna, co-founder and CIO of fund of hedge fund Old Farm Partners, noted the challenges that have arisen as a result of Covid-19, but
Despite the changing environment and challenges that Covid-19 has presented to operational and investor due diligence processes, sophisticated allocators still demand a “high level” of compliance and institutional infrastructure, according to Jenny Kim DeSmyter (pictured), Managing Director, Sales Strategy, SS&C Eze.
Speaking on the ‘Evolving Operational Challenges’ panel during this year’s HedgeweekLIVE North America Emerging Managers summit, DeSmyter explained how ensuring data remains protected is vital for both managers and investors in the remote working environment that has prevailed throughout the coronavirus pandemic.
The second session of day one spotlighted how operational due diligence and investor expectations are changing, and
Bitwise Asset Management, one of the world’s largest cryptocurrency index fund managers, has raised USD70 million in a Series B funding round led by Elad Gil and Electric Capital. New backers include Daniel Loeb’s Third Point LLC, alongside individual investors Henry Kravis, and Stanley Druckenmiller.
Emerging hedge funds must tread with caution in the face of increasingly complex operational infrastructure as their businesses gather pace and raise assets, speakers at Hedgeweek’s fourth annual HedgeweekLIVE North America Emerging Managers Summit said on Wednesday.
Managed futures funds ground out another solid batch of returns this month, yielding 0.81 per cent and making May the fourth period in a row of gains for the CTA industry. For the year-to-date interval, CTAs have earned their investors a return of 4.85 per cent according to the Barclay CTA Index, compiled by BarclayHedge, a division of Backstop Solutions.
“A triumvirate of rosy economic forecasts, pent up consumer demand and continuing production backlogs propelled many commodities’ prices well past their pre-pandemic thresholds to levels not seen in a decade,” says Ben Crawford, Head of Research at BarclayHedge. “With the
Waystone, a global governance and third-party management company, has created a new global compliance offering via the merger of four compliance service providers.
Read the full story at Institutional Asset Manager…
The hedge fund industry notched its seventh consecutive month in the black, posting a 1.08 per cent return for the month of May, according to the Barclay Hedge Fund Index compiled by BarclayHedge, a division of Backstop Solutions. In aggregate hedge funds outpaced the S&P 500 Total Return Index by 38 basis points on the month.
This stretch of positive results by hedge funds brings their year-to-date performance to 8.06 per cent, modestly narrowing the gap to the S&P 500 Total Return Index which has enjoyed a 12.62 per cent return over the same period.
All but four hedge fund
Kairos Investment Management Ltd, the London-based subsidiary of Kairos Group and Engadine Partners LLP, a London-based independent asset manager specialised in offering alternative investment solutions, are to sign a cooperation agreement aimed at strengthening and leveraging their investment expertise and distribution networks.
Through this cooperation, Kairos will strengthen the business of Kairos Investment Management Ltd, the Group’s subsidiary specialised in the management of alternative funds, thereby also enhancing its European long-short offering. Marcello Sallusti, founder of Engadine Partners, will become Chief Investment Officer (CIO) of Kairos Investment Management Ltd while retaining his responsibilities as CIO of the current Engadine
SS&C Technologies Holdings has announced that the gross return of the SS&C GlobeOp Hedge Fund Performance Index for May 2021 measured 0.54 per cent.
Hedge fund flows as measured by the SS&C GlobeOp Capital Movement Index advanced 0.33 per cent in June.
“SS&C GlobeOp’s Capital Movement Index for June 2021 was 0.33 per cent, reflecting positive net flows into hedge funds. On a year-over-year basis, this result was essentially in line with the flows reported a year ago of 0.35 per cent,” says Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies. “Year-to-date net flows are positive and running ahead
In a new white paper, Merrill Sepehrnia, Head of Total Return Sustainability at Pictet Asset Management, explains why hedge funds are well placed to uncover ESG issues and help drive the ESG agenda forward.
He argues that while “sustainable investment is usually associated with a long-term, buy and hold approach, hedge funds are arguably at least as well-placed as their long-only peers in using environmental, social and governance (ESG) factors to construct portfolios. Their ability to go long and short can be a considerable advantage. Not least when it comes to holding companies to account for poor governance.
“Indeed,
