Managers
The US’s semi-transparent ETF structure arrived in the sector early last year, with a bit of a fanfare, as American Century successfully launched two ETFs using Precidian Investments’ ActiveShares methodology.
Managed futures funds turned in a second consecutive monthly gain in March returning 0.32 per cent, according to the Barclay CTA Index, compiled by BarclayHedge, a division of Backstop Solutions.
For the year to date, CTAs returned 2.29 per cent through March.
“A strengthening US dollar and a continuing uptrend in equity markets helped fuel CTA gains in March. The USD1.9 trillion Covid Relief bill fed deficit concerns and ignited a rise in US interest rates which, in turn, sparked appeal in USD carry trades against negative yielding currencies,” says Sol Waksman, president of BarclayHedge.
All but two of the
Neuberger Berman, a private, independent, employee-owned investment manager, has announced the second year of its advance proxy voting disclosure initiative, whereby the firm will disclose and publicly explain its voting rationale on select issues.
Read the full story at Institutional Asset Manager…
Laurium Capital (Pty) Ltd (Laurium), one of South Africa’s leading hedge fund and long only fund managers has launched its first Irish-domiciled UCITS fund, the Laurium Africa USD Bond Fund, on the Prescient Global Funds ICAV platform.
Read the full story on Institutional Asset Manager…
Bridgewater Associates (Bridgewater), a global leader in institutional portfolio management and the largest hedge fund in the world, has launched a new sustainable investing venture.
Karen Karniol-Tambour and Carsten Stendevad will serve as Co-Chief Investment Officers (Co-CIO) for Sustainability, overseeing the effort, including the design and implementation of investment solutions for clients pursuing sustainability goals alongside their financial targets.
“Sustainable investing is a strategic priority for Bridgewater and for our clients,” says David McCormick, CEO of Bridgewater. “Understanding the economic impact of environmental, social, and governance issues has always been crucial to our study of how economies and markets operate,
US investment manager Wealthspring Capital has launched its debut hedge fund strategy, Fountain Opportunities, which aims to capitalise on the ongoing boom in special purpose acquisition companies (SPACs).
The new fund, Fountain Opportunities, will take an opportunistic approach to the SPAC market through selective positioning in all aspects of the SPAC ecosystem and life-cycle, from SPAC to DeSPAC. The fund will employ leverage to buy and trade around positions and offers strategic participation in private investment in public equities. Fountain Opportunities, which will formally launch on 3 May, will pursue an aggressive return profile while taking advantage of the SPAC characteristics that help manage risk.
Man Group saw its funds under management swell further during the first three months of the year, rising to USD127 billion thanks to strong investment performance and continued investor inflows.
New analysis from ETF provider GraniteShares, which offers a range of 3x short and 3x leveraged ETPs on popular UK and US stocks, reveals that as of 15 April 2021, Cineworld Group, the world’s second-largest cinema chain, was the most shorted UK listed company.
Read the full story at ETF Express…
The hedge fund industry continued its positive run in March returning 1.23 per cent for a fifth consecutive month in the black, according to the Barclay Hedge Fund Index compiled by BarclayHedge, a division of Backstop Solutions.
By comparison the S&P 500 Total Return Index gained 4.38 per cent during the month.
For the year to date, the hedge fund industry was up 4.93 per cent through the end of March. The S&P 500 Total Return Index returned 6.17 per cent over the same period.
Gainers far outnumbered losers during March among the individual sectors tracked in the Barclay Hedge
Larger hedge funds have entered the second quarter on a high after a staging an impressive fightback which saw them generate above-average returns in March after lagging the industry average during the first two months of the year.
