Managers
Hedge funds could be set for a rush of new capital pouring into the industry this year – potentially reaching up to USD30 billion – as investor appetite grows following strong 2020 performances, Barclays said on Wednesday.
The bank’s ‘2021 Global Hedge Fund Industry Outlook and Trends’ report found that allocator sentiment towards hedge funds is the strongest it’s been since 2014, with 41 per cent of all investors planning to increase their hedge fund exposure this year.
The annual hedge fund investor survey quizzed 240 firms representing USD5 trillion in assets, including USD725 billion of hedge fund investments –
AK Jensen Group (AKJ), a provider of turnkey trading and infrastructure solutions for fund managers, has acquired FMG Malta Ltd (FMG), a full scope Alternative Investment Fund Manager (AIFM) for both traditional and crypto hedge funds.
The acquisition, which is subject to regulatory approval by the Malta Financial Services Authority, allows AKJ to acquire a supplemental regulatory structure providing a Brexit pathway, distribution network and established client base. Additionally, the transaction will allow FMG members to utilise AKJ’s turnkey hedge fund offering for the benefit of their clients.
Anders Kvamme Jensen, CEO of AKJ, says: “FMG has a 30-plus year
Bitwise Asset Management, a provider of index and beta crypto funds, has surpassed USD1 billion in assets under management (AUM) across its fund family.
Read the full story at Institutional Asset Manager…
A number of well-known hedge fund short sellers continue to target London-listed oil and gas company Tullow Oil, as the beleaguered exploration firm looks to overhaul its business model and improve its balance sheet position.
Overbond’s fixed income artificial intelligence (AI) now offers protocol and system agnostic integration with venues and e-trading systems used by sell-side and buy-side trading desks thanks to a strategic alliance with electronic trading innovator, Rapid Addition.
Read the full story at Institutional Asset Manager…
ARK36, one of Europe’s fastest-growing cryptocurrency-focused investment funds, has partnered with CVX Ventures, a Danish venture investor, as part of the fund’s ongoing effort to strengthen its presence in the European market and to provide more value at scale to its investors.
CVX Ventures’ mission is to create value for the most promising new companies by facilitating the exchange of skills and knowledge and driving their growth through capital investment. Their current network of partners includes more than 380 private investors, advisers, and board members, as well as investment funds.
CVX is always scouting for new, high-performing companies they can
The SS&C GlobeOp hedge fund Forward Redemption Indicator for February 2021 measured 2.37 per cent, up from 1.78 per cent in January.
“SS&C GlobeOp’s Forward Redemption Indicator of 2.37 per cent for February 2021 reflects a 16 per cent reduction in redemption notices compared to 2.83 per cent reported a year ago,” says Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies. “The 2.37 per cent reading for February 2021 also marks the eighth consecutive month of lower year-over-year redemptions, as well as the lowest redemption level for any month of February since the Forward Redemption Indicator’s inception in 2006.
“Hedge fund asset retention
The stock market gamification seen in the Robinhood-GameStop trading saga is unlikely to end soon or draw major near-term regulatory actions, according to a major new report published by Bloomberg Intelligence (BI), North American Gamification of the Stock Market Report.
Retail investors are a major force, accounting for 23 per cent of US equity trading volume, and could provoke further “meme” stock gyrations, says the BI report. Greater Robinhood scrutiny and higher Depository Trust and Clearing Corporation (DTCC) margin requirements could curtail some gamification practices and force traders to shift venues, but may not alter their appetite for heavily shorted
In recent months, Market Neutral L/S strategies underperformed other hedge fund strategies, in a context where risk assets rallied following the Pfizer vaccine announcement in November 2020.
Lyxor’s stance on the strategy remains Underweight on the back of its exposure to the Momentum risk factor, which appears poorly suited for the current environment.
Market Neutral L/S experienced diverging fates in the past three months, but on average their performance has been disappointing, as it was already last year
Lyxor’s views on the strategy remain quite defensive for two main reasons. Market Neutral L/S is a defensive strategy by nature, which
Man GLG’s Flamand urges market neutral tilt as inflation risk looms amid equities “euphoria”
Man GLG’s Flamand urges market neutral tilt as inflation risk looms amid equities “euphoria”