Managers
Carey Olsen has advised Techemy Capital Limited on the launch of HODL 1 – a closed-ended fund vehicle targeting investments into private-sale stage initial coin offerings (ICOs).
The fund, which has been authorised under the Jersey Private Fund regime, has appointed Techemy Capital Limited as investment adviser and will invest in cryptographic token deal flow.
The Techemy Group, based in New Zealand, owns and operates a range of businesses which assist in institutionalising this new asset class.
Partner James Mulholland led the Carey Olsen team advising Techemy Capital and was assisted by senior associate Lauren Fletcher.
Mulholland
FundRock Management Company is to acquire SEB’s wholly owned subsidiary, SEB Fund Services in Luxembourg. The completion of the transaction will be subject to the CSSF’s approval for the change of control.
SEB Fund Services is offering third party management company services to Nordic asset managers with Luxembourg-based investment funds. The business in its entirety, including some 20 employees, will be transferred to FundRock, subject to regulatory approval and final due diligence. The two parties intend for the agreement to be signed and sealed within the next two to three months.
“This move is part of our five
Hedge fund performance during the first half of May was fuelled by CTAs and L/S Equity strategies, while Event-Driven continued to underperform, according to the Latest Weekly Brief from Lyxor’s Cross Asset Research team.
On the Lyxor platform, Merger Arbitrage strategies have nonetheless started to recover while Global Macro strategies outperformed on the back of their long USD and long energy positions in the commodity space.
On a year-to-date basis, L/S Equity and Relative Value Arbitrage continue to outperform, while special situations strategies underperform on the back of their elevated market beta and exposures to defensive sectors such as
Fortuna Asset Management Communications – a public relations agency specialising in advice to boutique asset managers – has become a signatory to the Principles for Responsible Investment (PRI).
The move by Fortuna AMC is in recognition of the increasing importance of Economic, Social and Governance issues within the asset management industry and the need to advise on them from a communications perspective.
The PRI is the world’s largest independent proponent of Responsible Investment. It is a non-profit body which engages with global policymakers but is not associated with any government. It is supported by, but is not part of, the United
The SS&C GlobeOp Forward Redemption Indicator for May 2018 measured 3.47 per cent, up from 2.60 per cent in April.
“SS&C GlobeOp’s Forward Redemption Indicator for May 2018 of 3.47 per cent, reflects an increase from the 3.08 per cent reported for the same period a year ago for May of 2017. With respect to this year-over-year comparison, it should be noted that the 3.08 per cent reported a year ago for May 2017 was the lowest level of redemptions for any month of May since the inception of the indicator in 2008,” says Bill Stone (pictured), Chairman and Chief Executive Officer, SS&C
With the net flow of investor capital remaining firmly positive for the year, and slightly positive for April, the global hedge fund industry seems to be on positive footing so far in 2018.
However, nearly 63 per cent of reporting managers faced some level of net outflow in April, the most elevated level seen since October 2016. Those outflows were generally small though and were outweighed by new funds coming into the industry.
Investors allocated an additional USD1.78 billion to hedge funds during April, bringing year-to-date (YTD) flows to the industry to USD13.67 billion and total industry assets under
London-based Carmika Partners is to offer its alpha generating equity tail-risk strategy to investors through Kettera Strategies’ Hydra, a managed account marketplace for macro, commodities and liquid equity hedge fund strategies.
Carmika was founded in 2015, by two industry veterans, Manjeet Mudan and Martin Vestergaard, who met when working at Goldman Sachs. Kettera’s Hydra will offer Carmika’s Alpha Hedge Strategy, which is focused on isolating anomalies across equity option volatility markets globally, while limiting risk through an asymmetrical hedge with positive convexity to the up- and down-side and maintaining the ability to benefit from an improvement in markets.
“We
Apis Capital Management has launched the Apis Token which is designed to enable investors to profit from an actively managed investment strategy, which has returned over 70 per cent per year since inception, while benefiting from the liquid and tradeable nature of blockchain-based tokens.
The token will begin its private presale this June, is built using the Steller network and leverages its state of the art blockchain technology that benefits from best in class speed, efficiency, security and lowest transaction fees. With this initiative, Apis is leading the industry in democratising hedge fund investing.
Dr Edgar Radjabli (pictured),
InfoHedge Technologies has reported significant growth over the last six months in its outsourced IT and cloud-hosted client base.
With nearly 350 clients leveraging its services globally, InfoHedge Technologies sees this as a direct result of many firms relying on systems, tools, and teams that have not been optimised to fit their expanding needs and need premier service without costly overhead.
“While today’s Information Technology department has become an increasingly critical stakeholder at most alternative firms, they are often unprepared or understaffed to address the monumental task of mapping the IT landscape,” says Alexander Kouperman (pictured), President of InfoHedge
The flash estimate for the Barclay CTA Index, compiled by BarclayHedge, indicates a 0.23 per cent gain in April. Year to date, the Index is down 1.42 per cent.
“New US sanctions targeting Russian oligarchs pushed aluminium prices to six-year highs, while crude oil prices rose to their highest level in four years after threats of US withdrawal from the Iran nuclear deal stoked fears of increasing Middle East instability,” says Sol Waksman (pictured), founder and president of BarclayHedge.
The Currency Traders Index gained 0.71 per cent in April, Discretionary Traders were up 0.63 per cent, Diversified Traders added
