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Lombard Odier Investment Managers has hired ex-Sandell Asset Management event driven specialist Raj Davé to run a new fund within its hedge fund and alternative investment unit, 1798 Alternatives, focusing on special situations and event driven opportunities.
In his new role Davé, who reports to Christophe Khaw, CIO of LIOM’s 1798 Alternatives, will trade opportunities across the capital structure, and aim to generate returns with low correlation to traditional equity and fixed income markets.
New York-based Davé has more than 20 years’ experience trading high yield, distressed and event driven markets. He previously managed the distressed credit fund, Torgos Credit
Crestbridge has been recognised for supporting asset managers with cutting-edge compliance and regulatory expertise at this year’s Hedgeweek European Awards.
Winners were announced at a virtual ceremony on 11 March, with Crestbridge taking the honours in the ‘Best Regulatory Advisory and Compliance Firm’ category. The winners were selected through a rigorous ‘peer review’ online voting process from a broad cross-section of managers, service providers and investors in the European alternative funds space.
An established fixture in the international hedge and alternative fund space, the Hedgeweek European Awards are designed to recognised excellence amongst managers and service providers.
The award win
BCS Global Markets’ (BCS GM) UK-based Prime Brokerage business has been voted the ‘Best Boutique Prime Broker’ in the Hedgeweek Europe Awards 2021.
The annual Hedgeweek European Awards recognise excellence among fund managers and service providers across Europe and celebrate the outstanding achievements of the professionals shaping the future of the hedge fund industry ecosystem.
BCS GM’s reputation as a ‘boutique’ Prime Broker is one of the business’ key strengths. By putting up no hurdles when engaging clients, BCS GM has filled a void in the market. This coupled with the recently launched Capital Introduction service has seen BCS GM
Diginex Limited (Nasdaq: EQOS), a digital assets financial services company, has launched EQUOS Origin (EQO), a token that can only be earned through trading on the EQUOS cryptocurrency exchange.
Read the full story at Institutional Asset Manager…
Jeremy Touboul, a former fund manager at H2O Asset Management, and Raphaël Remond, former CEO of State Street France, have launched LIOR Global Partners, a new sustainability-focused discretionary global macro hedge fund firm.
LIOR Global Partners will use a top-down research process to identify a mix of directional, relative value and thematic investment opportunities across a mix of credit, equities, sovereign bonds and currencies, investing both long and short to generate absolute returns regardless of market environment.
The portfolio-building process brings together macroeconomic research, valuation metrics, technical indicators and quantitative tools, fusing quantitative models with human analysis.
Jeremy Touboul, co-founder
The Wilshire Liquid Alternative Index, which provides a representative baseline for how the broad liquid alternative investment category performs, returned 1.18 per cent in February, underperforming the 1.52 per cent monthly return of the HFRX Global Hedge Fund Index.
The Wilshire Liquid Alternative Index family aims to deliver precise market measures for the performance of diversified liquid alternative investment strategies implemented through mutual fund structures, backed by a proprietary classification methodology.
“Following the Reddit-induced deleveraging at the end of January, equity markets bounced back to reach all-time highs during the first three weeks of February,” says Jason Schwarz, President and
AlphaMaven has launched a free Investment Listings service for fund managers which initially includes over 100 funds and managed accounts.
Managers participating in the launch cover a broad cross section of the Alternative Investment universe, including Hedge Funds, CTAs, Venture Capital Funds, Private Equity Funds, Real Estate investments, and Cryptocurrency/Blockchain Investments.
Helping Investors Efficiently Build and Maintain Diversified Portfolios
AlphaMaven’s primary mission is to help investors cost-effectively build and maintain diversified portfolios that include Alternative Investments.
AlphaMaven offers an interactive content platform specifically designed to help investors find alpha. Unlike traditional investment databases, managers can showcase research, awards, news, marketing
Rhenman & Partners Asset Management’s flagship healthcare-focused hedge fund overcame February’s market volatility to finish the month in positive territory, as the strategy triumphed in the Best Global Equity Fund category at this year’s Hedgeweek European Awards.
The Rhenman Healthcare Equity Long/Short fund – which trades a range of small, medium and large pharmaceuticals, biotechnology, medical technology and services stocks – added 0.57 per cent to its main euro-denominated IC1 share class during February. That brought its returns since the start of the year to 1.89 per cent. The strategy’s SEK class meanwhile rose 1.07 per cent last month, and
Hedge funds may be better placed to withstand a future performance squeeze in SPACs than other investors, as the recent sell-off in the asset class shed light on vehicle structures and investor-sponsor alignment.
Special Purpose Acquisition Companies, or SPACs, have been among the brightest investment prospects over the past year, with hedge funds in particular helping to fuel the boom.
But as the sector sharply corrected towards the end of February, with retail investors feeling the pinch, hedge funds appeared to have registered a more modest hit from such ‘blank-check’ investments, Lyxor Asset Management strategists said this week.
SPACs raise
The global hedge fund business continued its strong start to 2021 with 80 per cent of funds seeing positive performance in February, according to eVestment’s February hedge fund performance data.
The average positive performance among this large group of funds was +4.51 per cent. Factoring in those with negative performance, the industry as a whole returned +3.22 per cent in February, bringing overall industry year-to-date (YTD) performance to +4.26 per cent.
February’s hedge fund performance figures mark a solid year for the industry, according to eVestment Global Head of Research Peter Laurelli.
“Since post-pandemic onset in March 2020, the
