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Man Group suffered an 11 per cent drop in funds under management during the first quarter of 2020, though its absolute return hedge fund strategies generate positive returns during March’s market mayhem.
The London-headquartered publicly-listed global hedge fund group saw its funds under management slide to USD104.2 billion during the three-month period ended 31 March, down from USD117.7 billon on 31 December 2019.
The group, often considered a bellwether for the UK’s broader alternative asset management industry, attracted net inflows of USD500 million, but suffered negative FX and other movements of some USD3.3 billion, according to its first quarter trading statement.
In
Crypto Finance , a specialist in crypto currency trading, tokenisation and storage services to institutional investors has raised CHF14 million in a Series B funding.Read the full story at Institutional Asset Manager…
Global digital currency asset manager Grayscale reported a record-setting USD503.7 million in inflows to its digital currency funds in Q1 2020, despite the economic shock of the coronavirus pandemic. This is nearly double the previous quarterly high of USD254.8 million set in Q3 2019. Over the last quarter, institutional investors represented 88 per cent of all inflows, the majority of which were from hedge funds.
The mandate and strategic focus of these funds is broadly mixed and includes Multi-Strategy, Global Macro, Arbitrage, Long/Short Equity, Event Driven, and Crypto-focused funds.
New investors accounted for USD160.1 million in inflows. Grayscale Bitcoin Trust and Grayscale
SANNE, a global provider of alternative asset and corporate business services, has made three senior appointments – Jason Bingham as Chief Strategy Officer, Daryn Kerr as Global Head of Technology Change, and Marta Ciemiega as business development director in New York. Bingham, who already serves on the Group’s Executive Committee, previously held the post of Managing Director of Product Development. He has been with SANNE since 2012 when he joined as Head of Real Assets focusing on strategy, business development and product operations.
With more than 20 years’ industry experience and his extensive network across the globe, Jason is perfectly
BrightSphere Investment Group has promoted chief financial officer Suren Rana to chief executive officer and president, with Rana taking over the roles from the outgoing Guang Yang.The appointment is effective immediately, and Rana will also join the board of directors.
In addition, the Board has elected John Paulson to succeed Yang as chairman.
Paulson says: “Suren Rana will be leading the Company as CEO going forward. As we look to grow our assets, we have found that tailored efforts led by our affiliates directly, rather than centralised efforts, have been the most productive. Therefore, going forward, the company will focus
Triad Securities, an agency-only brokerage firm, has announced a ‘Triad Cares Trading Day’ on 20 April to help Covid-19 relief efforts. All of Triad’s trading commissions will be donated to a group of four leading charities that provide services to those impacted by the coronavirus crisis in the Greater New York City area.
Kevin Schultz, Triad’s chairman, says: “Our clients, employees, family and friends are all looking for a way to support their communities and the courageous first responders and front-line healthcare workers. We are pleased to do our part by giving our clients a simple and efficient way to give
The hedge fund industry returned to net outflows in February with USD8.1 billion in redemptions, a reversal from January’s USD21.2 billion in inflows.February’s redemptions represented 0.2 per cent of industry assets, according to the Barclay Fund Flow Indicator published by BarclayHedge, a division of Backstop Solutions.
A February trading loss of USD57.9 billion brought total hedge fund industry assets to nearly USD3.21 trillion as February ended, down from USD3.26 trillion at the end of January.
February’s redemptions were driven largely by USD8.9 billion in outflows from hedge funds in the UK and its offshore islands and USD1.2 billion from funds
Future rises in the cost of natural gas following the recent oil price crash may squeeze utility companies’ profits, with US names potentially proving a lucrative short bet for hedge funds.
Horseman Capital Management, the London-based contrarian long/short manager led by Russell Clark, believes that US power companies – which have steadily shifted from coal to natural gas as a result of cheaper prices since 2008 – may suffer from any imminent reversal.
US natural gas futures, in steady decline since their 2008 high, recently rose following last month’s oil price crash.
But while cheaper natural gas has helped foster
The Chartered Alternative Investment Analyst (CAIA) Association has issued a four-point call to action for the alternative investment industry practitioners as part of a new report on the future of alternative investments.The Next Decade of Alternative Investments: From Adolescence to Responsible Citizenship, also includes a wealth of data on the growth of the space, plus insights into where alternatives are heading in the decade to come.
The paper, which began development in early 2020, is particularly timely in the current climate as the global economy and investment community are seeking stable footing in the midst of the still-unfolding COVID-19 pandemic.
Financial information firm Refinitiv has unveiled key enhancements to its ESG scoring methodology, making its company scores “more data driven than ever”. Accounting for industry-based materiality weighting of metrics, with minimal company size and transparency biases, the updated methodology allows investors and companies to more objectively conduct industry peer-comparisons.
Refinitiv ESG scores are designed to transparently and objectively measure a company’s relative ESG performance, commitment, and effectiveness across 10 main themes (emissions, environmental product innovation, diversity and inclusion, human rights, shareholders, etc) based on publicly reported data.
The enhanced ESG scores are a uniquely effective way to assess materiality across industries,
