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Man Numeric, the quantitative investment arm of Man Group, says macro themes and nation subsets are outdated, with ever-increasing volumes of data from emerging markets now seen as key to peer-beating returns instead, according to a report by Bloomberg.
Ori Ben-Akiva, director of portfolio management at Boston-based Man Numeric, says the firm’s core emerging market funds are largely ditching the traditional country-by-country approach when it comes to trading portfolios and building investment themes.
Instead, its strategies are now trawling social media accounts, e-commerce websites and other sources to inform choices from around 5,000 developing-nation companies.
The number of models the
The Canada Pension Plan Investment Board, Canada’s largest pension fund, will seed more startup hedge funds this year as part of a plan to diversify its investments, according to a report by the Financial Post.
The CPPIB, which manages $570 billion in assets, will spread funding among more firms as part of its emerging manager programme by reducing the starting amount they invest with each fund. Each will receive amounts starting from US$50 million, down from US$100 million, a person familiar with the matter said.
The move comes as startup hedge funds face an increasingly launch environment, with larger multi-strategy
Equity markets are trading above their fair value and could see a sudden pull-back, according to Fundstrat Global Advisors managing partner and hedge fund veteran Tom Lee.
In an interview with CNBC, Lee warned that the stock market is currently overbought, at 13% above the 200-day moving average, making it more vulnerable to negative developments and a potential sharp correction. negative developments.
Yet Lee indicated that the weakness may ultimately prove to be shallow, with any correction likely to be a phase of market consolidation, during which investors may shift their capital towards other stocks that have yet to experience
Total hedge fund assets increased for the third consecutive quarter in Q2, as investors allocated new capital to equity hedge and event driven strategies, according to Hedge Fund Research.
Crypto Facilities, a multilateral trading facility for derivatives referencing crypto assets which allows institutional clients to trade contracts long and short, has appointed ex-True Arrow Capital Management COO and CFO Mark Jennings as its new CEO.
In the past, Jennings was COO and CFO for US quantitative hedge fund True Arrow Capital Management, and previously worked in hedge fund services for both Credit Suisse and Citi.
Before moving to London-based Crypto Facilities, he was the COO for its parent firm Kraken’s European Operations, playing a key role in establishing and enhancing Kraken’s regional footprint.
Jennings said: “Institutions want exposure to
The Alternative Investment Management Association and its private credit affiliate the Alternative Credit Council say the provisional political agreement reached on the EU’s Alternative Investment Fund Managers Directive (AIFMD) Review provides regulatory stability for alternative investment industry.
TOP STORY: Hedge funds are dumping short positions at their fastest pace since January as returns continue to lag the MSCI and bets on a recession continue to falter, according to a report by Reuters.
Activist hedge fund Elliott Investment has acquired a stake in US drug manufacturer Catalent, after the New Jersey-headquartered, NYSE-listed company saw revenues plunge in the first quarter. Elliott is pushing for changes on Catalent’s board after Catalent’s Q1 fell 19%, according to a report by the Wall Street Journal.
Catalent – which conducts outsourcing work for large pharmaceutical companies – had earlier delayed its results announcements three times and slashed its annual revenue forecast for the second time.
During the COVID-19 pandemic, Catalent was contracted by several companies including AstraZeneca, Johnson & Johnson and Moderna to fill vaccine vials at plants
The number of crypto hedge funds using decentralized exchanges is growing, according to analysis by BanklessTimes.com, which found 44% of crypto hedge funds now use DEXs, up from 42% in 2022 and 31% in 2021.
The rise suggests DEXs’ popularity is gaining momentum among institutional investors, according to BanklessTimes crypto expert Alice Leetham.
“The number of crypto hedge funds embracing DEXs is quite remarkable, given the challenges that still remain in terms of regulatory uncertainty and cybersecurity,” Leetham said. “It appears that more investors are now recognizing the advantages of decentralized exchanges.”
Leetham said DEXs can offer lower fees, since
GROW Investment Group, a China-based investment firm backed by Julius Baer Group and Navigator Global Investments, is looking to raise $50 million to buy stakes in domestic hedge fund managers.
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