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Redhedge Asset Management LLP, an FCA-regulated investment manager, has opened its Synergy Total Return Fund to outside investors. The fund is managed by Andrea Seminara, CIO and CEO of Redhedge, Voon Kiat Lai, Senior Portfolio Manager and the Redhedge Investment Team.
Hong Kong-based offshore funds lawyer Eason Huang has rejoined Appleby as a registered foreign lawyer in Hong Kong and a partner in the firm’s Shanghai office after all most three years as a counsel at Carey Olsen.
Huang has almost 10 years of offshore experience specialising in the structuring, formation, organisation and operation of all types of open- and closed-ended funds, and their related investment management entities. He counsels funds in all stages of their operations, and regularly advises them on fund formation and governance matters.
Huang also has significant experience in representing a wide range of sponsors on fund
Amicorp Fund Services (AMIF), a Hong Kong-based professional services firm, is preparing to list its fund administration arm in London. AMIF provides fund administration and regulatory reporting services to hedge funds, family offices and private equity and venture capital funds across Latin America, Europe and Asia.
Hazeltree, a provider of treasury and liquidity management solutions for the alternative asset management industry, has appointed Richard Winter as the company’s chief technology officer. Winter has over 20 years of expertise in fintech and delivering software solutions for financial institutions.
Cliff Asness, the founder of quantitative investment firm AQR Capital, is backing a new ‘niche’ multistrategy hedge fund launched by former employee Brian Hurst and Goldman Sachs Group alumnus Elisha Wiesel, according to a report by Bloomberg.
While hedge fund managers are lining up to launch a raft of new multi-billion dollar multi-strat funds this year, they could be doomed to failure because of ‘insane’ start-up costs, industry veteran Tom Wagner has warned, according to a report by Bloomberg.
Multi-strategy giant Millennium has added Alex Jenkins, the head of trading at boutique hedge fund Polar Capital, to its team, according to a report by The Trade. Jenkins’ new role and title with her new employer have not yet been confirmed.
Jenkins served as Polar Capital’s head of trading for over three-and-a-half years having first joined the firm in December 2019.
Prior to that, she was head of European trading at Highbridge Capital, according to her LinkedIn profile, and also spent several years in equity sales at both Cantor Fitzgerald and Virtu Financial.
Ed Garden, one of three founding partners and chief investment officer at Nelson Peltz’s activist hedge fund Trian Fund Management, is retiring from the firm after 18 years to focus on personal investments, prompting a reshuffle of the firm’s management team, according to a report by Reuters.
Goldman Sachs’ $127 million Hedge Industry VIP exchange traded fund (GVIP), which scans 13F filings to build a portfolio of popular hedge fund picks, is up more than 16% so far this year, ahead of the S&P 500’s 10% return over the same period, according to a report by Bloomberg.
GVIP’s 2023 three largest holdings are largely behind its outperformance, and they’re all AI-related chipmakers: Nvidia Corp, Broadcom Inc, and Advanced Micro Devices Inc.
All three have surged over the past month on the hype around so-called generative AI. While GVIP has historically lagged the S&P 500 since its inception
New York State Common Retirement Fund, Albany, made eight alternative investment commitments totaling up to $1.7 billion in April, according to a report by Pensions & Investments citing a post on the website of state comptroller ,and the sole trustee of the $242.3 billion pension fund, Thomas P DiNapoli.
