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Fulcrum Asset Management, an independently owned asset manager with £5.1 billion ($6.2bn) in funds under management, has signed a three-year agreement to sponsor Middlesex Women, Middlesex Girls, the Sunrisers and Middlesex Cricket’s new charitable arm, Middlesex in the Community.
Following a series of high-profile failures last year, a renewed emphasis on risk management and operational due diligence, coupled with thoughtful regulation, is key to the digital assets sector repairing its reputation. Ben Jacobs, co-founder and managing partner of crypto/blockchain fund of funds Scenius Capital, identifies some of the challenges ahead and where the best investment opportunities may lie… Â
Man Group pulled in more than $1 billion in inflows into its funds in the first quarter, amid wider outflows from the hedge fund industry as the sector struggled with surging volatility and fears of a banking crisis.
Hedge funds continued to rebound with even better weighted average returns in the first quarter of this year than Q4 2022, with Multi-Strategy and Equities funds continuing as the top performers, according to a data released by Citco.
Data from the fund administrator, which has over $1.8 trillion in assets under administration (AUA), saw an overall weighted average return of 4.49% in the first quarter of this year – up from 4.11% in Q4.
All fund strategies delivered positive returns with the exception of Commodities at -2.2% and Global Macro at -1.14%. Multi-Strategy and Equities funds bettered their Q4
Activist hedge fund TCI has secured a seat on the board at Spanish mobile phone tower operator Cellnex having engaged in a campaign for change at the company which led to the resignation of two independent board members earlier this month, according to a report by Reuters.
TCI, Cellnex’s biggest shareholder with a 9% stake, including 5.9% in derivatives, last month sought to remove the board’s chair and two board members, claiming that company’s search for a new CEO had been mishandled.
TCI also requested that its representative Jonathan Amouyal join the board, a move that was approved by Cellnex’s
Bill Ackman, the CEO and founder of New York-based hedge fund Pershing Square Capital Management, is backing Common Denominator, a charity focused on improving numeracy and mathematics skills among children, with a guest appearance at the charity’s upcoming Power of One Gala fundraising event.
When it comes to analysing alternative data, 71% of professional investment managers and analysts who focus on fundamental investing say they use third party software systems, according to new research from alt-data specialist Exabel.
Capital markets services provider Options Technology has launched a US Options market data feed in Frankfurt FR2. OPRA NBBO allows in Equinix Frankfurt FR2, allows Options to provide European clients with access to the most accurate and up-to-date information on US options markets.
The Managed Funds Association, the trade association for the global alternative asset management industry, has appointed Jeffrey Himstreet as vice president and senior counsel, regulatory affairs.Â
H&R Real Estate Investment Trust and activist hedge fund activist investor K2 & Associates Investment Management Inc have called a truce and agreed on the appointment of two new directors to the REIT’s board, neither of whom were on K2’s proposed slate, according to a report by The Globe and Mail.
Just three weeks after the Toronto-based hedge fund nominated four board candidates, the two parties have reached a compromise, with Lindsay Brand, a former real estate banker and former executive at property developer Dream Unlimited, and Leonard Abramsky, a commercial real estate veteran who is also on the boards
