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Hedge fund manager confidence for the coming year was up slightly at the end of Q1 2023, according to AIMA’s 10th quarterly Hedge Fund Confidence Index, produced in partnership with Simmons & Simmons and Seward and Kissel.
As some categories of alternative data mature and become standardised in the investment research process, new research from fintech Exabel with active investment managers and analysts reveals that 76% believe consumer spending data will provide an ‘outsized’ information edge in the near future.
This is followed by 65% who cited web, mobile and app usage data, and 58% who said employment and people moves data.
When it comes to which class of investors or types of investment strategies are seen as the most progressive or sophisticated in their adoption of alternative data, 66% of those surveyed said fundamental-focused funds/strategies, followed
Investment fund allocators expect to increase their commitments to hedge funds over the next 12 months, according to recent research into alternative asset appetites by virtual capital introduction and conference organiser iConnections.
The TCW Group, a global asset management firm, has entered into a strategic partnership with Lakemore Partners Ltd. and its group entities, a private credit investment firm primarily investing in super-majority control collateralised loan obligation equity.
Digital asset investment products saw inflows totaling a lacklustre $2.5 million, with trading volumes falling by 33% compared to the prior week, according to the latest Digital Assets Fund Flows Weekly report from CoinShares.
Sentiment for bitcoin was fairly supportive, seeing inflows of $8.8 million, while short bitcoin saw outflows of $2.5 million.
CoinSHares says the outflows in ether ($2.8m) and inflows into short-ether ($0.5m) suggest investors remained concerned for the upcoming Shanghai upgrade.
Ken Griffin’s Citadel has joined the growing list of hedge funds and another investment firms tapping Morgan Stanley for new recruits with the appointment of Li Sun as a quantitative researcher focused on global credit.
Sun, a PhD physicist, spent almost nine years at Morgan Stanley, according to his LinkedIn profile. He first joined the business as an associate in the firm’s Beijing office in May 2014 before making a move to New York later that year and working his way up to vice president and finally executive director, apposition he held for over four years before agreeing to join
Activist investor ValueAct Capital is pushing Japanese retail group Seven & i Holdings to either spin off its 7-Eleven convenience store chain or consider selling the company in its entirety, according to a report by Reuters.
China-focused hedge-fund firm Snow Lake Capital Ltd has closed its office in Hong Kong after 12 years of operating in the city, according to a report by Bloomberg, citing unnamed sources familiar with the matter.
New Jersey based hedge fund Chatham Asset Management and the firm’s founder Anthony Melchiorre have agreed to pay more than $19.3 million to settle Securities and Exchange Commission (SEC) charges that they improperly traded fixed income securities.
The Supervisory Board of European Commodity Clearing AG has appointed Dr Tobias Paulun as the new CEO of the clearing house, effective from 1 April. The 41-year-old, who holds a doctorate in engineering and economics, will relinquish his previous position as chief strategy officer of the European Energy Exchange AG.
