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BFAM Partners, the Hong Kong-based investment firm founded by Benjamin Fuchs, could be on the road to recovery after a troubled 2022, with the both the firm’s main hedge fund and a side pocket of illiquid Chinese credit recording gains in January, according to a report by Bloomberg.
Tor Svelland, the boss of shipping-focused hedge fund Svelland Capital, has predicted another bumper year for the industry on the back of China’s economy reopening and a lack of fleet expansion across the globe, according to a report by Bloomberg.
Svelland, whose fund focusses on investments in the commodities and freight markets, believes that all of the ingredients are present for a strong, and perhaps even a record, year.
In an interview with Bloomberg he said: “We are under invested in shipping, so the majority of the market is struggling on the supply side.” And even after a record year
Q Securities, an independent MiFID investment firm and brokerage house with offices in Luxembourg and Poland, has launched operations in Malta having secured a licence from the Malta Financial Services Authority to offer depositary services to alternative funds.
Galaxy Digital Holdings, a financial services and investment management specialist in the digital asset, cryptocurrency, and blockchain technology sectors, has completed its acquisition of substantially all of the assets of GK8, a secure institutional digital asset custody platform, for approximately $44 million.Â
The short dated residential bridge loan market is still nascent, and the market is fragmented with thousands of originators nationwide. As the sector moves towards a more consolidated future, players can differentiate themselves by employing innovative technology and data solutions.
Third Point Management, the New York-based hedge fund firm founded by activist investor Daniel Loeb, is planning to mount a board challenge at Bath & Body Works, despite the recent addition of new directors at the beauty product retailer, according to a report by Reuters.
Following the receipt of CSSF approval at the end of November, iM Global Partner has now launched the iMGP DBi Managed Futures fund for European investors, which aims to replicate the pre-fee performance of a representative basket of leading managed futures hedge funds in a UCITS wrapper.
By targeting the performance of a portfolio of hedge funds, split between different sub-strategies, the fund, which has been launched in partnership with hedge fund replication specialist Dynamic Beta Investments (DBI), seeks to minimise single manager risk.
DBi is the sub-Manager of the iMGP DBi Managed Futures fund, a new sub-fund of
AIR Asset Management, a Chicago-based hedge fund management firm focused on investing in life settlements, private credit, and annuities, has partnered with Kerberos Capital Management, a private credit asset management firm that specialises in direct lending to law firms.Â
Trium Capital, a multi-PM alternative asset manager, has appointed Deepak Baghla as co-portfolio manager of the Trium Alternative Growth Fund, an uncorrelated liquid alternative UCITS fund. Baghla will work alongside Toby Hayes, who has managed the strategy since its inception in September 2021.
Baghla has extensive portfolio management and trading experience, which includes positions at Morgan Stanley, Barclays, Millennium and Symmetry. He will work closely with Hayes to build out Trium’s capability by designing and implementing bespoke uncorrelated systematic strategies within the fund.
The Trium Alternative Growth Fund has had a strong run since its inception both in terms
PGIM Quantitative Solutions, the quantitative, multi-asset and liquid alternatives specialist of PGIM, has appointed Andy Wilmot as head of Strategic Relationships, reporting to Brian Carroll, head of global distribution at PGIM Quant.Â
