Latest News
With multi-strategy hedge funds proving a big draw for investors, exchange-traded fund provider and asset manager First Trust Advisors is looking to get in on the act with the launch of a new actively managed ETF, the First Trust Multi-Strategy Alternative ETF.Â
Hedgeweek exclusive: Mike Novogratz, the CEO of Galaxy Digital, gives his thoughts on the state of the digital assets hedge fund industry at the end of the first month of 2023 – and sees signs of progress.
More than 70% of the hedge funds administered by Citco generated positive returns during the fourth quarter of 2022, according to a report by Forbes, with funds of all sizes recording gains.
Alternative investment specialist Crystal Capital Partners’ hedge fund platform outperformed key benchmarks in 2002, while assets under management (AUM) double-digit growth over the course of the year.
The platform generated net positive returns of 3.83%, outperforming the HFRI Fund Weighted Composite Index (-4.25%), the HFR FOF Index (-4.7%), and the S&P 500 Total Return Index (-18.1%). Crystal’s total AUM grew by 20%, as the firm witnessed a 32% growth in new advisory relationships.
Crystal onboarded five new hedge funds to the platform in 2022. Crystal’s platform assets were majority allocated (54%) to institutional multi-strategy hedge funds, while the rest remained
BNP Paribas’ THEAM Quant – Cross Asset High Focus fund, which seeks to achieve diversified absolute returns across market cycles using a liquid UCITS vehicle, has reached €600 million in assets under management after launching in November 2021.
Horizon Software, a provider of electronic trading solutions and algorithmic technology for the global capital markets, has launched new module updates to its Horizon Extend offering, a cross-asset electronic platform for principal and agency trading.
Qomply has launched QomplyDirect – an integrated solution for firms wanting to take control of their transaction reporting and their costs. QomplyDirect enables firms to send their reports directly to the FCA eliminating the need for an ARM.
Atalaya Capital Management, an investment management firm focused on asset-based private debt and special opportunities, has closed its oversubscribed eighth Special Opportunities Fund with $1.8 billion of commitments from both new and existing partnerships with investors.Â
Millennium, the hedge fund business founded by Izzy Englander, has poached another bank managing director with the recruitment of Cagdas Aksu, who has spent the past 18 years at Barclays, most recently serving as MD and head of the bank’s European rates Strategy, according to a report by eFinancial Careers.
London-based hedge fund Eisler Capital has continued its recent recruitment drive with the appointment of Yves Masselin, a former trader at JPMorgan as a portfolio manager, according to reports.
