Latest News
In a crowded market where fund-raising is challenging, hedge fund managers need to make sure they are clearly articulating their investment story. Professional supporting materials to get their thesis across to potential investors are also critical to raising funds. Strategic partnerships are also becoming more common in the industry as hedge fund managers look to leverage the distribution power of larger, more traditional money managers.
Millennium has recruited Jack Tang as a senior credit strategist based in New York, according to a report by eFinancialCareers. Tang joins from JPMorgan where he spent over a decade and was an MD and head of several quantitative research teams including credit trading and public finance.Â
Vlado Spasov, a managing director at Blackstone Inc, has become the latest executive to depart the alternative asset manager’s hedge fund division, according to a report by Bloomberg.
Windham Capital Management has launched the Windham Quantitative Commodity Fund which will be offered as a private fund vehicle consisting of three commodity investment strategies that have been implemented by the firm’s principals for more than a decade – commodity roll yield, commodity momentum, and commodity value.
Long and short positions in commodity futures and SWAPs will be the instruments used to implement the portfolio.
Windham says the new fund will seeks to generate returns that have a low correlation to both traditional and alternative assets to provide improved diversification as well as inflation protection for investor portfolios.
The Quantitative
The average confidence of hedge fund managers in the prospects for their businesses over the coming 12 months has hit a new two-year low, according to data released by the Alternative Investment Management Association.
The Vienna Stock Exchange’s new market data distribution infrastructure has gone live providing over 270 customers with stock market data from 11 markets four times faster than before.
The software as well as the hardware and the operating system of the ADH data feed (Alliance Data Highway) have been upgraded to the latest technical standards, further increasing the stability of the system and lowering latency. The parallel operation, which will run until 3 April, makes it easier for customers to switch. The introduction of a permanent simulation environment as well as a production-like test environment will enable customers to run
The dramatic changes to the prime brokerage landscape have provided an opportunity for new, modern firms to find their place in the industry. Hedge funds are looking for alternative funding solutions, which is resulting in new market participants and broadening the ecosystem to the benefit of the industry as a whole.
Uncertainty around a myriad of financial, political, and social issues represents the greatest risk the asset management industry currently faces. In this context, insurance continues to be an important hedging tool to help cover unexpected expenses associated with the impact these issues can have.
Bridgewater Associates has cemented its position as the top foreign hedge fund operating in China after doubling its assets in the country last year to more than 20 billion yuan ($2.93 billion), according to a report by Reuters.
London-based hedge fund manager Trium Capital has launched a new long-short strategy it claims will be green enough to comply with the European Union’s most stringent environmental, social and governance designation, Article 9.
Managed by Joe Mares and Tom Ayres, the fund is a UCITS equity long/short market neutral strategy and aims to deliver long-term returns with low correlation to traditional asset classes while driving positive environmental outcomes and addressing challenges including climate change, waste management and water access.
Trium already has a successful track record in ESG-aligned investments with its Article 8 ESG Emissions Impact Fund – a strategy
