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The Depository Trust & Clearing Corporation’s Alternative Investment Product service has reached a new milestone, successfully processing over 500 million transactions since its inception as service adoption continues to increase.
AQR Capital Management is among a group of hedge funds and other traders who have asked a British judge to force the London Metal Exchange to hand over phone transcripts and meeting notes about its decision to cancel nickel trades in March of this year, according to a report by Reuters.
ICG, a global alternative asset manager, has appointed Remko van der Erf as Managing Director, to drive fundraising and service ICG’s client base in the Benelux region. Van der Erf will be based in ICG’s Amsterdam office and work alongside longstanding Managing Director, Leo Houtekamer.
Van der Erf has over 20 years of institutional asset management experience, managing and marketing award-winning multi-manager funds in alternative asset classes. Prior to joining ICG, he spent nearly 14 years at Van Lanschot Kempen, most latterly as managing director of fixed income and alternative credit within the firm’s manager research solutions team.
From 2002
Asia-based hedge funds are on course to chalk up their worst annual performance figures in 12 years, with long-short stock-picking funds having been caught out by volatility in China, according to a report by Reuters.
While Asia nmacro strategy funds, like their counterparts elsewhere in the world, have benefited from big global shifts in interest rates, the report cites a series of China factors that have proved problematic for other hedge funds including China unexpectedly loosening its rigid Covid-19 movement and testing controls, and. President Xi Jinping’s consolidation of power is another factor that has impacted the performance of equity
Bill Harnisch, the chief investment officer at hedge fund Peconic Partners, is forecasting that stocks will struggle in the coming years, with the S&P 500 trapped in a band between 2,500 and 4,400 for the next 18-36 months, according to a report by Bloomberg.
The report cites Harnisch, who has chalked up a 29% return so far this year on the back of a “prescient call on inflation 15 months ago”, as saying that he expects the Federal Reserve will be forced to keep rates higher for longer than some investors are hoping. And wile stocks may rally periodically, any
The world’s largest hedge fund firms are attracting the lion’s share of investor allocations and the brightest talent according to a report by Bloomberg, with 2023 set to be a pivotal year for the $4 trillion industry.
The overwhelming majority of hedge fund indices are negative so far this year, but multi-strategy and macro funds, which have attracted the largest share of investor cash, have posted gains and helped to shield clients from a stinging stock market sell-off prompted by rising interest rates and a pivot away from years of quantitative easing by central banks.
Multi-strategy giants Citadel and Millennium
A number of Brazil-based hedge funds have upped their bets against the country’s equity market on the back of an expected deterioration in Brazil’s fiscal outlook under president Luiz Inacio Lula da Silva, according to a report by Bloomberg.
Legacy Capital, XP Asset Management and Genoa Capital have all reportedly built up their short positions against domestic stocks, while Verde Asset Management, has slashed the equity exposure of its flagship fund from its usual 25% to just 15%.
The report cites Felipe Guerra, founding parter at Legacy as saying that equity markets look expensive “all over” including in Brazil. Speaking
Despite notching up average annualised returns of -6.9% up to the end of September, credit hedge funds are finding favour with investors with 41 per cent saying they want to increase their exposure to the strategy, according to report by Institutional Investor.
Bad bets on everything from currencies to commodities saw Brazil’s top-performing hedge fund over the past two years, the SPX Raptor Fund, record a record monthly loss in November, according to a report by BNN Bloomberg.
The report cites a note sent to investors by the fund’s manager, SPX Capital, as revealing that the fund chalked up its biggest monthly decline since launching in December 2010, with an 11% fall after fees.
“The main negative contributors were rates and foreign-currency” bets, the fund wrote in the note. Wagers in equity, commodities and credit markets also led to losses, although to
The US Commodity Futures Trading Commission has filed a lawsuit against hedge fund Glen Point Capital and its founder Neil Phillips over an alleged scheme to illegally trigger payouts on two options contracts totalling $30 million.
