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Emerging managers say it’s been harder to win new business in 2022 than in 2021, with investors either backing off or doubling down on stringent investment thresholds.
While analysis of the fundraising environment yields a familiar result, the ways emerging managers differentiate themselves is continuing to evolve.
The capital-raising outlook for emerging hedge fund managers is – perhaps unsurprisingly – mixed. First, the bad news. With hedge funds’ performance suffering in recent months, the fundraising environment is back to where it was before the pandemic: investors are taking fewer risks, strengthening their thresholds for investment, and pulling money from hedge fund products on a net basis.
TOP STORY: The Teacher Retirement System of Texas, one of the largest pension funds in the US, has benefitted from a number of winning hedge fund bets placed by the likes of Citadel and Man Group, according to a report by the Wall Street Journal.
The managed futures industry posted a -1.33% loss in November following three consecutive months of gains, according to the Barclay CTA Index, compiled by BarclayHedge. Year-to-date, the managed futures industry has returned 8.24%, posting gains in nine of the past 12 months.
The Oregon Public Employees Retirement System has committed a total of around $1.6 billion to 11 alternative investment funds, including hedge funds, according to a report by Pensions & Investments Online.
The allocations were confirmed by the Oregon Investment Council Council, which oversees the pension system’s investments, and the Oregon Common School Fund which it also oversees.
The new commitments include several hedge fund investments including a total of $255 million to Bridgewater Pure Alpha Major Markets II – $250 million from the pension fund and $5 million for the Common School Fund. A total of $207.5 million has also
Franklin Templeton has launched the Franklin K2 ActusRay European Alpha UCITS Fund, the latest addition to its Luxembourg-domiciled Franklin Templeton Alternatives Funds 2 range.Â
Kaufman Rossin Alternative Investment Services, a full-service fund administrator that provides outsourced fund administration, tax, regulatory, audit and advisory services to the alternative investment industry, is using the Fund Recs Velocity platform to automate cash and position .
Third Bridge, an investment research company serving private equity funds, hedge funds, mutual funds and management consulting firms, has launched Maps, a new way to visualise public and private company value chains in a single view, helping investors fast-track early-stage research within minutes.
Third Bridge currently has almost 10k Maps featuring over 100,000 companies and coverage is growing rapidly. Each value chain map illustrates an entity’s key structure, suppliers, customers, and competitors, allowing investors to prioritise their research focus and navigate through Third Bridge’s integrated content platform.
Maps are created by Third Bridge analysts who conduct in-depth profiling sessions
Aaro Capital, a specialist in cryptoassets and DLT investments, has launched a second flagship investment strategy – the Aaro Market Neutral Crypto Multifund – an institutional quality fund of funds offering market neutral access to cryptoassets via a diversified, risk-managed approach.
Aaro Capital says the new fund will seek “to capitalise on short term market inefficiencies in a risk-controlled manner while protecting against the high volatility of the asset class”.
The fund will be available to institutional and other professional investors through either a Cayman-based fund or a Luxembourg-domiciled SICAV
The launch of a second fund of funds strategy builds
