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iM Global Partner, a worldwide asset management network, and Dynamic Beta investments, a New York-based hedge fund replication specialist, have marked the third anniversary of the iMGP DBi Hedge Strategy ETF (DBEH).
There are significant obstacles to further development of the crypto and digital assets industry. But hope comes in the form of improved transparency and multi-party supervision, which are critical to the journey of the space going forward. This can be delivered through a hybrid platform which sees centralised and decentralised finance working together towards a common goal.
Pictet Asset Management has expanded its $11 billion actively managed Total Return franchise with the launch of the Pictet Total Return-Lotus fund, an event-driven, special situations Asia equity fund.
Pictet-TR Lotus aims to capture opportunities in Pan-Asian equities by focusing on short to medium-term corporate catalysts, as well as longer-term secular trends such as China’s restructuring, the growth of South East Asia and the improving corporate governance in Japan.
The strategy invests in three areas: defined catalysts (equity capital market trades, thematic, special situations); pre-event (M&A, divestment/spin-off); and announced M&A. This diversification helps to provide stable, all-weather results in
Activist hedge fund PrimeStone Capital has written to chemicals group Brenntag urging the €9 billion German firm to scrap its proposed merger with US rival Univar Solutions, according to a report by Reuters.
PrimeStone, which holds a 2% stake in Brenntag, believes the deal will be subject to a lengthy anti-trust battle which would wipe out any cost-cutting benefits, and wants the company to consider a range of other options to improve shareholder value including a potential break-up of the business.
The company’s share price lost around 10% on the day news of the proposed merger broke, falling to around
Activist hedge fund Blackwells Capital has filed a lawsuit against Global Net Lease Inc and Necessity Retail REIT Inc after being prevented from putting forward its own slate of board nominees for the real estate companies, according to a report by Reuters.
Big name quant hedge fund firms including AQR Capital Management, Man Group and Aspect Capital are on course for record annual returns this year on the back of the ongoing market turmoil that has caused big problems for traditional stock and bond managers, according to a report by Bloomberg.
The report cites an unnamed source as revealing that AQR’s Absolute Return Strategy is set for its best ever year haiving seen a 40.9% gain up to the end of November. Man’s $11.6 billion AHL Alpha, meanwhile is up 10.7% over the same period while Aspect’s Diversified fund has surged 37.9%
Hedge funds and other money mangers have sold petroleum for a fifth consecutive week, according to a report by Reuters, although the rate of selling has slowed somewhat with the equivalent of 15 million barrels in the six most important petroleum-related futures and options contracts having been offloaded in the week ending 13 December.
The report cites position records published by ICE Futures Europe and the US Commodity Futures Trading Commission as revealing that total sales by fund managers over the five weeks since 8 November, now total some 236 million barrels.
The most recent week, saw continued sales of
RBC BlueBay Asset Management has made two appointments in its Environmental, Social and Governance Investment team: Younes Hassar has joined the London office as senior ESG analyst, while Emir Beganovic has joined the Minneapolis office as an ESG Analyst.Â
Most hedge funds continued their recovery in November, with equity and multi-strategy funds leading the way as the overall weighted average return for funds administered by Citco reached a total of 2.9% for the month.
Hedge funds have been increasing their short bets against cryptocurrency miners, in expectation of further fallout from the collapse on Sam Bankman-Fried’s FTX digital assets empire, according to a report by the Financial Times.
The price of bitcoin has tumbled by nearly two-thirds so far this year, while the cost of operating the energy-intensive computers used by bitcoin miners has risen sharply on the back of global power increases, leading some hedge fund managers to wager that some companies could soon run into problems.
The report cites data from Nasdaq as revealing that short bets against one of the the
