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Eric Lonergan, a macro hedge fund manager at M&G where he has been running over $5 million in assets, is to quit the firm on 1 December after 16 years with the firm, according to a report by Funds Europe.
The report cites a LinkedIn post by Lonergan as revealing that he would quit M&G by the end of the year, but the firm later announced he would be giving up his role at the start of next month.
Lonnergan, who joined M&G back in 2006, posted on LinkedIn that it was “time for a change”.
Prior to M&G, he
Kingsbarn Capital Management, a multi-disciplinary alternative asset manager focused on delivering niche products that help investors best navigate current market conditions, has appointed Jim Fowler as its Chief Investment Officer.
Euan Fraser, Chief Executive Officer, of Alpha FMC, a global provider of specialist consultancy services to the asset management, wealth management and insurance industries, has notified the Board of his intention to step down on 31 March 2023.
Fraser will remain with the Group as a Strategic Adviser with Luc Baqué, currently Global Head of Asset & Wealth Management Consulting at Alpha, set to succeed hims as Chief Executive Officer with effect from 1 April 2023.
Baqué, aged 46, joined Alpha in 2010 to create the Paris Office. He became Head of Europe in 2016 and Global Head of Asset
An increase in allocations to alternative investments by US public pensions over the the past two decades may have helped reduce volatility, but may not have boosted overall returns, according to a report by Pensions & Investments Online.
AXA IM Alts, a specialist in alternative investments with c€184 billion of assets under management, has appointed Lu Gao as head of client group alts Asia. This appointment forms part of the recently announced evolution of AXA IM Alts’ organisation structure into five dedicated business lines to prepare the business for its next stage of growth, and highlights the centrality of the APAC region in achieving these global growth ambitions.
While the current market environment presents challenges for institutional investors, it also offers hedge funds alpha opportunities unseen for years. To maximise their return potential in this environment, hedge funds are investing in more data and further developing their tech stack to help scale their operations.
Hedge funds are maintaining their bearish stance on equity markets despite the recent stock market rally prompting them to unwind short bets at a rapid rate, according to a report by Bloomberg.
Shipping and mailing company Pitney Bowes Inc is being pushed to re-evaluate its capital allocation and e-commerce strategy by hedge fund Hestia Capital Partners, according to a report by Reuters.
Blockchain specialist Quant has partnered with UST, a digital transformation solutions company, to provide technical integration and tokenisation services to central and commercial banks and capital markets participants.
These services will help financial institutions adopt digital assets, as they increasingly realise the benefits of distributed ledger technologies by issuing digital money and tokenising existing asset classes for greater settlement speed and access to new markets and clients
Quant will provide the foundational technology, and UST will provide support through user interface design and integration via its Sandbox based in their London Innovation Lab. The partnership facilitates the issuance of
Hildene Capital Management, a $12 billion credit-focused asset manager, has formed Ludlow Re SPC, Ltd, a Cayman Islands-based, Class B(iii) insurance company.
