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The pace of hedge fund net redemptions slowed in July to $16.88 billion (-0.35% of industry assets), according to the Barclay Fund Flow Indicator published by BarclayHedge.
A $124.13 billion trading profit during the month brought total hedge fund industry assets to more than $4.99 trillion as July ended.
Net Redemptions were the norm across most hedge fund subsectors in July. Those bucking the trend were led by Multi-Strategy funds, which were up $4.49 billion (+0.66% of industry assets). Other strategies picking up investor dollars included Convertible Arbitrage funds $1.40 billion (+3.84% of industry assets); Emerging Markets – Asia
The investable HFRI 500 Macro Index has surged +14.3 per cent YTD through August, with gains driven by long commodity and US dollar positions as the US Federal Reserve continued to raise interest rates to slow the generational inflation market environment.
After producing a strong +9.9 per cent return in 2021, the HFRI 500 Fund Weighted Composite Index has exhibited strong defensive capital preservation over the volatile start to 2022, topping equity market losses by over 2500 basis points (bps) despite posting a narrow YTD decline of -2.65 per cent through August.
The performance dispersion of the HFRI Fund Weighted
ZEDRA, a global specialist in Corporate and Global Expansion, Active Wealth, Pension and Corporate Incentives, as well as Fund solutions, has appointed Elaine Kennedy as managing director of its Guernsey office.
Kennedy has over 23 years of experience in the financial services sector, joining Zedra in 2005 where she was instrumental in establishing Zedra as a leading provider of employee benefit and share ownership trusts alongside her expertise in corporate and private family trust structures. She is a Fellow of the Association of Chartered Certified Accountants and an advisory panel member for leading share plan industry bodies.
Kennedy will
Alternative investments firms saw a significant increase in interest in 2022, according to Peregrine Communications’ second annual Alts 50 report assessing the integrated marketing communications (IMC) performance of the alternative investment management industry.
The report found that nearly three-in-four (74%) firms saw increasing brand awareness over time. This is in stark contrast to the prevailing trend among long-only asset managers, where brand awareness has been in decline since 2018, according to Peregrine’s annual Global 100 study of the largest asset managers in the world.
When looking at how well firms marketed themselves as a whole, Blackstone maintained top spot overall
Clearwater Analytics Holdings, a provider of SaaS-based investment accounting, reporting, and analytics solutions, is to acquires Paris, France-based JUMP Technology, vastly expanding its capabilities in investment management and operations with a complete front-to-back solution.
Clearwater expects the acquisition to close within the next two months.
JUMP Technology, whose clients include market leaders Rothschild & Co Asset Management, Groupama, Groupe VYV, APICIL Asset Management, and Moneta Asset Management, has developed a modular, technology platform that is dedicated to the investment management industry spanning investment managers, hedge funds, private banks, family offices, insurers, and institutional investors.
The JUMP solution covers
Billionaire hedge fund investor Ken Griffin believes that a US recession is inevitable and could happen as soon as next year, according to a report by the Financial Times.
Speaking at CNBC’s Delivering Alpha conference in New York yesterday, the Citadel boss said that the only uncertainty is how hard the recession will be. And he believes the US Federal Reserve needs to do more to tackle inflation despite having raised its its benchmark rate by 0.75 percentage points for the third time in a row.
Griffin is not alone in predicting tough times ahead for the US economy with
Hong Kong’s Securities and Futures Commission (SFC) has suspended Christopher James Aarons, responsible officer (RO) and chief executive officer of hedge fund Trafalgar Capital Management (HK) Ltd (Trafalgar), for two years from 27 September 2022 to 26 September 2024 after the Securities and Futures Appeals Tribunal (SFAT) upheld the SFC’s disciplinary action against him for breaches of the SFC’s Code of Conduct.
The SFC’s disciplinary action followed administrative proceedings against Aarons in South Korea. The Korean regulatory authorities found that Aarons had breached Korean legislation by dealing in the shares of a securities company listed on the Korea Exchange (KRX)
FX HedgePool, a peer-to-peer, institutional FX matching platform, has appointed Karen Phillips as Head of Business Development, based in New York.
In her new role, Phillips will lead the firm’s sales and relationship management efforts and report directly to CEO and Co-Founder, Jay Moore. Phillips joins from Refinitiv, where she spent the past 21 years, most recently as Americas Head of Transactions Sales and Relationship Management for FXall and Matching.
Phillips’ hire is part of a broader expansion of FX HedgePool, which recently closed an $8 million equity financing round led by Information Venture Partners (Information VP), with participation
Digital assets investment firm Hilbert Group has appointed Bruce Terry as a Senior Advisor. Terry brings four decades of hedge fund and private equity experience to the team, where he will advise and support the development of investment solutions and fundraising of capital.
Private health science startup investor Lumira is setting up a hedge fund to bet on public copies it regards as having been oversold during the sector’s troubled past year, according to a report by The Globe & Mail.
