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Hedge funds are heading for one of their worst years of performance on record, with many managers having failed to protect investors from sharp falls in equity and bond markets, according to a report by The Financial Times.
According to data from HFR, hedge funds were down 5.6 per cent on average in the first six months of 2022, leaving the industry on track for its second-worst year of returns since 1990 – when HFR began recording performance – second only to the losses seen during the global financial crisis of 2008.
Long-short equity funds, which manage around $1.2 trillion
Guangdong Zhengyuan Private Fund Investment Management Co’s Liao Maolin believes that the worst is over for China stocks and a rebound is looming large, according to a report by The Financial Post.
Having invested heavily in the country’s sinking stock in March, the hedge fund manager is now focused on betting on downstream green energy companies and is raising money to invest in solar and wind power plants.
And the strategy is already paying off with the firm’s holdings in companies focused on photovoltaic technology — devices that convert light into electricity — having rebounded as predicted, extending the Zhengyuan
Caravel Capital Investments Inc has launched a new feeder fund, the Caravel Capital (Canada) Fund, which will be managed by Corton Capital Inc. The feeder fund is open to Canadians with a minimum of $1000, including RRSP, RESP, TFSA, and accredited Canadian investors.Â
Caravel, an event-driven market-neutral hedge fund based in Nassau, The Bahamas, engaged Corton Capital Inc as its investment fund manager, portfolio manager, and exempt market dealer in connection with the distribution of units.
Caravel Capital (Canada) Fund will provide investment managers, family offices, and High-net-worth-individuals (HNWIs) the ability to invest in the offshore market-neutral fund led by
Listed interest rate derivatives and commodities futures and options have been identified as the best performing asset classes for proprietary trading firms in the first half of 2022 as fears of a recession and soaring inflation caused volatility across global markets, according to the latest Acuiti Proprietary Trading Managers’ Insight Report.
iCapital, a global fintech platform driving access and efficiency in alternative investing for the asset and wealth management industries, has completed the acquisition of SIMON Markets. The transaction meaningfully broadens iCapital’s investment menu, technical capabilities, education offerings and support services for advisors and their clients.
Through this acquisition, iCapital will create a single source of alternative investment strategies from nearly 300 asset managers and product manufacturers, adding SIMON’s structured investments, annuities, digital assets and risk-managed products offerings to iCapital’s extensive menu of private offerings including equity, credit, real estate, infrastructure, direct deals, hedge funds, and other alternative strategies.
The combination
Steve Cohen, founder of hedge fund Point72 Asset Management has exited his investment in cryptocurrency trading startup Radkl, according to a report by Bloomberg.
The report cites a statement from a spokesperson for the company as confirming that the billionaire investor, who had made a personal investment in Radkl, is no longer backing the quantitative crypto trading firm, which was founded by New York Stock Exchange market maker GTS.
Radkl has already lost two managing directors this year, including Jim Greco and Beatrice O’Carroll and now lists only five employees on its website although that lists includes O’Carroll who has
OSTTRA’s portfolio reconciliation service, OSTTRA triResolve, is now actively reconciling data received from LCH SwapAgent, part of London Stock Exchange Group (LSEG).
Building on an existing relationship between OSTTRA and LCH SwapAgent, where trades legally confirmed on OSTTRA MarkitWire are registered into the LCH SwapAgent non-cleared service, this collaboration provides enhanced benefits to customers.
LCH SwapAgent is a service designed to standardise and simplify the valuation and settlement of non-cleared OTC derivatives and is now connected to OSTTRA triResolve to enable the reconciliation of member trade data.
Market participants can authorise SwapAgent to send their data directly to
Man Group has reported a drop in assets under management of 6% over the three months to the end of June, due to the impact of volatility in global financial markets.
Client assets dropped to $142.3 billion from $151.4 billion as of 31 March 2022, following losses of $4.6 billion from currency moves and another $4.6 billion from investments.
Despite the fall in AUM, higher net management fees and core performance fees helped drive core profit before tax to $395 million, an increase of 22% on the $323 million achieved in the six months ended 30 June 2021.
Chief executive
The trial of former Platinum Partners portfolio manager Daniel Small for fraud got underway in Brooklyn on Monday, with the jury hearing from the prosecution how the defendant was involved in a scam against one of the now defunct hedge fund’s portfolio companies, according to a report by Reuters.
United Fintech, a one-stop-shop for banks, hedge funds, and asset managers, is opening a developer hub in Madrid this week.
