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The gross return of the SS&C Technologies’ SS&C GlobeOp Hedge Fund Performance Index for June 2022 measured 0.00%.
Hedge fund flows as measured by the SS&C GlobeOp Capital Movement Index declined -0.12% in July.
“SS&C GlobeOp’s Capital Movement Index for July 2022 of -0.12% should be viewed as a strong result in light of the seasonality of capital flows, which tend to run negative during the month. On a comparative basis, the -0.12% reflects decreased net outflows versus the -0.39% reported a year ago and is also the lowest level of July net outflows since 2011,” said Bill Stone, Chairman
Growing fears of a global economic downturn have prompted some of Brazil’s largest hedge-fund managers to cut their commodities bets, according to a report by Bloomberg.
The report says that both Legacy Capital and Ibiuna Investimentos are among the funds involved with the former having trimmed the net exposure of its flagship hedge fund in the past month, and the latter unwinding a bullish position in oil prices.
The impact of higher interest rates on growth forecasts, rather than inflation, is an increasing concern for investors, and “points to a hostile environment for risk assets in the third quarter,”
Brilliance Asset Management’s flagship fund Brilliance Partners Funds returned 17% in June on the back of a rebound in Chinese stocks, reducing H1 losses to 14% in the process, according to a report by Bloomberg.
Smaller stablemate, the Brilliance China Core Long Short Fund, meanwhile, was up 21% during the month, paring back first half losses to 16%. Both funds outperformed the benchmark China stock index over the the month. The MSCI China Index is still down 46% from a February 2021 high.
Hong Kong-based Brilliance was among a group off hedge funds hit hard by sell-off in Chinese stocks
A former Goldman Sachs hedge fund specialist has joined UBS Global Wealth Management, according to a report by finews.asia.
Theresa Wong, who was formerly a hedge fund specialist for Greater China coverage at Goldman Sachs, will report to UBS Wealth Management’s head of hedge funds and investment specialists Gunther Jost.
Wong pent nine years at Goldman Sachs in various hedge fund related roles, the most recent of which was in the alternative investments and manager selection group (AIMS) providing advisory services for private wealth, institutional and third-party distribution clients in Asia Pacific.
Bhatt Innovation Capital LLC, a San Francisco Bay Area-based registered investment advisor, has launched three additional investment strategies for Pathfinder SMA, an asset management platform offering features normally available only to institutional and ultra high net worth investors.
These strategies are: PATHFINDER StatArb, a atatistical Aarbitrage or pairs trading strategy; PATHFINDER Value, which employs a “quantamental” approach to invest in those companies that are trading below their intrinsic values; and PATHFINDER Rotation, which employs a proprietary algorithm-based tactical approach to rotate funds into the best performing sectors, industry groups and style factors.
Last April, Pathfinder launched its first strategy, Advance
OSTTRA, a global post-trade solutions company, has launched a paper digitisation solution that enables market participants to reduce the amount of time it takes to process paper confirmations for complex over-the-counter (OTC) derivative transactions from hours to minutes.
The new solution is a significant enhancement to the existing paper trade workflows for Investment Managers on OSTTRA Trade Manager, automating trade review and matching processes to achieve faster confirmations. With tens of thousands of OTC trades still captured on long form paper, reviewing trade details, terms and conditions is an arduous task for all firms, resulting in significant operational cost and
US car service and tyre centre operator Monro Inc has been asked by hedge fund Ides Capital to pressure its controlling shareholder to drop a veto to a sale of the company, according to a report by Reuters.
Hedge fund performance declined month-on-month in June, with multi-strategy leading losses with a return of -2.8%, according to the latest monthly Hedge Fund Report from the Citco group of companies.
Hedge funds administered by Citco companies saw net redemptions in June as investors withdrew funds from all AUA buckets and most strategy types.
June trade volumes were the highest on record for Citco, up 9.8% month-on-month, and 2.2% higher than the previous peak in March of this year.
Twitter shares have been given a boost following news that hedge fund Hindenburg Research has taken a stake in the firm on the basis that it sees a “strong case” against Elon Musk for moving to back out of his $44 billion buyout bid, according to AFP.
Derivatives clearing banks’ post-trade systems performed significantly better during the volatility of Q1 2022 when compared to their performance during the initial outbreak of the Covid-19 pandemic, despite being tested with higher volumes, a study by Acuiti has found.
The findings of the study are published in the most recent edition of the Clearing Management Insight Report, a quarterly survey of senior sell-side executives from across the global clearing industry. This quarter’s report was produced in partnership with SmartStream, a specialist in financial transaction management solutions space that offers solutions that enable firms to improve operational control, reduce costs, build
