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Mala Gaonkar, a former managing director at Lone Pine Capital has recruited staff from rivals Third Point and Maverick Capital for her forthcoming hedge fund launch, according to a report by Bloomberg.
Hashdex, a global crypto-focused asset manager, has hired Benjamin Ittah as European senior sales and distribution manager.
In this newly created role, Ittah will be responsible for Hashdex’ sales development in Europe, focusing on both growing the firm’s expanding client base and overseeing the distribution of the firm’s investment products, such as the recently launched Hashdex Nasdaq Crypto Index Europe exchange trade product (SIX: HASH SW). He will report to Laurent Kssis, Managing Director and Head of Europe at Hashdex.
Prior to joining Hashdex, Ittah led the development of Tabula Investment Management’s presence across France, Benelux and Geneva.
Around 30% of emerging hedge fund firms plan to outsource more of their functions, almost double that of the industry average (17%), Hedgeweek research shows, as new managers embrace the opportunity to spend more time on alpha generation.
SureFire Capital, a Canadian multi-strategy hedge fund manager, returned 22.1% in April, with preliminary figures also indicating a 10%-plus uplift in May, according to a report by AlternativesWatch.
SureFire Multi-Strat LP, the Montrreal-based firm’s quantitative stray, focuses on the Nasdaq-100 Index and incorporates trend, momentum and volatility factors.
Family office Surefire, which was founded in 2013, allocates to underlying managers via a separately managed account (SMA) structure.
The European Power Spot market, operated by EPEX SPOT, recorded a trading volume of 49.7 TWh in May. The Intraday Markets increased by 2%, totaling to 10.9 TWh.
The European Power Derivatives Market reached 268.1 TWh during the last month with increases in the Belgian Power Futures (+101%), the Austrian Power Futures (+69%), the Dutch Power Futures (+18%) and the Swiss Power Futures (+7%).
Trading volumes in Japanese Power Futures increased by 4% to 404.4 GWh, with EEX celebrating two successful years since launch in May 2020.
In the US Power market, Nodal Exchange set a new monthly record, up
The tech stock rout continues to hit hedge funds hard with Maverick and Lone Pine both seeing falls of around 30% so far this year, according to a report by Bloomberg.
The funds, run by Lee Ainslie and Steve Mandel, respectively have joined several other Tiger Cubs on the list of tech stock losers.
Maverick Capital main hedge fund saw a loss of 32.5% up to the end of May, according to people familiar with the results on the back of bets on South Korean e-commerce giant Coupang Inc and Amazon.com Inc
Mandel’s Lone Pine, meanwhile slid about 30% in
Alternative credit specialist CIFC Asset Management (CIFC) has appointed Conor Daly, former managing director, head of European credit at Onex credit, as head of European credit.
Hedge fund equity ownership – measured as an aggregate of 13F filings – decreased dramatically from December 2021 to May 2022 from $4.225 trillion to $3.434 trillion – a drop of 18.72%, according to data release by SEI Novus.
Th aggregated 13f filings from long-short equity managers also show that from December 2021 to May 2022, exposure across most sectors remained steady apart from energy which jumped by 80% from 3.6% to 6.5%.
From Q2 2021 to Q2 2022, large cap ownership decreased from 29.64% to 27.66% and mega cap ownership declined from 44.17% to 43.47%, while small cap ownership
Coinciding with the company’s 10-year anniversary of factor investing in credits, Robeco has launched RobecoSAM QI Global SDG & Climate Multi-Factor Credits, its first SDG and climate-focused quant fixed income strategy, classified as Article 9 under the SFDR.
While the strategy’s performance is driven by Robeco’s multi-factor credit selection model, which has been applied to client portfolios since 2012, it has sustainability as its primary objective. Committing to carbon footprint reduction, the strategy is measured against the Solactive Paris-Aligned Global Corporate Index, with the portfolio’s average carbon emissions kept below the Paris-aligned credit benchmark. This has 50% lower carbon emissions
Jensen Investment Management, a 100% employee-owned high-conviction equity investment management firm, has appointed Shannon Contreras to Jensen Investment Management’s Board of Directors.
Contreras joined Jensen in 2014 and has been the firm’s director of finance and senior compliance officer. She also serves as treasurer of the Jensen Quality Growth Fund.
Contreras holds a BS in business from University of California, Riverside, and a post-baccalaureate certificate in accounting from Portland State University.
