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LoCorr Funds, a specialist in low-correlating alternative investments, has hit a major milestone in its 10-year history, having surpassed $3 billion in AUM, with assets growing about 50 per cent since the beginning of 2021.
LoCorr offers investment solutions designed for financial professionals and individual investors who are seeking to achieve better diversification and the potential for reduced risk within their portfolios.
Another significant event for the firm was its LoCorr Long/Short Commodities Strategy Fund (LCSAX, LCSCX, LCSIX) surpassing $1 billion in AUM. The Fund is a multi-manager commodities strategy with the flexibility to take both long and short positions
New research from quant technologies provider SigTech reveals there is a growing focus among fund managers on improving the quality of data, with some 77% of managers interviewed believing that to achieve above-average returns in the future, accessing high quality data and having the technological capabilities to process it efficiently is becoming increasingly important.
QPQ, a deep tech enterprise focused on realising the programmable economy, has unveiled a new network protocol with a suite of security, scalability and interoperability tools. When launched, it will provide a single means to access all major Distributed Ledger Technology (DLT) networks, services and trading venues.
insightsoftware, a global provider of reporting, analytics, and performance management solutions that drive greater financial intelligence, has expanded its Angles product line, with the launch of new solutions for no-code operational reporting for NetSuite and Deltek.
The original Angles product family, including Angles for SAP and Angles for Oracle, came to insightsoftware via its acquisition of Magnitude Software. Recognising a need for better operational analytics, insightsoftware leveraged award-winning technology from Logi Analytics to provide NetSuite, Deltek Vision, and Deltek Vantagepoint users the ability to customize, create, and share interactive dashboards and reports across all departments of a business.
Angles products
Former Brevan Howard trader, Giles Coppel, has been appointed by the hedge fund Cinctive Capital Management, according to a report from Reuters.
With global macro investments becoming more popular, Cinctive has hired Coppel to lead a new macro strategy team that will bet on interest rates and currencies.
After profiting from a recent rally in the value of Brazil’s real, hedge fund Legacy Capital is now betting on an uplift in the Mexican peso, according to a report by Bloomberg.
The report quotes a client note as revealing that the USD4.3 billion Sao Paulo-based manager has opened a long position on the peso versus the US dollar, while also shorting the benchmark S&P/BMV IPC stock index.
A similar combined position on the Brazilian real and stocks has already seen Legacy Capital rack up big gains this year with the firm’s flagship fund posting a record 5 per cent
A hedge fund run by billionaire macro trader Chris Rokos has bounced back from record losses last year, to point a 7 per cent gain in Q1 2022, according to a report by BNN Bloomberg.
Recent market volatility caused by geopolitical uncertainty and soaring inflation has created opportunities for macro hedge funds to make gains and Rokos’ fund is no exception having posted a 2.1 per cent advance last month alone.
The fund suffered record losses last year on the back of big swings in bond markets posting a 26 per cent decline.
Macro hedge funds surged to lead industry-wide gains in March, completing a record Q1 by again posting sharp returns as financial market volatility was exacerbated by skyrocketing inflation, rising interest rates and expectations for continued increases, and escalation of the Russian military conflict in Ukraine.
The investable HFRI 500 Macro Index surged +6.25 per cent in March, extending its Q1 2022 return to +10.0 per cent, with strong contributions from Commodity, Fundamental Discretionary, and Quantitative, trend-following strategies. The investable HFRI 500 Fund Weighted Composite Index advanced +2.4 per cent for the month, extending its Q122 return to +0.85 per cent,
BTIG has appointed Gil Tollinchi as a managing director in the firm’s Fixed Income Credit unit.
Tollinchi brings more than 20 years of experience to the firm. Most recently, he was a Financial Services Consultant and Investor. Previously, he was a Senior Portfolio Manager at Pretium Partners, and held senior positions within credit sales and loans at Nomura Securities and Golub Capital.
Prior to that, Tollinchi spent over ten years at Crescent Capital where he was the Head of Trading and Capital Markets.
Artisan Partners has launched the Artisan Global Unconstrained Fund effective 31 March, 2022, and the Artisan Emerging Markets Debt Opportunities Fund, effective 7 April, 2022.
The Funds are managed by the Artisan Partners EMsights Capital Group, led by Portfolio Manager Michael Cirami, CFA, Head of Global Trading Michael O’Brien, CFA, and Portfolio Manager Sarah Orvin, CFA, all of whom joined Artisan Partners in September 2021 to build the firm’s newest autonomous investment franchise. Cirami will serve as Lead Portfolio Manager and Orvin will serve as Portfolio Manager for both Funds.
The new funds offer broad exposure to the global and
