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Digital asset investment products saw outflows totalling USD142 million last week, the first outflow following a 17 week run of inflows, according to the latest CoinShares Digital Asset Fund Flows Weekly report.
The outflows represent only 0.23 per cent of total assets under management (AuM), and from an historical perspective are small relative to the outflows in early 2018 where weekly outflows represented up to 1.6 per cent of AuM.
Other altcoins softened the blow with polana, Polkadot and multi-asset investment products seeing inflows totalling USD6.7 million, USD2.5 million and USD1.5 million respectively.
Altana Wealth’s carbon futures-focused strategy, which trades opportunities stemming from rising carbon credit costs in the European Union, has scored a near-60 per cent return since launching earlier this year.
The Altana Carbon Futures Opportunity gained 49.80 per cent last month, an emphatic return which pushed its year-to-date return to 59.52 per cent since launching in July.
As part of the EU’s commitment to combat climate change, the European Commission aims to drive up the price of carbon credits in order to push behavioural change among participating member states and companies.
Altana Wealth, the multi-strategy hedge fund led by former
Redhedge Asset Management’s (Redhedge) Relative Value UCITS fund has surpassed EUR100 million in assets under management less than one year after its inception.
The UCITS fund has been launched to meet demand from institutional investors, such as pension funds and family offices, that cannot invest in non-UCITS products and are searching for a product that is decorrelated from major financial markets. The fund will be managed by Andrea Seminara, CIO and CEO, and Voon Kiat Lai, Senior Portfolio Manager.
The fund applies a hedged investment strategy in developed European investment-grade credit markets, which is actively managed by Redhedge’s team
Jane Street and Virtu Financial have committed to supporting the upcoming launch of global markets infrastructure and data solutions provider TP ICAP’s Digital Assets Spot Platform.
The Commodity Futures Trading Commission issued an order simultaneously filing and settling charges against JP Morgan Chase Bank, JP Morgan Securities , and JP Morgan Securities plc (collectively, JPMorgan), for failing to maintain, preserve, and produce records that were required to be kept under CFTC recordkeeping requirements, and failing to diligently supervise matters related to its businesses as CFTC registrants.
Bain Capital Credit has acquired Project Frontier, which involves the sale of 95 per cent of the Mezzanine and Junior notes from a securitisation backed by a cEUR6 billion gross book value portfolio of non-performing exposures from National Bank of Greece.
Bain Capital Credit, Fortress Investment Group (Fortress) and doValue (doValue) have formed a consortium whereby funds and accounts managed by Bain Capital Credit and Fortress respectively acquired the Notes and doValue was appointed as the servicer of the securitisation.
Project Frontier is a landmark transaction, being the first large scale securitisation on a servicer-release basis, utilising the Hellenic
The Alternative Investment Management Association (AIMA) has a created a new Global Investor Board (GIB) as it looks to strengthen engagement with the investor community and its growing allocator membership.
The board, which comprises of senior leaders at global institutional investors (representing interests in public and private markets), will provide oversight to AIMA’s investor outreach, advancing industry sound practices and education for the alternative investment industry.
Founding members of the board are:
Eduard van Gelderen, CIO, PSP Investments (GIB Chair)
Henry Chau, Head of Investments, The Hong Kong Jockey Club
Anne-Marie Fink, CIO, Private Market Funds & Alpha, State of
The gross return of the SS&C GlobeOp Hedge Fund Performance Index for November 2021 measured -1.71 per cent.
Hedge fund flows as measured by the SS&C GlobeOp Capital Movement Index meanwhile, advanced 0.36 per cent in December.
“SS&C GlobeOp’s Capital Movement Index finished a very favorable 2021 with net inflows for December of 0.36 per cent, up from -0.04 per cent for the same period a year ago,” says Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies. “Full-year 2021 showed the strongest net capital flows since 2013. Investors are showing increased confidence in hedge strategies during a period of
An increasing emphasis on gaining alpha from hedge funds is expected to boost the demand for alternative data, according to a new ReaesrchAndMarkets report.
The global alternative data market is expected to reach USD69.36 billion by 2028 and expand at a CAGR of 58.5 per cent from 2021 to 2028, as asset managers at hedge funds, mutual funds, private equity funds, pension funds, unit trusts, life insurance companies, and other BFSI entities, increasingly use alternative data to derive predictive insights. In addition, the use of alternative data for risk management processes is also expected to drive the market.
North America
Hedge fund Anchorage Capital, a major player in distressed debt investing, is closing its USD7.4 billion flagship fund, according to a report in the Wall Street Journal.
Anchorage, which has around USD30 billion in assets, hasn’t specified a date for the return of investor cash. The firm will now focus on its structured credit and private equity-style funds.
