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FUND LAUNCH
Quantitative hedge fund and CTA pioneer Aspect Capital has unveiled a new systematic momentum-based investment strategy focused on Chinese financial and commodities futures, tapping into the expanding global institutional investor appetite for opportunities there.
The Aspect China Diversified Fund – which launches with more than USD100 million in external capital – uses the London-based firm’s systematic medium-term trend-following models to trade more than 40 onshore Chinese futures markets spanning six asset classes: agriculturals, bonds, energies, industrials, metals and stock indices.
The strategy brings the firm’s expertise in systematic investment to global investors who are keen to tap into the opportunities
INVESTMENTS
Hedge funds’ overall momentum in 2021 has been halted, with managers across a range of strategy classes left counting the cost of September’s bumpy equity and credit market reversal, new industry data published this week shows.
FUNDS
Man Group’s funds under management reached a new high of USD139.5 billion during the third quarter, fueled by positive inflows and strong investment performance, with its hedge fund and alternative strategies driving growth.
MANAGER INSIGHTS
Co-founded by former Lynx Asset Management portfolio manager Martin Sandquist, Stockholm-based investment management firm Antiloop brings together discretionary and quantitative trading in a multi-strategy fund that spans commodities, equities, global macro and emerging markets.
INVESTMENTS
The development of molnupiravir, a “potent” oral anti-viral Covid-19 treatment, could help boost flagging consumer stocks reliant on the global economic reopening, as healthcare-focused hedge funds look to rebound following recent losses.
FUND PERFORMANCE
French systematic long/short equity hedge fund Quantology Capital Management’s flagship fund ended last month in positive territory, with the market neutral strategy withstanding the sharp stock market reversal during September.
LONG-SHORT INVESTING
Alternative credit-focused firm Selwood Asset Management has hired former Verrazzano Capital manager Karim Moussalem to launch a new equity long/short strategy.
SUMMIT
With traditional equity and credit returns set for a squeeze, and ESG, Covid-19 and remote working upending the hedge fund industry from both an investment and operations perspective, managers face both considerable challenges and sizable opportunities up ahead, speakers at EisnerAmper’s 6th annual Alternative Investment Summit said this week.
HEDGE FUNDS
Hedge funds’ performances remained in marginally positive territory throughout September, with year-to-date industry returns staying above 10 per cent heading into the final quarter of 2021, as managers grappled with sharp reversals in equities and fixed income amid heightened inflationary pressures.
FUND PERFORMANCE
Swedish asset manager Brummer & Partners’ flagship multi-strategy hedge fund vehicle edged into positive territory in September, as stock market highs earlier in the month rapidly reversed amid renewed volatility, and commodity prices surged higher.
The Brummer Multi-Strategy (BMS) vehicle – which comprises nine hedge fund strategies spanning equity, macro, trend-following and more – saw its SEK-denominated share class rise 0.5 per cent last month, and 0.4 per cent in its USD class. However, on a year-to-date basis the fund is still down 0.4 per cent following losses earlier in the year.
Meanwhile, the BMS 2xL twice-levered version was up
