Intelligence
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EVENTS
100 Women in Finance, the 20,000-member global industry association for hedge fund, alternatives and investment management professionals which aims to empower women within the global finance industry, has picked more than 300 female fund managers to participate in this year’s Global FundWomen Week, its annual flagship capital introduction event taking place from 20-24 September.
Launched in 2014, Global FundWomen Week – which takes place virtually for the second year, hosted on capital introduction technology platform iConnections – provides an opportunity for leading female fund managers to schedule one-on-one capital introduction meetings with institutional allocators.
More than 300 institutional allocators have
INVESTMENTS
Altana Wealth, the credit, currency and special situations-focused hedge fund led by former Trafalgar Asset Managers co-founder Lee Robinson, is circling the restructuring and consolidation opportunities arising from the rebound in demand for oil and gas post-Covid.
FUND LAUNCH
Currency-focused investment manager Millennium Global Investments has launched a new systematic long/short currency hedge fund strategy to tap into burgeoning demand for non-correlated returns in what it calls a “favourable” investment environment.
GUEST ARTICLE
By Juan Cruz (pictured), Founding Partner and CIO, Cygnus Asset Management – On the path towards a net zero emissions world, some sectors will multiply their activity (multiples), others will reduce it substantially (fractions), and others will disappear (zeros). How can hedge funds and other asset managers navigate the emerging investment opportunities?
FUND PERFORMANCE
With hedge funds’ year-to-date returns rebounding back into double-digit territory, new industry data published on Monday shows how emerging markets managers are helping to galvanise the industry and fuel recent gains.
FUND PERFORMANCE
CTAs and trend-following hedge fund strategies have experienced a sluggish start to September, having had a disappointing August in what Société Générale describes as a “challenging environment” for the sector.
DIGITAL ASSETS
London-based crypto hedge fund Nickel Digital Asset Management has seen its assets soar some 260 per cent this year, as its range of cryptocurrency-focused strategies have generated gains throughout the sector’s rollercoaster ride.
The surge, which has brought the firm’s total AUM to more than USD250 million, has been fuelled by consistent positive returns across its four fund strategies, along with prudent risk management and a high-quality institutional team and business setup, the firm said this week.
Nickel Digital’s original flagship strategy, the Digital Asset Arbitrage Fund, now accounts for roughly a third of firm-wide AUM, having gained 12.6 per
MANAGER INSIGHTS
Established in 1984, multi-strategy alternative investment manager and opportunistic credit investor Corbin Capital Partners today manages more than USD9 billion in assets across a broad range of commingled and bespoke portfolios.
Corbin invests across both corporate and structured credit, the latter spanning equity and mezzanine tranches of collateralised loan obligations, and residential and commercial mortgage-backed securities, among others.
“We partner and deploy capital in a lot of different ways – in CUSIP markets, both structured and corporate traded markets, including in RMBS, CMBS, in CLO equity and mezzanine,” Craig Bergstrom (pictured), Corbin’s chief investment officer, tells Hedgeweek.
About USD2.7 billion
SHORT-SELLING
Hedge funds betting against easyJet saw their short positions boosted on Thursday as the low-cost airline’s share price took a sharp nosedive after it rejected a takeover bid.
FUND PERFORMANCE
Hedge funds’ narrow rise during August has driven their year-to-date returns back into double-digit territory, as equity long/short, event driven, macro and relative value managers all scored gains in the face of the Afghanistan crisis, ongoing monetary policy uncertainty, and Covid’s continued impact on markets.
Hedge Fund Research’s main Fund Weighted Composite Index – a broad-based index tracking the monthly returns of some 1400 single manager hedge funds across all strategy types – rose 0.80 per cent last month.
August’s positive performance reversed July’s narrow 0.60 per cent loss, which had been the benchmark’s first down month since September 2020.
