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MANAGER INSIGHTS
As the ongoing digital assets boom continues to throw up myriad investment opportunities for asset managers and investors alike, London-based Nickel Digital Asset Management aims to bridge the gap between traditional finance and the cryptocurrency market, offering a diverse range of investment strategies across the hedge fund, multi-strategy and long-only spectrum.
SHORT-SELLING
Hedge funds betting against Sainsbury’s have taken a dent after the UK supermarket giant’s share price rose this week on the back of strong Q1 sales numbers, prompting the FTSE 100-listed firm to revise its profit outlook upwards.
A number of well-known hedge funds – including BlackRock, Marshall Wace and Citadel – have built negative wagers against Sainsbury’s lately, while the likes of Pelham Capital and Third Point continue to hold longer-standing bearish bets, according to regulatory disclosures made to the FCA.
The UK’s second biggest supermarket chain – which is one of the ‘Big Four’ grocers alongside Tesco, Asda,
NEWS
Digital assets hedge fund BKCoin Capital has named Mark Treinkman as head of quantitative trading.
Treinkman was most recently at Pattern Capital Management, where he had been a software developer, portfolio manager, quantitative trader, and financial advisor focusing on small businesses, high net-worth individuals and independent RIAs.
He began his career in equities at Madison Proprietary Trading Group, before joining Chimera Securities as an equity trader, where he later shifted focus to quantitative approaches to trading capital markets.
New York-based BKCoin Capital, which manages around USD50 million, was co-founded in 2018 by ex-commodities and equities manager Carlos Betancourt and Kevin
NEWS
Global alternative investment management firm Capstone Investment Advisors (Capstone) has appointed Tom Leake to lead its Solutions Platform.
FUND PERFORMANCE
Stockholm-based Brummer & Partners’ flagship multi-strategy hedge fund vehicle is flat for the first half of the year, after June brought trend reversals in currencies, bonds and gold, and sharp rotations across equities, leading to losses in several of its underlying funds.
APPOINTMENTS
Global multi-asset manager Fulcrum Asset Management has appointed head of equities Fawaz Chaudhry and lead portfolio manager Stephen Crewe as partners at the firm.
QUANT FUNDS
Long-running systematic macro hedge fund IPM says the Covid-19 pandemic “aggravated” an already challenging situation for the firm, leading to its decision to shut down the business.
RETURNS
Quantumrock, the German volatility-focused quantitative hedge fund manager, has seen returns soar in the first half of the year, with its flagship fund generating more than 36 per cent in the first half of 2020 following an eye-catching June gain of almost 10 per cent.
The Munich-based firm’s Volatility Special Opportunities Program (VSOP), which uses an equity futures-and-treasuries model built around AI trading throughout the market cycle, advanced 9.87 per cent last month, to bring its year-to-date showing to 36.16 per cent.
The strategy trades a balanced portfolio consisting of S&P 500 futures and treasuries with a duration risk of
FUND LAUNCHES
Quantology Capital Management, a Paris-based systematic long/short equity-focused hedge fund firm, has launched a new strategy, Quantology US Equity.
The new fund aims to outperform the Nasdaq 100 Index, described by Quantology as “the best performer and the hardest index to outperform over the last 10 years.”
The launch comes as the firm’s Quantology Absolute Return strategy ended the first half of 2021 in negative territory, down just over 1 per cent having lost 0.5 per cent in June.
In a strategy update, Quantology said its flagship systematic long/short US-focused market neutral equity hedge fund, which trades Nasdaq and NYSE-listed
FUND LAUNCHES
Credere Capital, a convertible arbitrage-focused hedge fund led by well-known industry veteran Oliver Dobbs (pictured), is launching a higher-volatility, higher-return version of its Trium Credere strategy later this year to tap into growing investor demand for such strategies.
