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NEWS
London-based crypto hedge fund Argentium Digital Asset Management has named Jerome Dupuy as its new chief investment officer.
Dupuy, an industry veteran with more than 30 years’ expertise, specialising in relative value trading, was already a senior adviser at Argentium with a focus on volatility.
He began his career at Société Générale before moving to JPMorgan to run equity derivatives for the Asia-Pacific region. He then joined Lehman Brothers, running volatility trading across Asia Pacific for the firm in Tokyo. Later, he developed the global relative value business at BIP in Paris, an in-house hedge fund later taken over
FUND PERFORMANCE
ThirdYear Capital’s ART Global Macro Fund, a macro hedge fund strategy which fuses quantitative and fundamental investing, has doubled its assets less than a year after launching, with the firm looking to capitalise on prevailing high valuations and interest rate and inflation risks.
The absolute return macro fund, which was launched by ThirdYear alongside distribution partner Agathon Capital in August 2020, has seen assets rise to EUR47 million (USD56.2 million) within its first 10 months.
The strategy uses short-term economic forecasts to identify historical cause-and-effect chains in real time, and anticipate their impact on financial markets.
Specifically, it trades a range of liquid and exchange-traded
FUND PERFORMANCE
Global hedge fund industry assets swelled to a new record high of USD3.8 trillion in the first three months of 2021, as managers recorded their strongest quarter since 2000 and investors duly poured more capital into a broad selection of strategy types, with the biggest hedge funds still taking the largest slice of client money.
FUND PERFORMANCE
Hedge funds are on track to comfortably outperform their 2020 showing this year, with strong strategy returns and continued capital inflows boosting industry coffers to almost USD3.6 trillion in the run-up to 2021’s midway point.
NEWS
Brummer & Partners, the long-running Swedish multi-strategy hedge fund firm, is withdrawing its investment in Observatory, one of the underlying funds in the flagship Brummer Multi-Strategy (BMS) vehicle.
BMS has allocated capital to Observatory – a trading-oriented long/short corporate credit-focused hedge fund – since January 2010. Brummer’s decision to redeem its entire investment comes despite Observatory, which launched in June 2004, currently hovering around an all-time high.
Commenting on the move, BMS portfolio manager Mikael Spångberg indicated that the strategy’s future-risk adjusted returns will likely fall short going forward. bservatory’s return since launch is 299 per cent, with an average
SURVEY
Hedge funds have emerged as the top pick among asset allocators heading into the second half of 2020, outflanking other products such as private equity and real estate as investors’ asset-class-of-choice, according to new data from Credit Suisse, which showed hedge funds have met or exceeded the expectations of some two-thirds of investors so far in 2020.
The bank’s 2020 Mid-Year Hedge Fund Investor Survey – titled ‘Navigating Unchartered Waters’ – probed evolving allocator appetite, surveying some 160 institutional investors during May and June, collectively representing around USD450 billion in hedge fund investments globally.
The wide-ranging study quizzed a broad
INTERVIEW
Jack Inglis, the CEO of the Alternative Investment Management Association, discusses hedge funds’ response to the assortment of operational obstacles arising from the coronavirus-imposed lockdown, how virtual conferencing has reshaped manager-investor relationships, and what the future holds for the industry’s traditional Mayfair nerve-centre following months of remote working.
SPECIAL REPORT
Waystone: Best Offshore Regulatory & Compliance Firm and Best UCITS Platform – The DMS Group and MontLake, now jointly known as Waystone, are delighted to have been recognised with European Hedgeweek awards with DMS announced as the winner of the Best Regulatory & Compliance Firm category and MontLake taking the Best UCITS Platform award.
“2020 proved to be a pivotal year for the MontLake UCITS Platform,” commented Richard Day (pictured), Global Head of Product at Waystone, “the strength of the platform infrastructure, our focus on investor servicing and a high touch operating model assisted managers and investors with navigating through an incredibly
NEWS
A number of hedge fund short-sellers look set to gain from troubled shopping centre operator Intu Properties’ fall from grace, with shares in the London-based real estate investment trust sliding again on Friday (26 June) following news that the debt-laden firm has entered administration.
COMMENT
Paulson joins the ‘going private’ trend as hedge fund industry’s changing of the guard accelerates
COMMENT
Paulson joins the ‘going private’ trend as hedge fund industry’s changing of the guard accelerates