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FUND PERFORMANCE
CTAs and trend-following hedge funds have begun May positively. Société Générale’s main broad-based CTA Index has advanced 1.37 per cent so far this month, which has brought its year-to-date return to more than 7 per cent.
FUND FLOWS
Hedge funds have recorded their strongest two-month run of investor inflows since 2014, with multi-strategy managers attracting the strongest interest so far this year, according to new research by eVestment.
Allocators poured some USD16.44 billion into hedge fund strategies throughout February, which helped push total net inflows so far this year to USD23.74 billion. At the same time, strong positive performance for managers since the start of this year has brought hedge fund industry’s overall AUM to USD3.407 trillion.
Multi-strategy hedge funds have been the biggest draw for investors, attracting USD8.98 billion in the first two months of 2021, which
FUND PERFORMANCE
Hedge funds are on a roll this year, with the industry recording its best January-to-April performance in more than 20 years, as managers profited from tech gains, commodities moves, strong earnings, and renewed optimism over the reopening US economy.
MANAGER INSIGHTS
Profound shifts in board governance, demographics and technology are transforming the way Japanese companies do business, and Singapore-based fund manager Four Seasons Asia Investment is capitalising on this theme with its change-based investment approach which seeks out catalysts in neglected stocks across small-to-mid-cap equities.
Established in 2006, Four Seasons Asia Investment runs both long/short and long-only equity funds, trading less-crowded Japanese stocks in range of industries and sectors using elements taken from fundamental, event driven, special situations and catalyst investing. Both strategies look to generate call option-type payoffs while curbing downside risk and avoiding correlation with its peers and broader
FUND PERFORMANCE
Aslan House Capital, a London-based event driven equity and credit-focused hedge fund, has grown its assets under management to USD190 million following a strategic investment from asset management seeder Investcorp-Tages.
The firm, which invests across a range of hard event-driven equity and credit catalyst situations predominantly in Europe, has also broadened its investor base with additional commitments from several global institutions.
Launched in November 2019 by Luke Lynch, former deputy chief investment officer and managing partner at Oceanwood Capital, Aslan House’s strategy aims to generate alpha using a differentiated, uncorrelated and scalable investment approach.
Specifically, the fund trades three strategies
OUTLOOK
Convertible bonds and certain cyclical credits in developed markets offer positive opportunities while broader credit markets face a squeeze from rising inflation, negative yields and increased government intervention, according to Alberto Gallo, head of global credit strategies at Algebris Investments.
PODCAST
In this latest podcast, we discuss how social media platforms are influencing asset managers, and how they themselves are them to improve client engagement and build brand awareness. The opportunities are huge… but so are the risks to getting it wrong.
CRYPTOCURRENCY
Argentium Digital Asset Management, a London-based cryptocurrency hedge fund founded by ex-JP Morgan and Credit Suisse manager Paul Frost-Smith, has unveiled a new Cayman-based fund which will formally launch next month.
GUEST ARTICLE
By Gian Kull (pictured), head of special situations and uncorrelated strategies at Syz Capital – Litigation is a costly procedure. Available resources can have a substantial impact on outcomes, and smaller players are often disadvantaged against large corporations. However, the growth in litigation finance is helping to balance the scales.
HOT OFF THE PRESS
Planning for the unexpected
HOT OFF THE PRESS
Planning for the unexpected