Two Sigma Ramps Up China Hedge Fund Push After 22% Return (Bloomberg)
Two Sigma Investments is stepping up its bid to tap the wealth of Chinese investors by asking them for a fresh round of cash for its outperforming fund and expanding local headcount. The US quant giant’s China private fund business — the local equivalent of a hedge fund — is seeking to raise about 1.2 billion yuan ($180 million) for its managed futures product, adding to about 3.8 billion yuan in assets the firm has amassed since early 2020, according to people with knowledge of the matter.
Martin Gilbert’s AssetCo Strikes Deal for SVM to Build Edinburgh Hub (Financial News)
AssetCo, the deals company set up by fund management veteran Martin Gilbert, has snapped up Edinburgh-headquartered SVM Asset Management to help build a hub in the Scottish city. SVM, which oversees £586m and manages a suite of five open-ended funds together with an investment trust, was set up in 1990 by Colin McLean and Margaret Lawson. The duo, alongside a family trust, are significant majority owners of the business.
New Hedge Fund Managers Tackle Capital Inflow Trends (AlternativesWatch.com)
As the equity markets take a turn for the worse, it may just be a good time to be a hedge fund manager, or at the very least to be launching a new investment strategy. According to Robert Mirsky, partner-in-charge of the London office and head of Eisner Amper’s Asset Management Group, hedge fund launches picked up in the second half of 2021. And after a minor lull in the early part of 2022, he suspects the third quarter will be a busy one for his team and for new hedge fund launches.
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Future Fund in Management Shake-Up as CIO Departs (AFR.com)
The Future Fund has been forced into a management reshuffle after the sudden resignation of chief investment officer Sue Brake on Tuesday, but chief executive Raphael Arndt says the restructure will ensure the fund can manage the $200 billion portfolio through a period of inflation-induced market disruption. Ms Brake’s resignation for family reasons has led to the appointment of three deputy CIOs reporting to Dr Arndt, who will take on the acting CIO role until a replacement is found.
Light Street, Maverick Extend Losses (Institutional Investor)
The Tiger-related funds are among the latest to find themselves well below their high-water marks. This year’s tech-led bear market continues to rock the hedge fund world, especially the Tiger crowd – several of which also lost large sums last year. Many of these firms are down more than 50 percent from their high-water marks, which means they’ll need to post better than 100 percent gains…
