Analysis

Hadron grows event-driven range with less-liquid fund

The less liquid Hadron Fund Series II is designed to enable founder Marco D’Attanasio and his team to cover a broader range of investment opportunities and target a higher risk/reward profile


Entrepreneurial spirit drives momentum at KeyQuant

Since inception in 2009, founders Raphaël Gelrubin and Robert Baguenault de Viéville have built an innovative and growing operation during a turbulent time for many systematic trading firms

Tolomeo gains traction in systematic short-term equity

Since launching in 2011 as a spin-out from the quant and risk management unit of a large Swiss family office, Tolomeo Capital is raising its profile and attracting new clients



Triton Value thrives on ‘collaborative activism’ strategy

Former Cevian Capital and SEB European equities portfolio manager Roger Hagborg has generated striking numbers with the mid-cap value-focused strategy


European administrator survey 2016

Traditional market leader Citco has retained its long-standing position as the top administrator for European hedge funds


Market shares by mandates and by assets for the top PBs in 2016

Morgan Stanley continues to lead in terms of total European hedge fund mandates


High-conviction global equity approach pays for Altavista

High-conviction and long-term, alpha-focused investing approach has delivered good gains for the fund’s often contrarian global equity strategy – especially in bad and volatile stockmarket periods


Activist-led CIAM follows UK expansion with 13% Q1 gain

The Paris-based event-driven firm is in growth mode, with a new office in London and recent hires including an experienced equity partner and a new head of sales development – while its fund is making hay, thanks to a long-running activist play on Euro Disney


CTA Mount Lucas targets Europe with MLM Index UCITS

Long-established US-headquartered manager rolls out UCITS version of its 25-year-old MLM Index investment strategy at a time of rising global investor demand for exposure to beta, liquid alternatives and alternative risk premia


Carter’s SW Mitchell small-cap equities strategy on a roll

Jamie Carter is seeing the start of a recovery in the European equity markets at long last, and is making strong alpha-driven returns from active stock-picking in the small-cap space as he consolidates his offshore and UCITS vehicles into a single regulated fund structure


2016 assets and new funds surveys show industry challenges in Europe

The European hedge fund industry continued to contract in the second half of 2016


Polish hedge fund pioneer Macromoney builds momentum

Believed to be the only true hedge fund boutique operating from Poland, Macromoney has made annualised returns north of 22% since launching its equity-biased macro strategy in 2013. Now the firm is targeting a wider audience with a London presence


WHARD Stewart targets diverging global monetary policies

Five years on from its launch by a team of former JP Morgan prop traders, the emerging markets-focused macro manager is building momentum both in terms of performance and also in assets under management



Investors remain optimistic on hedge funds despite outflows and performance pressure

A series of recent hedge fund investor surveys by major banks shows that allocators remain committed to investing in hedge funds despite the industry’s recent lacklustre performance – but that investors are increasingly taking new approaches to their hedge fund allocation strategies, and also demanding terms and structures that better align their long-term interests and objectives with those of their managers


New beginning for Usai’s Pelagus under Mavors banner

Under the new banner of Mavors Investment Managers (MIM), Bruno Usai has separated from The Mako Group and taken his 10-year-old fixed-income relative value fund fully independent. He has also launched a second, UCITS-compliant version of the strategy, and is looking to rebuild assets under management in what promise to be more volatile times this year


Moore veteran de Langlade on a roll with EDL in macro

Veteran Moore macro manager Edouard de Langlade is on a roll with his EDL Capital operation, returning over 18% in 2016’s volatile environment and already growing assets under management to almost $500m


What does it take to make a hedge fund successful?

A joint AIMA and EY study asks managers what it takes to succeed in today’s tough market


M&G macro/multi-asset arm adds lower-risk ‘Episode-lite’

The well-established macro and multi-asset team at M&G Investments, which applies behavioural finance techniques to global macro investing, has brought onboard another experienced manager in Tristan Hanson and has rolled out a more conservative approach to its core Episode strategy so as to target the more retail end of the hedge fund investor base