Haitong vets launch China equity-focused fund

Founding PMs at YT Capital ran Haitong International's proprietary investments in equities...

Renaissance Investor Exodus Nears $15 Billion Despite 2021 Gains

Many hedge fund managers would celebrate if they posted a 20% annual return, as Renaissance Technologies’ biggest fund did last year, beating industry benchmarks. Yet its customers keep heading for the exits.

Redemptions from the firm -- one of the world’s biggest, oldest and most sophisticated hedge fund operators -- have swelled to about $14.6 billion across its three public funds over the past 14 months, according to investor documents seen by Bloomberg...

Hintze’s Hedge Fund Broadens ESG Push With Plan for Green CLO

Michael Hintze’s hedge fund is mulling a green collateralized loan obligation in Europe as it expands its slate of socially responsible investments.

In a letter to investors seen by Bloomberg, Hintze said CQS is investigating a European CLO aligned with environmental, social and governance criteria. About 60% of CQS’s $21.6 billion of assets under management are already so-called Article 8 mandates, which promote ESG investments, the letter said...

Short seller Spruce Point targets moderator for controversial Facebook content

Hedge fund Spruce Point Capital said it has bet against the shares of a company Facebook uses to screen controversial message chats, claiming the firm has a pattern of painting an overly rosy picture of its business.

TaskUs is one of more than 10 outside moderators that Facebook currently contracts to determine, based on Facebook’s rules, whether to remove objectionable content from its site...

Texas Employees allocates $261 million to 8 alts strategies

Texas Employees Retirement System, Austin, committed or invested a total of $261 million with eight alternative investment strategies in November and December, a transaction report from the $35.5 billion pension fund showed.

The largest aggregate commitment was $140 million to three infrastructure funds from the retirement system's $1.6 billion infrastructure portfolio; $100 million to ISQ Growth Markets Infrastructure Fund, managed by existing manager I Squared Capital, while two infrastructure co-investments, CO20211214 and CO20211210, each were awarded $20 million commitments...

Commodities Hedge Funds Post Strong Gains for Second Year

Commodities hedge funds have posted strong returns for a second consecutive year in 2021 as the energy transition created trading opportunities from crude oil to base metals.

The Bridge Alternatives Commodity Hedge Fund Index, which tracks some of the largest commodities-focused funds including Andurand Capital Management and CoreCommodity Management LLC, reported “positive double-digit performance” for 2020 and 2021, the firm said in a Wednesday statement.

Hedge Fund Fees in Crosshairs as Gensler Lays Out SEC’s 2022 Agenda

Gary Gensler is putting hedge funds and private equity firms on notice that the fees they charge clients are going to draw more scrutiny from Wall Street’s main regulator in 2022.

The U.S. Securities and Exchange Commission will look at what fund managers charge as part of a broader effort to boost efficiency, competition and transparency in markets, Gensler said Wednesday. The comments follow similar remarks the SEC chief made last year when he took aim at hedge fund fees, including the long-standing 2-and-20 model for charging clients...