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...Multi-managers, which include giants Izzy Englander’s Millennium and Ken Griffin’s Citadel as well as Eisler, employ teams of professionals trading a wide variety of strategies, diversifying the fund against...
...The US alternative asset manager has told investors it will wind down the Blackstone Diversified Multi-Strategy fund by the end of the year, the group told the Financial Times....
...The firm, one of the world’s most prominent multi-manager hedge funds, has 5,500 employees globally and more than 300 investment teams trading a range of different strategies within strict risk limits....
...Mainstream asset manager Newton Investment Management is pitching investors a multi-manager hedge fund with teams trading equities, currencies, commodities, bonds and quant strategies....
...It offers funds of funds that give institutional investors access to private debt, infrastructure and private equity strategies....
...In a complaint filed in federal court in Manhattan on Friday, Jane Street alleged that Douglas Schadewald and Daniel Spottiswood, two former employees who defected to the multi-manager firm earlier this...
...The multimanagerverse FT Alphaville has already written extensively about the growth of multi-strategy/multi-manager hedge funds, their increasingly large market footprint, the rise of copycat strategies...
...These firms pursue expensive models that can rely on hundreds of portfolio managers trading a variety of strategies across markets, and so charge higher overall fees than the average hedge fund....
...Raffaele Savi, Robert Fisher and Anna Hawley are the portfolio managers of the global high income equity strategy, while the US-focused vehicle is managed by Savi, Fisher and Travis Cooke....
...Further reading:— Across the multimanagerverse (FTAV)— Multi-strategy hedge funds are the new, superior fund-of-funds (FTAV)...
...But then if you turn it back in on itself, it sits under the multi-manager fund strategy....
...BlackRock is seeking to push further into higher-margin alternatives strategies....
...Generations of market participants learnt to sell their winners and buy the underperformers, said one manager whose hedge fund is now in urgent search of a new strategy....
...For wealthy investors, despite the receding threat of inflation, there is still a need to diversify, stresses John Roe, head of multi-asset funds at Legal & General Investment Management....
...with in-kind transactions and efficient rebalancing, modifying the fund’s investment strategy, and liquidating the fund,” the filing reads....
...Meanwhile, Canadian alternatives giant Brookfield Corporation last year closed its multi-strategy hedge fund Brookfield Hedge Solutions Advisors after four years, reflecting challenges scaling the $1.3bn...
...“We wanted to make sure this was constructed in a way that fund managers could use it and it worked within existing impact investing and ESG standards,” says Shapiro....
...Some fund managers also blame regulatory changes for choking demand....
...Multi-managers have accordingly generated much of the growth in hedge fund assets under management over the past five years....
...But much larger asset managers such as Germany’s DWS see little opportunity in the UK market. Instead, it prefers to grow via a low fee exchange traded fund strategy — Xtrackers — and alternatives....
...Some of this has flowed to multi-manager hedge funds, which spread clients’ money over a range of strategies including long-short equity....
...The structure has helped power the $9tn asset manager into a position where it is chipping away at BlackRock’s dominance in the ETF industry, with its multi-share class funds amassing more than $5tn in assets...
...Some multi-strategy firms, which trade a range of strategies, also performed well — including Citadel....
...Emerging markets fund manager Ashmore suffered a $2.1bn drop in assets under management in the first three months of the year, as institutions withdrew their money in an attempt to reduce investment risk...
...Investors could also look at increasing their exposure to passive funds tracking European or emerging market indices, or diversify away from equities by considering multi-asset funds....
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