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Decision-makers tracking increase
There have been 615 senior people moves reported to the SEC in the last week, as firms update their filings before the 31 March deadline. AFI members can view them all at the Decision-Makers tracker, which aggregates industry-relevant moves.
AQR launches portable alpha quartet
AQR Capital Management is launching a quartet of funds which will bring its portable alpha investing to the masses, AFI reports.
The Connecticut-based quant specialist, led by founder Cliff Asness, filed a prospectus with the SEC on Thursday for four mutual funds under a new brand, Fusion.
The funds will be accessible to investors from private wealth channels, opening up the market. They each focus on a different strategy approach and take a 100% exposure to it, combined with a 100% equity market exposure (through futures or swaps).
Related: AQR multi-strategy product leads gains in turbulent Feb
Taula Capital hits $6.5bn
London-based Taula Capital, one of the industry’s most notable recent launches, has hit $6.5bn in assets.
The macro manager was founded last year with significant backing from Millennium by Diego Megia, who was a leading PM at the multi-manager.
It now has six offices in London, New York, Jersey, Switzerland, Italy and Dubai. A further $1bn was recently invested by existing investors, bringing it up to the new AuM and exceeding the asset base of Jain Global, which remains at the $5.3bn level it started with last year, according to Financial News reporting.
Elliott shorts Shell
Elliott Investment Management has taken out a large short position on UK-listed oil group Shell. It follows a short placed by Paul Singer’s New York firm against BP.
Experts recommend close-out tool for Treasuries bets
The Federal Reserve has been told an emergency program should be considered to out hedge fund trades in the $29trn US Treasuries market. A Brookings Institution paper by a former Federal Reserve governor and academics said rapid unwinding of the estimated $1trn in hedge fund arbitrage could have a big impact on financial stability. They recommend hedged bond purchases.