Latest news with #Arrowpoint
Reuters
6 days ago
- Business
- Reuters
Singapore hedge fund Arrowpoint capitalised on May market turmoil
HONG KONG, June 3 (Reuters) - Singapore's multi-strategy hedge fund Arrowpoint Investment Partners has made gains by exploiting market dislocations triggered by global trade tariff shocks and sees more arbitrage opportunities ahead, its chief investment officer said. Since mid-April, the $1.1 billion fund has capitalised on extreme dislocations in equities, currencies and bond curves, founder and CIO Jonathan Xiong told Reuters. May was the fund's best month since its launch last July, up more than 3%, said a person familiar with the matter who declined to be identified. By comparison, multi-strategy hedge funds were on average flat in April, data from With Intelligence shows. Backed by Blackstone, the Canada Pension Plan Investment Board and Temasek's Seviora, Arrowpoint was Asia's largest hedge fund startup last year. It now has around 110 staff with over 20 trading pods. "Everything has got more volatile, but there are also opportunities that were so abundantly clear," said Xiong, a former Asia co-CEO of Millennium Management. Arrowpoint exploited dislocations in Asia FX markets using non-deliverable forwards and profited from Australian rate curve anomalies following U.S. President Donald Trump tariff announcements, Xiong said. It was able to take advantage of temporary mispricing in asset prices, betting they would eventually revert to normal levels. "One thing I noticed is that Asia dislocations take much longer to come back as the market is less liquid compared to the U.S.," Xiong said. Arrowpoint, however, stayed clear of Japan's rate markets, where super-long bond yields were driven to record highs in May. "The risk premium injected towards the longer end of the Japan curve may be warranted given investors' repricing of global bond term premiums," he said. At the Sohn Hong Kong Investment Leaders Conference on Friday, Xiong pitched a long China/short Japan 'risk parity' trade, which involves buying China stock index futures and 5-year government bonds, while shorting similar Japanese assets. He said investor interest in Asia-based multi-strategy funds is rising as there's growing concern about over-exposure to U.S. markets.
Business Times
6 days ago
- Business
- Business Times
Singapore hedge fund Arrowpoint capitalised on May market turmoil
[HONG KONG] Singapore's multi-strategy hedge fund Arrowpoint Investment Partners has made gains by exploiting market dislocations triggered by global trade tariff shocks and sees more arbitrage opportunities ahead, its chief investment officer said. Since mid-April, the US$1.1 billion fund has capitalised on extreme dislocations in equities, currencies and bond curves, founder and CIO Jonathan Xiong told Reuters. May was the fund's best month since its launch last July, up more than 3 per cent, said a person familiar with the matter who declined to be identified. By comparison, multi-strategy hedge funds were on average flat in April, data from With Intelligence shows. Backed by Blackstone, the Canada Pension Plan Investment Board and Temasek's Seviora, Arrowpoint was Asia's largest hedge fund startup last year. It now has around 110 staff with over 20 trading pods. 'Everything has got more volatile, but there are also opportunities that were so abundantly clear,' said Xiong, a former Asia co-CEO of Millennium Management. BT in your inbox Start and end each day with the latest news stories and analyses delivered straight to your inbox. Sign Up Sign Up Arrowpoint exploited dislocations in Asia FX markets using non-deliverable forwards and profited from Australian rate curve anomalies following US President Donald Trump tariff announcements, Xiong said. It was able to take advantage of temporary mispricing in asset prices, betting they would eventually revert to normal levels. 'One thing I noticed is that Asia dislocations take much longer to come back as the market is less liquid compared to the US,' Xiong said. Arrowpoint, however, stayed clear of Japan's rate markets, where super-long bond yields were driven to record highs in May. 'The risk premium injected towards the longer end of the Japan curve may be warranted given investors' repricing of global bond term premiums,' he said. At the Sohn Hong Kong Investment Leaders Conference on May 30, Xiong pitched a long China/short Japan 'risk parity' trade, which involves buying China stock index futures and five-year government bonds, while shorting similar Japanese assets. He said investor interest in Asia-based multi-strategy funds is rising as there's growing concern about over-exposure to US markets. REUTERS
Yahoo
24-02-2025
- Business
- Yahoo
Arrowpoint Investment Partners Chooses SS&C for Fund Administration
WINDSOR, Conn., Feb. 23, 2025 /CNW/ -- SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) today announced that Arrowpoint Investment Partners, Singapore's new multi-strategy hedge fund investment firm, has selected SS&C GlobeOp to administer its flagship $1 billion multi-strategy fund. The fund currently leverages 18 portfolio managers in Hong Kong and Singapore across various strategies. "Our philosophy is to integrate multiple strategies across our teams by leveraging technology to generate consistent, high-quality, risk-adjusted returns," said Woon Young Jeong, Chief Operating Officer of Arrowpoint. "We needed an administrator who was deeply familiar with multiple asset classes, complex fee structures, and managing reporting requirements for investors of multi-manager vehicles. SS&C's cutting-edge technology and professional and knowledgeable support team make it an ideal partner to service our fund." Arrowpoint was founded by Jonathan Xiong, the former co-CEO of Millennium's Asia operations. Rather than managing trading teams as separate entities, Arrowpoint integrates its fundamental and quant strategies across equities, fixed income and commodities to gain more precise control over performance. The firm focuses on investments in Asia. "We are pleased to work with Arrowpoint Investment Partners as they grow their innovative fund," said Michael Li, Managing Director, Head of SS&C GlobeOp, APAC. "As the hedge fund market evolves, multi-strategy vehicles attract much investor interest. These vehicles can be complex to manage, as multiple asset classes, fee structures and reporting requirements are involved. We look forward to working with Arrowpoint to alleviate those operational stresses so the team can focus on investing." Learn more about SS&C's multi-manager fund solutions here. About Arrowpoint Investment Partners Arrowpoint is an investment firm building a differentiated Asia-focused, multi-strategy platform. Learn more at About SS&C Technologies SS&C is a global provider of services and software for the financial services and healthcare industries. Founded in 1986, SS&C is headquartered in Windsor, Connecticut, and has offices around the world. More than 22,000 financial services and healthcare organizations, from the world's largest companies to small and mid-market firms, rely on SS&C for expertise, scale and technology. Additional information about SS&C (Nasdaq: SSNC) is available at Follow SS&C on Twitter, LinkedIn and Facebook. View original content to download multimedia: SOURCE SS&C View original content to download multimedia:
