Fri, Feb 22, 2019
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Lekka Global Management launches global macro strategy

Tuesday, October 30, 2018

Bailey McCann, Opalesque New York for New Managers:

Chicago based Lekka Global Management has launched a new global macro trading program. The program will trade equities, fixed income, currencies and commodities futures.

The strategy will be split 80/20 between the equities/fixed income which will be trend following with a reversal model and commodities/currencies which will be trend following with an equal bias toward long and short positions. The goal of the strategy will to have an annualized volatility of between 10-12 percent, lower than that of the S&P 500 which typically has 15-20 percent.

Lekka Global is a new firm led by Joseph J. Knapek. Prior to launching Lekka Global, Knapek was principal of other commodity-related firms, including Altea Asset Management, Euro Doc Trading Advisors and JKN Trading.

Global macro as a strategy has come back into focus for investors as they seek more defensive positioning in the wake of recent volatility. Macro funds are the leading strategy for hedge funds in terms of assets raised year to date, according to data from eVestment. The category is up $12.49 billion through October and is the only strategy where more than 50 percent of funds have had positive asset flows in 2018.

However, the category also has a significant return dispersion and investors have seen pretty significant volatility recently as asset weightings have shifted......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. New Launches: Royal London launches new Greetham fund, Direct lending specialist unveils multi-manager credit fund, PeakSpan Capital announces final close for Fund II on $265m, Mubadala's venture capital unit to launch $400m European fund, Lazard offers Scandinavian bond fund[more]

    Royal London launches new Greetham fund From FT Adviser: Royal London's Multi Asset Strategies is the latest fund to be launched for Trevor Greetham and his eight-strong multi-asset team. It targets annualised total returns of cash, defined as the Sterling Overnight Index Average, p

  2. New Launches: AI venture capital firm InReach Ventures launches new $60m fund[more]

    From Telegraph: InReach Ventures, a venture capital firm using artificial intelligence to spot the most promising early stage startups in Europe, has closed a new EUR53m ($60m) fund, as it said the Brexit process would be unlikely to decrease entrepreneurship in the EU. InReach Ventures said it

  3. Outlook: Why Paul Tudor Jones fears a 'revolution', A lot of 'negative surprises' will hit the markets in coming months, hedge-fund veteran Mark Yusko says[more]

    Why Paul Tudor Jones fears a 'revolution' From Institutional Investor: Billionaire hedge fund manager Paul Tudor Jones; Robert Shiller, the Yale University professor who is a co-winner of the Nobel Prize in economic sciences; and DoubleLine Capital's deputy chief investment officer Jeff

  4. Performance: This small Austin based hedge fund founded by a successful Polish entrepreneur is beating market by recognizing growing moats[more]

    From Value Walk: Lukasz Tomicki, the founder of Austin, TX-based LRT Capital, had a life-changing moment after he achieved a degree of success. This led him into the hedge fund business where his emerging strategy has outperformed the major stock and hedge fund indices, he told ValueWalk. How the fu

  5. Opalesque Exclusive: BDO Survey: 89% of GPs expect a downturn within the next two years[more]

    Bailey McCann, Opalesque New York: Private equity appears to be preparing for the worst. 89 percent of private equity fund managers expect a prolonged downturn sometime in the next two years, according to the findings of a newly released survey from BDO. The trade war was cited as a top conce