New Managers April 2018

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Silicon Valley venture capitalist Andreessen Horowitz (A16Z) is well on its way to start their own cryptocurrency hedge fund. The bold development comes in the wake of subpoenas sent to more than 80 ICOs and crypto-investment firms solely in the United States. Marc Andreessen, one half of A16Z, is amongst the small set of institutional investors showing considerable interest toward the cryptocurrency sector.

WorldQuant, the computer-powered hedge fund that manages about $5bn on behalf of Izzy Englander's Millennium Management, is launching its first fund open to outside investors. The quantitative investment firm is in talks with investors and expects to raise more than $1bn over the next few months for a fund that will invest in global stock markets and aim to outperform its benchmark by 3 to 6 percentage points annually, according to the

Forte Securities Limited (Forte Securities) will launch two UCITS funds on its Global Macro strategy on the Alpha UCITS Platform. Forte Securities is a London based securities broker and asset manager. Forte Securities provides institutional investors with a diverse range of services spanning execution, brokerage, asset management and custody across equity, fixed income and foreign exchange. The firm was set up in 2008 and has a global presence with offices in London, New York, Zurich, Monaco, Dubai and Sydney

Bushra Hamid, the 19-year-old daughter of Syrian immigrants, has teamed up with three schoolmates to form Plympton Capital, a hedge fund for investing in digital currencies. Hamid says they aim to launch in six to eight weeks, starting with $1 million. Plympton, named for a street in Cambridge, Massachusetts, has already raised $700,000 from friends and family. "We don't necessarily know a lot, but they have full trust in us," Hamid said to Bloomberg .

Avenue Capital Group LLC, a New York-based investment firm with $9.4 billion in assets under management, ......................

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This article was published in Opalesque's New Managers a top-down monthly analysis, news and research publication on the global emerging manager space.