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$3 Billion Hedge Fund Astignes Seeks Hundreds of Millions for New Strategy

Reported by Bloomberg
Mar 27, 2024· 2 min read
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Key Takeaways
  • • Astignes Capital Asia, a Singapore-based hedge fund managing approximately $3.3 billion in assets, is launching the Astignes Systematic RV Macro Fund in April 2024 to pursue global managed futures trading strategies.
  • • The firm is targeting hundreds of millions of dollars in capital raises for the new fund, significantly expanding its investment mandate beyond its current macro and relative value focus.
  • • The new strategy will concentrate on futures contracts across equity, fixed income, and other asset classes, representing a strategic diversification into systematic managed futures trading.
  • • This expansion broadens Astignes' operational scope and positions the firm to access a new investor base interested in managed futures allocations, a distinct segment within alternative investments.
Summary
Astignes Capital Asia Pte, the Singapore-based hedge fund firm with near $3.3 billion in assets under management, is executing a significant strategic expansion by launching a dedicated systematic relative value macro fund to external investors beginning in April 2024. According to Bloomberg, the firm is pursuing hundreds of millions of dollars in new capital commitments for this initiative, marking a material capital raise for the organization.

The new Astignes Systematic RV Macro Fund represents the firm's entry into global managed futures trading, a strategy space distinct from its existing macro and relative value investment operations. The fund's investment approach will focus on futures contracts across multiple asset classes, including equities and fixed income instruments, employing systematic trading methodologies. This tactical shift allows Astignes to leverage quantitative, algorithm-driven approaches to managed futures markets while maintaining alignment with its established macro trading expertise.

The timing and scale of this fundraise underscore institutional appetite for diversified alternative strategies. By opening the fund to outside investors, Astignes positions itself to capture allocations from family offices, institutional investors, and hedge fund allocators seeking exposure to managed futures as a complementary strategy within their alternative investment portfolios. The expansion reflects broader industry trends of established hedge funds broadening their strategy offerings and deepening their product suites to support stable, long-term capital formation.

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Sources

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AlphaMaven summarised this story from the reporting below. Each link opens the original article.

Bloomberg $3 Billion Hedge Fund Astignes Seeks Hundreds of Millions for New Strategy