Alternative Fund Insight

This week we speak to Trium Capital’s Tom Roderick, a fund manager from the in-demand world of global macro, which has been one of the sector’s strongest performing sectors this year.Talking points:1:45 - Introduction to Tom Roderick, career background.4:56 - Structured as Ucits fund; focus on strong period for global macro.8:35 - Why is it such a fertile environment for macro managers; how does it translate into alpha?11:47 - Focus on commodities, growth in opportunity, shape of market.16:37 - What does macro offer investors in today’s market environment?20:28 - Speed of movement, action in policy is accelerating, creating more opportunities.24:12 - Altaira partnership.24:42 - How do you use AI in your business/team at the moment?27:30 - What does a typical day look like?A quick reminder to sign up for our AFI Hedge Fund Innovation Summit in Mayfair on Thursday 13 November, head to the website for details: https://alternativefundinsight.com/afi-innovation-summit/2025 headline partnerThis podcast is brought to you in association with Citco, the leading asset servicer with over $2 trillion of assets under administration (AUA) and the top hedge fund administrator according to the AFI 500 research ranking. Citco acts as a true partner to its clients, dedicated to developing rich long-term relationships through gold standard services and industry leading technology. Head to Citco.com for more information.Episode 49 sponsorThis episode is brought to you in association with Altaira Strategic Partners, which partners with emerging and established asset managers to provide a state-of-the-art institutional operating environment. Their cutting edge approach helps managers to bring their products and ideas to the marketplace with speed, efficiency and the latest innovations. Its heritage goes back to TIG which has been providing institutional back and middle office services to fund managers since 1980. Meet the team in Mayfair at the AFI Innovation Summit on 13 November, and visit altairastrat.com for more information. Hosted on Acast. See acast.com/privacy for more information.

Hedge funds posted a twelfth straight quarter of gains in Q3, putting the $5trn industry on course for its best calendar year of the decade. On this episode, Will dissects the latest trends in the hedge fund space with Declan Quilligan, head of hedge fund services at Citco, and explores North American trends and the firms focus on client shadow footprint reduction and workflow optimisation programs with regional head Peter Kane. Will also provides an update on the upcoming AFI Hedge Fund Innovation Summit: https://alternativefundinsight.com/afi-innovation-summit/AFI report on Citco research: https://alternativefundinsight.com/strong-q3-puts-hedge-funds-in-sight-of-best-returns-of-decade-citco/Citco research: https://www.citco.com/insights/citco-monthly-hedge-fund-update-september-20252:00 - Introduction to Declan Quilligan.2:38 - DQ round-up on key performance and flows trends in 2025.4:00 - Macro, multi-strategy, equity strategies lead in Q3 and YTD.6:34 - Multi-strategy dominate inflows data. Sector now at $5trn.7:37 - Introduction to Peter Kane, head of Citco Fund Services (North America). Overview of key trends in that market, focus areas for the firm.9:31 - Client shadow footprint reduction and workflow optimisation programs that go alongside.13:43 - Momentum of hedge fund space from his seat in NY, profile of firms they work with.2025 headline partnerThis podcast is brought to you in association with Citco, the leading asset servicer with over $2 trillion of assets under administration (AUA) and the top hedge fund administrator according to the AFI 500 research ranking. Citco acts as a true partner to its clients, dedicated to developing rich long-term relationships through gold standard services and industry leading technology. Head to Citco.com for more information. Hosted on Acast. See acast.com/privacy for more information.

A conversation with Simon Nixon, a senior financial journalist and leading macro thinker. Nixon, formerly the chief European commentator at the Wall Street Journal, was a keynote speaker at the AFI Acceleration Summit on 1 October and shares his thoughts in a separate conversation with Will Wainewright. Future of the West - Making sense of a new world order where power rules — and economic norms no longer apply. This briefing explores global trends in geopolitics and macroeconomics, including the impact of Trump’s trade policies, the enduring rise of China, the future of Europe and the UK in a thought-provoking fireside conversation.A link to Simon's newsletter: https://nixons.substack.com/Euractive article: Where is Europe's economic drone wall? https://www.euractiv.com/opinion/where-is-europes-economic-drone-wall/2025 headline partnerThis podcast is brought to you in association with Citco, the leading asset servicer with over $2 trillion of assets under administration (AUA) and the top hedge fund administrator according to the AFI 500 research ranking. Citco acts as a true partner to its clients, dedicated to developing rich long-term relationships through gold standard services and industry leading technology. Head to Citco.com for more information. Hosted on Acast. See acast.com/privacy for more information.

Polina Kurdyavko, head of emerging markets and senior PM at RBC BlueBay Asset Management, was the special guest, sharing insights on her investing approach, career background and the opportunity set in EM heading into 2026. (Recorded Tuesday 7 October).1:42 — Career background and evolution.2:26 — Started career in 1998, personal family motivation.3:40 — Kurdyavko’s big-picture view on EM and why it provides a fertile hunting ground in alts.6:35 — Moving from relative to directional opportunity.8:55 — Impact of this year’s volatility and turbulence on the opportunity set going forward.14:22 — Episode sponsor: Altaira Strategic Partners.15:05 — Follow-up on de-dollarization trend.21:28 — Thoughts on China — real estate, general outlook, significance.24:24 — Rising allocator interest in EM?26:50 — Looking ahead into 2026.China article - Polina’s Perspective: a pimple soup experience in ChinaRBC BlueBay coverage on AFIAFI membership | LinkedIn page | Free AFI bulletins | Weekly multi-strategy update.AFI Innovation Summit agenda and registration*Not investment advice. Past performance is no guarantee of future returns*2025 headline partnerThis podcast is brought to you in association with Citco, the leading asset servicer with over $2 trillion of assets under administration (AUA) and the top hedge fund administrator according to the AFI 500 research ranking. Citco acts as a true partner to its clients, dedicated to developing rich long-term relationships through gold standard services and industry leading technology. Head to Citco.com for more information.Episode 46 sponsorThis episode is brought to you in association with Altaira Strategic Partners, which partners with emerging and established asset managers to provide a state-of-the-art institutional operating environment. Their cutting edge approach helps managers to bring their products and ideas to the marketplace with speed, efficiency and the latest innovations. Its heritage goes back to TIG which has been providing institutional back and middle office services to fund managers since 1980. Meet the team in Mayfair at the AFI Innovation Summit on 13 November, and visit altairastrat.com for more information. Hosted on Acast. See acast.com/privacy for more information.

Get 360-degree insights and agenda-setting research into hedge funds and multi-strategy with AFI membership. Email commercial@alternativefundinsight.com for corporate discounts.Follow the latest developments via our LinkedIn page. Sign up to free AFI bulletins. Get a free weekly multi-strategy update.Will interviews Declan Quilligan, head of hedge fund services at Citco, for a review of August hedge fund performance and flows trends. We also have a short preview of the AFI Acceleration Summit, coming to Mayfair on Weds 1 October. For more resources, check out:AFI:August gains boost hedge fund sector as summer inflows continue: CitcoCitco:August monthly research reportEvents:AFI Acceleration Summit agenda and registration*Not investment advice. Past performance is no guarantee of future returns*2025 headline partnerThis podcast is brought to you in association with Citco, the leading asset servicer with over $2 trillion of assets under administration (AUA) and the top hedge fund administrator according to the AFI 500 research ranking. Citco acts as a true partner to its clients, dedicated to developing rich long-term relationships through gold standard services and industry leading technology. Head to Citco.com for more information. Hosted on Acast. See acast.com/privacy for more information.

François Rivard, CEO of Innocap, shares his insights on the growing importance of dedicated managed accounts (DMAs) in the hedge fund industry. He discusses the key differences between SMAs and DMAs, highlighting four main drivers for allocators: customization, transparency, control, and capital efficiency. Rivard explains how DMAs help mitigate risks for emerging managers and are spurred by macroeconomic factors like volatility and AI. He also touches on the exciting future of hedge funds and Innocap's plans for expansion and tech upgrades.

Get 360-degree insights and agenda-setting research into hedge funds and multi-strategy with AFI membership. Email commercial@alternativefundinsight.com for corporate discounts.Follow the latest developments via our LinkedIn page. Sign up to free AFI bulletins. Get a free weekly multi-strategy update.In this episode, Will interviews Declan Quilligan, head of hedge fund services at Citco, to review July performance and flows trends; and is joined by Peter Quinn, head of the firm's transformation office, to explore the benefits of efficient data transformation to GPs and their clients.2:00 — Discussion of strong event-driven performance with Declan Quilligan.5:00 — July hedge fund headlines across performance and flows.6:24 — What should we read into European data?7:50 — Introduction to Peter Quinn and the transformation office at Citco.8:25 — What are the benefits of efficient data transformation to GPs and their clients?9:42 — Regulatory and LP pressures at play.10:37 — Practical implications.12:00 — Importance of integration — and the technology development.14:20 — AI opportunities and challenges.15:30 — Continued growth going forward.*Not investment advice. Past performance is no guarantee of future returns*Headline partnerThis podcast is brought to you in association with Citco, the leading asset servicer with over $2 trillion of assets under administration (AUA) and the top hedge fund administrator according to the AFI 500 research ranking. Citco acts as a true partner to its clients, dedicated to developing rich long-term relationships through gold standard services and industry leading technology. Head to Citco.com for more information. Hosted on Acast. See acast.com/privacy for more information.

Greg Bond, the newly appointed CIO of Man Group, shares insights from his over a decade-long journey in finance. He discusses the rising significance of multi-strategy investing and how alternatives can help navigate recent market volatility. Bond emphasizes the role of AI in unlocking new opportunities and enhancing operational efficiency. Additionally, he draws intriguing parallels between sports analytics and investment strategies from his experience with the Boston Red Sox, highlighting the blend of data-driven decisions and fundamental insights.

Get 360-degree insights and agenda-setting research into hedge funds and multi-strategy with AFI membership. Use the code PODCAST10 for a 10% discount on AFI Intelligence (first year, new subscribers only). Group discounts available for corporates: Ask Will or email commercial@alternativefundinsight.com for more details!You can subscribe to the AFI podcast on iTunes, Apple Podcasts, Spotify or any other podcast app. All ratings and feedback welcome!Follow the latest developments via our LinkedIn page. Sign up to free AFI bulletins. Get a free weekly multi-strategy update.In this episode, Will interviews Declan Quilligan, head of hedge fund services at Citco, to review industry trends in H1, which saw hedge funds gain through volatile markets, inflows continue, with more interest from private wealth channels, and the use of SMAs increase. Find topics by timestamp below:1:44 - analysis with Declan Quilligan starts.2:01 - review of headline hedge fund performance trends.3:38 - equity and multi-strategy hedge funds led the way as most strats rose.4:53 - consistency a key aspect of return characteristics. Diversification.6:20 - impact on flows, rising numbers.7:24 - growth in allocations from private wealth channels.11:07 - continued growth in trading volumes, payments.13: 30 - increased use of SMA structures this decade.*Not investment advice. Past performance is no guarantee of future returns*This podcast is brought to you in association with Citco, the leading asset servicer with over $2 trillion of assets under administration (AUA) and the top hedge fund administrator according to the AFI 500 research ranking. Citco acts as a true partner to its clients, dedicated to developing rich long-term relationships through gold standard services and industry leading technology. Head to Citco.com for more information. Hosted on Acast. See acast.com/privacy for more information.

Declan Quilligan, the Head of Hedge Fund Services at Citco, shares insights on the hedge fund industry's booming trends. He discusses May's impressive $6 billion net inflow and the rise of multi-strategy funds, with 80% of hedge funds posting gains. Quilligan dives into the pressing need for technological investment, particularly in treasury services. He highlights AI's role in revolutionizing hedge fund operations, boosting efficiency, and the essential transition to AI-driven solutions. The pace of change in the sector is only accelerating.