BONDS

Man Group: Sector and credit specifics now key for corporate bond investors amid elevated supply

Man Group: Sector and credit specifics now key for corporate bond investors amid elevated supply

Sector- and credit-specific bond selection will become increasingly important for investors amid a surging wave of new issuance, as companies look to raise more money to combat the coronavirus fall-out, according to managers at London-listed global hedge fund giant Man Group, who suggested government bonds could prove “an attractive alternative.”

SHORT-SELLING

Hedge funds pile into Nikola short positions, as e-vehicle maker’s founder resigns amid fraud allegations

Hedge funds pile into Nikola short positions, as e-vehicle maker’s founder resigns amid fraud allegations

Hedge fund short sellers are circling Nikola Corporation, the electric vehicle and component manufacturer at the centre of fraud allegations, with the Nasdaq-listed firm’s share price tipped to tumble this week following executive chairman Trevor Milton’s sudden resignation on Sunday night (20 September).

MANAGER INSIGHTS

“A psychological placebo”: Why this hedge fund manager is betting against drug companies in the race for a Covid vaccine

“A psychological placebo”: Why this hedge fund manager is betting against drug companies in the race for a Covid vaccine

The frantic hunt for an effective vaccine against coronavirus could leave some pharmaceutical companies highly exposed in a fiercely competitive race – and UK hedge fund Argonaut Capital is weighing in with several key bets against the sector.

SHORT-SELLING

BlueBay cautious on Brexit deal compromise after UK short position pays off

BlueBay cautious on Brexit deal compromise after UK short position pays off

The recent flashpoint over the UK’s Withdrawal Agreement with the European Union may prove to be the high point of “maximum bearishness” in the long-running Brexit process, according to BlueBay Asset Management, which has closed successful short bets on the UK and could now pivot towards a long sterling trade in the event of a compromise.

FUND LAUNCH

Hickory Lane Capital launches multi-sector equity hedge fund with Investcorp-Tages as anchor

Hickory Lane Capital launches multi-sector equity hedge fund with Investcorp-Tages as anchor

Hickory Lane Capital Management, a New York-based fundamental equities-focused investment manager, is tapping into opportunities across the TMT, industrials and consumer sectors with a new long/short equity strategy, which has launched with USD100 million in assets anchored by asset management seeder Investcorp-Tages.