RETURNS

Multi-manager hedge fund Brummer continues positive run in 2020, as equities, credit and macro drive H1 profits

Multi-manager hedge fund Brummer continues positive run in 2020, as equities, credit and macro drive H1 profits

Brummer & Partners, the Stockholm-based multi-strategy hedge fund firm, has generated positive returns for the first half of 2020, with US long/short equity, credit and macro strategies all driving performance in its flagship strategy in recent weeks.

SURVEY

Credit Suisse survey: Hedge funds now top choice among investors, as appetite soars in 2020

Credit Suisse survey: Hedge funds now top choice among investors, as appetite soars in 2020

Hedge funds have emerged as the top pick among asset allocators heading into the second half of 2020, outflanking other products such as private equity and real estate as investors’ asset-class-of-choice, according to new data from Credit Suisse, which showed hedge funds have met or exceeded the expectations of some two-thirds of investors so far in 2020.

INTERVIEW

Virtual meetings, vigilance, and the Mayfair effect: AIMA chief Jack Inglis discusses Covid-19’s impact on the hedge fund industry

Virtual meetings, vigilance, and the Mayfair effect: AIMA chief Jack Inglis discusses Covid-19’s impact on the hedge fund industry

In a recent interview with Hedgeweek, Jack Inglis, the CEO of the Alternative Investment Management Association, discussed hedge funds’ response to the assortment of operational obstacles arising from the coronavirus-imposed lockdown, how virtual conferencing has reshaped manager-investor relationships, and what the future holds for the industry’s traditional Mayfair nerve-centre following months of remote working.

MARKETS

Pictet chief strategist cautious on equities rebound, warning on UK as materials and Japan offer value

Pictet chief strategist cautious on equities rebound, warning on UK as materials and Japan offer value

The current stock market rebound is “out of step with economic reality”, according to Pictet Asset Management’s chief strategist Luca Paolini. While the sustained market resurgence appears to have bolstered equity and credit-focused hedge funds’ returns during May, Paolini warned that hopes for a quick V-shaped recovery following the coronavirus downturn look “optimistic”.

FUND PERFORMANCE

“The same old industry”? Hedge funds and crisis alpha in the coronavirus era

“The same old industry”? Hedge funds and crisis alpha in the coronavirus era

When hedge fund indices tumbled in tandem with equities during this year’s historic Q1 sell-off – before sharply rebounding in April with their biggest monthly gain since the 2008 financial crisis – it reignited the debate over alternatives’ role in investment portfolios, and particularly the hedge fund industry’s core objective of outsized gains uncorrelated to broader marker performance.