WHITE PAPER

Lessening the burden: SEI explores the benefits of outsourced functions in the “new normal”

Lessening the burden: SEI explores the benefits of outsourced functions in the “new normal”

The prospect of remote working becoming the “new normal” amid the likelihood of renewed Covid-19 lockdowns is driving investment managers of all sizes and strategies to re-evaluate their operational infrastructure and business practices in light of this year’s unprecedented events, according to SEI Investment Manager Services.

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.