Lazard Asset Management is launching a new emerging markets quantitative fund which will trade a diversified, low volatility strategy with an ESG focus placed at the forefront of its stock-picking process.
Hedge funds are positioning for a spike in volatility in healthcare, energy, financials and tech as the US presidential election gathers pace.
Convertible bond arbitrage strategies may hold half of the reported short positions in Tesla, as short bets against the electric carmaker remain resilient despite its market value roaring past USD150 billion this week.
Credit-focused hedge fund strategies spanning corporate credit, structured credit and convertible arbitrage made hay amidst a sustained positive investment backdrop last month.
Hedge funds are continuing to offload exposures that face a potential hit from the effects of the coronavirus, as Lyxor Asset Management forecasts a “transitory economic impact” from the deadly outbreak.
Ardian and Tikehau maintain selectivity discipline as Europe’s private debt market continues to grow
According to a recent Deloitte report, the global private debt market could reach USD1.4 trillion by 2023, thus making it the third largest alternative asset class (after hedge funds and private equity). This is an asset class that has really come of age over the last decade, as private debt managers stepped in on the back of the ’08 global crash to address some of the liquidity squeeze. And Europe in particular has substantially benefited, allowing leading players such as Tikehau Capital and Ardian to build substantial platform businesses to service the European middle-market.
Traditionally, allocators and investors often eschewed smaller, specialist hedge funds in favour of the firepower offered by larger brand-name managers. But as many smaller funds have posted outsized gains in recent years – while well-established marquee names experienced decidedly mixed performances – many at the forefront of the industry are detecting a potentially decisive shift in investor sentiment.