FUND FLOWS

Hedge fund asset volumes are setting new records, as uncorrelated gains draw more investor money

Hedge fund asset volumes are setting new records, as uncorrelated gains draw more investor money

Total global hedge fund assets under management have mushroomed to a record USD3.6 trillion, thanks to defensive outperformance and opportunistic gains during 2020’s upheaval – though the biggest firms continue to take the lion’s share of investor capital as smaller names are squeezed.

OUTLOOK

JP Morgan Asset Management forecasts “rich environment” for hedge funds as ‘megatrends’ take centre-stage

JP Morgan Asset Management forecasts “rich environment” for hedge funds as ‘megatrends’ take centre-stage

The fallout from the coronavirus pandemic is set to unlock global “megatrends” this year, including consumer and corporate technology, healthcare, and sustainability themes – and hedge fund investors can expect a “rich environment for growth”, a major new study by JP Morgan Asset Management suggests.

SHORT-SELLING

UK hedge fund Argonaut takes aim at AstraZeneca-Oxford vaccine and warns against “silver bullet” recovery

UK hedge fund Argonaut takes aim at AstraZeneca-Oxford vaccine and warns against “silver bullet” recovery

The recent stock market “exuberance” sparked off by breakthroughs in Covid-19 vaccine trials may give way to disappointment next year, says Argonaut Capital CEO and CIO Barry Norris, who continues to build short positions in a number of drug companies, including AstraZeneca, amid continued uncertainty over efficacy and dosage in its trial process.