Hedge funds have collected almost EUR200 million from successful bets against the embattled travel and leisure sector, with short positions in Lufthansa, TUI and IAG driving the bulk of the gains recently.
The UK’s slide into recession could squeeze investor flows into the country, carrying far-reaching implications for hedge funds focused on UK markets.
Crisis management: Credit hedge fund Palmerston’s Jesse McCormick discusses Covid-19’s impact on business functions
From the historic stock market sell-off and volatility surge that wreaked havoc on investment portfolios during March to the continued working-from-home practices which have thrown up various operational obstacles spanning technology, cybersecurity and infrastructure, the coronavirus crisis has upended all corners of the hedge fund industry.
From mainstream to niche: How energy specialist hedge fund HITE is thriving with bearish carbon outlook
Established in 2004, HITE Hedge Asset Management is an alpha-focused energy specialist hedge fund firm which trades a range of energy-related securities throughout the entire carbon value chain.
“A new golden age”: Why industry pioneer Dixon Boardman believes hedge funds are now the place to be
For Dixon Boardman, the CEO and founder of Optima Asset Management and renowned fund-of-hedge funds pioneer, the dramatic turbulence that shocked markets earlier this year is unlike anything ever seen during his three decades-plus of investing.
Short selling is essential in enabling investors to hedge against ESG risks, and has bolstered market transparency by uncovering corporate wrongdoing and environmental negligence, according to a new study by the Alternative Investment Management Association and global law firm Simmons & Simmons.
Investors like Bill Ackman are bringing SPACs back into vogue and while the size and sophistication of these ‘blank-check’ companies is evolving, it is unlikely to signal a long-term structural shift.
“A healthy dose of scepticism”: How Cheyne Capital’s Richard Woolf is building success with thematic equity hedge fund
As manager of Cheyne Capital’s Thematic Long/Short Fund, Richard Woolf (pictured) brings what he describes as a “healthy dose of scepticism” to his portfolio management style and trading approach.
Virtual meetings, vigilance, and the Mayfair effect: AIMA chief Jack Inglis discusses Covid-19’s impact on the hedge fund industry
Jack Inglis, the CEO of the Alternative Investment Management Association, discusses 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.
Jim Chanos, the president and founder of Kynikos Associates and one of the industry’s higher profile short-sellers, said that the evidence was almost irrefutable late last year that something was wrong with Wirecard.
The “locusts” were the canaries in the coal mine (again): Hedge fund short-sellers vindicated as Wirecard blow-up jolts Germany
There is precious little to celebrate in the precipitous collapse of Wirecard, the German payments group whose shares have lost 90 per cent in a matter of days amid what now appears to be incontrovertible evidence of a massive and sustained fraud involving at least EUR2 billion of ‘missing’ cash.
A contrarian perspective: Q&A with Edouard Laurent-Bellue, partner and head of fund solutions at LFIS
With long-term volatility likely to remain at elevated levels, the LFIS Vision UCITS – Perspective Fund is primed to capitalise on opportunities in rangy equity markets.
Oil hedge fund Westbeck bullish on further energy price recovery after volatile markets sends returns soaring
Westbeck Capital Management, the London-based long/short energy specialist hedge fund, is positioning for a continued recovery in oil and oil equities after making bumper returns amid frenzied markets during the first six months of the year.
Bigger may not necessarily be better: Largest hedge funds still down in 2020, lagging industry average
Larger hedge funds’ performance in 2020 remains “significantly” below industry averages, according to new industry stats, suggesting that bigger may not necessarily be better when it comes to managers recouping losses suffered earlier in the year.
Hosted by Hedgeweek, this live digital summit, taking place over two days (11 & 12 November), is your bridge to a new understanding of each of the critical steps involved in successfully bringing a hedge fund to market.
Voting is now open for the Hedgeweek US Awards 2020, which will be announced and celebrated at an exclusive virtual ceremony and industry networking event to be held on Thursday 29 October.
Hedge funds betting against Asos have seen their positions squeezed as the online fashion retailer’s share price surged further this week following upgraded profit forecasts.
Multi-asset fund manager Fulcrum seizes on “fertile” market environment with two new hedge fund launches
Fulcrum Asset Management, the USD4.4 billion London-based multi-asset manager, is preparing to launch two new hedge fund strategies – an equity diversifier fund and a market neutral offering.
Activist hedge fund TCI Fund Management is challenging Italy’s government over the sale of a motorways unit held by Atlantia, the Rome-headquartered infrastructure group which managed the Morandi Bridge that collapsed in Genoa in 2018, killing 43 people.
CIAM, the London and Paris-based activist hedge fund, has hit out at Ontex Group NV over what it sees as financial underperformance and a lack of strategic direction, and is calling for a shake-up of the Belgian personal hygiene products manufacturer’s board.
Altana Wealth, the credit, currency and special situations-focused hedge fund led by former Trafalgar Asset Managers co-founder Lee Robinson, believes its specialist corporate bond strategy is well placed to generate further gains following a strong second quarter performance.
Algebris Investments, the London-based multi-strategy credit and equities-focused hedge fund firm headed by Davide Serra, is diversifying its positions across credit markets amid a still-fragile recovery and “eerie mood” among investors.