MANAGER INSIGHTS

How EJF Capital is positioning for inflation as central bank moves recalibrate market dynamic

How EJF Capital is positioning for inflation as central bank moves recalibrate market dynamic

EJF Capital, which invests long-only and long/short in both equities and credit across the financial services spectrum, believes it is well-placed to navigate the evolving investment landscape, as inflation looms large over markets and the European Central Bank begins winding down its emergency bond-buying pandemic support programme.

ACTIVIST INVESTING

Sir Christopher Hohn’s activist hedge fund TCI calls for special shareholder meeting in bid to overhaul Canadian National

Sir Christopher Hohn’s activist hedge fund TCI calls for special shareholder meeting in bid to overhaul Canadian National

TCI Fund Management, Sir Christopher Hohn’s high-profile activist hedge fund firm, is calling on Canadian National Railway to end its “reckless, irresponsible, and value destructive pursuit” of Kansas City Southern, and wants to requisition a special meeting of CN shareholders aimed at overhauling the board and replacing its CEO.

COMMENT

Greatest asset raising environment in the history of the hedge fund industry

Greatest asset raising environment in the history of the hedge fund industry

By Don Steinbrugge (pictured), Agecroft Partners – The next 15 months will be the greatest asset raising environment in the history of the hedge fund industry and potentially a once-in-a-career opportunity for managers to grow assets. The strength of asset flows to managers will be much stronger than many industry professionals expect and potentially surpass USD1 trillion. 

OUTLOOK

Investors are turning increasingly bullish on hedge funds, new Barclays outlook shows

Investors are turning increasingly bullish on hedge funds, new Barclays outlook shows

The resurgent investor appetite for hedge funds is underlined in new data from Barclays’ Prime Services Capital Solutions unit, which shows allocator flows turning positive for the first time in four years, new hedge fund launches outweighing liquidations, increased investor willingness to make allocations without in-person meetings, and total industry assets soaring to an all-time record of USD4 trillion.

FUND PERFORMANCE

Brummer Multi-Strategy ends August in red, as flagship adds financials-focused long/short hedge fund

Brummer Multi-Strategy ends August in red, as flagship adds financials-focused long/short hedge fund

Brummer & Partners’ flagship multi-strategy vehicle slipped into the red during August, with all but two of its underlying managers posting losses during the month. The slide comes as the Stockholm-based fund began allocating capital to Kersley Financials, a new financials-focused long/short equity strategy, on 1 September.