MANAGER INSIGHTS

CMBS could be hit harder than the ’08 sub-prime market, says Deer Park Road CIO

CMBS could be hit harder than the ’08 sub-prime market, says Deer Park Road CIO

Deer Park Road is maintaining an aggressive short position in commercial mortgage backed securities as the market continues to fall because of lockdown. Although the Colorado-based structured credit manager, which was established by Michael Craig-Scheckman in 2003, expects to shift to a long position in CMBS when the right entry point emerges towards the end of the year, or in early 2021.

Q&A

“Continuity plans are experiencing the ultimate stress test,” says Opus CEO Robin Bedford

“Continuity plans are experiencing the ultimate stress test,” says Opus CEO Robin Bedford

As with all companies, Covid-19 has presented a unique set of challenges to Opus, the fast-growing global fund administrator. But when Opus implemented its business continuity plan, it was more than just business as usual. The firm delivered 87% of its client NAVs earlier than expected – at a time when managers were under intense pressure from investors to report returns. Hedgeweek spoke to Opus CEO Robin Bedford about the short-term challenges to operational processes and the implications for the future…

MANAGER INSIGHTS

Trend-following hedge fund Quest Partners’ tail risk strategy soars amid volatility surge

Trend-following hedge fund Quest Partners’ tail risk strategy soars amid volatility surge

Quest Partners, a New York-based systematic CTA, has carved out a strong track record over the past two decades, tapping into market opportunities arising out of volatility swings and increased tail risk in assets using a nimble short-term approach that enables it to switch in and out of positions quickly.