Coronavirus

INTERVIEW

Virtual meetings, vigilance, and the Mayfair effect: AIMA chief Jack Inglis discusses Covid-19’s impact on the hedge fund industry

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.

SURVEY

Hedge funds face sweeping changes to remote working and office space, as firms review footprint

Hedge funds face sweeping changes to remote working and office space, as firms review footprint

Most US hedge funds and other alternative managers expect to return to work before year-end, but a majority predict sweeping changes to work-from-home policies and office layouts, with close to a third of New York-based managers mulling a reduction in office space, a deep-dive industry study by Seward & Kissel has found.

hedgeweeklive NORTH AMERICA

hedgeweekLIVE North America: Covid-19 crisis flags up operational challenges and cybersecurity risks, panelists say

hedgeweekLIVE North America: Covid-19 crisis flags up operational challenges and cybersecurity risks, panelists say

The impact of the Covid-19 crisis on cybersecurity, and the challenges of remote working on start-up hedge funds’ business operations, proved a key theme at this year’s hedgeweekLIVE North America event, ‘Managing a Start-up or Emerging Hedge Fund in 2020’.

SURVEY

Hedge fund industry split over return to work and client meetings, as lockdown measures ease

Hedge fund industry split over return to work and client meetings, as lockdown measures ease

Most hedge fund industry employees have been working remotely during the coronavirus pandemic, but now firms are split over when staff should return to work and when businesses can resume face-to-face contact with investors and other clients, a new study by the Alternative Investment Management Association has found.

Coronavirus

World’s largest cap intro event goes live as top allocators and managers come together for Funds4Food Covid-19 fundraiser

World’s largest cap intro event goes live as top allocators and managers come together for Funds4Food Covid-19 fundraiser

The largest capital introduction event in history has gone live today (15 June) with the launch of Funds4Food, a two-week network of virtual one-on-one meetings between alternative asset managers and leading allocators that is raising funds to aid relief efforts for victims of Covid-19.

MARKETS

Pictet chief strategist cautious on equities rebound, warning on UK as materials and Japan offer value

Pictet chief strategist cautious on equities rebound, warning on UK as materials and Japan offer value

The current stock market rebound is “out of step with economic reality”, according to Pictet Asset Management’s chief strategist Luca Paolini. While the sustained market resurgence appears to have bolstered equity and credit-focused hedge funds’ returns during May, Paolini warned that hopes for a quick V-shaped recovery following the coronavirus downturn look “optimistic”.

CREDIT

Algebris credit hedge fund targets stressed debt opportunities, as winners and losers emerge from Covid-19 lockdown

Algebris credit hedge fund targets stressed debt opportunities, as winners and losers emerge from Covid-19 lockdown

Algebris Investments, a London-based multi-strategy credit and equities-focused hedge fund manager, is staking out alpha opportunities across a range of stressed credits which stand to gain from a resumption in activity post-lockdown.