Funds

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Long/short equity manager Phase 2 Partners launches with seed commitment from Texas Employees Retirement System and PAAMCO Launchpad

Long/short equity manager Phase 2 Partners launches with seed commitment from Texas Employees Retirement System and PAAMCO Launchpad

Phase 2 Partners (Phase 2), a new financials-focused long/short equity manager investing predominately in the US and Europe, has launched with nearly USD150 million in commitments from multiple investors, including a strategic partnership with leading institutional investors the Employees Retirement System of Texas (ERS) and PAAMCO Launchpad, a subsidiary of PAAMCO Prisma.

MANAGER INSIGHTS

Opportunities and inefficiencies: How activist hedge fund Bluebell Capital is reaping rewards with large-cap Euro focus

Opportunities and inefficiencies: How activist hedge fund Bluebell Capital is reaping rewards with large-cap Euro focus

Founded by a team of Italian former investment bankers, London-based activist hedge fund Bluebell Capital Partners has gained impressive momentum over the past year with its focus on listed, predominantly European large-cap companies.

FUND PERFORMANCE

Harvesting alpha: Brummer Multi-Strategy CEO Mikael Spångberg strikes optimistic tone after hedge fund soars

Harvesting alpha: Brummer Multi-Strategy CEO Mikael Spångberg strikes optimistic tone after hedge fund soars

Brummer Multi-Strategy CEO Mikael Spångberg says the fund is in a “good position” to deliver continued positive performance, after it posted its second-best annual performance to date – but he underlined the importance of generating alpha in the face of unpredictable markets.

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.

GLOBAL OUTLOOOK

Weathering the storm

Weathering the storm

2020 saw hedge funds successfully weather the political, social and economic turmoil brought about by the coronavirus pandemic to generate their biggest rise since 2009, at the height of the Global Financial Crisis.

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.

FUND PERFORMANCE

Healthcare hedge fund Rhenman gauges “crucial” impact of Biden administration’s planned reforms

Healthcare hedge fund Rhenman gauges “crucial” impact of Biden administration’s planned reforms

The incoming US administration led by Joe Biden will be a “crucial” factor looming large over the healthcare industry this year, with planned reforms heralding potentially far-reaching implications for healthcare stocks and drug prices, Rhenman & Partners Asset Management said this week.