Funds

RETURNS

Multi-manager hedge fund Brummer continues positive run in 2020, as equities, credit and macro drive H1 profits

Multi-manager hedge fund Brummer continues positive run in 2020, as equities, credit and macro drive H1 profits

Brummer & Partners, the Stockholm-based multi-strategy hedge fund firm, has generated positive returns for the first half of 2020, with US long/short equity, credit and macro strategies all driving performance in its flagship strategy in recent weeks.

SURVEY

Credit Suisse survey: Hedge funds now top choice among investors, as appetite soars in 2020

Credit Suisse survey: Hedge funds now top choice among investors, as appetite soars in 2020

Hedge funds have emerged as the top pick among asset allocators heading into the second half of 2020, outflanking other products such as private equity and real estate as investors’ asset-class-of-choice, according to new data from Credit Suisse, which showed hedge funds have met or exceeded the expectations of some two-thirds of investors so far in 2020.

NEWS

Wirecard short-sellers showed “bravery and belief”, as hedge funds vindicated by scandal-hit firm’s demise, says AIMA CEO Inglis

Wirecard short-sellers showed “bravery and belief”, as hedge funds vindicated by scandal-hit firm’s demise, says AIMA CEO Inglis

Hedge funds that bet against Wirecard, the German e-payments firm which last week collapsed amid an apparent widespread EUR1.9 billion fraud, showed “bravery and belief” and their actions have ultimately been vindicated, according to Jack Inglis, CEO of the Alternative Investment Management Association.

NEWS

Intu short bets set to pay off for hedge funds as debt-laden retail operator calls in administrators

Intu short bets set to pay off for hedge funds as debt-laden retail operator calls in administrators

A number of hedge fund short-sellers look set to gain from troubled shopping centre operator Intu Properties’ fall from grace, with shares in the London-based real estate investment trust sliding again on Friday (26 June) following news that the debt-laden firm is due to enter administration.