Funds

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.

FUND PERFORMANCE

New industry data reveals “significant” gulf between gains and losses among largest hedge funds

New industry data reveals “significant” gulf between gains and losses among largest hedge funds

Hedge fund managers have experienced “significant” performance dispersion over the past 12 months, with the biggest funds seeing the largest gaps between gains and losses, new industry data shows, once again underlining the importance of investor due diligence in separating winners from losers.

FUND PERFORMANCE

Hedge fund strategies soar: Industry enjoys biggest annual return since Global Financial Crisis, as managers weather 2020 storm with double-digit surge

Hedge fund strategies soar: Industry enjoys biggest annual return since Global Financial Crisis, as managers weather 2020 storm with double-digit surge

Hedge funds weathered the political, social and economic shocks brought about by the global pandemic and frequent bursts of soaring volatility to score a near-12 per cent return last year – their best since 2009 – outperforming both the Dow Jones Industrial Average and FTSE 100, new data from Hedge Fund Research shows.

FUND PERFORMANCE

CTAs rise to best monthly gain in five years as managed futures hedge funds end 2020 in “spectacular” style

CTAs rise to best monthly gain in five years as managed futures hedge funds end 2020 in “spectacular” style

Trend-following hedge funds and managed futures strategies enjoyed a storming finish to what was ultimately a turbulent and unpredictable year for the sector, with Société Générale’s CTA indices ending 2020 in positive territory following strong December performances.

SHORT-SELLING

Hedge funds profit from AstraZeneca fall, but FTSE short sellers face continued challenges in 2021

Hedge funds profit from AstraZeneca fall, but FTSE short sellers face continued challenges in 2021

Hedge funds have made gains from bets against AstraZeneca and GlaxoSmithKline in recent weeks – but bearish managers lost more than USD600 million on FTSE 100 shorts at the end of the year, with short sellers facing continuing “unpredictable swings” in 2021.

FUND PERFORMANCE

Swedish hedge fund pioneer Brummer steers through “great concern and high volatility” with double-digit annual return

Swedish hedge fund pioneer Brummer steers through “great concern and high volatility” with double-digit annual return

Stockholm-based multi-strategy hedge fund firm Brummer & Partners’ flagship vehicle gathered further pace towards the end of the year, as strong performances in its stock-picking and trend-following funds during December powered the long-running manager into double-digit territory for the year.

FUND PERFORMANCE

Trend-following hedge fund specialist Metori Capital scores double-digit gain amid 2020’s upheaval

Trend-following hedge fund specialist Metori Capital scores double-digit gain amid 2020’s upheaval

Paris-based systematic CTA specialist Metori Capital’s Lyxor Epsilon Global Trend Fund is building long positions across US and UK fixed income, US and Japanese equities, and in the euro at the start of 2021, having generated a strong annual double-digit gain last year amid extreme market conditions and record volatility.