“Net long-bias with teeth” is how Paul Wick, lead portfolio manager of the sector-specialist Seligman Tech Spectrum, describes the strategy’s positioning in the market.
London-based global long/short equity hedge fund Pembroke Emerging Markets is rolling out a UCITS version of its Cayman strategy to tap into growing investor demand for uncorrelated emerging markets exposure.
Long-short equity hedge fund Argonaut Capital is eyeing a potential “treasure trove” of short opportunities in previously well-regarded stocks, as the changing inflationary environment and opening up of economies impacts markets.
Hedge fund short sellers continue to target global oilfield services provider Petrofac, which has suffered a USD180 million annual loss and falling revenues amid an ongoing fraud investigation.
New analysis from ETF provider GraniteShares, which offers a range of 3x short and 3x leveraged ETPs on popular UK and US stocks, reveals that as of 15 April 2021, Cineworld Group, the world's second-largest cinema chain, was the most shorted UK listed company.
Cineworld, a long-standing target of hedge fund short sellers, saw its share price plummet on Thursday after the group slumped to an eye-watering USD3 billion pre-tax loss last year as a result of the coronavirus pandemic.
Aberdeen Standard Investments is bullish on event driven merger arbitrage hedge funds amid a surge in deal volumes, while equity long/short and activist managers are also tipped to capitalise on the continued fallout from the coronavirus pandemic.
Industrial metals and bulk materials stand to gain from the nascent post-Covid economic recovery according to metals and mining-focused hedge fund Delbrook Capital, while precious metals trades – an investor favourite during market uncertainty – could be starting to run out of steam.
Hedge funds’ bearish bets against Cineworld suffered a dent this week as shares in the beleaguered London-listed global cinema chain – a long-standing target of short sellers - surged more than 9 per cent.
“Fundamental shift”: Hedge fund short-sellers suffer big FTSE losses as Reddit GameStop phenomenon hits UK markets
Hedge funds have lost some USD325 million betting against FTSE 100 names over the past month, with retail investors driving shorted stocks higher as the GameStop effect reached UK shores.