Funds
York Capital Management (York), a global private investment firm, and Kennedy Lewis Investment Management (Kennedy Lewis), an opportunistic credit manager, have formed a strategic partnership to form a new entity to be called Generate Advisors.
Read the full story at Private Equity Wire…
Sir Paul Marshall, co-founder of UK hedge fund giant Marshall Wace, and ex-Goldman Sachs Asset Management chairman Lord Jim O’Neill are demanding an overhaul of Manchester United’s corporate structure to give supporters more say in the club’s affairs following this week’s European Super League fiasco.
A new ESG-focused distressed and event driven credit hedge fund run by US manager DSC Meridian has launched with backing from Investcorp-Tages, the asset management seeder.
The Climate Action Fund builds on DSC Meridian’s flagship Credit Opportunities Fund, using an ESG (environment, social, governance) overlay with a specific focus on decarbonisation. The strategy aims to strengthen overall risk management through corporate engagement, unlocking idiosyncratic ESG value and aligning portfolio companies with climate standards set by the Paris Climate Agreement and UNPRI.
Founded in 2018 by Sheru Chowdhry, ex-head of credit research & co-portfolio manager of the Paulson Credit Fund, DSC
Hedge fund flows reversed course in February with USD9.0 billion in redemptions, following USD30.5 billion in industry inflows a month earlier.
February’s redemptions represented 0.2 per cent of industry assets, according to the Barclay Fund Flow Indicator published by BarclayHedge, a division of Backstop Solutions.
A USD42.8 billion monthly trading profit brought total hedge fund industry assets to nearly USD4.03 trillion as February ended.
Despite the month’s industrywide trend, most hedge fund sectors actually experienced net inflows in February, with data from 6,900 funds (excluding CTAs) in the BarclayHedge database showing Fixed Income funds setting the pace with USD8.9 billion
Enko Capital: Best Credit Hedge Fund — Hedge funds must find creative ways of demonstrating their skill and ability to solve the issues their clients face. The infrastructure they employ will also be thrown into the foreground as the sector steels itself to face the challenges ahead.
“As hedge funds continue to adapt to changes caused by Covid-19, the infrastructure firms employ will have to continue to be relevant and sufficient. Alongside this, firms will have to keep up with the increased levels of reporting and regulatory requirements that institutional investors expect,” comments Craig Stanley, CFA, Chief Operating Officer, Enko
BNP Paribas Capital Partners: Best Multi-Manager Fund – Multi-Strategy (<USD500 million) –The past year highlighted the importance of having a broad range of offerings and services. Having the ability to move investments across all strategies and rotate from quantitative to discretionary, from liquid to distressed, from one asset class and geography also proved to be key to constructing robust portfolios. This is especially relevant as the environment for hedge funds remains positive.
The industry has obviously been impacted by the pandemic and the dispersion of performance has been unprecedented throughout the industry. Asset raising has been somewhat difficult.
“In in
Adrigo: Best Emerging Manager Fund – Equity Strategies – Aligning investor expectations with managers’ long-term strategy through diligent and insightful communications is critical to overcoming the challenge of attracting long-term capital.
Notz Stucki: Best Multi-Manager Fund – Equity Hedge – Active fundamental investment has retaken the leadership role in the asset management industry and alpha generating, star managers can now stand out.
“Neither quant managers nor passive investment strategies have been able to deal with the capital market volatility as well as active hedge fund managers who were beating the overall indexes by a wide margin,” observes Angel Sanz, CIO, Notz Stucki Group.
In the tumultuous environment, the firm was more active than ever. Initially, it followed the stay-at-home strategy, overweighting investments linked to health care, digitalisation and cleaner energies. After
Hedge Invest: Best Liquid Alternative Fund – Credit Hedge – As the market environment is expected to become more volatile, asset managers who can rely on truly absolute return strategies and deep fundamental analysis should outperform.
“Deep intelligent research is the necessary condition of all our investment decisions. Especially in view of the increasing volatility and challenging market movements we anticipate,” Filippo Lanza, chief investment officer at Numen Capital, observes. “In recent years, at Numen, the subdelegated manager for Hedge Invest, we have developed our fintech platform. This allows us to remotely share research and analysis across our team, relying on
Rhenman & Partners: Best Global Equity Hedge Fund – Specialist managers are likely to be in a favourable position going forward, as investment trends can be expected to benefit a focused approach.
“Specifically, in the long/short equity space, specialist managers can be expected to grow their market share at the expense of broad funds, covering multiple sectors managed by generalists,” comments Carl Grevelius, founding partner and head of investor relations at Rhenman & Partners.
The firm manages a specialist fund in the healthcare sector with a strong focus on innovation in the different sub sectors within that. Grevelius is confident Rhenman &
