Funds
2020 has been a reminder that unforeseen circumstances can cause even the most stable of investment environments to switch quickly into being unpredictable and volatile.
Rhenman & Partners Asset Management says it is closing its Rhenman Global Opportunities L/S strategy and intends to return capital back to investors.
The fund – a global equity-based strategy which trades long and short across all industries and sectors, with a focus on value-oriented companies – has struggled with performance throughout 2020.
The strategy, which has an annual return target of 7-8 per cent – is down more than 23 per cent over the 10-month period since the start of this year.
In a statement, the Stockholm-based firm – known for its healthcare-focused investments – thanked all those investors who
Diligend, a financial data collection and analysis software provider, has laucnhed an ESG and Diversity disclosure module for Limited Partners (LPs), General Partners (GPs), consultants, fund of funds, fund managers and fund administrators. Read the full story at Institutional Asset Manager
The recent stock market “exuberance” sparked off by breakthroughs in Covid-19 vaccine trials may give way to disappointment next year, says Argonaut Capital CEO and CIO Barry Norris, who continues to build short positions in a number of drug companies, including AstraZeneca, amid continued uncertainty over efficacy and dosage in its trial process.
IS Prime has reported strong growth for the sixth consecutive year, with a 30 per cent increase in turnover y/e 31 March 2020.
Reported figures from the London-headquartered FCA regulated Prime of Prime broker show a rise from GBP27.6 million y/e 2019 to GBP36 million y/e 2020.
IS Prime’s operating profit almost tripled from GBP5.9 million to GBP17.6 million, which is largely attributed to client growth combined with increased efficiencies from its highly scalable proprietary systems. Net assets for y/e 20 remained at GBP10.7 million.
IS Prime, founded in 2014, is part of the ISAM Capital Markets Group,
Union Bancaire Privée (UBP) has signed an exclusive partnership with fintech-driven alternative credit investment manager Fasanara Capital (Fasanara) to launched the Trade and Receivable Finance Fund, a real-economy impact investment solution.
The fund aims to deliver absolute returns with very low volatility and correlation to markets in an open-ended, income-distributing alternative fund format. It seeks to achieve its objective by investing primarily in short-term, investment-grade, corporate trade receivables and digital invoices bought from SMEs from around the globe with a core emphasis on Europe.
Fasanara is a London-based institutional asset manager, a leading player in the European market of fintech-originated
ADM Capital, a Hong Kong headquartered investment manager with specialist experience in Asia Pacific credit and sustainable investment, has received a USD100 million seed commitment from the Asian Infrastructure Investment Bank (AIIB) to launch a new USD-denominated Asia-focused debt fund dedicated to renewable energy called the “ADM Capital Elkhorn Emerging Asia Renewable Energy Fund”.
RWC Partners has launched the TM RWC Global Equity Income Fund, within a UK OEIC structure, and will shortly launch the RWC Global Equity Income Fund for SICAV investors, with both to be managed by Nick Clay and his team.
Gary Tuffield, Head of European Distribution at RWC, says: “Nick, Andrew, Colin and Robert have created a market leading proposition, which has been endorsed by their clients over many years, and one that we believe is highly relevant for investors today.
The coronavirus has been very damaging to the corporate sector, with many companies cutting or withholding dividend payments
Since launching in early 2018, Pembroke Emerging Markets – a London-based global long/short equity hedge fund led by former Goldman Sachs trader Sanjiv Bhatia – has capitalised on demographic shifts in emerging economies with a fundamental, bottom-up stock-picking style which uses convexity plays to boost alpha generation.
Markets look set to remain in a “sweet spot” of heightened volatility – driven by Covid-19 uncertainty and the fallout from the US presidential election – offering a wealth of opportunities for alpha-focused strategies.
