Funds
By Gregory Marose – As hedge funds across the globe continue to face fee compression and performance headwinds, there’s a compelling rationale for managers to open up the equity activism playbook. Fund managers with the right expertise and resources can act as their own catalyst for value creation while showing current investors and prospective allocators that they’re able to generate alpha in a differentiated manner. There are even some potential tailwinds for managers to capitalise on right now.
First, large institutions are increasingly comfortable putting capital into strategies that employ frequent or periodic equity activism. This comfort level may even rise
The Eurekahedge Hedge Fund Index gained 0.84 per cent in November, supported by the strong performance of the global equity market as represented by the 2.76 per cent gain recorded by the MSCI ACWI (Local).
Market optimism towards the progress of the US-China trade talks, combined with strong corporate earnings season pushed US equities to new highs during the month. European equities also posted gains throughout the month as Germany narrowly avoided recession and pushed the DAX 2.87 per cent higher over the month.
Over in Asia, the passage of the Hong Kong Human Rights and Democracy Act toward the
Arabian Bourse (ABX), which has received In-principal Approval from the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) top operate as a crypto asset exchange and custodian, has received a double digit multi-million dollar investment from HBK-GoChain.
This strong partnership brings together a digital asset market place, a blockchain technology platform and strategic investment. The ABX and HBK-GoChain ecosystem will ultimately act as a bridge, integrating the region’s digital assets activity with other major digital asset centres around the world.
ABX is implementing the GMEX-powered hybrid centralised & blockchain distributed ledger technology suite, which is deployed and
Murano’s Ole Rollag (pictured) reflects on the past year and makes his predictions for hedge funds in 2020…
It has been another challenging year for the hedge fund industry – asset flows were negative for the sixth consecutive quarter according to HFR data – and yet many managers seem positive overall.
We note both a more defensive view amongst many institutional investors and a better understanding within the asset management complex of what a hedge fund can and cannot do.
However, this comes with stark warning signs as many managers have yet to demonstrate their skills when a real bear
Neuberger Berman has launched the Neuberger Berman Macro Opportunities FX Fund, which aims to deliver positive returns of 5-6 per cent in excess of cash per annum before fees, primarily by exploring relative value across G10 currencies.
The fund’s investment strategy is based on an established process, which has a track record of producing returns with a low correlation to equities, bonds and alternatives, demonstrating particularly strong resilience in adverse market conditions.
Ugo Lancioni, Neuberger Berman’s head of currency management, is responsible for the Neuberger Berman Macro Opportunities FX Fund, with additional support from a dedicated team of five investment
Risk concentration in investor portfolios has been building in a prevailing ‘risk-on’ environment, leading to substantial growth in global equity markets over the past decade. There are numerous reasons for this, led principally by the decisive action of central bankers to print money through quantitative easing. This has led to an artificial suppression of market volatility causing equities to boom and fixed income yields to head into unparalleled negative territory.
However, such a concentration of risk represents a potentially significant source of volatility, should the markets switch to a ‘risk-off’ regime in 2020. And for systematic equity funds, that is
Geneva-based group Notz Stucki has acquired the Geneva-based alternative management company JAM Research, a provider of hedge fund investment services to wealthy private clients.
Founded in 2002 by Alexis Sautereau, JAM Research specialises in the analysis and selection of hedge funds with a view to building multi-strategy portfolios that generate a consistent absolute performance.
Alexis Sautereau has more than 20 years’ experience in a variety of financial sectors. He began working in options and equities trading before moving into technology consulting and then corporate finance. In 1999, he joined Unigestion, one of the European leaders in alternative management, and became
Heading into year-end, hedge funds extended their run of positive performance in November with broad-based gains across all strategies, led by the high-beta exposure sub-strategies, Healthcare, Technology, and Fundamental Value.
The HFRI Fund Weighted Composite Index gained +1.2 per cent in November, as optimism regarding US economic growth outweighed risks and negative sentiment around trade/tariff negotiations and impeachment proceedings, according to data released today by HFR.
The HFRI 500 Fund Weighted Composite Index, an investible index of 500 leading hedge funds, advanced +0.8 per cent in November, while the HFRI-I Liquid Alternative UCITS Index added +0.43 per cent, led by
First Eagle Investment Management (First Eagle) is to acquire THL Credit Advisors, an alternative credit manager with approximately USD17 billion in assets under management as of 30 September, 2019.
The acquisition complements First Eagle’s established alternative credit platform, solidifying its place among the leaders in both tradable credit and middle-market direct lending.
First Eagle is an independent, privately owned investment firm with approximately USD99 billion in assets under management as of 30 September, 2019. The acquisition of THL Credit will expand the range of differentiated investment solutions First Eagle offers to institutional and retail investors worldwide while strengthening its partnerships
Following two challenging months, all SG CTA indices were back in positive territory in November with the SG CTA Index closing the month at +0.87 per cent as 14 out of 20 constituents were positive and cemented their gains YTD, up at +6.93 per cent.
Short-term CTAs led performance as eight out of ten constituents were positive driven by more favourable market conditions. The short-term CTA Index was up +1.25 per cent for the month and +3.33 per cent YTD.
Trend followers extended gains from continued upward trends in equity markets and US Dollar, as the American stock market reached new all-time highs.
