Managers
Rhenman & Partners Asset Management, a Stockholm-based global healthcare-focused hedge fund firm, saw its flagship strategy rise in August thanks to a tentative recovery in the med-tech sector and signs of more M&A activity within healthcare stocks.
The Rhenman Healthcare Equity Long/Short Fund – which trades a range of small, medium and large pharmaceuticals, biotechnology, medical technology and service company names – added 4 per cent in its euro-denominated class in August. Its SEK share class meanwhile returned 3.75 per cent for the month, with the fund now up 3.5 per cent year-to-date.
Henrik Rhenman, CIO and founding partner, and
Hedge funds betting against Tesla have suffered their worst monthly hit yet, with negative wagers bringing a hefty USD9.5 billion of losses to short sellers in August – but recent turbulence in Elon Musk’s mega-cap electric carmaker this week may yet offer future hope for bearish investors.
Tesla – often dubbed the ‘world’s most shorted stock’ – accounted for most of the USD11 billion worth of losses posted by short sellers as a result of wayward bets against Nasdaq 100 firms last month.
New data from Ortex Analytics shows the USD9.5 billion Tesla hit suffered by hedge fund short sellers
By Donald A Steinbrugge (pictured), CFA, Founder and CEO, Agecroft Partners – The hedge fund industry is dynamic, comprising numerous strategies that attract varying degrees of interest over time. Demand for each strategy is impacted by many variables including capital market valuations, expectations of economic growth, market liquidity and risk appetite among others.
Industry professionals spend a great deal of time analysing these variables in order to identify which strategies they believe offer the best opportunities for outperformance. In this paper, we share some data and thoughts on where investors are focusing their time and resources starting with a brief
Sanne is now a signatory of the United Nations-supported Principles for Responsible Investment (UN PRI). The Principles for Responsible Investment (PRI) is recognised as the leading global network for investors committed to integrating Environmental, Social, and Governance (ESG) considerations into investment practices.
Karlien de Bruin, Head of ESG at Sanne, notes that through this commitment, Sanne pledges to uphold and promote the PRI principles. “Operating responsibly is a core part of our business as we continue to embrace and engrain ESG principles into our daily work lives.
“As a global business Sanne has an impact on people all over the world
Some quantitative trend-following hedge funds may be caught in a pincer movement between continued lukewarm performance on one side and ongoing investor aversion as a result of allocators being unable to perform deeper on-site due diligence on the other.
Computer-driven CTAs have posted somewhat patchy performances in recent months after starting the year strongly.
Trend followers were able to gather strong momentum following March’s historic market crash by locking onto a series of sharp moves in commodities and currencies. More recently, though, many hedge funds running these strategies have stumbled in the face of a strong market surge over the
Hedge fund managers running a range of investment strategies rose again last month, with August’s gains capping the strongest five-month run for the industry in more than 20 years.
The HFRI Fund Weighted Composite Index – an investable barometer of the broader hedge fund industry published by Hedge Fund Research – was up 2.67 per cent last month.
In the five months since April, following Q1’s coronavirus meltdown, the index has surged 15.4 per cent – the strongest five-month total return for hedge funds since February 2000. That puts its index value to an all-time high of 15,093.
Year-to-date, the
William Callanan – a veteran of the investment management industry and a global macro hedge fund specialist, whose resume includes stints at Soros Fund Management and Fortress Investment Group – is capitalising on evolving outsourcing trends with Syzygy Investment Advisory, a novel advisory unit that provides an outsourced chief strategy officer role to an assortment of institutional investors, hedge funds and family office clients.
Launched in April last year, London-based Syzygy’s core focus is on generating alpha across a range of global macroeconomic themes and ideas, investing in currencies, interest rates, commodities and public-traded equities on a long/short and long/only basis.
“We
Hedge fund specialist Theta Capital Management has launched a new multi-manager fund vehicle for investors to access distressed credit market opportunities. Theta Capital has been waiting for the right time to capitalise on distressed markets and with Covid-19 causing such dislocation in the global economy, the firm feels now is the right time to invest with a select number of distressed managers.
The European Energy Exchange (EEX) intends to enable negative prices on its natural gas spot markets as of 1 October 2020, following a number of key price fluctuations which have taken place in the market over the recent months. Driven by EEX’s committment to always provide its customers with state-of-the-art services and support – as market-based solutions for trading, balancing or pricing – the move will allow the exchange to handle any price scenario that may arise in the future. The activation date has been set in coordination with regulators, infrastructure operators and trading participants to ensure a smooth implementation in
The Investment Consultants Sustainability Working Group has been formed by twelve UK investment consulting firms to improve sustainable investment practices across the investment industry.
