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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
The global hedge fund industry is successfully weathering the global coronavirus pandemic, with firms continuing to build talent and utilise technology to adapt investor relations and ops functions, according to extensive new industry research by the Alternative Investment Management Association and KPMG.
The report, titled ‘Agile and Resilient: Alternative Investments Embrace The New Reality’, quizzed some 144 hedge fund managers globally, representing around USD840 billion in assets under management.
The wide-ranging study explored how hedge funds’ hiring strategies have been shaped by the coronavirus pandemic, along with how operating models, core processes, cost structures and work environments have been affected.
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
Arcesium, a global financial technology and professional services firm delivering solutions to hedge funds, banks, and institutional asset managers, has opened an office in London.The firm also announced that Chris Barrow has been appointed as the Head of Business Development for Europe, to be based in the new London office.
Chris has more than 20 years of experience in law, banking, and financial technology. He started his career as a lawyer, specialising in banking and capital markets, and then moved into business development roles focusing on hedge funds and asset managers. Chris has led the global sales teams for
Enfusion, a provider of cloud-based investment management software, has appointed Lorelei Skillman as Chief Marketing Officer. With over 20 years of transformative marketing experience in the financial services sector, Skillman will lead Enfusion’s global marketing and communications initiatives, working alongside the organisation’s executive leadership team to expand and evolve its brand, footprint, and bottom-line impact.
Skillman’s appointment is part of the ongoing expansion of Enfusion’s executive leadership team with other recent new hires including Thomas Kim joining as CEO in March and Julie Nagle, Steven Bachert and Steve Dorton joining as Chief People Officer, Chief Revenue Officer and Chief Financial
Brevan Howard, a high-profile global macro hedge fund manager founded by Alan Howard, has strengthened its global business development team with a quartet of appointments in the US, Europe and Asia, with hires from well-known hedge fund firms including Exodus Point Capital Management and Bluecrest.
Natalie Smith has joined in New York as head of strategy, with an investor-focused mandate within directional and relative value macro investing. Smith joins from Commonwealth Asset Management.
Peter Hornick, who was previously at Exodus Point Capital Management and Millennium Management, has been named head of business development for Brevan Howard Alpha Strategies (US) in
CME Group is to launch a new FX Options Vol Converter tool to price CME Group’s listed FX options liquidity in over-the-counter (OTC) terms, helping foreign exchange traders to more easily monitor price relationships, make more informed decisions across markets, and ensure best execution for their trading strategies. CME Group’s listed markets have the largest central limit order book for FX options. This tool takes the extensive price data that is already functionally equivalent to OTC options, with alignments in style, expiration time, and underlying price convergence and creates a volatility grid by tenor and deltas for comparison purposes.
“Our new
Total assets under management for Europe-based alternatives funds have reached EUR2.00 trillion for the first time as of the end of 2019, according to Preqin’s 2020 Alternative Assets in Europe report, produced in partnership with leading European asset manager Amundi.This is up from EUR1.79 trillion at the end of 2018, and EUR1.39 trillion at the end of 2015.
The UK is the largest market, with EUR1,180 billion in AUM, followed by France (EUR242 billion); since the beginning of the year, Germany overtook the UK as the most active private capital market by total deal value for the first time.
Covid-19
Tether, a blockchain-enabled platform that powers the largest stablecoin by market capitalisation, and Solana, the world’s first web-scale blockchain, have announced a new initiative that will integrate tether (USDt) into the Solana network.According to Solana, it will be possible to exchange USDt at speeds greater than 50,000 transactions per second—often for less than USD0.00001 per transaction—marking a major advance in the quest for high-speed decentralised finance (DeFi) applications.
“Tether is the life blood of DeFi, and an important pillar of the crypto community at large. In order for developers to leverage the real potential of Solana, an integration with USDt
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
