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Investors are slashing their exposure to hedge fund products at the “worst possible time”, says Man Group’s Pierre-Henri Flamand, amid signs that the long bull market run is starting to run out of steam – throwing up new opportunities for actively-managed strategies.
In spite of a strong year for hedge funds in 2019 – up more than 10 per cent for the year, their best performance in a decade – they were still comfortably outflanked by equity benchmarks, with the S&P 500 climbing more than 31 per cent as the stock market sustained its strong momentum.
Now, though, Flamand – Man GLG’s
The surge in appetite for ESG-themed trades could be leading investors to ignore investment fundamentals – potentially fuelling a ‘90s-style tech bubble, RWC Partners has warned.
The increase in awareness of climate change has prompted allocators to pile into ESG-positive names in recent years, sending share prices soaring, while certain stocks seen as non-ESG friendly – such as tobacco – have tumbled.
But Graham Clapp, portfolio manager of the RWC Continental European Equity Fund, believes the push towards ESG may create bubbles similar to the tech boom of the late 1990s. By the time the tech bubble eventually burst in
Hedge fund managers returned 0.07 per cent in January 2020, recording their weakest January since 2016, according to data released by Eurekahedge.
QuantConnect has launched free trial periods for all algorithms listed on the Alpha Streams alpha marketplace. Institutional clients can now try out the algorithms on Alpha Streams and prove their theories before paying to license them for a longer period.
QuantConnect provides its community of quants access to financial data, colocated infrastructure, and a coding environment where they can research, backtest, and live trade algorithmic trading strategies. Quants then have the opportunity to make these alphas available for licensing by Alpha Streams clients, which comprise leading US quantitative hedge funds with an aggregate AUM of more than USD50 billion.
During a
Spanish value manager Azvalor has appointed Paul Gait as a Senior Analyst in the UK. Gait joins Azvalor from Sanford Bernstein where he’s been working in a similar role in Metals and Mining since 2011.Gait began his career in financial services in 2000 as a Business Analyst at McKinsey & Company, he was then recruited by the HM Treasury as a Tax Policy Advisor before joining Anglo American in 2003. He left Anglo American in 2011 to join Sandford Bernstein.
Gait holds a double 1st bachelor’s degree in Natural Sciences and a master’s degree in Experimental & Theoretical Physics from
LFIS has launched the LFIS Vision – Global Derivatives Opportunities Fund , a highly-diversified derivatives arbitrage strategy that seeks to profit from dislocations in implied parameters to generate all-weather, absolute returns. The Fund leverages LFIS’ investment approach which blends quantitative and qualitative analysis, and the firm’s complete investment infrastructure and proprietary pricing models which are close to those of an investment bank. The result is a fund with multiple dimensions of diversification, across asset classes, including equities, interest rates, currencies and commodities; geographies, including the US, Europe and Asia; and instruments, including vanilla puts and calls, variance swaps and various bespoke derivatives.
Kepler Cheuvreux, an independent European financial services firm specialising in research, execution services and advisory services, is implementing big xyt’s Analytics including Transaction Cost Analysis (TCA).big xyt takes execution analytics beyond Transaction Cost Analysis (TCA), transforming the traditional view of TCA with data science; applying advanced techniques to increase quality and deliver consolidated data views for its clients. TCA has transitioned away from being a routine compliance solution to being a critical business function. big xyt says its solutions capture, normalise, collate and store trade data at a granularity that has not previously been available in the market.
Kepler
Eversheds Sutherland has been named Best Law Firm at the HedgeWeek European Awards 2020. The annual awards recognise excellence among hedge fund managers and service providers across Europe. The nominations are based on a ‘peer review system’ whereby readers, are invited to elect a ‘best in class’ in a series of categories.
The Hedgeweek European Awards 2020 recognise excellence among hedge fund managers and service providers, and celebrate the achievements of firms that contributed to another significant year for the sector.
Global Digital Finance (GDF), an industry body advocating and accelerating the adoption of digital assets, has partnered with Washington-based advisory and advocacy firm FS Vector, and made four new senior appointments.
John Beccia of FS Vector will lead US Regulatory Affairs for GDF. European public policy specialist Lavan Thasarathakumar of Thasa Consulting, who is also a consultant at GDF founding member Hogan Lovells, will take ownership of EMEA Regulatory Affairs.
Malcolm Wright, Chief Compliance Officer of digital asset financial services and advisory company Diginex, has been elected Chair of the GDF member based Advisory Council. He is joined by
