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Technology is elevating the quality and scale of primary research – allowing managers to undertake in-depth, high quality research at a pace and breadth not previously possible. By conducting expert surveys through specialist firms, investment managers can reach a greater number of professionals in a fraction of the time, and collect reliable data they can use to form the basis of their investment decisions.
Contrarian investment managers are in the frame given the current macro-economic environment. In times of turmoil, such investors benefit from turns in the market which see previously unloved investments coming back into favour. This setting also highlights the importance of identifying true alpha generators.
Hedge funds raced to cover their Treasury short positions ahead of the release of inflation data for December as speculation mounted about a looming recession and a slow down in rate hikes, according to a report by Bloomberg.
China’s sudden easing of its strict Zero Covid restrictions and the stock market rally that followed, helped prevent Asia hedge funds from chalking up their first year of double-digit losses since the global financial crisis of 2008, according to a report by Bloomberg.
A host of big name funds, including those run by Aspex Management, Triata Capital, Yunqi Capital and Brilliance Asset Management, cut a significant proportion, if not all, of their 2022 losses during the final two months of last year.
The report cites data from Eurekahedge Pte as revealing that regional hedge fund returns finished the year down
Larger hedge funds outperformed their smaller peers last year for the first time since 2018, according to a report by the Wall Street Journal.
As evidence, the report cites the performance of the HFRI Fund Weighted Composite Index, which gives equal weight to funds of all sizes, and fell -4.25% in 2022, and the HFRI Asset Weighted Composite Index, which gives more weighting to the larger funds, and rose 0.97%.
This marks a turnaround from recent years when smaller funds have bettered their bigger brethren. The composite index rose 10.16% in 2021, compared with a 7.39% gain for the asset-weighted
Crypto currency trading hedge funds tracked by index provider BarclayHedge ended 2022 down almost 50%, according to a report by Reuters, with the fallout from the collapse of Sam Bankman-Fried’s cryptocurrency exchange FTX still impacting the industry.
The report cites the Cryptocurrency Traders Index, an index of 47 firms – the names of which are kept secret by BarclayHedge – as having seen a loss of 47% for the year.
Despite last year’s big decline though, the index has seen worse performance during the last five years, with losses topping 60% in 2018.
Talos, a provider of institutional digital asset trading technology, has partnered with digital assets fund administrator Formidium, providing its institutional investor clients with access to Formidium’s digital assets and tax accounting platform.
With the Securities & Exchange Commission proposing tighter cybersecurity requirements for hedge funds and other asset managers, Cole-Frieman & Mallon LLP, a boutique law firms serving the investment management industry, has launched a new cybersecurity law practice.
Cole-Frieman & Mallon says the new practice, which is dedicated to advising investment managers on their cybersecurity obligations, will be led by former partner and cybersecurity expert John Araneo, who has rejoined the firm’s New York office.
The firm’s move comes as new cybersecurity regulations continue to surge, a trend illustrated by the SEC’s proposed Cybersecurity Risk Management Rule, which introduces an entirely
Trian Fund Management, the activist hedge fund investment firm currently pushing for changes plus a seat on the board at Walt Disney Co, lost 10.6% last year as many hedge funds incurred losses on the back of market volatility, according to a report by Reuters.
Chinese equities are set to outperform their global peers during the first six months of this year as China fully reopens following the lifting of the country’s strict Zero Covid restrictions, according to hedge fund Carrhae Capital.
While the firm’s £322 million long-short strategy returned 15.3% last year, after fees, the report cites Singapore-based data provider Eurekahedge Pte as revealing that by comparison, emerging-market long-short equity hedge funds overall lost about 7% in the same period.
According to Ali Akay, Carrhae Capital’s London-based chief investment officer, the fund’s 2022 returns came on the back of long and short bets on
