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The Managed Funds Association, an association for the alternative asset management industry, has released a research report showcasing the important role short selling can play in advancing ESG goals.
The report, “The Use of Short Selling to Achieve ESG Goals,” was produced in conjunction with Copenhagen Economics.
The paper quantifies how short selling can contribute to increasing the cost of capital for high-emissions public companies and can serve as a tool to incentivise corporate management to take more sustainable approaches. It also demonstrates how short selling can be an effective tool to hedge against the portfolio risks associated with
Hedge funds are spreading misinformation by claiming they have the backing of the largest US unions in their ‘fight’ against new financial regulations, according to a report by The Financial Times.
Following the collapse of Archegos Capital Management, the Securities and Exchange Commission (SEC) has proposed a raft of new rules and measures aimed at increasing transparency in stock markets including stopping investors – including hedge funds – from using swaps to secretly build up holdings in public companies without disclosing their positions, and halving the amount of time investors have to reveal large stock holdings.
The report says that
Quantitative investment firm Quest Partners (Quest), which manages over $2.5 billion of assets on behalf of some of the world’s largest institutions, has appointed Mike Harris as president.
In this role, Harris will lead all functional areas at Quest, reporting directly to Founder and Chief Investment Officer, Nigol Koulajian. He will also be a key member of Quest’s management committee.
Quest’s strategies seek to generate large, positively skewed returns while maintaining a long-volatility profile with strong hedging characteristics, particularly during tail events that cause surprise losses in hedge fund and equity portfolios.
Akin Gump has appointed Dasha Sobornova as a partner in the firm’s London office. Sobornova joins Akin Gump from Mayer Brown, where she was a banking and finance partner, leading the firm’s European collateralised loan obligation (CLO) practice.
With a particular focus on CLO transactions, Sobornova’s practice involves advising arrangers, investment managers and issuers on a wide range of structured finance work.
She brings to the firm and its clients in-depth knowledge in EU and U.K. securitisation regulation, acting as a transactional regulatory advisor in connection with a wide variety of securitisation structures.
Los Angeles-based hedge fund AlphaTriAI is rising funds for two new portfolios which will aim to reduce the volatility of the digital assets by investing in a broad range of popular cryptocurrencies, including bitcoin and ether, according to a report by Financial Review.
Both bitcoin and ether have suffered sharp drops in value recently during a broader period of digital assets volatility, but the new portfolios will employ AI to to identify potential future growth periods for up to 40 cryptocurrencies and then spot when technical factors indicate near-term selling pressure so that holdings cab be shorted accordingly.
One of
Neuberger Berman, a private, independent, employee-owned investment manager, has appointed Manuel Kalbreier, as managing director and head of alternative specialists, EMEA Institutional.
Fulcrum Asset Management has launched two new Cayman-based strategies, the Fulcrum Inflation Protection Strategy (FIPS) and the Fulcrum Discretionary Macro Strategy (FDM).
Both are managed by Fulcrum’s CIO, Suhail Shaikh, and supported by a team of around 40 investment specialists covering all major asset classes. FIPS launched with $400 million and FDM with $50 million.
The investment objective of FIPS is to provide strong positive returns in the event of significantly higher than expected global inflation that results in low returns to traditional assets. The Fulcrum Discretionary Macro Fund meanwhile, ‘mirrors’ the £700m segregated mandate that Fulcrum won last
The gross return of the SS&C GlobeOp Hedge Fund Performance Index measured -1.30% in in May.
Outsourcing, budgets, and the quant-vs-discretionary debate loom large over the US start-up process, with seeders, platforms and pods becoming increasingly important for fledgling funds.
Investcorp-Tages has launched Selwood Asset Management’s latest fund on its UCITS platform.
