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US hedge fund managers are paying increased attention to the incorporation of environmental, social and governance factors in their strategies according to a report by Pensions & Investments.
Investor demand though, remains below that seen in Europe.
The reports quotes ‘sources’ as saying that while the inclusion of one or more ESG factors or the creation of dedicated ESG fund has been the norm for some managers for several years, others are still are ‘evaluating’ ESG incorporation.
Anatole Investment Management Ltd’s flagship hedge fund has changed tack and adopted a more defensive investment stance in a bid to stem recent losses, according to a report by Bloomberg.
The SS&C GlobeOp Forward Redemption Indicator for May 2022 measured 1.97%, up from 1.48% in April.
“SS&C GlobeOp’s Forward Redemption Indicator for May 2022 was 1.97%, representing a decrease in termination notices compared to the 2.46% reported for the same period a year ago,” says Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies. “This reduction in terminations continues the recent favorable trend in hedge fund asset retention and is especially noteworthy as it comes in the wake of significant declines in equity and fixed income markets.”
With the ESG juggernaut gathering pace in financial markets, how hedge funds traverse short-selling challenges, tech advances, and the data “wild west” will be key to unlocking future returns.
Long seen as the preserve of traditional long-only buy-and-hold strategies, impact investing and sustainability-focused themes have gathered pace within the global alternative investment community over the past decade.
In times past, industry concerns centred around whether effective ESG implementation could ever be compatible with alpha generation. But as allocators place greater scrutiny on how their portfolios and investments can meet the expanding set of climate change, diversity and corporate governance challenges,
AXA Investment Managers (AXA IM) is to create AXA IM PRIvate Markets Enabler (AXA IM Prime), a business unit which would host the Private Markets Fund of Fund business that the groups investment teams have built since 2013 together with AXA IM Alts.
AXA IM Prime would gather indirect alternative investment expertise such as Primary and Secondary Private Equity and Infrastructure, General Partnership (GP) minority stakes, Private debt, Fund of Hedge Fund, Fund financing and Co-investments which would complement AXA IM’s current offer. For these activities, assets under management stand at c€20 billion as at end 2021, 12 of which
Turmoil in China’s stock markets could worsen significantly if portfolio losses force hedge funds to dump shares, according to a report by Bloomberg.
Bloomberg cites a report by China Merchants Securities Co which quotes an ‘industry data provider’ as revealing that last month approximately 2,350 stock-related hedge funds dropped below a threshold that typically activates clauses forcing them to reduce their exposures with many said to be close to a level that would force them to liquidate their holdings.
Though unusual in other markets, such rules are common in China having been introduced to protect investors from big losses.
State Street Digital, State Street Corporation’s dedicated digital division, has appointed Rob Otter as head of blockchain engineering and Nitin Gaur as digital technology strategy lead.
Otter, based in London reports to Aman Thind, Chief Technology Officer of State Street Digital. Gaur, based in Austin, Texas, will report to Otter.
In his new leadership role, Otter oversees the development and implementation of blockchain technology strategy across State Street Digital, identifying and executing on opportunities for innovation, and prioritising initiatives that will accelerate the division’s business goals.
Gaur will lead the technology strategy and architecture to drive the development of platforms
US-based CTA Drury Capital this month marks 25 years of trading its flagship Diversified Trend-Following Program.
The strategy, which was launched in 1997 by commodities trader and analyst Bernard Drury, was designed with a focus on the importance of commodities in the global economy, including their vulnerability to shocks and their interaction with financial markets. The programme has delivered favourable results over 25 years.
In addition to performing well in times of growth, the programme has shown itself to be resilient through hardship as well and managed to survive the dot-com bubble (up 15.8% in 2000) and even to thrive
Alpha Theory, a portfolio management and decision process platform for the alternative investment industry, has added fintech industry veteran Jaime Bean to its sales and business development team.
Bean brings nearly two decades of business development and technology experience, having held senior roles at fintech companies Code:Red (now FactSet), Ledgex and Sentieo (now AlphaSense). Leveraging his strong interpersonal and communication skills, he will focus on creating opportunities for fund managers to leverage their data in more meaningful and insightful ways using Alpha Theory.
Private client, corporate services and fund administration business Oak Group (Oak) has appointed James Tracey as managing director of its funds business in Guernsey, subject to regulatory approval.
Tracey, who has joined Oak from JTC Group in Guernsey where he has been managing director since 2018, is heading up Oak Fund Services, which delivers specialist bespoke fund administration services to private equity, open ended, listed and alternative asset fund structures.
Tracey has a career in the finance industry spanning more than 20 years and has extensive knowledge of investment and wealth management structures across a wide variety of asset classes.
