Latest News
AIMA, the global representative for the alternative investment management industry, has today published the results of its Q1 2022 Hedge Fund Confidence Index (HFCI) in partnership with Simmons & Simmons and Seward & Kissel showing that confidence levels reported by hedge funds remain resilient despite a number of prevailing headwinds impacting the global economy.
Investors added an estimated net USD10 billion to hedge funds in February, according to data released by eVestment.
The sector had stared the year with net investor redemptions in January but bounced back the following month with inflows just below the five-year February average of USD11 billion.
Negative performance of 0.26 per cent for the month accounted for an overall decline in assets but saw a second consecutive month of outperformance against the S&P500 which lost 3.14 per cent in February.
Permian Investment Partners is gambling that the current problems at Sir Martin Sorrell’s advertising firm S4 Capital will prove to be short-lived, according to a report by The Financial Times.
The New York-based hedge fund upped it holding in the company to 4.1 per cent after its market value tumbled by a third on the back on news that PwC was unable to complete an audit leading to a delay in the publication of S4 Capital’s financial results.
The report quotes an unnamed analyst as saying that s4 Capital had been “eerily and worryingly silent” over the reason for the
Tiger Global’s flagship hedge fund is down 34 per cent in Q1 2022 on the back of poorly performing stock investments and markdowns on private holdings, according to a report by Bloomberg.
The collapse of Archegos and the GameStop short squeeze has radically upended the hedge fund prime brokerage space over the past year, raising fundamental questions over PBs’ lending activities and business models.
Hedge funds are targeting British retailers including Asos, B&Q owner Kingfisher, BooHoo, and Dixons Carphone, taking short positions on the assumption that they will struggle in the current economic climate, according to a report by The Is Money.
Aston Martin and Royal Mail are also attracting the attention of short sellers along with leisure firms such as Cineworld. Some 8.1 per cent of the cinema operator’s shares are currently being shorted.
WhiteStar Asset Management (WhiteStar), the CLO, structured products, and broadly syndicated credit arm of Clearlake Capital Group, has acquired the five reinvesting Collateralised Loan Obligations (CLOs) managed by Carlson CLO Advisers, a wholly-owned subsidiary of Carlson Capital.
Totaling more than USD2 billion and branded under the Cathedral Lake shelf, WhiteStar will assume collateral management duties of the Cathedral Lake CLOs effective 31 March, 2022. This marks the second acquisition of CLO contracts by WhiteStar in less than four months.
As a result of this acquisition, WhiteStar manages approximately USD12 billion in CLO assets under management through 27 CLO vehicles, hedge
A new study based on research by SigTech and data from Preqin shows that long/short equity is the most popular strategy among fund managers, according to a report by Forbes.
Carne, a European third-party management company, has adopted new branding.
Carne’s role in the asset management industry has grown rapidly over the last number of years, following significant investment in its own proprietary technology, a EUR100 million investment from Vitruvian, and a number of important acquisitions such as AMX.
The company has steadily grown to over 500 employees, with over USD2 trillion in assets under management on behalf of 600 clients across 160 jurisdictions. Amongst those clients are many of the leading financial institutions in the world.
The story behind this growth is the story of the new brand,
Toscafund, a London-headquartered specialist asset manager founded by Martin Hughes in 2000 and chaired by Martin Gilbert, has opened a Hong Kong office, its second in Asia-Pacific, following regulatory approval from the Hong Kong Securities and Futures Commission.
Toscafund’s fifth and newest office extends the firm’s global network for both fund distribution and investment across its specialist areas – listed equities, private equity, private debt and UK commercial property.
Mark Tinker, former senior fund manager with AXA IM and founder of financial research firm Market Thinking, and Jonathan Sleath, former Investment Director at Investec in London and Hong Kong, will oversee
