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The Global Billionaires Fund (‘GBF’) – which co-invests alongside 100 of the most successful business people on the planet – has seen interesting trends emerge following its annual portfolio rebalancing and the application of a new ESG risk filter in January.
Of the 100 leading billionaires in the 2021 portfolio, 30 have been excluded meaning the 37 companies they are closely involved with have dropped out. They are replaced by 30 different billionaires – including Brian Chesky (Airbnb), Uigur Sahin (BioNTech) and Charles Schwab – which has resulted in 31 new companies entering The Global Billionaires Fund portfolio.
They’re billionaires
AQR Capital Management’s longest-running multi-strategy has started 2022 with record performance, according to a report by Institutional Investor.
The firm’s absolute return strategy chalked up 10.4 per cent net return in the first five days of January and closed the month having record a total return of 15.4 per cent.
January’s record performance followed a total 2021 net gain of 16.8 per cent the month December 2021 ranks as one of the fund’s top four months ever.
AQR’s dedicated value strategy, Equity Market Neutral Global Value, returned 22.3 percent net of fees year-to-date through 31 January
Other AQR strategies to
SteelEye, a compliance technology and data analytics firm, has achieved System and Organisation Controls (SOC) 2 compliance.
SOC 2 is a gold standard in the financial industry that assesses firms’ safeguarding of customer data. Defined by the American Institute of CPAs (AICPA), it covers the principles of Security, Availability, Confidentiality, Processing Integrity and Privacy.
The SOC 2 accreditation follows a record year of growth for SteelEye, where the company saw revenues grow by 88 per cent in 2021. The firm – which is headquartered in the UK – expanded into the US last year, appointing RegTech veteran Brian Lynch
Venable has filed a trade secret misappropriation lawsuit in the Southern District of New York on behalf of Hedgeye Risk Management, an independent investment research and online financial media firm.
Neuberger Berman, a private, independent, employee-owned investment manager, is expanding its successful emerging market debt (EMD) offering with the launch of the Dublin-domiciled UCITS Neuberger Berman Sustainable Asia High Yield Fund.
Benchmarked against the JPMorgan JESG JACI High Yield Index, the strategy will invest in high yielding, quality-biased Asian credit opportunities displaying strong sustainability profiles.
The Neuberger Berman Sustainable Asia High Yield Fund will be run by portfolio managers Nish Popat based in London, Sean Jutahkiti and Prashant Singh, both based in Singapore. They also oversee the group’s Asian Debt – Hard Currency Fund. The managers will be supported by
An increasing number of hedge funds will begin investing in private companies, despite fears of overheating in the crowded market, according to Dimitry Balyasny, the hedge of US hedge fund Balyasny Asset Management, according to a report in the Financial Times.
Balyasny, goes so far as to suggest that all large hedge funds will eventually invest in start-ups because the divisions between private and public markets are becoming irrelevant.
Tiger Global Management and Coatue Management area among the high-profile hedge funds already investing in private companies they look to generate positive returns for investors.
Several of the trading obstacles for the adoption of cryptocurrencies and digital assets have been overcome, through the advent of derivative instruments. The next frontier of development in the space lies in expanding the number of protocols being used, together with further education to help the asset class and its investors continue to evolve.
Houston-based ESG Enterprise, a US provider of ESG software as a service (SaaS) and a data analytics platform covering NGOs and governmental bodies, has partnered with specialist ESG data and scoring platform GaiaLens.
ESG Enterprise is an SaaS application with ESG data on over 40,000 public, private, municipal and non-profit organisations. Much of this data goes into assessments and reports covering organisations’ activities in more than 100 countries.
GaiaLens analysis covers over 16,000 public companies, with market leading insight into ‘hard to identify’ social and governance data as well as environmental data. This includes data on themes linked to the
Goldman Sachs and Man Group are partnering with the University of Warwick to deliver a new Level 7 Master’s Degree Apprenticeship, providing recent STEM graduates the opportunity to continue their further education while transitioning into full-time employment.
The partnership creates a new graduate pathway into both firms.
Beginning in September 2022, this two-year programme includes funding through the apprenticeship levy for candidates to complete an MSc in Digital & Technological Solutions. The course will focus on the areas of cloud computing, data engineering, software development, testing, and leadership in technology.
Participants will spend 80% of their time with
Amundi has been appointed by St James’s Place (SJP) to manage a new GBP2.8 billion Global Absolute Return Multi-Strategy mandate.
St James’s Place is a UK wealth management firm, founded in 1991, with over GBP153 billion of client funds under management.
The mandate will be sterling-denominated and will target an absolute return of cash + 5-6 per cent over a market cycle, based on a strategy that seeks to deliver positive returns in all market environments in the medium-term, with a low correlation to broader markets. The strategy will employ both directional and relative value investment ideas in the
