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There have been 35 activist short campaigns against SPACs that completed mergers since the beginning of 2020, according to new research from Insightia.
The data highlights that shorts are the leading cause of grief for SPACs, a financial innovation that has taken off in the past two years.
Eight activist short sellers have targeted more than one de-SPACed company, and at least one short seller has targeted a pre-merger SPAC, taking advantage of enthusiasm from retail investors sending the stock soaring.
In contrast, no SPACs have been targeted by a long activist campaign. Experts cite market dynamics and takeover
EY has published the 2021 EY Global Alternative Fund Survey, which offers a comprehensive overview of the perspectives from alternative fund managers and the institutional investors who allocate to these asset classes.
The 15th annual survey sheds light on the topics that will be transforming the industry for years to come, including investors’ improved perception of alternative funds; the growing importance of ESG and diversity, equity and inclusion (DEI) considerations; and the industry’s view on product and strategy expansion into areas such as digital assets and an increased desire for exposure to private markets.
“Beyond reflecting on how alternative fund
This year’s hedgeweekLIVE European Emerging Managers Summit concluded with a wide-ranging panel discussion centred on fundraising, with speakers examining some of the ways start-up hedge funds can successfully attract investor money during the challenging capital-raising process.
Brevet Capital (Brevet), a credit investment and specialty finance firm with a dedicated focus on the government sector, has appointed Brian Chase, former Founding Partner, Chief Operating Officer and Chief Financial Officer of Garrison Investment Group, as Chief Operating Officer.
In his new role, Chase will work closely with Brevet’s CEO, CIO and Co-Founder, Doug Monticciolo, and other senior members of the management team to oversee the day-to-day business across the firm to further enhance its technology, infrastructure, risk management, strategic planning and new product platforms.
“Brian brings substantial private credit and investment management sector expertise to the Brevet
New nationwide, independent financial advice and fund management firm One Four Nine Group has launched One Four Nine Portfolio Management, an in-house DFM service offering a compelling suite of competitively priced active, passive and sustainable model portfolios.
KNEIP, a specialist in fund data management and reporting solutions for the asset management industry, has partnered with Nasdaq to register investment funds in Europe on the Nasdaq Fund Network (NFN), providing enhanced transparency and accessibility of investment products in Europe with standardised five-character symbol.
Saxo Bank has added nine new Crypto FX pairs to its TradingView offering, marking the latest round of integration of the capabilities from its new Crypto FX service with the established TradingView platform.
Saxo clients using TradingView, a social trading platform that offers advanced charting tools for stocks, crypto and FX instruments, can now benefit from the added ability to trade nine crypto FX pairs including bitcoin, ether and litecoin against EUR, USD and JPY from a single margin account without the need to maintain a crypto wallet. Launched in May 2021, Crypto FX has seen demand exceeded expectations with
The SS&C GlobeOp Forward Redemption Indicator for November 2021 measured 2.28 per cent, up from 1.56 per cent in October.
“SS&C GlobeOp’s Forward Redemption Indicator for November 2021 was 2.28 per cent, reflecting lower redemption notices compared to the 3.63 per cent reported for the same period a year ago,” says Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies. “This favourable comparison marks seventeen consecutive months of declining year-over-year hedge fund redemptions.
“Moreover, the 2.28 per cent level of redemptions is the lowest reading for any month of November since the inception of the Forward Redemption Indicator in 2008.
The ability of financial market operators to reinvent and innovate has been one of the key successes driving industry growth in the last decade. With the events of the past 12 months creating an increasingly challenging market backdrop, Mario Sanchez (photographed above), Managing Director and Global Head of Sales at FXCM Pro, sheds light on FXCM Pro’s latest innovation to better meet the needs of wholesale market participants – a CFD Prime service.Â
With many hedge funds delivering long-only or beta-type returns over the past decade, downward pressure on fees has intensified in recent years, and the ways in which start-up managers can look to draw allocator money has been the focus of fierce debate as fee models have shifted.
