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hedgeweek hugh leask captioned.jpg The winners of the Hedgeweek Americas Awards 2021, compiled in conjunction with Bloomberg, were announced at an exclusive awards ceremony and industry networking event at The University Club in New York on Thursday evening.

hedgeweek hugh leask captioned.jpg The winners of the Hedgeweek Americas Awards 2021, compiled in conjunction with Bloomberg, were announced at an exclusive awards ceremony and industry networking event at The University Club in New York on Thursday evening.

The annual event is an important mark of recognition and respect among peers, investors, advisors, and counterparties, with voting conducted via an extensive online poll of Hedgeweek’s readership over several weeks.

The hedge fund categories span a wide range of investment strategies – including Equity, Credit, Macro, CTA, Event-Driven, Specialist Equity Sector, Relative Value, Multi-Manager and more – while the service provider categories celebrate a broad sweep of the North American industry’s ecosystem, including tax, administration, audit, primer brokerage, data management, and legal services, among many others.

As hedge funds’ year-to-date returns hold steady in the face of rising volatility, stock market reversals and accelerating inflationary pressures over the past month, investors have maintained faith in the industry – pouring an extra USD5.6 billion into the sector throughout the third quarter.

As a result, global hedge fund asset volumes are inching towards a landmark USD4 trillion, according to new data published by Hedge Fund Research this week. The industry resurgence in the eyes of investors is profound: after falling below USD3 trillion in Q1 2020 when the Covid-19 pandemic began, industry capital has since rebounded, with assets soaring by more than USD1 trillion over the past six quarters as performances held up, HFR’s latest Global Hedge Fund Industry Report shows.

Against this backdrop, Boston-based Meketa Investment Group is scoping out hedge fund risk mitigation and diversification strategies to help curb client exposure to directional equities.
Speaking to Hedgeweek this week, Brian Dana, Director of Marketable Alternatives at Meketa –  which advises on and manages over USD50 billion in alternative assets for approximately 100 clients – said the firm is a major advocate of risk mitigation strategies. These include equity market neutral, global macro, and insurance-linked funds, which reinforce client portfolios against risks posed by their clients’ directional equities exposure.

Long-running quantitative hedge fund and CTA pioneer Aspect Capital this week unveiled a new systematic momentum-based investment strategy focused on Chinese financial and commodities futures.

The Aspect China Diversified Fund taps into the expanding global institutional investor appetite for opportunities in China, and utilises the London-based global manager’s systematic medium-term trend-following models to trade more than 40 onshore Chinese futures markets spanning six asset classes: agriculturals, bonds, energies, industrials, metals and stock indices.

Meanwhile, Massar Capital Management has rolled out a new discretionary macro hedge fund. The Massar Macro Directional strategy, which is the New York-based firm’s second launch, aims to capitalise on an assortment of trading opportunities across a broad set of global markets.

Massar combines a discretionary global macro approach with advanced data analytics to generate risk-adjusted returns uncorrelated to major market indices and other hedge fund strategies.

High-profile activist manager TCI Fund Management has set out a strategic plan to overhaul Canadian National Railway which it says would put the Montreal-headquartered freight railway company “back on track”.

Sir Christopher Hohn’s hedge fund firm, which is agitating for change at CN, outlined sweeping proposals including several board changes, a new CEO, and a six-point plan for sustainable long-term growth.

Hugh Leask
Editor, Hedgeweek

 

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