A new poll of 100 leading hedge funds by fintech and quantitative analysis platform SIGTech published this week shows pension funds and institutional investors are set to increase their allocations to computer-based hedge funds over the next 12 months.
The wide-ranging survey, which quizzed managers based in the US, the UK and Asia, found that more than three-quarters of managers believe systematic funds are well-placed to perform better in 2021 than in 2020 amid the shifting investment backdrop. With inflows expected to soar across the board, FX and equities-focused managers are predicted to see the biggest rise in allocations.
As industry research increasingly points to a hedge fund renaissance among investors, with the sector now offering “a compelling alternative” to fixed income and the number of first-time allocators reportedly rising, London-based NorthRock Funds this week unveiled a new multi-manager vehicle offering institutional allocators access to “high potential” emerging hedge fund managers running niche investment strategies.
Smaller, emerging and start-up funds often face barriers when it comes to attracting institutional capital. But speaking to Hedgeweek, NorthRock head Amin Naj said the new platform – which is preparing to roll out a range of sub-funds spanning global macro, equity market neutral, arbitrage, and managed futures strategies later this year – aims to solve this problem.
Elsewhere, the long-running Brummer Multi-Strategy hedge fund vehicle run by Stockholm-based manager Brummer & Partners saw its underlying funds endure a mixed July, leaving its performance still flat on a year-to-date basis
While the multi-manager vehicle’s discretionary macro exposures made gains by navigating ongoing volatility, with systematic trend-followers also turning in positive performances, BMS’s equity-based strategies ended last month in the red as US stock markets trended higher.
Voting is now open for the Hedgeweek Americas Awards 2021, which will be announced at an exclusive awards presentation ceremony and industry networking event in New York on Thursday, 21 October.
With the Covid-19 pandemic shaping the direction of economies and markets globally over the past 18 months, hedge funds trading healthcare stocks have been among the most-closely watched strategy types this year.
A total of three managers are in contention for the Best Equity Sector-Focused Hedge Fund (Healthcare) category, which is one of 29 fund manager awards at this year’s event, which will be hosted by Hedgeweek, with fund manager data being provided in partnership with Bloomberg.