Intelligence
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DEALS
Citrix Systems is to be acquired by affiliates of Vista Equity Partners (Vista), a global investment firm focused exclusively on enterprise software, data and technology-enabled businesses, and Evergreen Coast Capital Corporation (Evergreen), an affiliate of activist hedge fund Elliott Investment Management (Elliott) in an all-cash transaction valued at USD16.5 billion, including the assumption of Citrix debt.
FUNDS
Sona Asset Management, the London-based credit-focused alternative asset manager led by John Aylward, has generated back-to-back double-digit returns over the past two years in its flagship long/short fund, and is now aiming to build on this success with the launch of a new private credit-focused capital solutions strategy.
REGULATION
The US Securities & Exchange Commission (SEC) has proposed changes to the current Form PF reporting regime which would force hedge funds and private equity funds to report large investment losses or redemptions more frequently.
SHORT-SELLING
Sustainable energy stocks have attracted the interest of hedge fund short sellers, according to a report in the Financial Times, with managers betting that the prospect of interest rates rise will mean companies with strong environmental credentials but weak earnings are less attractive to investors.
INVESTMENT
Trian Fund Management, the activist hedge fund run by Nelson Peltz, has acquired a stake in Unilever Plc, according to the Financial Times and Reuters.
REGULATION
The Securities & Exchange Commission (SEC) is considering proposals to tighten the disclosure deadline for hedge funds that hold significant shares in companies, according to a report by Bloomberg.
DIGITAL ASSETS
A tipping point has been reached where the maturity of and regulatory clarity of the cryptocurrency asset have passed the threshold for institutional investors to make significant allocations.
FUND PERFORMANCE
Investors pulled USD19.96 billion from the global hedge fund business in December, bringing full-year 2021 hedge fund AUM growth to +USD15.90 billion, according to eVestment’s December and Full Year 2021 Hedge Fund Asset Flows report.
PARTNER FEATURE
As investor interest in cryptocurrencies continues to mount, regulators are sharpening their focus on the asset class. Though education remains a key impediment to growth, investment opportunities in new areas, such as decentralised finance, are ripe.
By and large, institutional investors have been hesitant about delving into crypto investments. Though reputable managers like Larry Fink and his ilk have heralded the age of digital assets, adoption remains relatively low.
According to Konstantin Anissimov, executive director, CEX.IO, the answer lies in regulation: “The safety that comes from regulations is beneficial and will ultimately help the industry mature. Having this clarity means institutional
FUND PERFORMANCE
Commodity-focused hedge funds saw “strong performance” in 2021, with many seeing the energy transition towards renewables as a big opportunity and a USD3 billion uplift in investment across the index, according to Bridge Alternatives.
