Intelligence
Latest
ESG
ESG-focused funds have rightly been receiving a lot of attention over the last 12 months or more, as institutional investors continue to analyse the impact their portfolios are having on the planet, and society at large.
FUND PERFORMANCE
Managed futures hedge funds ended July in positive territory, with cryptocurrency-based strategies fuelling the rise, new data published by BarclayHedge shows.
The Barclay CTA Index, which tracks the performance of more than 400 commodity trading advisors and managed futures hedge funds, added 0.37 per cent last month, and has now advanced some 4.91 per cent in the seven-month period since the start of 2021.
All trend-following sub-sectors ended July in the black, with Ben Crawford, head of research at BarclayHedge, observing how the managed futures industry withstood rising uncertainty “admirably” during a bumpy July.
“Despite concerns over the Covid-19 Delta
In a series of four articles for Hedgeweek in recent months, senior executives at Waystone provided expert analysis of the challenges and opportunities facing fund domiciles and asset managers at a time of change across the fund management sector in Europe and beyond.
Waystone, the global governance adviser, third-party management company and provider of specialist services to the asset management industry was formed by the merger earlier this year of DMS, MontLake and MDO. In its first article in October 2020, Why Cross-Border Fund Domiciles are transforming into Fund Management Hubs, Managing Director of Client Solutions, Daniel Forbes explored the post-Brexit
AWARDS
After the GameStop/Reddit short squeeze saga dealt bruising losses to several hedge funds, and global stock markets continue to be shaken by the ongoing Covid-19 pandemic, the Equities section is set to be one of the most closely-watched categories at this year’s Hedgeweek Americas Awards.
FUND FLOWS
Event driven strategies topped the hedge fund performance chart during the first three months of the year, as the industry drew some USD9 billion in new capital in Q1 and saw trading volumes surge, new analysis by hedge fund asset administrator Citco shows.
Citco Fund Services’ ‘2021 Q1 Hedge Fund Report’ probed strategy performance, investor flows and trading volumes, among other things.
The study found that close to three-quarters – 73.4 per cent – of hedge funds delivered a positive return during Q1 as the strong performances at the end of 2020 carried through into the new year.
The quarterly
FUND PERFORMANCE
Hedge funds’ nine-month consecutive run of positive returns has been halted, with managers ending last month in the red as market volatility and renewed uncertainty over the impact of coronavirus variants.
Hedge Fund Research’s main industry-wide benchmark, the HFR Fund Weighted Composite Index – which tracks the monthly returns of some 1400 single manager hedge funds across all strategy types – lost 0.60 per cent in July, its first down month since September 2020.
The dent means hedge funds have now returned 9.45 per cent gain since the start of 2021. Before last month, the industry’s January-to-June advance – a
FUND PERFORMANCE
Brummer & Partners’ flagship multi-strategy fund has slipped into the red so far in May according to mid-month estimates, with a sharp dispersion in returns across its underlying equity, macro and trend-following strategies – but the long-running Stockholm-based vehicle remains in positive territory year-to-date.
Brummer Multi-Strategy, which comprises a range of hedge fund sub-strategies, has lost 0.8 per cent in the first two weeks of May, the firm said in an update on Tuesday. Despite the recent dip, the strategy’s SEK class is still up 1.1 per cent since the start of January.
The twice-levered BMS 2xL version of the
AWARDS
With the Covid-19 pandemic proving the defining factor shaping the direction of economies and markets globally over the past 18 months, hedge fund strategies trading healthcare stocks have come into particularly sharp focus.
WEBINAR
The way in which hedge funds can demonstrate the value of ESG indicators within their portfolios is becoming a key task for managers of all stripes and strategies. A recent webinar, jointly hosted by FIS Global and Hedgeweek ,examined how AI technology can help firms rise to the assortment of challenges arising within this sphere.
NEWS
London-based global long/short equity hedge fund Pembroke Emerging Markets is rolling out a UCITS version of its Cayman strategy to tap into growing investor demand for uncorrelated emerging markets exposure.
Pembroke, a boutique EM equities strategy operating under the umbrella of UK-based multi-boutique investment firm BennBridge, is led by equities and derivatives market veteran Sanjiv Bhatia, a former Harvard Endowment portfolio manager and Goldman Sachs trader.
The existing Cayman strategy, which launched in April 2018, has generated a net annualised return of more than 10 per cent, with a Sharpe ratio of 1.83 and 5.7 per cent volatility, since inception.
The
