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DIVERSITY
The Alternative Investment Management Association has published a new paper on diversity, equity and inclusion (DEI), setting out practical measures outlining how asset managers and other firms can be betters allies to colleagues from minority or underrepresented groups.
MANAGER INSIGHTS
Barry Goodman, co-CEO of quantitative investment manager Millburn Ridgefield Corporation, outlines how the firm is aiming to build on its successful 50-year track record with a new strategy that includes exposure to global, Chinese and thematic commodity markets. And as ever, a combination of human experience and the ‘power of the machine’ will be key…
SURVEYS
More non-equity hedge funds are offering founder share classes in a bid to attract capital and get new launches off the ground.
SHORT-SELLING
Hedge funds are continuing to pile on bets against Cineworld, with the beleaguered global movie theatre chain – whose share price tumbled again this week – now the most-shorted, UK-listed stock.
Around 7.5 per cent of Cineworld’s stock is held short by six investment managers, according to new analysis from New York-based ETP provider GraniteShares. New Holland Capital has taken the largest bearish bet, holding 2.42 per cent of the company’s shares.
FCA regulatory disclosures also show Polygon Global Partners holds 1.23 per cent of Cineworld’s stock short and Whitebox Advisors holds 1.19 per cent, with Adelphi, AHL Partners, and
APPOINTMENTS
Special situations hedge fund Sand Grove Capital has appointed banking veteran Daniel Caplan as CEO, as the firm looks to capitalise on soaring volumes of mergers and acquisitions and other corporate activity.
FUND PERFORMANCE
Hedge funds are in a buoyant mood heading into the second half of the year, boosted by impressive Q2 performances and increased capital inflows, according to a key industry confidence metric.
The latest Hedge Fund Confidence Index – published jointly by the Alternative Investment Management Association, Simmons & Simmons and Seward & Kissel – shows industry optimism continued to grow in the second quarter of 2021, having earlier surged 40 per cent in Q1.
The data shows hedge funds’ optimism for the coming 12 months is now at “the highest it has been for many years”, AIMA, Simmons & Simmons
HEDGE FUND EBOOK
On the back of impressive performance in 2020, this is the time for hedge fund managers to seize the moment and build on the momentum, and growing investor appetite in the asset class.
QUANT FUNDS
Robert Lam, co-head of credit at Man Numeric, the Boston-based investment unit of London-listed hedge fund giant Man Group, said “99 per cent” of high yield assets are managed using traditional discretionary processes. But he suggested such one-side market composition tends to naturally throw up inefficiencies and distortions, in turn offering a “large opportunity to go against the grain” for quantitative funds.
DIGITAL SUMMIT
Join us on 2 December for Institutional Asset Manager, Hedgeweek and Private Equity Wire’s global summit as we analyse the key issues, changes and opportunities for fund managers, asset owners, intermediaries and advisors in the fast-evolving world of ESG and green investing.
OUTLOOK
“Fruitful” opportunities ahead for macro hedge funds, but credit strategies face Q2 challenges
OUTLOOK
“Fruitful” opportunities ahead for macro hedge funds, but credit strategies face Q2 challenges