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MANAGER INSIGHTS
Hedge fund returns for 2021 are forecast to be lower due to lower public market performance, but despite this improved operating conditions should be supportive for most hedge fund strategies to generate alpha.
SUSTAINABLE INVESTING
Bridgewater Associates, Ray Dalio’s long-running hedge fund giant, has paired up with French institutional manager Lyxor Asset Management to launch a new multi-asset strategy next year, based around sustainable investing.
The new vehicle – which is designed for investors to achieve financial and sustainability targets – is built around Bridgewater’s ‘All-Weather’ multi-asset framework, and trades assets aligned to the United Nations Sustainable Development Goals.
Bridgewater, the world’s biggest hedge fund with more than USD130 billion in assets, will bring its systematic research process to analyse and select public market assets aligned to the UN SDGs. The fund will employ the hedge
SUSTAINABLE INVESTING
NEWS
Northern Trust has paired up with Two Sigma to offer Venn, the quantitative investment specialist’s cloud-based analytics platform, to its clients.
A very warm welcome to our 2020 US Hedgeweek awards report. I’d like to extend my congratulations to all of the award winners this year. It’s a clear recognition of the outstanding work the managers contained herein, have done over the last 12 months, in an industry where saying one is ‘best-in-class’ cannot be underestimated.
In this report we ask managers to go under the hood to showcase their respective investment strategies, and reveal a few insights into how they think about risk/return in the current environment. Each article is designed to show readers, in brief, what makes these managers tick,
GOLD
Christopher Cruden, manager of the currency and gold-focused CTA strategy Insch Kintore, hopes to capitalise on “ideal” elevated volatility levels in the commodity this year, following a positive start to 2021.
NEWS
Franklin Templeton is rolling out a new emerging markets-focused hedge fund strategy on its FTAF liquid fund platform, and aims to tap into sovereign and corporate debt opportunities with a “global macro style” of alpha generation.
The Franklin K2 Emso Emerging Markets UCITS strategy, a sub-fund of the firm’s Franklin Templeton Alternatives Funds (FTAF) range that launched last year, will trade an assortment of EM sovereign and corporate debt securities and currencies, including derivatives, long and short.
The new Emso fund replicates the investment strategy currently housed within Franklin Templeton’s UCITS compliant multi-strategy vehicle, the Franklin K2 Alternative Strategies Fund,
RESULTS
Man Group, the publicly-quoted London-headquartered global hedge fund group, has seen its funds under management hit record highs, with its hedge funds and alternative strategies posting strong performances amid 2020’s unprecedented coronavirus-fuelled turbulence, despite a fall in annual pre-tax profits for the company.
The FTSE250-listed group’s funds under management surged to a new high of USD123.6 billion last year – a USD5.9 billion rise from the USD117.7 billion recorded at the end of 2019.
While its investment performance totalled USD3.3 billion in 2020, down from USD10.1 billion the previous year, Man attracted net investor inflows of USD1.8 billion, which reversed
FUND PERFORMANCE
Swedish multi-strategy hedge fund firm Brummer & Partners has capitalised on last month’s equity surge, with its flagship Brummer Multi-Strategy vehicle generating strong returns across its underlying funds as November’s coronavirus vaccine breakthrough and US election result sent risk appetite soaring.
The Brummer Multi-Strategy (BMS) fund – which invests in a range of single-strategy hedge funds – advanced 3.1 per cent in November in both its USD and SEK classes, to put its year-to-date return to 7.7 per cent.
The Brummer Multi-Strategy 2xL twice-levered version has meanwhile gained more than 14 per cent in the 11 months since the start
SPONSORED CONTENT
This is the third in a series of four articles from the DMS Client Solutions Team, bringing you a unique perspective on the challenges and opportunities presented by the shifting European regulatory landscape. In last week’s article Daniel Forbes explored explored the evolving landscape in Ireland for Fund Management. This week, David Morrissey (pictured), DMS Global Head of Client Solutions, offers his unique personal perspective on the evolution of the third party management company sector.
COMMENT
AIMA CEO Jack Inglis sees hedge fund “renaissance” next year as ESG, blockchain and digitalisation accelerate changes
COMMENT
AIMA CEO Jack Inglis sees hedge fund “renaissance” next year as ESG, blockchain and digitalisation accelerate changes