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RETURNS
The strong market moves sparked off by the recent coronavirus vaccine breakthrough brought gains and losses across the hedge fund spectrum over the past week, as investors fled momentum-based stocks and piled into value-based companies.
NEWS
Three former Highland Capital Management partners have launched Sycamore Tree Capital Partners, a new alpha-focused private and alternative credit investment manager which aims to tap into value-oriented opportunities arising from credit market upheaval.
The Dallas-headquartered firm is co-founded by alt-credit veterans Mark Okada, who will serve as CEO; Jack Yang, the firm’s president and head of business development; and chief investment officer Trey Parker.
Sycamore Tree, which also has an office in New York, will initially focus on traded credit, structured products and special situations, drawing on the trio’s “deep experience across multiple cycles”.
The trio said credit has become
SHORT-SELLING
A number of well-known hedge fund short sellers continue to target London-listed oil and gas company Tullow Oil, as the beleaguered exploration firm looks to overhaul its business model and improve its balance sheet position.
SPONSORED ARTICLE
In this article, CollasCrill’s Christian Hidalgo and Simon Gray of BVI Finance revisit the incubator fund – ever-popular with hedge fund managers and family offices – focusing on the structure’s new popularity among crypto and digital investors.
MANAGER INSIGHTS
Launched earlier this year, New York-based Ironhold Capital’s equity-focused hedge fund is seeking to capitalise on opportunities in value-oriented stocks across the US and India.
OIL
London-based energy hedge fund Westbeck Capital’s high-flying flagship strategy was brought back down to earth during a dismal October – but the oil-focused fund is staging a November fightback following news of a Covid-19 vaccine breakthrough.
The Westbeck Energy Opportunity Fund slipped 10.8 per cent last month – its second double-digit loss in as many months, having suffered a 15 per cent slide in September – after most oil equities were hammered in October.
The strategy “aggressively” cut its oil stocks portfolio in late September which helped ease equity losses. But the announcement of renewed lockdowns in Europe in late
MANAGER INSIGHTS
Designed as a balanced portfolio of ‘best-in-class’ hedge fund managers, Prime Capital AG’s flagship fund of hedge funds strategy – the PCAM Blue Chip Fund – has built a formidable track record since launching in October 2007.
HEDGEWEEK LIVE EUROPE
With surges in volatility tipped to become increasingly frequent, so-called “black swan” events are more likely to become part of “the new normal”, speakers at this year’s Hedgeweek LIVE Europe summit heard.
SPONSORED CONTENT
By Matthew Chapman (pictured), Director, ACA Compliance Group – Geopolitical change and uncertainty, regulatory sabre-rattling and industry shake-ups have combined to create a perfect storm for many financial services firms when it comes to their trade and transaction reporting obligations under MiFIR, EMIR and SFTR.
OUTLOOK
Man GLG’s Flamand urges market neutral tilt as inflation risk looms amid equities “euphoria”
OUTLOOK
Man GLG’s Flamand urges market neutral tilt as inflation risk looms amid equities “euphoria”