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FUND LAUNCHES
Redhedge Asset Management has launched a new relative value hedge fund focusing on European investment-grade credit markets, tapping into increased demand from institutional investors.
The Redhedge Relative Value UCITS strategy fuses quantitative and qualitative investment processes, and aims to offer returns decorrelated from broader financial markets.
The fund, managed by CEO and CIO Andrea Seminara, and Voon Kiat Lai, senior portfolio manager, will use fundamental analysis to zero in on credit market dislocations.
Seminara said the UCITS fund will offer institutional investors, such as pension funds and family offices that cannot invest in non-UCITS, access to a market-neutral, low-volatility and
FUND PERFORMANCE
Brummer & Partners’ flagship multi-manager hedge fund vehicle squeezed into positive territory in October, despite rising Covid-19 infections and renewed lockdown fears sending stock markets southwards following a strong early start to the month.
The Stockholm-based multi-strategy hedge fund firm’s Brummer Multi-Strategy (BMS) multi-manager fund – which invests in a range of single-strategy hedge funds – rose 0.1 per cent in its dollar share class, and 0.2 per cent in its SEK-denominated tranche. It is now up 4.4 per cent since the start of the year.
The Brummer Multi-Strategy 2xL (BMS 2xL) SEK class meanwhile posted estimated returns of 0.2
SPONSORED FEATURE
As hedge fund managers continue to navigate the Covid-19 environment there are several potential issues that could arise as they manage the impact of the pandemic on their business and re-calibrate strategies to take advantage of market opportunities.
Kevin Huys, Director at of HTC Fiduciary Services Limited, “Harbour”, comments on this development: “We’re seeing the potential for managers to re-evaluate their asset allocation and the focus of their strategies as a result of the Covid-19 pandemic and its impact on markets. Some managers are seeing opportunities in different areas of their strategies, whether that be geographic, sector specific or otherwise,
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By Stéphane Badey, Arendt – These are uncertain times, but three solid trends driving the Luxembourg investment funds market can be highlighted.
1. The continuous growth of the alternative investment strategies. Luxembourg has positioned itself as a jurisdiction of choice for alternative asset managers. As a consulting firm we are accompanying clients in their move to Luxembourg. This is made easier from a regulatory perspective by the adoption of a clear regulatory framework.
2. The further integration of ESG criteria into asset managers’ strategies. The upcoming regulations (SFDR*) are prompting asset managers to position themselves accordingly. Although many had already embraced
WEBINAR
This webinar explores some of the trends for 2021 which we think fund managers ought to keep an eye on…
HOT OFF THE PRESS
Zoom has been the ultimate success story for 2020 as firms, globally, have adjusted to remote working. If I think about what the next best thing to Zoom will be, I would say it needs to be something that gives you the ability to walk into someone’s computer just as easily as walking into their office.
FUND PERFORMANCE
Event driven managers, particularly those running merger arbitrage and special situations strategies, powered hedge funds’ performance in January, as the industry overcame retail investor-driven stock volatility to finish the month in the black.
SHORT-SELLING
Hedge funds made more than USD1 billion from short positions in FTSE 100 companies during October’s stock market volatility, as managers capitalised on renewed uncertainty over the coronavirus pandemic and heightened fears of a no-deal Brexit.
Short sellers generated GBP828 million (USD1.067 billion) from FTSE 100 bets last month, and made profits on 75 out of the 100 companies that comprise the UK’s blue-chip index, according to new data from London-based equities analytics and research provider Ortex Analytics.
In September, hedge funds made GBP543 million betting against the London benchmark.
In what proved to be a “bumper” month for bearish
COMMENT
Retail genie “out of the bottle”: Hedge fund giant Man Group says GameStop effect here to stay
COMMENT
Retail genie “out of the bottle”: Hedge fund giant Man Group says GameStop effect here to stay