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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
WEBINAR
Envestnet Yodlee, a data aggregation and analytics platform specialising in consumer spending data analytics, says asset managers are increasingly seeking out such alternative data insights in their hunt for alpha.
NEWS
Marshall Wace, the long-running high-profile hedge fund set up by Sir Paul Marshall and Ian Wace, has taken a 3 per cent share in IAG, the owner of British Airways, Iberia, and Aer Lingus, in a reported bargain swoop for stocks and sectors hit hard by the coronavirus pandemic.
The London-based long/short hedge fund giant’s stake – estimated at around GBP140 million (USD181.3 million) – comes after BA earlier this week replaced its chief executive Alex Cruz with Aer Lingus chairman and CEO Sean Doyle, amid what IAG chairman Luis Gallego described as the “worst crisis faced in our industry.”
The coronavirus
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