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SHORT SELLING
Hedge fund short sellers could soon be circling the troubled Russian gold miner Petropavlovsk, after Polygon Global Partners built a sizeable short bet in the London-listed company, which is facing major governance issues.
HEDGEWEEK LIVE EUROPE
The shift to remote working as a result of the coronavirus pandemic proved to be the ultimate stress test for hedge funds’ cybersecurity and business continuity processes – but speakers at this year’s Hedgeweek LIVE Europe digital summit believe the industry has coped well with the unprecedented disruption.
HEDGEWEEK LIVE EUROPE
HEDGEWEEK LIVE EUROPE
The second panel of this year’s HedgeweekLIVE Europe summit focused on how evolving trends in outsourcing are changing hedge funds’ operating models.
FUND PERFORMANCE
Investor allocations to hedge funds have fallen for the third consecutive year – but the industry’s ability to weather economic turbulence and market volatility through active management will continue to attract investor attention, according to two new industry studies.
RESULTS
CTAs and managed futures hedge funds gave back their early-month gains during October’s market reversal, but they managed to stay generally flat for the month as equities tumbled to their second consecutive monthly loss.
New data from Société Générale suggests the reversal in equity markets was “one of the hardest movements for CTAs to navigate” last month, the French bank said on Friday morning.
But SG’s trend indicator suggests gains across the bond sector and currencies – particularly rising trends in European bonds, and currencies such as Mexican peso and JPY versus USD – helped stem losses elsewhere.
Commodity markets
RESEARCH
A new Seward & Kissel study into the use of side letters in the hedge fund industry shows fee discount clauses are now the most common issue raised by investors in such agreements, while the number of smaller hedge fund managers using the practice has increased.
The US law firm’s fifth annual study into side letters – specific agreements between investors and hedge funds, which investors often use to secure preferential terms on issues such as fees and liquidity – shows larger, more established managers remain more likely to use side letters, often seen as a way for managers to
AWARDS
Hedgeweek, in partnership with Bloomberg, is starting the analysis of European hedge fund performance ahead of the annual Hedgeweek European Hedge Fund Awards.
CRYPTOCURRENCY
Cryptocurrency and digital asset specialist Aaro Capital is tapping into the growing investment opportunities in digital ledger technology and blockchain-related technologies with a trio of new hires.
MANAGER INSIGHTS
In recent years, the relative underperformance of hedge fund strategies compared to the S&P 500’s returns prompted many institutional investors to cast doubt on the value of this industry to their portfolios.
But the dramatic swings in markets brought about by the coronavirus pandemic this year have proven a wake-up call for investors, according to Nicolas Gaussel, founding partner and CEO of Metori Capital Management – and firmly demonstrates the worth of a non-correlated trend-following strategy to investors.
Paris-based CTA specialist Metori was established in 2017 by a team of former Société Générale and Lyxor Asset Management employees, who spun out
US ELECTION
Hedge funds “relatively prepared” for contested election result
US ELECTION
Hedge funds “relatively prepared” for contested election result