Hedge Funds
With global hedge fund assets at roughly $3.45 trillion (and growing by double-digit percentages each year), money managers have a greater influence on public and private markets than ever before. DailyAlts covers every element of the hedge fund industry – from changing performance structures to manager strategies, from regulatory oversight to activist holdings, and from new fund launches to the liquidation of underperformers. This channel is your one-stop-shop for daily news and insights for the influential and topical hedge fund space.
Top Story
European investors, both retail and institutional, are showing a growing interest in hedge funds and alternative investment options, as indicated by recent findings from Cerulli Associates. In the UK, Italy, and Switzerland, there’s a notable preference for semi-liquid funds for private market investments, with 50% of UK wealth managers favoring this approach.
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More Stories on Hedge Funds
Hedge funds’ Investors are More ESG-Focused
A survey by BarclayHedge finds more than half of hedge fund assets next year will be invested keeping an eye on ESG factors
Environmental, social, and governance factors (ESG) will dominate hedge fund investing practices in the coming year, according to a survey of hedge fund managers and commodity trading advisors.
Point72 Asset Management Loses 20 Portfolio managers
Point72 Asset Management, once Steve Cohen’s family office, reopened to outside money in 2018. According to available information, Point72 employed about 1,400 people as of 2019.
A Wall Street Journal report said the firm has been having people problems, with about 20 portfolio managers leaving this year. Some of these departing employees had worked with Cohen for more than 10 years.
Some funds that jumped onto the ESG bandwagon, did so in name only
The gush of incoming money into ESG focused funds has prompted some funds to make cosmetic changes to qualify for the “ESG” tag
Funds focused on ESG (environmental, social and governance) factors received a record $5.5 billion in inflows from investors.
ESG funds see record inflows in H1 2019
Here’s some data for thought: In the first half of 2019, funds focused on environmental, social and governance (ESG) factors hoovered up $8.4 billion in inflows, according to data from Morningstar.
Note that in the whole of 2018, ESG inflows were $5.4 billion, itself a record.
Hedge funds’ surge in long positioning may presage a correction
Macro investing and commodity trading funds went long with a vengeance in March
According to Jason Goepfert, founder of Sundial Capital Research Inc., trend-following hedge funds swung from a 25% short positioning in March 2019 to over 50% long exposure.
Institutional Investor’s 2019 Hedge Fund Awards
Institutional Investor announced Thursday evening the Hedge Fund Industry Awards at its 17th annual awards dinner at the Mandarin Oriental in New York.
Here are some of the winners.
Hedge fund allocations chopped again, this time at the Pennsylvania SERS
The $29 billion Pennsylvania State Employees’ Retirement System has decided to reduce both its rate of return as well as allocations to hedge funds.
Why 2 and 20 Fees May Soon Be History
An unimpressive performance record, investor resistance to high fees and difficult industry conditions are squeezing hedge funds across the board. Average management fees crashed to a record low of 1.43% in the first quarter of 2018, according to Hedge Fund Research.
Hedge Funds Bet Big on Caesars Takeover
Eldorado Resorts may soon be in the takeover saddle at Caesars Entertainment, going by the report issued by Deutsche Bank analyst Carlo Santarelli. He said the odds of the transaction coming to fruition were increasing.
Elliott Management Eyes Barnes and Noble
Activist hedge fund Elliott Management, owned by billionaire Paul Singer, may acquire book chain Barnes and Noble for $476 million, according to The Financial Times.
Why This Hedge Fund is Betting on Climate Change
Robert Gibbins’ Autonomy Capital thinks investors are ignoring the implications of climate change at their own peril
Two More Hedge Funds Bite the Dust
Quant Fund Amplitude Capital AG and Sator Square Capital Management have stopped trading or shut down