Kettera Strategies Heat Map - March 2024 Mon, 04/15/2024 - 11:10 The Style Heat Map below offers a snapshot for the month on all categories of strategies. For the month of March, the following summaries highlight four the 10 style categories that we track. Systematic Trend Programs Long-term systematic trend followers had a profitable March with several notable “risk-on” market trends driving performance. For many programs, long global equity indices was the strongest sector, as several G10 global indices hit new all-time highs mid-month. Trend systems also fared well in commoditie ..read more

Long Short Equity Hedge Funds See First Net Inflow In Two Years in February Wed, 04/03/2024 - 17:24 Long short equity hedge funds saw their first new inflows in two years in February, adding $1.52bn in investor capital to their AUM, according to Nasdaq eVestment's Hedge Fund Industry Asset Flows Report for February. The news is welcome for the category, as the past 23 months have seen approximately $70bn removed from these products; 2022 saw a net -$38.02bn leave the space, followed by -$34.49bn in 2023. Other category winners in February were directional credit and multi-strat, which added ..read more

EGA and Cité Gestion Partner To Launch Equity Long-Short Governance-Focused Fund Wed, 04/03/2024 - 09:10 European and Global Advisers (EGA), the London-based investment boutique has partnered with Cité Gestion to launch a systematic long-short UCITS fund which seeks to generate positive returns from the strongest and weakest governed companies in the S&P 500. Domiciled in Ireland, the PLURIMA Market Neutral UCITS Fund takes long positions in the index’s 100 best-governed companies and shorts its 100 least well-governed companies. It uses a stewardship model provided by governance ana ..read more

Anti-Greenwashing in the Spotlight: UK Firms Gearing Up for New Rules and Guidance Mon, 03/25/2024 - 11:38 The UK’s Financial Conduct Authority (the FCA) has become increasingly concerned in recent years that some financial services firms are making sustainability-related claims which are exaggerated, misleading or unsubstantiated. Tackling 'greenwashing’ is therefore high on the regulatory agenda, and an area of focus for the FCA.   As part of this, the FCA has introduced a new ‘anti-greenwashing rule’, which is due to come into force on 31 May 2024. UK regulated firms will need to ens ..read more

Silver Creek Capital Hires Michael Callahan as Managing Director, Business Development Thu, 03/21/2024 - 13:03 Silver Creek Capital Management has hired Michael Callahan as Managing Director, Business Development. Callahan will be responsible for developing and executing a range of growth initiatives on a global basis and expanding the Silver Creek's institutional investor relationships. He most recently served as a Managing Director at Investcorp, focused on institutional capital raising for its global credit business. "We are delighted to welcome Mike Callahan to our leadership team," said ..read more

Assessing the Potential of AI in Fund Services Mon, 03/18/2024 - 12:53 Artificial Intelligence (AI) is transforming the financial services industry and providing new opportunities in the way investors and fund managers do business. From back-office automation and enhanced decision making to managing risk and portfolio optimisation, fund service providers are increasingly looking at the potential for sophisticated AI tools to help maximise returns and achieve investor goals. While the development and implementation of AI within fund administration is still in its early stages, it will undoubt ..read more

South Africa’s Retail Hedge Fund Revolution Mon, 03/18/2024 - 10:34 The South African hedge fund industry seems to be in rude health, thanks in no small part to reforms to the regulatory treatment of hedge funds in the country. This month ASISA (The Association for Savings and Investment South Africa), South Africa’s asset management trade body, delivered its annual analysis of the state of the industry. The numbers point towards increased retail investor participation in the market, thanks in no small part to regulatory reforms enacted in 2015. South African hedge funds attracted record net ..read more

Hedge Funds Suffer Heaviest Net Outflow To Begin a Year Since 2016 Fri, 03/15/2024 - 11:30 Investors removed $14.3bn from hedge funds in January, the second largest net outflow to begin a year since 2009, according to new data from Nasdaq eVestment. Long/short equity once again bore the brunt of the redemptions, with a net $6.42bn leaving these products in the first month of the year, continuing their run of bad form; the category also saw the largest net redemptions by dollars in 2021, 2022 and 2023. It's not all bad news, however, because Nasdaq eVestment says that the headline number doesn ..read more

Kettera Strategies Heat Map - February 2024 Tue, 03/12/2024 - 16:15 The Style Heat Map below offers a snapshot for the month on all categories of strategies. For the month of February, the following summaries highlight four of the 10 style categories that we track. Systematic Trend Programs February was an extremely profitable month for many, if not most, long-term trend programs. While historically the most profitable months are marked by a major crisis event that triggers most markets at once, February was unusually rich in different trends in varied markets - both long and short. The most ..read more

Why 2024 Should Be the Year of Shareholder Democracy Mon, 03/04/2024 - 12:34 As we step into 2024 AGM season, it's clear that shareholder voices are getting louder, both from institutional and retail investors. Retail shareholders have risen in prominence in recent years, fuelled by the availability of DIY investing apps. These investors aren't just in it for the money; they want to have a say on how companies are run At the same time, institutional investors are using their financial power to push companies to be more environmentally conscious and accountable. There's a noticeable shift hap ..read more