Kettera Strategies Heat Map - June 2024 Wed, 07/17/2024 - 11:39 The Style Heat Map below offers a snapshot for the month on all categories of strategies. For the month of June the following summaries highlight six of the 10 style categories that we track. Systematic Trend Programs Longer-term trend programs finished the month mixed, although with more negatives than positives - pulling this strategy bucket down into negative territory. (We note, however, that most of the systematic trend managers listed on Hydra summed to a net positive.)  The most challenging sector was fixed inco ..read more

Managing Portfolio Risk: Using AI in Asset Management Mon, 07/15/2024 - 13:17 In today's volatile financial landscape, managing portfolio risks is more crucial than ever. Investors must navigate a maze of economic and geopolitical threats that can impact market stability. Traditional risk management techniques often fall short during turbulent times. Given the multitude of factors that can affect asset risk, AI techniques provide a natural and effective solution to improve investment performance and mitigate risk. Risk, defined as the potential for financial loss, differs from uncertainty, w ..read more

Japan Hedge Fund Industry 2024 Half-Time Report Mon, 07/08/2024 - 12:24 Japanese markets have been off to a strong start in 2024. After many long years of suffering from a lack of investor interest, Japan has finally awakened and seems to be every investor’s new “best idea”. Many global investors seem to be busy dusting off their prior Japan playbooks, trying to frantically understand how the rules might have changed, and who may be best suited to guide them through Japan’s new dawn.   The weak Yen, the “normalization” of monetary policy and the Japanese government’s strong support for ..read more

Hedge Fund Launches Accelerate To Begin 2024 Tue, 07/02/2024 - 07:36 New hedge fund launches surged while liquidations remained steady to begin 2024 according to the latest data from industry tracker HFR. The estimated number of new hedge fund launches in Q1 2024 surged to 146, an increase of 70% from the prior quarter and the highest level since the first quarter of 2022. The strong start to this year follows a steady growth year in 2023 when an estimated 438 new funds launched. The number of hedge fund liquidations remained steady to begin 2024, as an estimated 106 funds closed during ..read more

HighVista Strategies Announces Key Leadership Appointments Mon, 07/01/2024 - 16:47 HighVista Strategies has announced a further expansion of the firm’s leadership. Nick Boston (Compliance), Niels Peetz-Larsen (Public Markets), Adam Posner (Public Markets), Ben Radinsky (Private Credit), and Rich Vishton (Finance and Accounting) have been named Partners of the firm. “These promotions reflect the strong contributions and exceptional leadership our new Partners have demonstrated in shaping the firm and delivering strong investment outcomes for our clients, as well as reinforcing the team-ba ..read more

Greater RegTech Investment Could See England Score Listings and Innovation Brace Mon, 07/01/2024 - 11:18 With Euro 2024 in full swing, it can be easy to forget that England and France compete fiercely over more than just football. Both nations are also home to the two largest stock markets in Europe, with London recently overtaking Paris to reclaim its crown as the biggest bourse on the block for the first time in nearly two years. But the chances of an open-top bus parade for the LSE’s top dogs seem slim, despite how amusing it might be to behold. Unlike knock-out football tournaments, the ..read more

Boston Partners Global Long/Short Fund Transfers to FundRock Platform Thu, 06/20/2024 - 09:32 Public equity investor Boston Partners has transferred its Boston Partners Global Long/Short Fund to the FundRock trading platform. The move, effective June 4, 2024, will also see the Fund transition from a SICAV to an ICAV structure. Boston Partners will continue to offer the fund in institutional and retail share classes, as well as a new early-bird share class (Class E) with a reduced investment management fee and no performance fee during a limited window. The Global Long/Short Strategy is l ..read more

The Evolving Landscape of Emerging Markets: From Golden Age to a Multipolar Future Mon, 06/17/2024 - 10:50 Emerging markets are inescapable. Together, these economies account for more than 80% of the world’s population and 43% of global GDP; over the last ten years they have been responsible for some two thirds of international economic growth. Meanwhile public capital markets in these economies have grown to over $50 trillion, compared to around $185 trillion in developed markets. But while the opportunity set is vast, the total AUM of emerging market-focused hedge funds has contracted to o ..read more

Kettera Strategies Heat Map - May 2024 Thu, 06/13/2024 - 10:10 The Style Heat Map below offers a snapshot for the month on all categories of strategies. For the month of May, the following summaries highlight six of the 10 style categories that we track. Quantitative Global Macro Programs It appears that nearly all types of quantitative (or “model based”) macro programs had a difficult month. Managers reliant on fundamental econometric data as well as those focused on price-based models struggled during the month – although the former seemed to struggle more than the latter. Most of the setb ..read more

U.S. Private Funds Industry Enjoys Legal Win Thu, 06/06/2024 - 17:30 The U.S. private funds industry enjoyed a legal win yesterday, as the country's Court of Appeals for the Fifth Circuit vacated U.S. regulator the Securities and Exchange Commission's private fund adviser rule on the grounds that it is unlawful and exceeds the regulator's authority to enact. In September 2023, law firm Gibson, Dunn & Crutcher LLP filed suit on behalf of trade groups the Alternative Investment Management Association, the Managed Funds Association, the National Association of Private Fund Managers, the Amer ..read more