Articles by: Glenn Leaper

Man GLG Expands Machine Learning Operations

Man GLG Expands Machine Learning Operations

Stockholm (HedgeNordic) Man Group has expanded its machine learning operations to its subsidiary Man GLG, the discretionary hedge fund with $28.8 billion in AUM. As previously reported by HedgeNordic, Man AHL launched the Oxford-Man Institute, a machine-learning centre last year together with Oxford University designed to share and leverage machine techniques and data analytics. In addition, Man GLG has created[Read More…]

by 01/05/2017
Ericsson Pensionsstiftelse Adds Long-Only Managers

Ericsson Pensionsstiftelse Adds Long-Only Managers

Stockholm (HedgeNordic) –  Ericsson Pensionsstiftelse (EPS), a Stockholm-based SEK 21 billion ($2.3 billion) pension fund covering Ericsson employees, is breaking with its strategy of the past five years and is adding active long-only managers to its equity allocation, an exposé of the fund’s current strategy by Sarah Rundell in top1000funds.com reveals. “We haven’t used long-only managers in equity recently because[Read More…]

by 21/04/2017
Pray Tell, Why Such Grandiose Names?

Pray Tell, Why Such Grandiose Names?

Stockholm (HedgeNordic) – Investors should be wary of hedge funds with grandstanding or overly serious names reflecting authority, trust and power, a recent report from Juha Joenväärä from Centre for Hedge Fund Research at the University of Oulo in Finland and colleague Christian Ioan Tiu from the University at Buffalo, have found. Upon examining 18,000 hedge funds globally managing on[Read More…]

by 21/04/2017
UK Election Doesn’t Pre-Empt Fears of “Hard” Brexit

UK Election Doesn’t Pre-Empt Fears of “Hard” Brexit

Stockholm (HedgeNordic) – UK Prime Minister Theresa May’s decision Tuesday to call a snap General Election on June 8 is “not without risk,” according to Mike Amey, head of sterling portfolio management at PIMCO. However, the prospects of a victory for Labour and its leader Jeremy Corbyn are low, with a 20-point lead in the polls for the Conservatives who[Read More…]

by 20/04/2017
Michael Petry

Danske’s Petry Given New Portfolio

Stockholm (HedgeNordic) – Michael Petry, chief portfolio manager at Danske Bank’s flagship hedge fund Danske Invest Hedge Fixed Income Strategies, has been named the new lead manager of the Luxembourg-domiciled Danske Invest Sicav – Europe Absolute fund, according to information obtained by CitywireSelector.com. The Danske Invest Sicav – Europe Absolute fund returned 6.5% in euro terms on a three-year total[Read More…]

by 17/04/2017
Hedge Funds Anticipating French Elections Differently

Hedge Funds Anticipating French Elections Differently

Stockholm (HedgeNordic) – Hedge funds are displaying incongruent stances ahead of the first round of the French presidential elections in two weeks, according to Lyxor’s latest weekly brief. Following the electoral surprises of 2016 and an unpredictable race that has just been shaken up by an insurgent challenge from the far left, strategies are having different reactions. Global Macro funds[Read More…]

by 13/04/2017
Ambrosia Anticipates Shift in Riksbank Inflation Policy

Ambrosia Anticipates Shift in Riksbank Inflation Policy

Stockholm (HedgeNordic) – Ambrosia, the Swedish multi-strategy hedge fund incepted in March 2016 with SEK 2.6 billion ($290 million) in AUM, is anticipating a shift in Riksbank (Swedish Central Bank) policy following a current round of wage talks that could see it abandoning its long-standing focus on inflation. Trade unions and employers in the industrial sector agreed on annual wage[Read More…]

by 13/04/2017
Kreditbörsen Launches P2P Investor Lending Service

Kreditbörsen Launches P2P Investor Lending Service

Stockholm (HedgeNordic) – Stefan Willebrand, the former manager of a U.S.-based hedge fund, CEO of financial advisory firm Bricknode AB, and founder and chairman of Kreditbörsen, is now also the man behind a new Peer-to-Peer lending service for borrowers and investors in Sweden. Kreditbörsen’s speciality is offering borrowers a simple process for loan applications with risk-adjusted interest rates and exists[Read More…]

by 06/04/2017
Event-Driven Forges Ahead; CTAs Stumble

Event-Driven Forges Ahead; CTAs Stumble

Stockholm (HedgeNordic) – The Lyxor Hedge Fund Index has risen 0.5% in March, increasing 0.2% last week and approaching an average of 1.1% for Q1 2017, according to its weekly report. Event-driven strategies have outperformed during Q1, according to Lyxor, with special situations funds at the forefront and activist funds prospering in the range of 4-5& YTD. The Lyxor Equity[Read More…]

by 06/04/2017
Danish Active Equity Funds Outperform Benchmarks

Danish Active Equity Funds Outperform Benchmarks

Stockholm (HedgeNordic) – According to the latest S&P Indices Versus Active Funds (SPIVA) Europe Scorecard, 79% of Danish active equity funds are beating the SPIVA benchmark over a five-year period. This was by contrast to continuing poor performances among other European active equity funds, global equity funds, U.S. equity funds and Emerging Markets funds relative to the benchmark. The performance[Read More…]

by 03/04/2017
Linedata: Managers Anticipate Geopolitical Turbulence

Linedata: Managers Anticipate Geopolitical Turbulence

Stockholm (HedgeNordic) In line with previous reports that geopolitical risk is back as a major concern for asset managers, Linedata’s most recent Global Asset Management & Administration Survey for 2017 is showing that social and geopolitical turbulence across Europe and the U.S. have displaced more prosaic concerns a year about robo-advice, alternatives and cybercrime. According to the survey, nearly a[Read More…]

by 30/03/2017
“Trump Tracker” Devised To Help Managers Hedge

“Trump Tracker” Devised To Help Managers Hedge

Stockholm (HedgeNordic) – Research firm Sentieo has built a “Trump Tracker” for hedge fund managers and others wishing to stay on top of U.S. president Donald Trump’s wild and unpredictable twitter announcements. The president has shown a penchant for reacting instinctively and tweeting wild accusations and what could sometimes be interpreted as policy changes, much to the consternation of some[Read More…]

by 30/03/2017
No Fees Upfront? New Structures Sow Further Doubts

No Fees Upfront? New Structures Sow Further Doubts

Stockholm (HedgeNordic) – There are further signs the 2-and-20 model (2 per cent management fee and 20 per cent profits) that is the standard in the hedge fund industry may be on its way out. Following a recent Preqin study (reported here) that shows hedge fund managers increasingly viewing investor demands over fees as a key driver of change for[Read More…]

by 26/03/2017
Hedge Fund Liquidations Increase, Leading To Fee Flexibility

Hedge Fund Liquidations Increase, Leading To Fee Flexibility

Stockholm (HedgeNordic) – Hedge fund liquidations totalled 1,057 for  2016, with an increase of 23 to 275 total for Q4 2016, according to the  latest Hedge Fund Research Market Microstructure Report. This brings the  number of closed funds to the highest level since 2008, even as the  hedge fund industry surpassed the symbolic USD 3 trillion mark in Q4. The total[Read More…]

by 24/03/2017
CISDM Index: Hedge Funds Up 0.83% in March

CISDM Index: Hedge Funds Up 0.83% in March

Stockholm (HedgeNordic) – According to the CISDM Equal Weighted Hedge Fund Index, hedge funds were up 0.83% in March, bringing the index to a total return of 2.22% for 2017 so far. The Index is produced by the UMass Amherst Isenberg School of Management’s Center for International Securities and Derivatives Markets (CISDM). Equity-oriented fund strategies experienced strong performances in February,[Read More…]

by 24/03/2017
Lyxor: Slight March Setbacks, But Reduced Geopolitical Risk

Lyxor: Slight March Setbacks, But Reduced Geopolitical Risk

Stockholm (HedgeNordic) After predictions of a strong March for Hedge  Funds following a 0.8% increase in its first week, the Lyxor Hedge Fund  index is signalling a marginal setback due to macro, merger and credit  funds lagging. Macro funds’ USD exposure fell by a third due to long Emerging Markets  FX positions prior to the FOMC. Merger funds fell behind due[Read More…]

by 22/03/2017
New Hedge Fund Influx to Iceland, Following Capital Controls Lift

New Hedge Fund Influx to Iceland, Following Capital Controls Lift

Stockholm (HedgeNordic) A throng of hedge funds has moved back into  Iceland, acquiring a $450 million (48.8 billion Icelandic kronur) stake  in Arion Bank, following the lifting of capital controls in that country  a week ago. Arion’s largest shareholder sold roughly 10% stakes to Attestor Capital  and Taconic Capital Advisors UK. Other entities affiliated with Goldman  Sachs and Och-Ziff Capital[Read More…]

by 22/03/2017
CFA Institute: Geopolitical Risk is Back

CFA Institute: Geopolitical Risk is Back

Stockholm (HedgeNordic) – Historically, funds have diverged strongly as to the necessity of political risk assessment, depending on strategy, investment targets, geopolitical location and a host of other factors. Some, such as Sweden’s Informed Portfolio Management, see little need for it at all, considering broader calculations. Nevertheless, there are indications that views on the need to re-incorporate political risk into[Read More…]

by 17/03/2017
Preqin: Hedge Funds’ “Strongest Performance in Recent Years”

Preqin: Hedge Funds’ “Strongest Performance in Recent Years”

Stockholm (HedgeNordic) – Following 11 months of positive gains, the Preqin All-Strategies Hedge Fund Benchmark posted a 1.18% return for February, building further on the 1.43% gain in January. Losses on the index were last incurred last February (2016). Performance YTD has risen to 13.63%, the highest level since May 2013. Event-driven strategies (+1.46%) and equity strategies (1.54%) posted the[Read More…]

by 17/03/2017
Women-Led Hedge Funds Outperform, Despite Prejudice

Women-Led Hedge Funds Outperform, Despite Prejudice

  Stockholm (HedgeNordic) The HFRI Women Index has returned an average of 4.4% over the past 5 years, outperforming the 4.2% return of the HFRI Fund Weighted Composite Index, which takes into account all strategies and genders, according to the Financial Times. The conclusion, supported by earlier academic studies, is simple: hedge funds run by women outperform those run by[Read More…]

by 15/03/2017