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Alternative Market Briefing

The Corona Fighters Report 34: Asset managers who delivered in the downturn

Wednesday, May 27, 2020

amb
Bailey McCann, Opalesque New York:

Amid the current market turmoil, this is our regular report on hedge funds and alternative asset managers who are bucking the trend.


Risk management leads the way

Balyasny Capital Management's flagship Atlas strategy is up 10.87% year to date, according to performance data for investors reviewed by Opalesque. The fund has an annualized return of 7.40%. Balyasny Capital Management is led by Dmitry Balyasny. The fund uses a variety of investment strategies to generate alpha.

Last month, Balyasny was in the news for its new investments in building out its "quantamental" capabilities. Speaking in a webinar, Carson Boneck, chief data officer at Chicago-based Balyasny, spoke about the potential for greater alpha generation as a result of merging fundamental and quantitative analysis. The shift comes on the heels Balyasny's overhaul of its approach to risk management. The firm has invested in a ground-up revamp in order to improve investment returns.

China bounces back

Pinpoint Asset Management Limited's flagship Pinpoint China Fund is up 7.42% year to date, according to performance data for investors reviewed by Opalesque. The strategy invests in companies that derive most of their revenue and growth from the Greater China region. The long/short strategy has generated an annualized return of 19.79%.

Earlier this week, the US moved a step closer to forcing US-listed Chinese companies to delist in the states and return home. According to a Wall Street Journal analysis, the move could be beneficial for Chinese companies and for Chinese exchanges. Companies that were forced to de-list in the US may have higher valuations that they can bring home as they re-list elsewhere.

Economic indicators suggest that China is starting to see signs of economic recovery as it moves past the first wave of the pandemic. Chinese exports unexpectedly rose in April, although it is too early to tell if the trend continues.

***

Last issue of The Corona Fighters Report: Report 33.

Opalesque's Corona Fighters reports are open articles. To see all past reports, type Corona Fighters in our search engine: www.opalesque.com/index.php

***

Disclaimer: This is not investment advice. Opalesque has not verified this information and gives no warranty of accuracy or completeness. Past performance is not indicative of future results. See our Terms & Conditions for more information.

***


WEBINARS:

Meet 10 fund managers and learn how and why their strategies delivered positive returns and/or protected capital during the Corona led market meltdown! Each webinar lasts one hour and features five managers.

"A well-chosen topic of discussion and a great set of speakers to hear and learn from."
"I enjoyed the webinar and found the introduction to the strategies to be diverse and insightful.
"Very resourceful and insightful."


VIDEO REPLAY of CORONA FIGHTERS - Episode 1 webinar:
www.opalesque.com/webinar/#pw4

VIDEO REPLAY of CORONA FIGHTERS - Episode 2 webinar:
www.opalesque.com/webinar/#pw5


Video replays of Opalesque's past webinars can be found here: www.opalesque.com/webinar/#pastwebinar


Don't miss our new webinars!


How quants achieve material improvements in ESG investment performance

Time: Thursday, June 18th, 10:00 am EST
Details and registration: www.opalesque.com/webinar/ESG/


Corona Fighters Episode 3

Meet more asset managers who delivered during the melt down

Time: Tuesday, June 23rd, 10:00 am EST
Details and registration: www.opalesque.com/webinar/



Opalesque's upcoming webinars: www.opalesque.com/webinar/


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