Fri, Jul 1, 2022
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing Weekly

Opalesque Roundup: Hedge funds sold tech shares at fastest pace in a decade: hedge fund news, week 1

Saturday, January 08, 2022

In the week ending January 7th 2022, the hedge fund community dumped tech stocks in the four sessions between Dec. 30 and Tuesday as interest rates spiked. The four-session tech unloading marked the biggest sale in dollar terms in more than 10 years, reaching a record since Goldman Sachs' prime brokerage started tracking the data.

Donald A. Steinbrugge, CFA, Founder and CEO of Agecroft Partners, LLC, has published the firm's 13th annual predictions for the biggest trends in the hedge fund industry for 2022. These predictions are based on insights from more than 2,000 institutional investors globally and hundreds of hedge fund organizations. The hedge fund industry is dynamic and Steinbrugge believes 2022 will be the most transformative in its history. Managers and investors can benefit from anticipating and preparing for the changes that are likely to occur. Those who effectively evolve with the industry improve their chances of success, while firms who remain stagnant, do so at their own peril.

In performance news, Chessica LP, a market-neutral hedge fund, may have changed hands a few times but it is still thriving with annualised returns of 11.8% since its early-2010 inception; Crispin Odey's fund finally ended the year with a gain of almost 54% after wild ride; Ken Griffin's Citadel bested its mega-multistrategy peers, posting a 26% return for 2021, and Citadel posted gains of 26.3% in its flagship fund in 2021, besting rivals.

Meanwhile, Senvest Management - which famously made "one of the great fortunes of the January market mania," as the Wall Street Journal described it, by being long GameStop ahead of the frenzy - generated full-year returns of 85 percent; Steve Cohen's Point72 and......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Alts managers sitting on over $2.5tn+ of dry powder[more]

    Laxman Pai, Opalesque Asia: In the current rising interest rate environment, investment activity in the private markets has continued to grow, revealed a study. "With alts managers sitting on over $2.5T+ of dry powder and continuing to enjoy premium valuations and interest rates on a prec

  2. Opalesque Exclusive: Hong Kong manager expects additional tailwind in Asian markets[more]

    B. G., Opalesque Geneva: The Asia equity markets have not been at their best so far this year, with the MSCI Asia index down almost 13% YTD, but many managers remain buoyant about the region, as in

  3. The Big Picture: With the war, E, S, and G have collectively moved back to the fore[more]

    B. G., Opalesque Geneva: In this interview, Dr. Patrick Welton, founder and CIO of Welton Investment Partners, offers his observations on the major macro themes expected to affect the comm

  4. Other Voices: The selloff is overdone[more]

    Authored by Heeten Doshi, founder of Doshi Capital Management. Anyone who is still bearish and calling for more downside is foolish. The selloff is overdone. To point to further declines from here is poor risk management. With the Nasdaq 100 down 22% and S&P 500 down 13% for the year

  5. Other Voices: ESG exuberance is at all-time highs. But will investors buy?[more]

    As investors increase their focus on mission-based investing, they continue to grapple with ESG and what it means to them. By David Shalom, Director of Capital Introductions at Pershing Innovation. New investment solutions. That's how managers deliver value and attract new inve