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Editor's Note
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2nd LEG DOWN or not, it's still a good idea to look at these five investment managers and their succinct presentation how and why their strategies delivered positive returns and/or protected capital in Q1. With Q&A session. Opalesque's CORONA FIGHTERS - Episode 2 webinar (May 19th 10 am EST) presents:
- Jagdeesh Prakasam , CAIA - CEO, Rotella Capital Management
- Michael Kretschmer, CFA, CMT
- CIO, Pelargos Capital
- Jay Feuerstein, MBA - Founder & CEO, Trident Capital Management
- Elias NECHACHBY, CFA - Founder, Icon-MoSAIQ-Carmika
- Tony Bremness, CFA
- Managing Director, Laureola Advisors
700 people registered for the CORONA FIGHTERS - Episode 1 webinar, where we received great feedback such as:
"A well-chosen topic of discussion and a great set of speakers to hear and learn from."
"A great format. Really informative." "Very resourceful and insightful."
For investors only - register now as seats are limited: https://www.opalesque.com/webinar/
How quants achieve material improvements in ESG investment performance
Secure your spot at our ESG & Quants webinar (June 18th): https://www.opalesque.com/webinar/ESG/
While the first iterations of ESG investing are based on relatively simple data analysis and scoring, investors can now benefit from the next round of innovations that highly specialized quantitative investment experts are offering investors to achieve material improvements in ESG investment performance.
This Opalesque SKILLSLAB webinar will cover:
- Brief review of long-term performance of ESG funds: Near-market returns and unmitigated market risk may not represent the apex of achievable ESG performance
- How a new quantitative approach to ESG strategy can guard against the key risk of acute economic contraction by mitigating downside risk.
- Three ways this quantitative approach can improve an ESG portfolio's risk/return profile:
1. Integration of timely and broad ESG datasets
This allows for the manager to combine big data and ESG metrics to assess the performance and sustainability of companies worldwide
2. Dynamic stock selection and weighting using machine learning techniques
Alternative techniques taking risk exposures into account have the potential to better manage portfolio volatility.
3. Integration of orthogonal strategies to mitigate market risk and enhance performance
The addition of a diversifying trend strategy to the mix has the potential to elevate investor experience away from market risk, and beyond market-only performance.
You will be able to tune in to this webinar from any computer, tablet, or smartphone. The webinar will be recorded - in case you are not able to join, all registered participants will be provided a link to replay the webinar.
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Opalesque Roundup: CTAs and trend-following hedge fund strategies maintain their momentum, hedge fund news, week 20
In the week ending May 15th 2020, CTAs and trend-following hedge fund strategies maintained their recent impressive momentum, profiting from continued trends across commodities and bond markets, new Société Générale data for April showed. As the economic toll of the novel coronavirus mounted, managed futures posted another positive month in April and gained 0.12% according to the Barclay CTA Index and year-to-date, CTAs gained 1.43% through the end of April.
BarclayHedge also said that U.S. stocks had their best month in decades in April and hedge funds sailed to a 5.46% return in April, according to the Barclay Hedge Fund Index. By comparison, the S&P 500 Total Return Index was up 12.8% in April.
eVestment also said that hedge funds gained an average of +5.02% in April after the largest average monthly loss on record in March, bringing average losses to -7.49% for the year. It is important to remember that while March losses were worse than any single month prior, during the global financial crisis there were large losses in both September and October, and losses in surrounding months as well though not of the same magnitude.
Echoing the same sentiments, hedge funds recouped some of the losses they suffered amidst pandemic-induced market chaos, said Eurekahedge. The Eurekahedge Hedge Fund Index was up 3.73% in April - recording its strongest monthly performance in recent years, supported by the strong performance of the underlying global equity market as represented by the MSCI ACWI IMI (Local), which gained 10.47% over the month.
In new launches, London-based hedge fund Cheyne Capital is planning a new vehicle to buy up debt that's been excessively punished by the coronavirus selloff, the latest in a number of investment firms targeting distressed credit; Emergence, the fund dedicated to accelerating entrepreneurial management companies, announces that it has appointed NewAlpha Asset Management as the investment manager of its future European sub-fund, Emergence Europe, which will be launched before the end of the year, and US-based asset manager Golub Capital announced that it has raised $3 billion of new investment firepower in the past six weeks.
In the meantime, Colorado-headquartered private equity investor Rubicon Technology Partners closed a new fund, Rubicon Technology Partners III, at over $1.25 billion, exceeding the fund target of $250 million set by the company; BDT Capital Partners raised $9.1 billion for its third investment fund, exceeding the amount it had initially sought and Digital Colony, an arm of Tom Barrack's Colony Capital Inc., is seeking at least $6 billion for its second fund dedicated to communications-infrastructure bets
Further in new launches, international investment firm Cathay Capital Private Equity announced the final close of its second Sino-European Mid Cap Fund at $850 million; As economic prospects cloud and volatility returns to all asset classes, investors are looking for alternatives to traditional alternative investments and meeting this need, the Aaro DLT Multifund launched on May 1, 2020; Thoma Bravo is back in the market seeking commitments for its third fund focused on midmarket investments, despite the disruptions posed by the coronavirus pandemic; Dallas-based venture capital firm Energy Spectrum Capital has wrapped up fundraising for its latest vehicle with $969 million; Crow Holdings is targeting a $1.5bn (€1.4bn) capital raise for its latest US value-add real estate fund, while Fortress Investment Group LLC is seeking more than $1 billion for its second lending fund
In performance news, CQS Directional Opportunities fund, a hedge fund run by billionaire trader Michael Hintze has suffered a second large fall in as many months, leaving it down roughly 50 per cent in what is shaping up to be its worst ever run of performance; After suffering its third-worst quarter in its history the Tiger Cub's major funds enjoyed their second-best month in the firm's history in April, according to its first- quarter letter obtained by II; Odey Asset Management's Odey European fund fell 9.5% in April and is now down 3.7% in 2020; Eric Bannasch's Cadian Capital surged about 18 percent last month, exceeding the S&P 500's 13 percent gain during the stock market's best month since 1987, and Verde Asset Management's flagship fund climbed 8.6% in April, its biggest monthly gain since 2009.
In institutional investor news, Texas Teacher Retirement System, Austin, committed $725 million to five alternative investment funds in April, a transaction report from the $167.2 billion fund showed; Louisiana Teachers' Retirement System, Baton Rouge, approve...
Click here to read Opalesque's full article
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BAI Alternative Investor Conference 2023 (BAI AIC) April 23-24
BAI Alternative Investor Conference 2023 (BAI AIC) April 23-24
With Pre-Event on Law & Regulation on April 22, 2024 - Kap Europa, Frankfurt
The German Association for Alternative Investments (BAI) is hosting the conference for institutional investors and the AI industry. Attendees can expect a varied program with highly topical and entertaining presentations as well as panel discussions on topics including Infrastructure, ESG, the current interest rate phase, Private Equity and much more.
In the evening of April 23, a get-together will take place in the Gesellschaftshaus at Frankfurt Zoo. The mind reader Thorsten Havener will give a keynote speech here.
The keynote speakers at this year's AIC include:
- Prof. Dr. Bernd Raffelhüschen, Forschungszentrum Generationenverträge, Albert-Ludwigs-Universität Freiburg
- Prof. Oliver Gottschalg, PhD, Strategy Department, HEC School of Management: "How AI will turn the Private Equity world upside down"
- Prof. Dr. Isabell Welpe , Chair for Strategy and Organization, TUM School of Management: "From Algorithms to Assets: How artificial intelligence is transforming the investment sector"
- Christoph Junge, Head of Alternatives, Velliv gives the investor presentation on: "A look under the hood: Alternative Investments at Velliv, a commercial pension fund"
An investor workshop with keynote speeches by institutional investors and the investor dinner complete the AIC.
Further information and registration: https://www.ai-conference.com/en/
Or contact Bundesverband Alternativer Investments (BAI)
Christina Gaul
+49 228 969870
events@bvai.de
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GAINING THE EDGE - GLOBAL CAP INTRO VIRTUAL CONFERENCE June 17-28
Record Attendance expected: Your invitation to the 5th GAINING THE EDGE Virtual Cap Intro June 17-28
Agecroft Partner's 5th GAINING THE EDGE will be the largest virtual cap intro event for the remainder of the year.
Don't miss out on the largest and most influential virtual capital introduction event remaining this year. GAINING THE EDGE is renowned for its exceptional scale and quality, offering unparalleled opportunities in the investment management industry.
Exclusive Registration Benefits For Investors:
- Two Weeks of Optimized Networking:
Benefit from meaningful interactions without the fatigue of travel and crammed back-to-back meetings. Enjoy high-quality, flexible scheduling over two weeks, with our 24/7 open meeting scheduler accommodating global time zones across North America, Europe, the Middle East, and Asia. Diverse and Unique Range of Participating Managers: Virtual format, lower price point and no need for physical travel attract a wider range of managers. Low overlap of managers and investors with other cap intro events makes the event distinct and highly complementary to other independent and prime broker-sponsored capital introductions.100% Self-Directed and Flexible: You decide when, for how long, which and how many managers to meet (Agecroft suggests investors to book a minimum of just 5 meetings).
Investors register here: https://gainingtheedge.wufoo.com/forms/z5fxojr18lq3k2/
Exclusive Registration Benefits For Managers: Grab Your $3,478 Goodie Bag
- Special Pricing: Register for just $4,975 with no hidden costs - a steal considering the absence of travel, hotel, or yearly membership fees.
- BONUS Gift 1: "Asset Raising" Digital Masterclass by Opalesque ($2,999 Value): Elevate your asset-raising game with:
- 16 Video Modules spanning 3 hours and 33 minutes
- 42 Workbook Pages
- 29 Unique Guerrilla Tactics (shortcuts to success)
- Testimonials: "Secured three times more meetings and doubled closing rates."
More testimonials at https://www.fundmanager.tools
- What you'll learn: Detailed overview of all 16 video modules: Download PDF
- BONUS Gift 2: One-Year Subscription to NEW MANAGERS by Opalesque ($200 Value): Since 2012, a monthly publication with full archive access.
- BONUS Gift 3: One-Year Subscription to Alternative Market Briefing by Opalesque ($279 Value): Daily insights since 2003, with access to an archive of over 400,000 articles.
Your Pathway to Exceptional Opportunities Starts Here: Register using this exclusive link to claim your three bonus gifts valued at $3,478 along with your event registration: GAINING THE EDGE Registration.
Why GAINING THE EDGE Stands Apart:
- Record-Breaking Attendance:
Our previous virtual cap intro event attracted over 1,900 registrations, featuring a diverse and unique range of managers, distinct from other large independent and prime broker-sponsored capital introductions.
Expert-Led Interactive Panels: Engage in over 10 hour-long Interactive Panel Style Discussions. Gain insights from top decision-makers in alternative investments, including pension funds, endowments, foundations, institutional consultants, family offices, and fund of funds.
Alternative Investment Industry Leading Conference Organizer Since 2013: From 2013 to 2016, Agecroft Partners was a co-producer of Hedgeopolis, one of the top hedge fund conferences in the industry. From 2016 to 2020 sold out 6 conferences in a row with over 2,000 registrations while its most recent cap intro events ranked as the largest virtual events in the history of the alternative investment industry. In addition, over 32,000 professionals subscribe to their Hedge Fund Industry Insight Newsletter.
Philanthropy: A percent of profits to be donated to charities that benefit at-risk youth. To date, GAINING THE EDGE LLC and Agecroft Partners have donated over $3 million dollars to these organizations.
Act now: Bonus gifts valued at $3,478 only available to registered managers of the 2024 GAINING THE EDGE conference. Secure your spot here: GAINING THE EDGE Registration.
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Ironshield Capital and David Nazar: How to build one of the longest, most successful track records in credit |
Founded in 2007, London-based Ironshield Capital Management has one of the longest and most successful track records in credit investing, delivering equity-like returns whilst limiting drawdowns. The team is one of the most experienced European Distressed groups in Europe and runs a range of attract...
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Technical Research Briefing |
S&P FUTURES (@ES) – Daily
Currently: Long Looking to: Sell @ 4,118.75
As of 3/21/21 @ 7:58pm EST: 3,896
LAST WEEK: We suggested buying dips to 3,875 with stops on a close below 3,840 and with a target for selling longs / getting short at 4,118.75.
UPDATE: S&P futures had a terrible day Thursday and limped into the weekend. Right now, we put possible short-term ceilings at 3,918 or 3,950. If 3,918 holds as short-term resistance, we will look for a dip in the ES futures to 3,818 – 3,820. If 3,950 is tested and holds as resistance instead, we will look for a dip to 3,848 – 3,850 to follow. After this bounce and subsequent dip, we will be buying S&P futures aggressively (unless evidence presents itself that forces us to change our opinion) near one of those support levels.
We would look to buy dips to either 3,849 or 3,818.50 with stops honored on a close below 3,847 and 3,815, respectively. The upside target for either entry will be 4,119. NO SHORTING RIGHT NOW!
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