Today's Exclusives

• Opalesque Exclusive: Risk is being socialised, says author Alexander Ineichen [more]

  B. G., Opalesque Geneva: In 2008, Warren Buffett issued a challenge to the hedge fund industry, which he thought charged exorbitant fees that the funds' performances could not justify. Protégé Partners LLC accepted, and the two parties placed a million-dollar bet.

• 2021 could be "breakout year" for hedge funds, says Barclays [more]

  Laxman Pai, Opalesque Asia: Hedge funds could draw between USD10 billion and USD30 billion of projected net inflows from investors, and around USD450 billion in gross allocations, in what could prove "a breakout year" for managers, said Barclays in a research report. "Hedge funds could be

• ESG investments set to grow more after strong 2020 [more]

  Laxman Pai, Opalesque Asia: Environmental, social, and governance (ESG) investments saw a strong performance and an influx of flows in 2020 and are expected to be a key driver of organic asset growth for money managers in 2021 said a study. "ESG themed investments have seen increasing dem

• Barclay Hedge Fund Index up 0.98% in January [more]

  Opalesque Industry Update - Hedge funds started 2021 on a positive note returning 0.98% in January, according to the Barclay Hedge Fund Index compiled by BarclayHedge, a division of Backstop Solutions. By comparison, the S&P 500 Total Return Index was down 1.01% in January. Gainers outnumbered l

• Peregrine Capital partners with Prescient Fund Services for its first Global Equity UCITS Fund [more]

  Opalesque Industry Update - Peregrine Capital (Pty) Ltd will start marketing its Peregrine Capital Global Equity Fund, following its launch on 18 November 2020. The fund, which sits on the Prescient Global Funds ICAV platform and is authorised by the Central Bank of Ireland, will initially be distri

Today's Other Voices

• Other Voices: Hedge fund launches in 2021: obstacles and opportunities [more]

  By Aaron Steinberg, Head of Prime Services Sales and Relationship Management at BNY Mellon Pershing There were 42 launches in Q3 of 2020-the lowest of any fiscal quarter of the last five years-and of those launch

More Exclusives

• 24. Feb. | Opalesque Exclusive: Arion Investment Management launches multi-strategy commodity fund platform [more]

  Bailey McCann, Opalesque New York for New Managers: Arion Investment Management, a London based commodity specialist, has launched a new multi-strategy commodity fund platform. Arion Alpha Strategies SPC includes fi

• 22. Feb. | Opalesque Roundup: 59% of hedge funds report positive results for January: hedge fund news, week 08 [more]

  In the week ending February 19th 2021, eVestment released January 2021 hedge fund performance data which showed that hedge funds started 2021 on a high note with aver

• 17. Feb. | Opalesque Exclusive: London manager to launch absolute return options fund [more]

  B. G., Opalesque Geneva for New Managers: Carmika Partners LLP is a discretionary investment manager that specializes in quantitative volatility trading. Th

• 17. Feb. | Opalesque Exclusive: Pensions fill a 'fixed income sized hole' with alternatives [more]

  Bailey McCann, Opalesque New York: Pension funds continue to shift toward alternatives, according to a new study from pension consultants Willis Towers Watson. In 2000, just 7% of pension fund assets in developed economies were allocated to private markets and other alternatives, that number now

• 16. Feb. | Opalesque Exclusive: Apis Global Discovery Fund's winning streak extends into January after ending 2020 up 70% [more]

  Bailey McCann, Opalesque New York: 2021 opened with another positive month for global equities and some funds were able to take advantage. The Apis Global Discovery Fund, from Apis Capital Advisors, ended the month up 8.4% building on strong 2020 returns of over 70% net. January marks the st

• 15. Feb. | The five best performing hedge and mutual funds from April 2020 to December 2020 [more]

  Matthias Knab, Opalesque: The five best performing hedge and mutual funds from April 2020 to December 2020 This brief article, compiled by AlternativeSoft, examines the five best performing hedge funds and the five

• 15. Feb. | Opalesque Roundup: Hedge funds gain during turbulent January: hedge fund news, week 07 [more]

  In the week ending February 12th 2021, HFR reported that hedge funds advanced in January to begin 2021, actively trading through a turbulent month dominated by a volatile

• 10. Feb. | Opalesque Exclusive: Logica Capital Advisers capitalizes on retail volatility to end January in positive territory [more]

  Bailey McCann, Opalesque New York: After years of calm markets, 2020 turned out to be the year tail risk funds were waiting for. Tail risk and other volatility strategies ended 2020 up significantly after 8 years of underperforming. Los Angeles-based Logica Capital Advisers was one of them.

• 08. Feb. | Opalesque Roundup: Hedge funds post annual return of +16.63% in 2020, the highest since 2009: hedge fund news, week 06 [more]

  In the week ending February 5th 2020, Preqin said that returns across hedge fund asset class were +16.63%, ahead of the S&P 500 PR Index (16.26%), resulting in the asset class' highest annual return sin

• 05. Feb. | ESG innovation measures environmental and social impact at product level [more]

  Laxman Pai, Opalesque Asia: Richmond Global Sciences (RGS) today launched RIFT - Real Impact in Financial Terms - the first-ever assessment of environmental and social impact at the product level, aligning with the pioneering work of the Impact Weight Accounts Initiative. "The future of ESG

• 04. Feb. | Opalesque Exclusive: Sender Company & Partners rides retail trading volatility to +16% gains in January [more]

  Bailey McCann, Opalesque New York for New Managers: Hedge fund Sender Company & Partners ended January on a high note. According to a letter to investors reviewed by Opalesque, the fund is up 16.63% net for the mont

• 02. Feb. | Opalesque Exclusive: New York lawyers expect uptick in D&O and R&W insurance claims [more]

  B. G., Opalesque Geneva: Ken Frenchman, managing partner at law firm Cohen Ziffer Frenchman & McKenna, explains why he expects a surge in D&O (directors and officers) claims and R&W (representations and warranties

• 01. Feb. | Opalesque Exclusive: Trend followers find new opportunities in 2021 [more]

  Bailey McCann, Opalesque New York: 2020 was a big year for trend followers. As the pandemic took over global markets and economies the market regime that dominated the past decade faded away. That created a unique environment for trend followers - one that is likely to continue this year. A new p

• 01. Feb. | Opalesque Exclusive: Legeis Capital rethinks alternatives and insurance [more]

  Bailey McCann, Opalesque New York: A group of insurance industry veterans have come together to form Legeis Capital. Legeis is designed to provide reinsurers with access to public and private investments that typically have higher returns than the fixed income portfolios common within the insuran

More Other Voices

• 11. Feb. 2021 | Other Voices: Congress restores and codifies expansive SEC fines authority [more]

  By: Catherine Botticelli , Anthony S. Kelly, Eric Auslander, Dennis Lawson and Lindsay E. Ray Overriding a presidential veto, Congress on January 1, 2021 enacted the William M. (Mac) Thornberry National Defense Authorization Act (NDAA) for Fiscal Year 2021. In part, the NDAA restored significant

• 27. Jan. 2021 | Other Voices: Private equity ends 2020 on a high [more]

  By: Ian Bagshaw | Oliver Brahmst | Daniel Yeh Global private equity dealmaking continued its dramatic return to form in the fourth quarter, posting a strong finish to the year. Total deal value in Q4 came to US$336.5 billion, a 40% increase on the same quarter in 2019, while volume climbed 12% t

• 20. Jan. 2021 | Other Voices: IRS final carried interest rules favorable to fund managers [more]

  By: Michele J. Alexander, Barnes & Thornburg On Jan. 7, 2021, the Internal Revenue Service (IRS) and the Treasury Department issued final regulations regarding the treatment of carried interests, or profits interests in partnerships that generally entitle service providers to share in appreciati

• 05. Jan. 2021 | Other Voices: Top hedge fund industry trends for 2021 [more]

  By: Don Steinbrugge, Agecroft Partners 1. Hedge fund industry AUM to reach all-time high driven by net inflows Hedge fund industry assets will reach an all-time high in 2021 driven by one of the largest positive net inflows into the hedge fund industry in over a decade. Although the

• 29. Dec. 2020 | Other Voices: SEC gives "special purposes" brokers the go-ahead on digital assets custody [more]

  By:Peter LaVigne, Nicholas Losurdo, Jana Steenholdt - Goodwin Christmas came early for many in the digital asset community by way of a statement from the U.S. Securities and Exchange Commission on December 23, 2020 that grants relief in the area of broker "custody" of digital asset securities. T

• 29. Dec. 2020 | Other Voices: SEC gives "special purposes" brokers the go-ahead on digital assets custody [more]

  By:Peter LaVigne, Nicholas Losurdo, Jana Steenholdt - Goodwin Christmas came early for many in the digital asset community by way of a statement from the U.S. Securities and Exchange Commission on December 23, 2020 that grants relief in the area of broker "custody" of digital asset securities. T

• 17. Dec. 2020 | Other Voices: Congress gives SEC 10-year window to pursue fraudulent funds [more]

  By: Kevin R. Edgar, Teresa Goody Guillén, Bari R. Nadworny and Michelle N. Tanney On December 8, 2020, the U.S. House of Representatives approved final passage of a $740.5 billion annual defense policy bill, the William M. (Mac) Thornberry National Defense Authorization Act for Fiscal Year 2021b

• 30. Nov. 2020 | Other Voices: UK private equity: horizon scanning for 2021 [more]

  By: Simon Beddow and Ian Ivory, Bryan Cave Leighton Paisner In a year dominated by the pandemic, it is easy to lose sight of some of the more granular legal developments and trends coming over the horizon for 2021 which, in their own ways, can also have a significant impact on the UK/EU private

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GOLD FUTURES (@GC) – Daily

Currently: Short Looking to: Cover @ 1,

As of 2/19/21 close: 1,783.35

LAST WEEK: We suggested shorting gold at 1,838.80 with stops honored on a close above 1,843 and would look to cover those shorts at 1,754.

UPDATE: Gold bounced Friday and could rally a bit longer. But, there definitely appears to be more downside in gold’s future. We are adjusting our downside targets modestly to 1,754, 1,722.50 and 1,701.8. We would look to sell longs / get short in gold on a bounce to 1,819.30 with stops honored on a close above 1,824.60 and would look to cover those shorts at 1,722.50. We would look to get long of gold at 1,701.80 with stops on a close below 1,695 and with an upside target of 2,100.