Managing the Denominator Effect: A Portfolio Trading Perspective

The market downturn last year presented a vortex of formidable challenges to investors. Most significantly, the rapid decline in prices for publicly-traded securities bred the emergence of portfolio imbalances. This created an unexpected ...
7 min read

The State Of Distressed Debt Investing

Since the GFC, a combination of prolonged ultra-low interest rates to sustain economic growth and fiscal and monetary backstops at times of trouble has helped support earnings growth and appreciating valuations, ultimately fueling the ...
6 min read

Hedge Funds Perspective On Converts for 2023

Overview Of The Convertibles Market Convertible securities (“CB”, or “converts”) offer investors the potential for equity-like appreciation while providing the downside risk protection of a fixed-income instrument. The defensive nature of ...
6 min read

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The Exclusive Club of Multi-PM Hedge Funds

In February of this year, we highlighted a trend amongst hedge funds of locking up investors capital for longer time periods, but we noticed that this trends applied to a small number of successful managers, both in terms of recent ...
7 min read

Credit Hedge Funds Are Back

Credit Managers: Yet Another Comeback Story? 2022 has been marked by a confluence of geopolitical event, as well as the return of a persistent inflation which triggered the first sustained tightening of monetary policy since before the ...
5 min read

Co-investments In The Context of Hedge Funds

Traditionally, co-investments were part of the playbook of the PE industry (but also real estate, infrastructure and energy partnerships) for many years. Over time, they have been gradually adopted by the hedge fund industry (and other ...
4 min read

Are Short Sellers in Trouble With The Regulators?

A Criminal Investigation Into Potentially Illegal Short-Selling Practices In December 2021, news broke that US criminal authorities have been gathering information on the symbiotic relationships between dozens of short selling hedge funds ...
3 min read

Are Top Hedge Funds Too Hot To Invest?

Over the past year and a half, we’ve observed that a growing number of prominent hedge funds have been amending their liquidity terms to steer investors towards longer lockup share classes and/or vehicles. While this may not a new ...
5 min read
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