Page 16 - Absolute Return News Today

Traditionally, investors have allocated to government bonds to provide portfolio insurance when stockmarkets have tumbled. This has been effective in the past, but with yields depressed to miniscule levels after more than a decade of quantitative easing, their efficacy to reprise this role is much diluted. Absolute return funds, in theory at least, therefore provide one of the few ways in which investors can now build protection into a portfolio. Unfortunately, the performance of the absolute r...

Man GLG adds co-manager on Jack Barrat’s £350m long/short fund James Houlden has been an analyst on the Man GLG Absolute Value fund since launch in June 2017 James Houlden of Man Group PLC, on 04 June, 2018, in London, United Kingdom. Man GLG has added James Houlden as a co-manager on Jack Barrat’s Absolute Value fund. Houlden (pictured) joined the asset manager in 2017, becoming an analyst on the £350m long/short strategy when it launched in June that year. Over the last three years the ...

Man GLG Absolute Value, which has £350m in AUM, seeks to identify companies with assets or returns that are undervalued by the market in long positions, and firms that are overvalued with deteriorating returns and outlook for short positions. The long/short fund aims to prove an absolute return in all market conditions net of fees in excess of 3-Month GBP LIBOR over one-year calendar periods. Man GLG Absolute Value has returned 7.4% and 18.1% over one and three years respectively, according to...

Gars manager resigns from ASI to seek ‘new challenge’ Neil Richardson says it was a ‘privilege’ working on absolute return giant but that he needed a change One of the lead managers on Aberdeen Standard Investments’ Global Absolute Return Strategy has resigned. In a Linkedin post, Neil Richardson said he had decided to step away from the fund group of his own accord, after nearly a decade, and was “looking for a new challenge”. Richardson was one of four portfolio managers on the ...

Lucy Nicholson/Reuters This story is available exclusively to Insider subscribers. Become an Insider and start reading now. Quant giant AQR has lost more than a third of it assets since the end of 2017. A report prepared by Callan states the firms AUM dropped from $224 billion to $140 billion. Since last summer though, the firm has seen banner performances from several funds. Quants had a tough 2020, but Cliff Asness AQR has been...

IA Targeted Absolute Return sector beats UK All Companies to become most viewed by advisers in Q1 2021 Events If you already have an account please use the link below to sign in. If you have any problems with your access or would like to request an individual access account please contact our customer service team. Searches on Square Mile’s Academy of Funds The most-researched fund overall in the quarter was the BNY Mellon Real Return fund Advisers have shown a renewed interest in targeted ab...

by Tyler Durden Thursday, Apr 15, 2021 - 08:10 PM Those wondering how hedge funds are doing may get conflicting answers depending on whom they ask. On one hand, according to Goldman Prime (best known these days for liquidating its margin called clients to extinction), the average Long-Short hedge funds was flat for Q1, with some outperformance observed only in the first two weeks of April. On the other hand, if one reads the FT, one finds articles such as " Hedge funds post best start to year s...

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Search Home / News / Revealed: Odey AM quietly rebrands £1.3bn of funds as Crispin Odey’s next trial date looms Revealed: Odey AM quietly rebrands £1.3bn of funds as Crispin Odey’s next trial date looms Funds managed by Crispin Odey himself have retained the ‘Odey’ moniker Odey Asset Management has quietly rebranded £1.3bn worth of funds as founder Crispin Odey prepares for his next date in court later this week, Portfolio Adviser has learned.    Seven ...

Huge losses on derivative trades at Geode Capital Management have forced the giant investment firm to close down its hedge-fund business.