Accendo Onboards a New PM (Hedge Nordic)
Stockholm (HedgeNordic) – Activist investor Accendo Capital has expanded its investment team by hiring Nicholas Bianco as a portfolio manager. Based out of Accendo’s Malta office, Bianco is joining the activist investor’s three-member investment team consisting of Henri Österlund, Mark H. Shay and Kai Tavakka. “We are delighted to welcome to the Accendo investment team Nicholas Bianco,” writes the Accendo team on LinkedIn. “Nicholas joins us with over 10 years of experience in investing across the full spectrum of the capital structure in various roles from event-driven funds to working closely with both public and private companies directly,” adds the team. “Welcome on board Nicholas Bianco.”
Vivaris Capital, LLC Partners with The Tesla Foundation to Form Tesla Climate Capital (PRNewswire)
SAN JUAN, Puerto Rico, April 13, 2022 /PRNewswire/ — Vivaris Capital, LLC, a multi-strategy fund offering hybrid hedge and private equity structures, announced today a strategic, joint-venture partnership with the Tesla Foundation to form Tesla Climate Capital. Tesla Climate Capital will commercialize leading technologies in vehicle electrification, energy storage, carbon sequestration, and power generation. It will also incubate aspiring global entrepreneurs active in the technology sector.
Bill Browder Warned Westerners Not to Take Russian Oligarch Money. They Should Have Listened. (Institutional Investor)
Former hedge-fund manager Bill Browder has spent more than a decade warning Western policymakers and financiers about Russian President Vladimir Putin. For years, Browder lobbied for legislation – known as the Magnitsky Act – that became the template for levying sanctions on Putin and his cronies even before the Russian president’s savage invasion of Ukraine.
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Long/Short Equity Hedge Fund with Bear Market Experience has a Winning Quarter (Opalesque)
Having experienced five years of bear market in Russia allowed Christian Putz to identify and profit from certain investment patterns which also work on a global basis. This hedge fund manager is now gathering profits in the current markets. London-based ARR Investment Partners‘ opportunistic long/short equity hedge fund, ARR Global L/S Equity Strategy, was up 16% (net) in March and 19.5% YTD, with a Sharpe Ratio of 0.60, and an annual return of 10.4%. It is currently up 27% YTD (as at April 13, 2022).
Hedge Fund Manager Confidence Levels Resilient Despite Global Economic Headwinds, Says AIMA (Hedge Week)
Confidence levels among hedge fund mangers remain resilient despite the war in Ukraine, Russian economic sanctions, and global inflationary concerns, according to AIMA. Hedge fund returns have been mixed, with some strategies struggling while others have racked up bumper returns, resulting in wide performance dispersion across the industry. While some fund strategies have experienced a challenging start to the year, others have thrived.
