Hintze’s Hedge Fund Broadens ESG Push With Plan for Green CLO (Bloomberg)
Michael Hintze’s hedge fund is mulling a green collateralized loan obligation in Europe as it expands its slate of socially responsible investments. In a letter to investors seen by Bloomberg, Hintze said CQS is investigating a European CLO aligned with environmental, social and governance criteria. About 60% of CQS’s $21.6 billion of assets under management are already so-called Article 8 mandates, which promote ESG investments, the letter said.
Entrepreneurial Accendo Strikes Again (Hedge Nordic)
Stockholm (HedgeNordic) – Warren Buffett has regularly used the analogy of baseball players striking the ball only within their sweet spot when talking about investing. Activist fund Accendo appears to have applied Buffett’s science of hitting with great success. Accendo has been enjoying a great ride over the past seven years, with its concentrated portfolio delivering exceptionally strong returns for investors in the past three years. Accendo booked a full-year gain of 58.4 percent for 2021 to bring its annualized return over the previous three years to 57.5 percent and its inception-to-date annualized return to 18 percent net of fees.
Fund Manager Gives His Tips for Young Investors and Explains One Major Risk on the Horizon (CNBC)
Hedge fund manager David Neuhauser, who has made a name for himself by betting against some of the market’s most popular stocks, shared with CNBC his tips for young investors. Speaking on the latest CNBC Pro Talks, Neuhauser suggested that investors should be wary of big-name technology stocks that have seen “explosive growth” over the past couple of years amid the coronavirus pandemic.
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‘Investors Have been Lulled to Sleep’: Value-Investing Legend Seth Klarman Warns that the Road Ahead for Stocks could Get Bumpy as the Fed Tightens – and Shares 4 Best Practices for Finding Success in the Market (Business Insider)
In his annual letter to investors last week, value-investing legend Seth Klarman issued a damning assessment of the current state of financial markets. Fiscal and monetary stimulus over the last decade-plus has fueled a wave of speculation by investors, allowed inflation to soar, and created a risky environment for investors going forward, the CEO and portfolio manager of the $31 billion hedge fund Baupost Group said.
Global Hedge Fund Industry Assets Top $4 Trillion for the First Time (Reuters)
LONDON, Jan 20 (Reuters) – Assets under management at global hedge funds topped $4 trillion for the first time ever at the end of 2021, as the prospect of rising interest rates combined with the pandemic made for a volatile end of the year, industry tracker HFR said on Thursday.
Twenty20 Capital Launches New USD20m Hedge Fund with MP Alpha Capital (Hedge Week)
London-based investment firm, Twenty20 Capital, has joined forces with MP Alpha Capital – making a cornerstone investment into the firm’s “post-Covid” hedge fund. MP Alpha Capital was founded by John Phillips and Damien Miller with the objective of creating a hybrid and asymmetrical fund mixing digital assets and equities, for the post pandemic world. The companies have successfully secured USD20 million during their first fundraising round, enabling the fund to go live in the AKJ Ecosystem – a fully digital hedge fund management service.
Renaissance Investor Exodus Nears $15 Billion Despite 2021 Gains (Bloomberg)
Many hedge fund managers would celebrate if they posted a 20% annual return, as Renaissance Technologies’ biggest fund did last year, beating industry benchmarks. Yet its customers keep heading for the exits. Redemptions from the firm — one of the world’s biggest, oldest and most sophisticated hedge fund operators — have swelled to about $14.6 billion across its three public funds over the past 14 months, according to investor documents seen by Bloomberg.
CABA’s Pedersen On a New Adventure (Hedge Nordic)
Stockholm (HedgeNordic) – Two years after joining Copenhagen-based fixed-income boutique CABA Capital as Chief Product Manager, Kristian Myrup Pedersen is heading for a new challenge at Danish family-owned investment company Faurby Capital. Pedersen will join as an analyst and will help support and strengthen Faurby Capital’s investment work.
Thursday 1/20 Insider Buying Report: NSTS, NYC (Nasdaq.com)
At NSTS Bancorp, a filing with the SEC revealed that on Tuesday, Director Thomas M. Ivantic bought 20,000 shares of NSTS, for a cost of $10.00 each, for a total investment of $200,000. So far Ivantic is in the green, up about 25.9% on their purchase based on today’s trading high of $12.59. NSTS Bancorp is trading down about 0.5% on the day Thursday. And at New York City REIT, there was insider buying on Wednesday, by Director Elizabeth K. Tuppeny who bought 9,200 shares for a cost of $11.83 each, for a trade totaling $108,836. New York City REIT is trading up about 2.5% on the day Thursday. Bargain hunters can bag NYC even cheaper than Tuppeny did, with the stock changing hands as low as $10.88 at last check today which is 8.0% under Tuppeny’s purchase price.
Cathie Wood’s ARK Invest Closes at 18-Month Low – Should You Rethink Your Investment Strategy? (GoBankingRates.com)
Is Cathie Wood’s ARK Innovation exchange-traded fund (ARKK) a sinking ship? Many analysts and media sources are saying it could be after it hit an 18-month low, falling 38% in the last 12 months, Time reported. Last week, it experienced its largest single day of outflows in 10 months, losing $352 million, according to SeekingAlpha.
3 Men Including an Officer Face Insider Trading Charges (The News Tribune)
Three men, including a Massachusetts police officer, were arrested Wednesday for allegedly conspiring to trade shares of a company based on inside information, federal prosecutors in Boston said. David Forte, 58, of Acton; John Younis, 59, of Bristol, Rhode Island; and Gregory Manning, 59, of Needham, are each charged with conspiracy to commit securities fraud, said a statement from the office of U.S. Attorney for Massachusetts, Rachael Rollins.
