Funds Management

It turns out that being a top performer can be tough as institutional clients pull money from favourites amidst broader equity de-risking.

“If you have style drift and you move into the latest hot thing, you’re gonna get whipsawed… That’s usually the death knell of a fund manager, that style drift.”

Chicago-based V-Square Quantitative Management has expanded its separately-managed account platform with the launch of its Global Equity ESG Materiality and Carbon Transition Indexed Strategy.

Any time you get great valuations, “it’s always messy”. But the indiscriminate sell-off in growth small caps presents the best buying opportunity since 2008. “Historically, people think of small cap growth as the wrong place to be in a rising interest rate environment – and it is, when people first start to think about a…

Equity markets occasionally need to be cleaned out, and the age of the “PowerPoint presentation business” is over. That doesn’t mean the end of quality growth. JPMorgan CEO Jamie Dimon recently made headlines with a warning that Americans should brace themselves for an economic “hurricane”. Nick Griffin, CIO of growth equities manager Munro Partners, was…

The old adage about volatility bringing opportunity is proving true for hedge fund managers globally, who are more confident than ever that their strategies will once again be a weapon of choice in the arsenals of the world’s largest investors. Around 83 per cent of the 100 respondents to a survey in SigTech’s 2022 Hedge…

The hunger for sustainable investing continues apace with Perennial winning a $100 million mandate from Mercer Investments for its Better Future small- and mid-cap strategy. Perennial says that the mandate “demonstrates Mercer’s confidence in Perennial’s Better Future approach to sustainable investment”. The Perennial Better Future strategy has seen strong growth in FUM over the last…

Australian investors are finally warming to Japanese equities after years of avoiding them for “good macro reasons.” Despite its status as a sophisticated developed market, Japan has been on the out with foreign investors for decades. GDP growth is anaemic, while interest rates and inflation have been close to zero per cent, and there’s been…

With investments in everything from music royalties to litigation financing, international private markets manager Northleaf is exploring a “robust pipeline” of deals Down Under. It seems that the spirit of the 1980s are alive and well in 2022. Inflationary pressures have forced Jerome Powell’s Federal Reserve to start acting a lot like Paul Volcker’s Federal…

There’s no end in sight for the pain in equity markets, and investors are rushing for the exit. But Australian equities offer a bright spot. While fund managers are offering up everything from declining short interest to super-sized rate hikes as evidence that markets will soon bottom, their investors seem less than convinced. Australian domiciled…

While value has been the winner of the recent market rout and growth the loser, a zealous adherence to either style could see managers burned by economic downturn. The ongoing market dislocation has opened another chapter in the blood feud between value and growth managers, with growth managers retreating to lick their wounds while value…

A punishing, indiscriminate sell-off has left opportunities lying on the floor. After a 13-year “anti-value phase”, the style is coming back into style. It seems that value is back – not just in a sputtering short-term rally that will soon be dispatched by rejuvenated growth stocks, but in a new cycle that US-based Pzena Investment…