Industry News
Wealth Management
Top stories summarized by our editors
1/24/2022

Investor withdrawals from hedge funds reached $19.96 billion during November, new data from eVestment's December and Full Year 2021 Hedge Fund Asset Flows report show, despite the full-year growth in assets under management reaching $15.9 billion. The firm's research lead, Peter Laurelli, says that although outflows in December crimped the year's performance, it "still goes down as the first year of net inflows since 2017 and second since 2015."

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Hedgeweek (London)
1/24/2022

Total hedge fund assets under management are estimated to have passed the $4 trillion mark in the final months of 2021 with total investor inflows into the sector during the year reaching $400 billion, figures from Hedge Fund Research show. Total industry capital has now risen by more than $1 trillion since the end of Q1 2020, after they dipped below $3 trillion at the start of the coronavirus pandemic in Q1 2020.

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Hedgeweek (London)
1/24/2022

Asset owners are cautiously open to the idea of investing in hedge funds with an exposure to private markets, as they look to tap early growth in non-public companies. "As companies stay private longer, they often become competitors to public companies," says one investor.

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Alicia McElhaney
1/24/2022

Hedge funds and other active managers failed to gauge the shift in equity markets this month and switch their exposures from growth to value stocks. Long-short funds fell 4% during the first 2 weeks of 2022, data from Goldman Sachs' prime brokerage unit show, while comparable figures from Morgan Stanley point to a similar trend.

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Bloomberg
1/24/2022

Short sellers could ultimately benefit from the Securities and Exchange Commission's proposals for greater market oversight thanks to reductions in borrowing costs, writes Robert Armstrong.

1/24/2022

The UK's Financial Conduct Authority has announced a temporary concession regarding transaction reports on the short selling indicator, pending overall changes to the UK transaction reporting regime. Responding to questions over possible penalties for errors or omissions in the required reports on the indicator, it confirms: "Until the future of the short selling indicator field (for the purposes of the UK MiFIR transaction reporting regime) has been determined, we will not take action against firms who do not meet these requirements."

1/24/2022

Federal Reserve officials have indicated they are expecting three quarter-percentage-point interest-rate hikes this year, but they could be forced to move more aggressively if inflation remains persistently high. Meanwhile, the central bank could use a meeting this week to renew talks on how to reduce the size of its asset portfolio.

1/24/2022

Sen. Bernie Sanders, I-Vt., is calling for a change in strategy on the Build Back Better agenda, advocating for votes on portions of the package. "I have the feeling that we will be able to get 50 votes or more on some of these issues," said Sanders, noting that it could be possible to "pass something that's very significant."

1/24/2022

So-called stay interviews can be useful tools for checking in with employees and identifying the factors that could either encourage them to remain in their positions or look elsewhere. These interviews should be in one-on-one settings and focus on identifying areas for improvement, writes Tomas Chamorro-Premuzic of ManpowerGroup.

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Tomas Chamorro
1/24/2022

Leaders need to develop a deeper understanding of themselves and move beyond surface-level interactions as they seek to learn about others to achieve success in a hybrid environment, executive coach Jeffrey Hull says.