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.
‘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.