Wednesday, June 12, 2024

Top 10 AFI reads in May

The ten most popular stories with AFI members in the month of May. To access all content and research in full, become an annual subscriber.

1. US multi-strats spearhead Dubai hedge fund moves

Our breakdown of the trend, using internal Power List data, as Dubai International Financial Centre says 60 hedge funds have set up or are in process of establishing bases in the emirate.

2. LP view: Key allocator takeaways from SALT 2023

Private credit tops agenda, while systematic hedge fund strats in vogue and cash “is back” as an asset class – key LP perspectives from big alts allocators.

3. Does ChatGPT herald a new AI era for hedge funds?

Though nothing new in the world of alternatives, the success of ChatGPT has underlined AI’s potential impact, turbo-charging the industry conversation.

4. Steve Cohen, Marc Lasry see US rates falling

Hedge fund managers Steve Cohen and Marc Lasry believe the US will lower rates earlier than widely anticipated, a key topic at the New York SALT conference this year.

5. Man Group names Robyn Grew CEO as Luke Ellis retires

Man Group has appointed Robyn Grew as its next CEO, with Luke Ellis planning to retire after seven years in the post.

6. Calpers eyes PE; institutional allocators still hot on private assets

Higher rates and falling valuations are not putting some of the biggest US allocators off private equity.

7. Family offices poised to deploy in private markets: Goldman Sachs

Family offices are cash-rich and ready to deploy to opportunities in private equity and credit this year, according to a new Goldman Sachs survey.

8. Marc Rubinstein on hedge fund launches, pod-shops and the Power List

Marc Rubinstein, the former financials-focused Lansdowne Partners PM, has successfully executed a rare career pivot: from hedge fund manager to financial authoor. Here are key takeaways from his podcast interview.

9. Use of securities as collateral soars in Q1: Citco

Hedge funds’ use of cash as an alpha-generating tool has soared in the higher-interest rate environment, in a return to the industry’s pre-2008 era, according to new research.

10. David Einhorn on the future of value investing

Greenlight Capital founder David Einhorn highlights “extraordinary” opportunity despite disappointing returns in value last decade.