Lazard Asset Management’s Post

Women in Hedge Funds The hedge fund industry is known for its fast pace and high stakes, but it also has a reputation for being a male-dominated field. However, there's a positive shift happening. Did you know that only 12.1% of portfolio managers globally are women according to recent data (Citywire). We can increase this % and have proven stats in the shipping space 📈 🛳 #hedgefund #quant #portfoliomanager

Hedge funds are known to be one of the most sophisticated capital allocators. They operate multiple strategies. For example, Bridgewater Associates follows "macro" strategy and Citadel follows "global quantitative" strategy, in addition to others. To finance these hedge funds requires an understanding of these sophisticated strategies and the ability to match them with the largest institutions in the world. In this week's episode with Lindsay Costigan, CAIA , Head of Prime Service Sales of the Western Region at BNP Paribas, we will share discuss her work of sourcing and maintaining financing relationships with hedge funds and asset managers based in the Western region. Lindsay started her career almost 2 decades ago and literally grew up with some of the largest hedge funds in the Bay Area. She is also on the board of the Sohn San Francisco Investment Conference, and was generous to host Women Who Build at this year's conference. In 2023, she was named as one of the 50 Leading Women in Hedge Funds by the The Hedge Fund Journal. And oh, outside of her work hours, she just competes in Show Jumping at the Grand Prix level. 🙂 See a glimpse of what our show covers! And follow along to watch the Grand Finale this Thursday! 👊 #hedgefund #business #financialservices #technology #banking

Just around the corner! The highly-anticipated inaugural survey results from global hedge funds will be revealed this week! Discover the strategic shifts leading #hedgefunds are making to adapt and thrive in our latest #DynamoFrontlineInsight Report, in partnership with ProFundCom and dakota. From increased fundraising efforts to diversifying investment portfolios, find out how industry leaders plan to mitigate risks and maximize returns. #SurveyResults #InsightsComingSoon #PrimaryResearch #ALTSresearch #alternativeinvestments #fintechtrends

We are delighted to get a special mention, along with our Managing Director, Seán Sweeney in this weeks Financial News article on the important topic of Women in hedge funds and the continued success of star portfolio managers that been raising billions for hedge funds. Read the article in full below ⤵ https://lnkd.in/e-ddMC2D

As any fund grows, liquidity and scalability become the most critical factors, alongside returns. While past performance is never indicative of future success, it’s hard to argue against the strong returns of MLP, dating back to 1989. With the rise of multi-strategy funds, staying dynamic in the pursuit of fresh alpha has become essential. Market inefficiencies are always shifting, and success ultimately depends on attracting top talent capable of consistently delivering risk-adjusted returns. Markets and strategies will continue to evolve rapidly, as they always have. Those unable to adapt—particularly by failing to find scalable sources of alpha—will be outperformed by those that can, regardless of their size or assets under management (AUM). The ability to retain and expand a talented team of portfolio managers (PMs) will be the key differentiator between those who thrive and those who fall behind. Deploying circa ~US$40 billion in GMV is no small feat, but allocators still tend to prioritize historical performance above all else. Who’s willing to bet that we’re witnessing the end of the multi-strat era??? Certainly not me 😁

With another 10bln raised, Millennium is now on track for 80bln in AUM with investors unlikely to see returns on par with when it was a much smaller firm. Its the typical Hedge Fund growth lifecycle and its bad for investors. Success begets a) higher fees and b) greater size, both of which degrade performance over time just as allocators pile into the fund seeing it as a blue-chip, low risk opportunity. Maybe strong returns will continue, but the odds are stacked against them. Fees and higher transaction costs from larger size are certain. Alpha is uncertain. That's why overwhelmingly allocators are better off focusing on reducing certain costs and diversifying alpha rather than chasing what fund has performed well in the past. https://lnkd.in/eYn5fqcW

It's interesting to see how the hedge funds are employing different strategies in the DS Smith deal. We do not often see such divergence of positions as we do in this deal, so we will keep a close eye on how it plays out. If more detail is required please reach out to us. #manda #hedgefunds #mergerarb #londonstockexchange

Last week in the world of AI for Fund Managers was beautifully energizing for our partners and us: #RFPs and Due Diligence Questionnaires went from 1️⃣ "an entire afternoon to 45 minutes" for a hedge fund 2️⃣ "6 hours to under 1 hour" for a private equity firm #PrivateCredit #RealAssets #HedgeFunds #PrivateEquity #InvestmentManagement

I recently had the opportunity to contribute an article to the AIMA - The Alternative Investment Management Association Journal on the anatomy of hedge fund liquidations and how investors can screen for these and positions themselves. Read the full article here: https://lnkd.in/dMAUn-jJ

Fairtree Woodland Multi Strategy FR QI Hedge Fund Anniversary Managed by Bradley Anthony and Kurt Van Der Walt, CFA, the objective of the Fund is to create long-term wealth for investors by investing across a diversified range of alternative investment strategies across multiple asset classes. Access the April 2024 Fund Factsheet here> https://lnkd.in/etjyAMS4 #Fairtree #InvestmentExcellence #FundAnniversary #ValuesDrivenInvesting