Checking in on how Smart Money responded to the Black Swan Event of COVID-19, using filings from the EU Short Selling Regulation On March 13, 2020, the WHO declared Europe to be the epicenter of the COVID-19 pandemic as multiple
Concentrated positions in investment assets, often referred to as “crowded trades", are increasingly a topic of interest to investors and regulators. The concern centers around self-reinforcing downward price pressure resulting from liquidation of concentrated positions by vulnerable asset owners. But,
Conviction • Concentration • Consensus • Crowdedness The Novus 4C Indices track important hedge fund factors through public equities. The data underlying index creation is sourced from an aggregate hedge fund portfolio called the Novus Hedge Fund Universe (HFU). HFU is
Displayed here are insights from the European Short Disclosure Regulation’s (ESMA) daily filings. We track over 50 billion Euros in short investments across more than 250 managers, bringing you changes in sector exposures and the best short picks from the
The NOVUS 4C Indices Hedge funds express conviction in companies they hold by sizing them up in their portfolios. Does hedge fund conviction play a role in the future performance of stocks? Evidence shows that it does. If a stock
Each quarter, our research team reviews investment firms that have filed a 13F with the SEC for the first time and selects firms to include in the Novus Hedge Fund Universe “HFU.” The HFU is a composite portfolio of over
The topical noise around investment selection for institutional managers is all-encompassing these days. Some issues dominating the airwaves include factor investing and smart beta products (and the rise of passive investments more generally), the compressed return expectations across asset classes,
February 2018 In this report, we explore insights from the European Short Disclosure Regulation (ESMA). Using daily filings, we track approximately fifty billion Euros in short investments across more than 250 managers. We highlight sector exposure changes, track the prior
The Novus 4C Indices track important hedge fund factors through public equities. The data underlying index creation is sourced from an aggregate hedge fund portfolio called the Novus Hedge Fund Universe (HFU). HFU is composed of over 1,500 vetted hedge
The NOVUS 4C Indices Conviction • Concentration • Consensus • Crowdedness Funds Hedge funds express conviction in companies they hold by sizing them up in their portfolios. Does hedge fund conviction play a role in the future performance of stocks? Evidence shows
In this report we’ll review insights from the European Short Disclosure Regulation (ESMA)–we’ve tracked more than fifty billion Euros in short investments from the daily filings of over 250 managers. Here we display sector exposure changes and track last month’s
Hedge Fund Ownership Report Each quarter, our research team reviews investment firms that have filed a 13F with the SEC for the first time and selects firms to include in the Novus Hedge Fund Universe “HFU”. The HFU is a
Purpose of the report For decades, investment professionals have considered hedge fund managers to be the “smart money” on Wall Street. Over the long term, hedge funds have tended to outperform traditional benchmarks on a risk-adjusted basis, so their reputation
Novus Research Review How Hedge Funds Can Grow Assets in Today’s Tough Environment – Dissecting the four main obstacles for growth. Is Poor Performance Always Tied to Manager Ability? Understanding how correlation and dispersion affect returns. Kingsford Capital – A
As the hedge fund industry matures, crowding is emerging as one of, if not the, most important of investor concerns. With an influx of new investment talent and innovation in information technology, coupled with declining market breadth, alpha is getting
