Welcome back to Hedge Fund Insight during the 2020-21 covid pandemic.
The latest article reflects a recovery from the drop in NPL sales and banks’ restructuring activities of last year. The latest NPL ratio, covering all EU banks, has started to rise again. At the end of Q2 2020, the NPL ratio for all EU banks was 2.8% (+0.2 p.p. compared to Q4 in 2019). Depending on how the crisis evolves, the number of NPLs might be on the rise in the coming months and Distressed managers need new inventory from which to choose.
As before HFI captures wider trends through the particular. For example, the latest article on York Capital Management in Europe reflects a tough time for their equity-related strategies, and a wider trend for withdrawal by large hedge fund groups from managing “Other People’s Money”.
The recent Argo Group article is written to reflect the multi-year trend of less involvement by insurers with hedge funds. The usual bugbears of investors of fees and performance are cited, but issues related to regulatory capital are never far away when it comes to insurers and hedge funds.
HEDGE FUND MARKETING
At the last re-design of Hedge Fund Insight a stream for marketing of hedge funds was introduced. This has been a consistent topic since the site was launched in July 2012. Further I consider it one of the topics which has had very good quality contributions. I recommend that readers use “marketing” as a search term in the website’s search facility to have a good look at what has been published on the topic here, or go to the Marketing section.
These are the first ten headlines for the topic:
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Simon Kerr, Editor & Publisher.