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Securities hedge funds will achieve high results in 2021 despite volatility and growth in retail sales

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TORONTO, Jan. 13 () – Despite year-over-year volatility and unpredictable retailers entering the market to support “mem shares,” hedge funds to raise stock exchanges in 2021 are global. left the broader sector on a scale with two-digit earnings. “

According to Industrial tracker eVestment, average stock hedge funds grew by 12.3 percent in 2021, compared to 10 percent for peers.

Last year, thousands of retail investors gathered on social media websites to share information about stocks and short-term sellers, which made the stock-raising process much more risky.

“There were so many different holes that managers could fall into,” said Darren Wolf, an Aberdeen investment, global leader in alternative investment strategies.

“On long-term stock lands, you had to deal with a lot of problems throughout the year, starting with short-term memes in January, and it worked all year long.”

According to Wolf, long-term hedge fund managers tried last year to reduce their gross exposure and single-denomination shorts – pledges in which stocks would fall – and instead of betting on stock funds ( ETF) passed.

For the $ 1.5 billion short-term Anson Funds firm, based in Toronto, which accounted for 45.5 percent of its $ 950 million fixed hedge fund in 2021, setting up a retail investor was crucial to the trade.

“People have always assumed that retailers are not a market force, but retail has recently become more active,” said Moez Kassam, chief investment officer at Anson Investments Master Fund.

“It’s a crowd of new investors and it’s here to stay.”

Hedge funds also faced several volatility bursts that shocked markets, such as the sudden emergence of the Omicron option in November.

Some equity hedge funds, such as the $ 2.7 billion UK-based Gladstone Capital Management, benefited from investments in the global TMT, consumer and financial sectors in 2021.

Gladstone was up 7 percent in 2021 and 20.4 percent in five years, a source familiar with the matter said. (Maya Keydan’s interview in Toronto, edited by Matthew Lewis)

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