Dec 2021

by Ian Ross | 01 Dec 2021 | 2021, Some Thoughts

Welcome to December’s Some Thoughts. This month we discuss: FOMO, the Omicron sell-off, rates manoeuvres, and oil volatility made November a turbulent month for hedge funds. The risks to VC investors as $100m valued ‘bulb’ rounds increase. Remembering that Paladin...

Nov 2021

by Ian Ross | 01 Dec 2021 | 2021, Some Thoughts

Welcome to November’s Some Thoughts. This month we discuss: Hedge Fund sentiment is at its highest level, going into year-end, for over a decade. Pitchbook’s quarterly survey of Europe’s VC space makes the UK worth another look. As lithium carbonate prices hit record...

Oct 2021

by Ian Ross | 06 Oct 2021 | 2021, Some Thoughts

Welcome to October’s Some Thoughts. This month we discuss: Despite September’s almost 4% sell off, hedge funds hold their own. HarbourVest – a compelling 25% discount to NAV for a best-in-class private market fund. Stuart Roden, former Chairman of Lansdowne...

Sep 2021

by Ian Ross | 31 Aug 2021 | 2021, Some Thoughts

Welcome to September’s Some Thoughts. This month we discuss: How a dovish Fed Chair cheered the markets at Jackson Hole. August finished well but hedge funds have been dialling back their leverage. Only Event Driven remains stand out. The Japanese hedge fund industry...

Aug 2021

by Ian Ross | 02 Aug 2021 | 2021, Some Thoughts

Welcome to August’s Some Thoughts. In this month’s edition we discuss: How 2021 is shaping up to be a good year for hedge funds as Event Driven leads the way but have the latest crackdowns in China left a mark? Since 2010 the S&P 500 has delivered a 379% return...

July 2021

by Ian Ross | 01 Jul 2021 | 2021, Some Thoughts

Welcome to July’s Some Thoughts. This month we discuss: how $2.5tn of private capital ‘dry powder’ plus ideal conditions are seeing the highest levels of M&A ever recorded. As volumes are now 2x the level they were last year, we reiterate equity-led Event Driven...