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Analysis: the end of the short-sellers?

Have hedge fund managers just lost it? More and more leading managers are returning assets to their clients. The reason is the melt-up of the market, making it ever harder for short-sellers to identify profitable trades.

For example, this summer John Paulson (photo), who earned $15 billion from the collapse of the US housing market in 2008, known as “The Greatest Trade Ever”, announced his departure from the hedge fund industry. Others, such as George Soros, Stanley Druckenmiller and David Tepper, preceded him.

‘ESG integration is easier for long/short managers’

BNP Paribas Asset Management recently launched a long-short strategy aimed at companies related to the energy transition. Portfolio manager Edward Lees (photo) explains how the fund is putting pressure on non-sustainable companies and thus achieve a positive impact on the energy transition.

Transfers: Fundsquare, Luxembourg Stock Exchange, Intertrust

Fundsquare, a subsidiary of the Luxembourg Stock Exchange that provides services to support and standardise cross-border distribution of investment funds, has made two leadership appointments. It’s parent company the Luxembourg Stock Exchange has appointed a new head of sustainable finance, and Intertrust has a new head of its Luxembourg office.

Fundsquare named Jeffrey Nadal as its new managing director and chief commercial officer, and appointed Julien Renkin as a director of product management & client solutions.