Anson Funds recognized in this Bloomberg story today: Hedge Fund Anson Goes Big on Retail Trades, Outperforming Peers.
Excerpt:
Anson Funds, which returned more than double the S&P 500 in 2020, recommends skipping the fundamentals and focusing on sentiment as retail traders take an outsized role in the market. That is what pushed Anson to trade on themes and stocks popular with individual investors last year, including positions in Apollo Healthcare Corp., Genius Brands International Inc. and Hertz Global Holdings Inc.
Those investments helped drive Anson to a 44% gain last year, bringing its total assets under management to C$1.2 billion ($944 million). By comparison, the S&P 500 returned 18% while peers in the Scotiabank Canadian Hedge Fund Index, which tracks funds that manage at least C$15 million, added 6.2%.
“People have to understand stocks don’t really move on fundamentals in the short term, rather they move on the sentiment. A whole new class of investors has emerged, empowered by new technology platforms such as Robinhood and becoming significant drivers of the excitement in the market.”
Anson Funds CIO and Co-Founder Moez Kassam