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Global Navigator: 2022, A tale of active versus passive
Global Navigator: 2022, A tale of active versus passive

The final week of 2022 saw EPFR-tracked Bond Funds post consecutive weekly outflows for the first time since mid-October, capping a year when the overall group smashed its previous outflow record as central banks scrambled to contain inflation running at multi-decade highs.
Behind the headline number, however, was a marked shift from active to passive management.

Quant Insights: Exploring hedge fund short positioning
Quant Insights: Exploring hedge fund short positioning

Since the COVID-19 pandemic started accelerating in Italy in late February, European markets have tumbled. Almost all European stocks are in negative territory year-to-date irrespective of sector, industry, or country of origin. In terms of scale, the quarterly drop is the highest in 33 years, and the intensity of it is unusually high – more than 35% of the total market capitalization has been lost in only three weeks.