By Dealogic/Hedge Fund Insight staff EMEA High Yield (HY) issuance volume has surpassed EMEA leveraged loan volume by $7.0bn in 2015 YTD. This has happened for only the second YTD period on record, the first time being in 1998, when HY new issuance volume ($4.2bn) surpassed leveraged loan volume ($3.0bn) by $1.2bn. EMEA HY […] Read more »
Activists Post Best Month In Two Years
From Cliffwater LLC Risk assets rallied strongly in February led by developed equity markets. This propelled the HFRI Event Driven Index to its best monthly return since October 2011 at 3.0%. While positive returns were generated across all event driven sub-strategies, activist and equity special situations strategies benefited the most from the equity market […] Read more »
Multi-Strat v Fund-of-Funds: Multi-Strat Has Won Out Because Of Flexibility
By Andrew Beer, Chief Executive Officer of Beachhead Capital Investors and managers find themselves at an interesting inflection point in the evolution of the hedge fund industry. The growth of liquid alternatives has focused attention on what happens when talented hedge fund managers are asked to manage money within the constraints of a mutual […] Read more »
Tom Sandell Takes The Bermuda Reinsurance Route
By Hedge Fund Insight staff Sandell Asset Management Corp. recently sponsored the launch of Sandell Re, a Bermuda based reinsurance company that can invest in the firm’s global event driven investment strategy, which will be managed in a separately managed account with an investment objective substantially similar to Sandell Asset Management’s main hedge funds. […] Read more »
Macro Funds Disappoint In Fortress Results And In YTD Returns
By Hedge Fund Insight staff ……….For full graphics and tables follow read more link Read more »
Event Driven Hedge Funds Strategy Overview
By Hedge Fund Insight staff Event Driven Fund Universe By Investment Strategy Event Driven Investor Universe Asset Flows To Event Driven source:Eurekahedge Event Driven Launches By Sub-Strategy and Year Returns From Event Driven Funds At The Index Level source: Barclayhedge *Funds over $100m in assets *NOTE: The top performing […] Read more »
Absolute Hedge UCITS Strategy Review for 2014 – Winners & Losers
By Georg Reutter and Matthew Barrett of Kepler Partners Below we review each sub-sector in the Absolute Hedge universe, identifying the most important players and notable performances last year. Managed Futures After several years of poor or disappointing returns, Managed Futures were the standout sector in 2014. The sector got off to a […] Read more »
Evidence That Demand Waning For High Yield Bonds
From Leveraged Commentary & Data , S&P Presidio this week postponed its $400 million offering of senior notes backing its purchase by Apollo Global Management from American Securities due to insufficient demand at price talk, according to sources. This is the second postponed deal of the year after Koppers withdrew its $400 million, five-year offering last week. […] Read more »
2015 Hedge Fund Outlook from Deutsche AWM
By Deutsche Asset & Wealth Management’s Hedge Fund Advisory team Our 12 month hedge fund performance forecasts are derived from our market outlook to the end of 2015, which in turn is anchored by the forecasts from the Deutsche AWM CIO Office. They are based on the following expectations: We expect global economic […] Read more »
US Liquid Alternatives Had Good Flows in 2014, Unlike High Yield Funds
By Hedge Fund Insight staff Liquid alternatives had a good year for inflows in 2014. The largest part of the flows were in the American liquid alternatives funds – mutual funds (’40 Act Funds), though net sales were also positive for UCITS hedge funds. Morningstar data shows (active) liquid alternatives totaled $156bn by year-end […] Read more »