From Global Asset Management Many equity-hedged and event-driven hedge funds have continued to hold and increase positions during September, and were rewarded as several equity events occurred and markets moved higher. Anthony Lawler, portfolio manager at GAM, comments that he expects to see the trend of equity-hedge and event-driven funds out-performing other hedge fund strategies […] Read more »
Investors Still Looking The Other Way From Japan Hedge Funds
Extract from GFIA Research Insights The Japanese market experienced a volatile month in August as investors are concerned about an economic slowdown in emerging markets with weakening currencies and the uncertainty in QE tapering. The average fund in the AsiaHedge Japan Long/Short Equity Index reported a 0.6% loss. TSE Mothers took a huge U-turn from […] Read more »
Investing Institutions and the Persistent UCITS Hedge Funds Performance Gap
By Simon Kerr, Publisher of Hedge Fund Insight It was noted in Hedge Fund Insight in May this year that most of the capital raised by European hedge funds in 2013 had gone into UCITS versions of the funds rather than the offshore versions of those hedge funds. At the time the comment was […] Read more »
Returns From Short Selling Equities Expected to Improve
By Daniel Stern, Cliffwater LLC There has been much speculation this year on the difficulty equity long/short managers have been having shorting stocks. In fact, a number of managers tracked by Cliffwater have commented on the challenges of shorting stocks with high short interest which have dramatically outperformed the broader markets. Goldman Sachs maintains a […] Read more »
Asian Hedge Fund Flows Follow The Six Month Pattern
By Hedge Fund Insight staff In line with the thrust of the previous article on Hedge Fund Insight, August flows to Asian and European hedge funds were positive when flows to North and South American funds were slightly negative, according to Eurekahedge data. As far as the Asian flows were concerned this was the sixth […] Read more »
Addressing the Fable of the Death of Managed Futures
By Bernhard Steiner As most readers of this article very well know, the past five years have been difficult for traditional managed futures strategies. The asset class as measured by Barclay Hedge CTA Index has posted losing years in three out of the past four years and 2013 is shaping up to potentially be another […] Read more »
Altin Drops Comac for Tudor and Stone Milliner and Adds to CTA Exposure Through Bluetrend
By Hedge Fund Insight staff The fall in assets at Comac and the subsequent layoffs have been publicly visible for a while. Drawdowns of record length at CTAs are also well recorded. But that does not mean that investors in hedge funds have given up on the global macro and quantitative Commodity Trading Advisors. Alternative Asset […] Read more »
September Market Background a Positive for Equity Hedge Managers
By Hedge Fund Insight staff Expectations of hedge fund returns should be tempered by market background – what suits one manager will not suit another. Equity hedge managers have had a very good year in the United States and Japan, and a decent year elsewhere. Equity hedge managers in developed markets have produced positive returns […] Read more »
GAM Insight – Hedge Fund Performance in August
From Global Asset Management Asset prices drifted lower on seasonally light volumes during August. Equities and bonds sold off, with the MSCI World index down 2.1% and the Barclays Global Aggregate Bond index down 0.5%, both in US dollar terms. Commodities gained in aggregate, led by energy and precious metals, while wheat and corn declined on […] Read more »
Pattern of Flows to Hedge Funds By Region Continues – Europe & Asia Winners
By Hedge Fund Insight staff Earlier it was noted here that European and Asian hedge funds were starting to attract capital flows. American institutional investors are the source of roughly 60% of the flows to the industry, and this year they have diversified from their existing holdings of hedge funds. That trend has continued into […] Read more »