By Simon Kerr, Hedge Fund Insight When I received a manager monthly letter today showing four positive months for 2013 it made me wonder is that the manager or the strategy? After such a long time waiting, you will understand my interest, as the manager is a CTA. The particular fund* has delivered a […] Read more »
Don’t Chase Past Performance In Asset Allocation – Look Ahead
By Anric Blatt, Global Fund Exchange Group Investing requires us to battle with natural human tendencies such as extrapolating the past into the future. Quantitative portfolio optimization often favors assets that have positive outlier performance in the past but are often likely to revert to the mean going forward. More often than not, the […] Read more »
Normalisation of Correlation and Dispersion Gives Hedge Funds Opportunities
By Jeanne Asseraf-Bitton, Head of Cross Asset Research, Lyxor Asset Management Risk assets are set to generate positive returns for the remainder of 2013 driven by a slowly expanding global economy and ultra accommodative monetary policy. We believe that the familiar pattern from the last three years of 2Q data disappointment and consequent risk […] Read more »
Hedge funds attract US$20 billion in 1Q 2013
From Eurekahedge Hedge funds posted positive returns in March amid mixed returns in global markets. The Eurekahedge Hedge Fund Index was up 0.71% during the month, while the MSCI World Index gained 1.76% in March. Key highlights for March 2013: Early reports indicate positive asset flows to hedge funds in March; 1Q 2013 witnessed positive […] Read more »
Graphic of The Day – Hong Kong Hedge Funds
Tying in with other regulators across the financial world, the Securities and Futures Commission of Hong Kong conducts a survey of hedge funds in its territory every two years. The latest survey, the results of which were recently released, used the end of September 2012 as the data point to ask hedge fund managers about […] Read more »
GAM Insight – Hedge Fund Performance in March
From Global Asset Management Several trends in risk markets continued in March with positive performance in equities, notably in the US and Japan, continued strength in the US dollar and another month of weakening in the Japanese yen. Hedge funds enjoyed the third consecutive month of positive performance for the year, with the HFRX Global […] Read more »
Is This The Most Costly Graphic In The Hedge Fund Industry?
By Simon Kerr, Publisher of Hedge Fund Insight The world is full trusims and half-truths as well as data and information. The hedge fund industry has a disproportionate share of all of these. And this graphic and it’s heading are a major contributor to the truism and half-truth columns: “An alarmingly high proportion of hedge […] Read more »
Given These Returns, Where Does A Specialist Managed Futures Fund of Funds Go?
By Simon Kerr, Publisher of Hedge Fund Insight and Principal of Enhance Consulting One of the major decisions taken by the investing institutions that came back to hedge funds after the Credit Crunch was to stick with CTAs. In the period after the Credit Crunch that was not difficult – the Barclay CTA index was […] Read more »
Fund of Hedge Fund Takeovers – Bursting a Dam or Turning a Tap?
By Simon Kerr, Principal, Enhance Consulting and Publisher of “Hedge Fund Insight” For seven or eight years we have been told that a wave of M&A was about to roll over the fund of hedge funds sector. There have been different reasons over that period, they all pointed towards consolidation, but somehow it has […] Read more »
Opportunities Widen For Equity Long/ Short
By Simon Kerr, Publisher of Hedge Fund Insight Equity long/short managers have done okay in 2012. With the S&P500 up 15.0% in 2012 US based equity long/short managers were up 7.0% to the end of November according to the Greenwich Hedge Fund Index. Given the risk on/risk off market environment through 2012 that is a […] Read more »