By Josh Black, Editor of Activist Insight Davidoff Solomon is the Co-Director of Berkeley’s Center for Law, Business and the Economy. In January he wrote a column in “The New York Times” suggesting that 2016 would be the year activists met their match—not greater skepticism from institutional investors, or a new corporate governance framework, but […] Read more »
Senfina Is Blackstone’s Top Hedge Fund Unit
By Hedge Fund Insight staff Stephen Schwarzman, the Chairman and CEO of The Blackstone Group, was recently asked which of the Group’s hedge fund businesses was doing particularly well. His answer was to select Blackstone Senfina Advisors, a business launched as recently as 2014. Senfina Advisors is the Blackstone unit that mimics Izzy Englander’s […] Read more »
ALTIN’s Board Does It’s Job And Deserves Support
By Hedge Fund Insight staff The Board of Listed fund of hedge funds Altin AG is under pressure to change the composition of the Board and to pay out a special dividend from retained earnings. The existing Board has done a good job post Credit Crunch, as these extracts from the EGM Statement show: […] Read more »
Ford Pension Plans Cut Equity And Event For Macro And Multi-Strat
By Simon Kerr, Publisher of Hedge Fund Insight The investment strategy allocation of portfolios of hedge funds is a function of the target return and drawdown tolerance of the end investor over a multi-year period. The pension plans of the Ford Motor Company are part way through a five-year de-risking process – the U.S. […] Read more »
Legg Mason Sees No Growth at Permal in Next Two Years But Lots at Entrust
By Hedge Fund Insight staff Yesterday’s release of the 10-Q filing of Legg Mason, parent of fund-of- funds group Permal, contained an update on the parent’s expectations of growth at the hedge fund subsidiary. Expectations have been lowered, leaving the carrying value of the business at less than half of that previously held in LM’s […] Read more »
Is This What Hedge Fund Replication Is Supposed to Look Like?
By Simon Kerr, Publisher of Hedge Fund Insight When I received the press release headed “IndexIQ Announces December 2015 Performance of Its IQ Hedge Family of Investable Benchmark Hedge Fund Replication Indexes” I thought I would have a look at the (relative) returns. According IQ “the IQ Hedge™ Indexes comprise the first family of […] Read more »
Lyxor Favours Relative Value & Macro For 2016
By Jean-Marc Stenger, CIO for Alternative Investments, Lyxor Asset Management Macro Themes: After navigating between Scylla and Charybdis in 2015 amid growth and deflation scares, 2016 should provide some limited relief. The sturdy, yet aging, expansion in the US should warrant the inception of monetary policy normalization this December. However, all the concerns – […] Read more »
Asset Flows in 2016 – Multi-Strategy and Macro/CTAs Seen As Beneficiaries
By Peter Laurelli, Head of Research at eVestment Executive Summary of eVestment’s 2016 Hedge Fund Industry Outlook The Outlook highlights data-driven predictions of hedge fund trends for the upcoming year. The hedge fund industry continues to face dominant short-term and long-term influences. There is consistent evidence to suggest returns influence fund specific flows in […] Read more »
Study: Hedge Funds and Sector Timing
By Melina Sanchez, Novus Partners, Inc. Are hedge funds good at timing sectors? Yes. Except when it comes to Financials. Over the past 10 years hedge funds have beaten the market. Does this mean they’re skilled, or just lucky? We can confidently say there’s one reason for hedge funds to exist: they generate […] Read more »
European Pension Fund Allocations to Hedge Funds – Infographic
European Pension Fund Allocations to Hedge Funds -Infographic source: Preqin European Pension Fund Allocations to Hedge Funds -Infographic source: Preqin (click on the image for enlarged version) related article: Pensions Plans And Hedge Funds – PIMCO Is The Biggest Winner (Aug 2014) Global Pension Assets Infographic (includes alternatives growth) (July 2015) Alternatives In UK DC […] Read more »