Incisive Views from Professionals
By Global Asset Management Although the MSCI World index declined 1.8% in March, the real story was about equity dispersion, currencies and central bank policy. In equities, dispersion of returns by geography continued in March, with equities rallying in China, Europe and Japan while selling off in the US. In currencies, the US dollar […] Read more »
By Hedge Fund Insight staff From January 2013 to July 2014 equity hedge funds was the only strategy group to receive net inflows each month, according to the data tracked by Eurekahedge. In that period the flows into fixed income hedge funds were very nearly as consistently positive, but the scale of net subscriptions was […] Read more »
By Hedge Fund Insight staff Harvest Capital Strategies LLC, a San Francisco-based, SEC-registered investment adviser with approximately $1.6 billion in alternative assets under management, has seen a near doubling of hedge fund performance fee income in the last year. Harvest Capital Strategies is part of publicly owned investment banking and alternative asset management firm […] Read more »
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 »
David C. Saunders, Founding Managing Director, & Robert Christian, Head of Research, K2 Advisors We think earnings growth trends should provide support for long/short equity strategies in 2015, particularly in terms of specialty managers in areas such as health care, technology and activism. Meanwhile, opportunities in relative value have continued to evolve due in […] Read more »
From Hedge Fund Insight staff The latest flow data from Eurekahedge for the hedge fund industry show net outflows from Europe-focused hedge funds. Only two investment strategies could possibly accommodate the scale of monthly redemptions from European funds – fixed income and multi-strategy (Table 1/Figure 2). So it is highly likely that the biggest outflows […] Read more »
By Juliana Hadas and Andrea Pompili of Neuberger Berman The beginning of this decade was a challenging time for long/short hedge fund performance, with the overall universe having generated negative Jensen’s alpha (risk-adjusted excess returns)—see Figure 1. However, alpha has been rebounding starting with the second half of 2012—a trend we believe will continue. […] Read more »
By Barclays Capital Solutions Group The Equity Hedge Fund segment is obviously fairly broad and includes a set of disparate strategies. We have taken a close look at these various sub-strategies, which each have their own unique characteristics and appeal to investors. We describe these sub-strategies in this article and attempt to show their […] Read more »
From Global Asset Management Global markets were volatile in October with equities, credit and bond yields broadly selling-off in the first half of the month before reversing course and rallying into month-end. This volatility and choppiness proved challenging for many investors, including hedge funds, with most cutting their risk by mid-month and therefore not […] Read more »
In this webcast transcript Troy Gayeski, Senior Portfolio Manager, and Ray Nolte, Chief Investment Officer of SkyBridge Capital discuss how the shifts of market and economic background have driven the decision making on the flagship SkyBridge Multi-Advisor Hedge Fund Portfolios (Series G). 1. Q2 Portfolio Review: How much did the portfolio shift? Troy Gayeski: […] Read more »