By Nadia Papagiannis, Director of Alternative Investment Strategy at Goldman Sachs Asset Management, with editing by Hedge Fund Insight staff In a recent paper Goldman Sachs Asset Management analysed alternative mutual funds. In this analysis, we narrow down the vast universe of liquid alternatives to the funds that may better provide the differentiated return and risk characteristics of hedge funds. We […] Read more »
Hedge Fund Positioning Around The French Elections
From Lyxor Asset Management* Hello, Please find attached this week’s Lyxor Weekly Brief. This is a weekly report from Lyxor’s Cross Asset Research team, focused on hedge fund flows, performance and positioning. It aims at identifying trends in hedge fund investing every week, while leveraging on the proprietary information accessible through the Managed Account Platform. […] Read more »
Hedge Fund Outlook – Greater Dispersion To Aid Equity Strategies, Credit? Not So Much
by 50 South Capital Advisors, LLC. INTRODUCTION After a volatile first quarter of 2016, global equity and bond markets regained their footing and finished in positive territory for the year. European equities were the regional exception, with the MSCI European Index posting negative returns through November. Although markets overall generated positive returns for investors in […] Read more »
Consultant Verus Negative on Outlook for Event Driven Hedge Funds
By Hedge Fund Insight staff In a recent report Verus, the investment consultant created out of the combination of Wurts and Strategic Investment Solutions, was constructive on the outlook for three out of five hedge fund strategies. The consultant gave forward-looking views across the broad hedge fund investment strategies as shown in the table below. […] Read more »
How Do Pension Plans Monitor Their Hedge Funds, For Example Florida SBA?
By Simon Kerr, Publisher of Hedge Fund Insight The Florida State Board of Administration runs the $141bn Florida Retirement System Pension Plan through an Investment Advisory Council. As a public body it’s papers are available online, and an exploration of the material gives an insight into the way large pension plans, and State sponsored plans in […] Read more »
Distressed is Investors’ Preference Within Event-Driven
By the Capital Solutions Team of Barclays Prime Services* In light of the recent performance of event-driven HFs, we wanted to understand how it had affected investors’ perceptions of the strategy, and what their likely allocation plans were with regard to event driven strategies as a result. Performance versus investor expectations We began by […] Read more »
Spotlight on Merger Arbitrage at Paulson & Co
By Hedge Fund Insight staff Introduction – Part One This article is divided into three parts. The first part is the genesis of the article – the new supply of funds engaging in the strategy of merger arbitrage, including one from Paulson & Co. The second part is John Paulson’s writing on the strategy […] Read more »
Graphic of The Day: Axis Capital’s Hedge Fund Allocations
By Hedge Fund Insight staff In 2015 Bermudian insurer Axis Capital started to implement a shift in it’s “other investments” which had driven the variations in investment performance for the firm. The strategic shift was to reduce the exposures to hedge funds and put the capital released into direct lending, real estate and private […] Read more »
Howard Marks’ Words in 2016
By Hedge Fund Insight staff Howard Marks, co-chairman of Oaktree Capital Group, is a closely followed as a commentator on investment matters. Here is a small selection of his comments and prognostications from this year. “Experience is what you got when you didn’t get what you wanted.” “I view alternative investing as like […] Read more »
Lyxor To Stick With Overweight in Merger Arbitrage
From Lyxor Asset Management March has been a positive month for risk assets. As soon as mid-February, the Fed started to prepare markets for a softer stance than expected by market participants. Mid-March, it delivered at the FOMC meeting with a downward revision of growth and inflation forecasts for 2016, consolidating the rally in […] Read more »