Incisive Views from Professionals
From Global Asset Management March concluded a volatile quarter across financial markets, as modest headline moves in many cases belied significant intra-quarter risk reversals and choppiness. The MSCI World index closed down 0.2% for the quarter against a very steep sell-off through 11 February, followed by a reversal and strong rally into the end […] Read more »
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 »
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 »
From Eurekahedge Hedge funds continued their recovery in Q4 with the Eurekahedge Hedge Fund Index up 0.88%1 in November while the MSCI World Index2 grew by 0.38% during the month. On a year-to-date basis, hedge funds are up 2.58% while underlying markets as represented by the MSCI World have gained 1.78%. November was dominated […] Read more »
From Fitch Ratings, with additional content from Hedge Fund Insight staff A total of $2 billion of loan defaults in November led by Millennium Health LLC pushes the trailing 12-month (TTM) default rate to 1.7% from 1.5% at the end of October, according to Fitch Ratings. Millennium’s $1.8 billion Chapter 11 filing on Nov. […] Read more »
By Hedge Fund Insight staff At the beginning of the last quarter Deutsche Asset & Wealth Management’s Hedge Fund Advisory Team advised an overweight in equity market-neutral and an underweight in distressed investing strategies. Both have been good calls in the short period since. Here we catch up with Tim Gascoigne, Head of Liquid Alternatives – […] Read more »
From Financial Risk Management Limited (FRM), part of Man Group The HFRX Global Hedge Fund Index fell -2.54% to 29 September, pushing the index further into negative territory at -3.52% for the year-to-date 2015. After a fall of -0.13% recorded in the first half of the month (16 September), hedge funds’ negative performance accelerated […] Read more »
From Eurekahedge Pte of Singapore Hedge funds posted their third consecutive month of losses with the Eurekahedge Hedge Fund Index down 1.75%1in August while the MSCI World Index2lost 6.66% during the month as fears over China’s economic outlook intensified with global equity markets seeing broad based declines. Despite the setback, hedge funds have outperformed […] Read more »
From Deutsche Asset & Wealth Management* Event-driven Equity special-situation-orientated managers and those running moderate net exposures (i.e. with long and short exposures to the market that are roughly in balance) continue generally to fare better than their credit and more directional peers. Within the merger-arbitrage sector, we prefer nimble and smaller managers which can […] Read more »
By Simon Kerr, Publisher of Hedge Fund Insight Though it may seem a thought from a long time ago, this year had been stacking up as a relatively good one for Asian hedge funds. This was true as recently as just over a month ago. Comparisons for performance in the YTD to the end […] Read more »