From Global Asset Management September proved a challenging month for many investors as equities, bonds and credit sold off. The MSCI World index was down 2.7%, while the Barclays Global Aggregate Bond index lost 2.8%. Global macro hedge funds delivered 1.5%, while the broader hedge fund universe was down 0.8%, as measured by the […] Read more »
Credit, Relative Value and Event Driven Strategies In Demand At GAM
From Global Asset Management Markets recovered their July losses, with the MSCI World index up 2.2% in August, while the reach for yield resumed with the Barclays US Aggregate Bond index rallying 1.1% and US high yield credit up 1.6% (IBOXX HY index). Hedge funds overall posted gains in August with the HFRX Global […] Read more »
Outlook for Event Driven Strategies from Quaker Funds
By Thomas F. Kirchner, Portfolio Manager, and Paul Hoffmeister, Portfolio Strategist of Quaker Funds, Inc. The market environment for event driven strategies Credit conditions remain highly favorable for corporations to execute and complete corporate transactions. We expect the current environment, the result of two years of relative macroeconomic calm, to continue during the near-term. […] Read more »
Graphic Of the Day – Hedge Fund Outlook From Northern Trust
source:www.northerntrust.com/asset-management/ Read more »
Activist Funds Approach $100bn
From Eurekahedge* Hedge funds deploying shareholder activism as a key cornerstone of their investment strategy have attracted much attention as of late. This overview takes a quick review of their performance and asset growth over the last couple of years. Graphic 1 and Table 1 show the performance of activist hedge funds relative to […] Read more »
The Children’s Investment Fund Gets Some Board Support At Japan Tobacco
From Activism Monthly Premium (July 2014 edition) When Shinzo Abe became Prime Minister of Japan in 2012, investor sentiment began to warm to a country long known for its overvaluations and prickly corporate governance. This year, the government drew Abe’s ‘third arrow’—corporate reform—from its quiver and let loose. Opinion is divided on whether the […] Read more »
Strategy Preferences of Japanese Investors In Hedge Funds
By Hedge Fund Insight staff Japanese institutional investors have longer experience investing in hedge funds than institutions in other regions of the world. In addition absolute return strategies have had significant allocations from Japanese investors for a long period – the Japanese economy has suffered from low interest rates and bond yields for a […] Read more »
Managing Position Size In Merger Arbitrage – VRX v AGN
By Hedge Fund Insight staff The latest Weekly Brief from Lyxor Asset Management shows merger arbitrage as the best performing strategy this month (data up to 17th June). Merger arb is also one of the best performing strategies this year (up 3.3% YTD). The Allergan vs. Valeant Pharmaceuticals International deal was the hottest spot […] Read more »
Q/Q Change In Demand for Hedge Fund Strategies – Graphic Of The Day
By Brighton House Associates* Fastest Growing Hedge Fund Strategies – Quarter over Quarter *extracted from BHA quarterly analysis of manager searches. In the first quarter of 2014, BHA investors posted 353 new mandates. In total, investors placed approximately $8 billion in future allocations during Q1. The report presents both an analysis of the […] Read more »
Event Driven in May
By Hedge Fund Insight staff* Event Driven managers had a negative month in May despite the high level of deal activity and the positive contribution from special situations trading. A number of the larger deal spreads either broke (Astra-Zeneca/Pfizer was not an official deal break, but it had the same effect) or widened. This was […] Read more »