Investors Buy CTAs Rather Than Macro in 2017

By Hedge Fund Insight staff The latest data from Eurekahedge shows the best flows into the hedge fund industry for a number of years for the first quarter of 2017. Preliminary net asset flows were positive in March with US$9.3 billion of inflows into the industry. Investor subscriptions have picked up pace since the start of the […] 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 »

How Do Pension Plans Monitor Their Hedge Funds, For Example Florida SBA?

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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 »

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 »

Ford Pension Plans Cut Equity And Event For Macro And Multi-Strat

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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 »

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

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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 »

Deutsche AWM Sticks to Strategy Biases – Positive on Equity M-N

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 »

Quotation of the Day – Justin Sheperd of Aurora

  “Volatility’s return has created opportunities for skillful global hedge fund investors across several investing disciplines. The unique macro environment and specific trends, including strength in the U.S. dollar, are aiding global macro strategies. As well, the seeds for corporate consolidation continue to drive opportunities in the event-driven arena. In the long-short space, lower correlations […] Read more »

Fed Rate Rise To Be Catalyst For Last Phase of EM Underperformance

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By Jawad Mian, Managing Editor Stray Reflections   The inefficiencies that are at the heart of macro investing are permanent, as they relate to the inherent uncertainty of the future. The vast majority of the data required is publicly available. The differentiating factor is the ability to analyze and thematically organize the information into coherent […] Read more »