From Global Asset Management Accommodative monetary policy continues to support equity-related hedge fund strategies in November, says GAM A continuing rally in equity markets remains a prominent theme as we head into December, but there are also other sizeable trade ideas today across hedge funds, says Anthony Lawler, portfolio manager at GAM. “Hedge fund […] Read more »
Graphic of the Day – Investors in CTAs
By Hedge Fund Insight staff Today’s graphic shows the proportion of each investor type that invest in CTAs. Source: Preqin Hedge Fund Investor Profiles From this graphic one could say that a fund of hedge funds is four times as likely to have invested in CTAs as a family office. Or, that a marketer of […] Read more »
HSBC Review of Hedge Funds in 2013 and Outlook for 2014
By Dean Turner, Investment Strategist, HSBC Private Bank Hedge funds reviewed Hedge funds have delivered healthy risk-adjustedreturns over the last few years, and have been a useful diversifier for portfolios. In our view, the macroeconomic and investing environment should remain supportive for managers across equity, credit and macro strategies. We have been positive on the […] Read more »
Acceleration in Downtrend for Funds of Hedge Funds
By Simon Kerr, Publisher of Hedge Fund Insight Eurekahedge has just published its annual review of funds of hedge funds. It is difficult to find any good news in it. The divergence of the paths since the Credit Crunch of the single manager and multi-manager hedge fund businesses is well known, and is reflected in […] Read more »
Hedge Fund LLPs and Other Partnerships in Choppy Waters for Tax?
From Daniel Lewin of Kaye Scholer On May 20, 2013, HM Revenue & Customs (HMRC), the UK Revenue authority, published a consultation document that proposes significant new anti-avoidance tax measures aimed at UK partnerships, and in particular at English limited liability partnerships (LLPs). This consultation document continues to be the subject of controversial discussion between […] Read more »
Event Driven Round Up
From Lyxor Aset Management: The Event Driven space also produced solid results in October. Special Situation funds returned 1.1% (10% YTD). These funds are becoming like more traditional L/S equity managers. They maintained a net equity exposure at 44% and net credit exposure of 19%. Merger Arbitrage funds were up 1.4% but managers reduced risk, […] Read more »
The Event-Driven Asset Class in a Rising Rate Environment
By Paul Hoffmeister and Thomas F. Kirchner, CFA, of Quaker Funds One of the most common concerns today among financial advisors seems to be the prospect of rising long-term interest rates in the United States and what to do with U.S. fixed income exposures. In search of a potential solution, we examined the history of […] Read more »
Asian Hedge Fund Trends Include Consolidation Pressure
By GFIA of Singapore Historical overview GFIA began coverage of the Asian hedge funds industry in September 1998. At that time the industry was tiny and all participants mostly knew each other. The Asian crisis was still unfolding, and the industry was a collection of maverick specialists. It was another five years before the industry […] Read more »
Millennium’s Persistent Growth Makes it the Daddy of American Managers in London
By Hedge Fund Insight staff For many years Louis Bacon’s Moore Capital had the largest London operation of any American hedge fund, whether measured by assets under advisement or staff. That Bacon himself was often based in the English capital just reinforced the significance of the European footprint of the firm. But Moore Capital is […] Read more »
European Equity Hedge Funds with a Fundamental Bias in Demand
By Simon Kerr, Publisher of Hedge Fund Insight European equity hedge fund managers have done a very good job this year in both producing absolute returns, and, as importantly, holding on to them in down phases of the market. With the STOXX 600 up 11.86% in 2013, European long/short hedge fund managers are up 8.89% […] Read more »