By Hedge Fund Insight staff Citi Prime Finance has commissioned research titled “Exploring the Concept and Characteristics of People Alpha” – the result of having surveyed 24 large and medium-sized hedge fund management groups on staffing processes and policies. Today’s Graphic of the Day reflects a suggestion that staff management will become the third leg […] Read more »
Managed Futures Tipping Point?
By Hedge Fund Insight staff In September managed futures put in their fifth consecutive month of back-to-back losses. The bigger CTAs in aggregate have lost just over 6% so far in 2013. Smaller CTAs have suffered loses too, with their NAVs off just short of 3% in the YTD period. According to eVestment the hedge […] Read more »
Why Emerging Hedge Fund Managers Outperform
Andrew Beer, Chief Executive Officer of Beachhead Capital, wrote an excellent research note recently affirming that the widely known conception that emerging hedge fund managers outperform their more seasoned and larger peers was supported by the available data. This graphic is the nub of the explanation of why this can happen in the case of […] Read more »
FRM See A Strong CTA Bounce Back As Unlikley In Monthly View
From FRM Investment Management The HFRX Global Hedge Fund Index was positive in September, +0.96%, the majority of strategies ending the month with positive returns. Equity Long-Short managers were amongst the best performing strategies, benefitting from the equity market rally across regions in the first half of the month. Given the large moves seen in […] Read more »
Investors Still Looking The Other Way From Japan Hedge Funds
Extract from GFIA Research Insights The Japanese market experienced a volatile month in August as investors are concerned about an economic slowdown in emerging markets with weakening currencies and the uncertainty in QE tapering. The average fund in the AsiaHedge Japan Long/Short Equity Index reported a 0.6% loss. TSE Mothers took a huge U-turn from […] Read more »
Returns From Short Selling Equities Expected to Improve
By Daniel Stern, Cliffwater LLC There has been much speculation this year on the difficulty equity long/short managers have been having shorting stocks. In fact, a number of managers tracked by Cliffwater have commented on the challenges of shorting stocks with high short interest which have dramatically outperformed the broader markets. Goldman Sachs maintains a […] Read more »
Asian Hedge Fund Flows Follow The Six Month Pattern
By Hedge Fund Insight staff In line with the thrust of the previous article on Hedge Fund Insight, August flows to Asian and European hedge funds were positive when flows to North and South American funds were slightly negative, according to Eurekahedge data. As far as the Asian flows were concerned this was the sixth […] Read more »
Addressing the Fable of the Death of Managed Futures
By Bernhard Steiner As most readers of this article very well know, the past five years have been difficult for traditional managed futures strategies. The asset class as measured by Barclay Hedge CTA Index has posted losing years in three out of the past four years and 2013 is shaping up to potentially be another […] Read more »
The Biggest Asian Investors in Hedge Funds
The Biggest Asian Investors in Hedge Funds source: Preqin Hedge Fund Investor Profiles Read more »
Factoids on Funds of Hedge Funds
NOTES ON BUBBLES: 1. Net return gaps 330 bps (5-year), 210 bps (3-year), 160 bps (1-year). FoHFs offer lower volatility than single managers (lower standard deviation) and their correlation to broad indices on a 1-, 3- and 5-year basis is lower than single managers. 2. The traditional 1 & 10 fee model is no longer […] Read more »