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 »

Long/Short Equity Outlook Improving On Correlation and Dispersion Changes

By Juliana Hadas and Andrea Pompili of Neuberger Berman   The beginning of this decade was a challenging time for long/short hedge fund performance, with the overall universe having generated negative Jensen’s alpha (risk-adjusted excess returns)—see Figure 1. However, alpha has been rebounding starting with the second half of 2012—a trend we believe will continue. […] Read more »