By Daniel Stern, Senior Managing Director at Cliffwater LLC April was a moderately positive month for most hedge fund strategies and all strategies outside of Global Macro remain in the black for the year. In April, the HFRI Fund Weighted Composite Index lost 0.2% and the HFRI Fund of Funds Composite Index detracted 1.1%. […] Read more »
Cliffwater 2014 Hedge Fund Strategy Outlook and Recommended Weights
From Cliffwater LLC The views expressed herein are the views of Cliffwater only through the date of this report and are subject to change based on market or other conditions. All information has been obtained from sources believed to be reliable, but its accuracy is not guaranteed. This report is being distributed for informational purposes […] Read more »
Rosen’s Strategy Defies The Inevitable-Life-Cycle Story
By Simon Kerr, Publisher of Hedge Fund Insight Brand new instruments have massively changed markets – one thinks of Credit Default Swaps and corporate bonds, or MBS and the housing market. It is less common that a new iteration of an instrument makes a big difference to participants. But that is what has happened to […] Read more »
GAM Insight – Hedge Fund Performance in July
From Global Asset Management July was a strong month for equities with both the MSCI World index and the S&P 500 index up over 5% for the month in US dollar terms. Investment grade and high yield credit in the US and Europe rallied with notably large investor flows into US high yield. The […] Read more »
Normalisation of Correlation and Dispersion Gives Hedge Funds Opportunities
By Jeanne Asseraf-Bitton, Head of Cross Asset Research, Lyxor Asset Management Risk assets are set to generate positive returns for the remainder of 2013 driven by a slowly expanding global economy and ultra accommodative monetary policy. We believe that the familiar pattern from the last three years of 2Q data disappointment and consequent risk […] Read more »
HFI PODCAST: Inside OMAM Quants v2
The first Hedge Fund Insight Podcast is an exploration with Dr. Ian Heslop of how his team operates and it explores some of the structural decisions they have made to manage capital quantitatively at Old Mutual Asset Managers (OMAM). Ian Heslop is Head of Quantitative Strategies, running a team of five, and he is co-Fund […] Read more »
SEB Bias Towards RV and Macro In Outlook For Hedge Funds
Victor de Oliveira, Portfolio Manager and Head of Investment Strategy, SEB Luxemburg The strong start to the year came to an end in the second quarter. The fading effects of the European Central Bank’s Long Term Refinancing Operation (LTRO, three-year loans at 1 per cent interest) reduced risk appetite, while increasing volatility made the market […] Read more »