Distressed is Investors’ Preference Within Event-Driven

By the Capital Solutions Team of Barclays Prime Services*   In light of the recent performance of event-driven HFs, we wanted to understand how it had affected investors’ perceptions of the strategy, and what their likely allocation plans were with regard to event driven strategies as a result. Performance versus investor expectations We began by […] Read more »

Spotlight on Merger Arbitrage at Paulson & Co

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By Hedge Fund Insight staff   Introduction – Part One This article is divided into three parts. The first part is the genesis of the article – the new supply of funds engaging in the strategy of merger arbitrage, including one from Paulson & Co. The second part is John Paulson’s writing on the strategy […] 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 »

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 »

Special Situations Funds: A Private Party Worth Crashing

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By Aimee F. Kish and Kurt L. Braitberg of TeamCo Advisers.   _______________________________________________ In 2013, Argentine debt was badly battered. The bonds, which had defaulted and subsequently been renegotiated over a decade earlier, began to crumble. The 7% of debt holders who refused to convert to the new terms became locked in a legal battle […] Read more »

A Bias to Event Driven and Equity Arb Over Equity L/S for DB Wealth Mgt

From  Deutsche Asset & Wealth Management*   Event-driven Equity special-situation-orientated managers and those running moderate net exposures (i.e. with long and short exposures to the market that are roughly in balance) continue generally to fare better than their credit and more directional peers. Within the merger-arbitrage sector, we prefer nimble and smaller managers which can […] Read more »

Event Driven Hedge Funds Strategy Overview

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By Hedge Fund Insight staff     Event Driven Fund Universe By Investment Strategy Event Driven Investor Universe Asset Flows To Event Driven source:Eurekahedge   Event Driven Launches By Sub-Strategy and Year   Returns From Event Driven Funds At The Index Level source: Barclayhedge                     *Funds over $100m in assets     *NOTE: The top performing […] Read more »

2015 Hedge Fund Industry Outlook from eVestment – Flow Forecasts

From eVestment LLC   eVestment’s 2015 Hedge Fund Industry Outlook predictions of hedge fund trends for the upcoming year include:   Barring a large and unexpected global or financial event, hedge funds are positioned for another year of solid growth as institutional investors seek to gain alternative exposures to traditional equity and fixed income markets. […] Read more »

Macro Returns Positive In October As Event Driven Turns Negative For the Year

From Global Asset Management   Global markets were volatile in October with equities, credit and bond yields broadly selling-off in the first half of the month before reversing course and rallying into month-end. This volatility and choppiness proved challenging for many investors, including hedge funds, with most cutting their risk by mid-month and therefore not […] Read more »