By Simon Kerr, Publisher of Hedge Fund Insight Bfinance the investment consultant* has recently published its Market Trends Quarterly. In the manager search trends the latest quarter has seen a continuation of strong appetite for private markets strategies, even though recent declines in public markets have left investors with heightened exposures to illiquid assets. Indeed, […] Read more »
Outlook For Deals In Distressed Assets
The global economy is slowing down, not least from the threat of coronavirus, and with it comes the rising likelihood of distressed M&A transactions. To the economic slowdown add broad structural changes in several industries and distressed M&A deals are expected to rise in 2020. Under higher pressure and an accelerated timeframe, how can dealmakers make the best out […] Read more »
GSAM Research on Hedge Fund Strategies in Liquid Alts – Event Driven Falls Short
By Nadia Papagiannis, Director of Alternative Investment Strategy at Goldman Sachs Asset Management, with editing by Hedge Fund Insight staff In a recent paper Goldman Sachs Asset Management analysed alternative mutual funds. In this analysis, we narrow down the vast universe of liquid alternatives to the funds that may better provide the differentiated return and risk characteristics of hedge funds. We […] Read more »
How Do Pension Plans Monitor Their Hedge Funds, For Example Florida SBA?
By Simon Kerr, Publisher of Hedge Fund Insight The Florida State Board of Administration runs the $141bn Florida Retirement System Pension Plan through an Investment Advisory Council. As a public body it’s papers are available online, and an exploration of the material gives an insight into the way large pension plans, and State sponsored plans in […] Read more »
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 »
Ford Pension Plans Cut Equity And Event For Macro And Multi-Strat
By Simon Kerr, Publisher of Hedge Fund Insight The investment strategy allocation of portfolios of hedge funds is a function of the target return and drawdown tolerance of the end investor over a multi-year period. The pension plans of the Ford Motor Company are part way through a five-year de-risking process – the U.S. […] Read more »
Is This What Hedge Fund Replication Is Supposed to Look Like?
By Simon Kerr, Publisher of Hedge Fund Insight When I received the press release headed “IndexIQ Announces December 2015 Performance of Its IQ Hedge Family of Investable Benchmark Hedge Fund Replication Indexes” I thought I would have a look at the (relative) returns. According IQ “the IQ Hedge™ Indexes comprise the first family of […] Read more »
Multi-Strat v Fund-of-Funds: Multi-Strat Has Won Out Because Of Flexibility
By Andrew Beer, Chief Executive Officer of Beachhead Capital Investors and managers find themselves at an interesting inflection point in the evolution of the hedge fund industry. The growth of liquid alternatives has focused attention on what happens when talented hedge fund managers are asked to manage money within the constraints of a mutual […] Read more »