From Keith Haydon and Adam Singleton of Man FRM, part of Man Group Markets return to an uneasy calm in July with rising equity markets and falling volatility. Commentators continue to watch the shape of the US yield curve for clues. July continued the difficult year for hedge fund performance, with mixed performance across strategies […] Read more »
Event Driven Leads Hedge Funds Down in September Notes FRM
From Financial Risk Management Limited (FRM), part of Man Group The HFRX Global Hedge Fund Index fell -2.54% to 29 September, pushing the index further into negative territory at -3.52% for the year-to-date 2015. After a fall of -0.13% recorded in the first half of the month (16 September), hedge funds’ negative performance accelerated […] Read more »
Equity Hedge Yet to De-Gross Notes Man Group’s FRM
From FRM Investment Management Market Background China’s financial troubles and the Fed’s zeroing in on lift off for the next interest rate cycle have combined, as we thought they might, to place deflation at the forefront of investor concerns. Moreover, it is clear that the problems emanating from China, other emerging markets and many […] Read more »
Nearly All HF Strategies Down in June
By Financial Risk Management (FRM is part of Man Group) MARKETS In the US, we remain cautious of equity valuations. Earnings growth is weakening and some data shows it becoming negative. Data also shows institutions have been net sellers of stock for the past four quarters and only non-financials have been net buyers over […] Read more »
FRM Commentary On Long/Short Managers
From FRM Investment Management Despite January being a negative month for equity indices Equity Long-Short managers benefited from single stock dispersion to end the month roughly flat; European managers finished the month marginally positive, while the US was flat in aggregate. In Europe, managers suffered in the sharp sell offs, which were highly correlated and […] Read more »
Fundamental Commodity and Stat Arb Strategies Preferred for 2014 by FRM
From FRM Investment Management Hedge funds had a small positive month to end 2013. The HFRX Global Hedge Fund Index recorded a 56bps gain, taking performance for the year to positive 6.72%. Within this there was some significant dispersion in manager returns, even within strategies, as the month contained some sizeable asset price movements. Equity […] Read more »
FRM’s Current Preferred Hedge Fund Strategies
In its latest outlook, FRM, Man Group’s $19.5 billion fund of hedge funds and managed accounts business, identifies three potential sources of return for hedge funds. The preferences that FRM expresses are based on a specific market outlook. Europe’s largest independent FoF has an outlook on markets that remains broadly unchanged: FRM thinks that the […] Read more »