Trend following hedge fund managers gained ground in July following a patchy first half of 2020, notching up their best monthly performance so far this year by capitalising on soaring gold prices and emerging trends against the US dollar.
Brummer & Partners, a Stockholm-based multi-strategy hedge fund firm, continued to generate positive performance as markets moved into the second half of the year, notching up gains across its trend-following, equity, credit and relative value strategies in July.
GAM Systematic, the Cambridge-based quantitative investment management unit of Swiss-headquartered global asset manager GAM, saw its assets tumble in the first half of 2020 as investors withdrew CHF900 million (USD981.3 million).
Hedge fund giant Man Group sees assets fall 8 per cent in first half, as coronavirus crisis creates performance challenges
Man Group has seen its funds under management tumble 8 per cent this year, as investment performance took a hit and investor redemptions spiked during the coronavirus crisis - but CEO Luke Ellis says the London-headquartered publicly-traded hedge fund group remains well-positioned despite 2020’s ongoing challenges.
Hedge fund investors are evenly split over how satisfied they are with the industry’s performance this year, according to a new industry poll by investment consultant bfinance.
Altana Wealth, the credit, currency and special situations-focused hedge fund led by former Trafalgar Asset Managers co-founder Lee Robinson, believes its specialist corporate bond strategy is well placed to generate further gains following a strong second quarter performance.
Hedge fund assets have risen sharply in the past three months, as strategy performance recovers and investors scramble to capitalise on opportunities emerging amid the post-Covid sell-off environment.
The gross return of the SS&C GlobeOp Hedge Fund Performance Index for June 2020 measured 2.51 per cent.
Hedge funds continued their positive ways in June, riding a continuing stock market recovery and reopening economies to a 2.04 per cent monthly return, according to the Barclay Hedge Fund Index, compiled by BarclayHedge, a division of Backstop Solutions.
Energy hedge fund Westbeck sees “big opportunity” in oil equities following stellar first-half performance
Westbeck Capital, a London-based oil-focused hedge fund, continues to generate stellar double-digit returns in 2020’s lively energy markets, and believes short-term mis-pricings in oil equities offers further buying opportunities ahead of a potential price recovery later this year.