Funds
Managed futures funds were profitable in July as the CTA industry realised a 1.63 per cent monthly gain, according to the Barclay CTA Index, compiled by BarclayHedge, a division of Backstop Solutions. For the year-to-date CTAs are up 2.49 per cent to the end of July.
“A resurgence of the Covid-19 virus and signs of slowing economic activity were not enough to derail a positive outlook based on vaccine hopes and promises of an accommodative monetary policy,” says Sol Waksman, president of BarclayHedge. “Equity prices rose, interest rates and the US dollar declined while gold prices rocketed to new all-time highs.”
The impact of the ongoing coronavirus crisis – which has seen an unprecedented market sell-off give way to a dizzying equity rally, with heightened volatility still tentatively looming over all manner of companies and sectors – is providing a rich assortment of relative value trading opportunities for Oliver Dobbs (pictured), founder and chief investment officer of London-based Credere Capital.
Before launching his relative value/convertible bond arbitrage fund in partnership with Trium Capital in 2017, Dobbs managed similar strategies for well-known hedge fund firms including CQS, Sir Michael Hintze’s multi-strategy credit-focused outfit, BlueCrest Capital Management, the long-running New York-based manager founded
By Don A Steinbrugge, Agecroft Partners – Although hedge fund indices can be a very useful tool, indices can also create confusion if their construction and composition are not well understood.
Take for example hedge fund industry performance: what does this number represent? The hedge fund industry is not an asset class, rather, it is a fund structure that may be used in a broad array of strategies. It is like calculating the performance of the mutual fund industry into a single number by combining the performance of money market funds, bond funds and equity funds.
In addition, in any
The hedge fund industry turned in a fourth consecutive positive month in July as stock markets’ continued strong performance contributed to a 2.76 per cent return, according to the Barclay Hedge Fund Index, compiled by BarclayHedge, a division of Backstop Solutions. By comparison, the S&P 500 Total Return Index was up 5.64 per cent in July and closed at an all-time month-end high.
Year-to-date, the hedge fund industry moved back into the black, up 0.07 per cent. The S&P 500 Total Return Index was up 2.39 per cent over the same period.
Every hedge fund sector tracked by the Barclay Hedge
Quantumrock, the Munich-based AI investment technology firm, has announced its fifth month of strong performance for its flagship strategy Volatility Special Opportunities Program (VSOP).Up 37.02 per cent for the year, and by 0.63 per cent for the month, VSOP has continued to prove that it can deliver encouraging results when markets are relatively calm, as well as during times of volatility. This month, the balanced component moved with the market and contributed +2.42 per cent.
VSOP entails a systematic multi-strategy approach in the S&P 500 index volatility market with a real-money track record dating back to July 2016. The
Alternative investment platform CAIS, which provides financial advisers with access to a wide range of alternative investment strategies including, hedge funds, has reported rapid adoption of its CAIS IQ learning system.Read the full story at Wealth Adviser…
Hedge funds have collected almost EUR200 million from successful bets against the embattled travel and leisure sector, with short positions in Lufthansa, TUI and IAG driving the bulk of the gains recently.
New analysis by Ortex, the London-based equity analytics firm, shows short sellers made EUR196 million in profits from component companies of the STOXX Europe 600 Travel & Leisure Index in July – a sharp rise from the EUR41 million worth of gains in June.
Bets against major airlines and package holiday groups fuelled returns as the ongoing coronavirus pandemic has put European consumers’ summer vacation plans on ice.
The gross return of the SS&C GlobeOp Hedge Fund Performance Index for July 2020 measured 1.82 per cent.Hedge fund flows as measured by the SS&C GlobeOp Capital Movement Index advanced 0.55 per cent in August.
“SS&C GlobeOp’s Capital Movement Index for August 2020 rose 0.55 per cent, indicating positive net flows. On a comparative basis, the 0.55 per cent gain was higher than the 0.45 per cent increase reported for the same period a year ago and was also the largest net inflow for any month of August since 2016,” says Bill Stone, Chairman and Chief Executive Officer, SS&C
Larger hedge funds’ performance in 2020 remains “significantly” below industry averages, according to new industry stats, suggesting that bigger may not necessarily be better when it comes to managers recouping losses suffered earlier in the year.
The ten largest hedge funds reporting to eVestment remain some 4.61 per cent in the red year-to-date, despite posting a 1.31 per cent gain in July.
In contrast, hedge funds overall are now flat for the year, at 0.00 per cent, having registered a 3.43 per cent rise last month to successfully claw back losses suffered in H1.
“Size appears to be something of
Recession-hit UK now a “difficult sell” for investors, with potential concerns for hedge funds
Recession-hit UK now a “difficult sell” for investors, with potential concerns for hedge funds