Funds
AQR Capital Management (AQR) has launched the AQR Diversifying Strategies Fund, which is designed to be a single solution to gain exposure to liquid alternatives with attractive long-term risk-adjusted returns by investing in a portfolio of AQR’s alternative mutual funds.
Leveraging AQR’s 20-year track record in alternative investing and position as a leader in liquid alternatives, the Fund is intended to serve as a complementary addition to an investor’s traditional stock and bond portfolio. The Fund will offer exposure to multiple alternative return sources that are independent from traditional stock and bond markets, which creates the potential to do well
Hedge funds are continuing to recover from sharp losses suffered earlier this year, notching up positive returns for the second successive month in May as economies slowly reopen following the coronavirus lockdown, new data from Hedge Fund Research shows.
All long/short equity hedge fund strategies clawed back profits last month, including sector-specialist managers such as technology and materials, while activist and special situations funds are making hay amid widespread global market dislocations.
The HFRI Fund Weighted Composite Index – which tracks the performance of more than 1,400 single manager funds of various strategies globally – gained 2.5 per cent in May, with
When hedge fund indices tumbled in tandem with equities during this year’s historic Q1 sell-off – before sharply rebounding in April with their biggest monthly gain since the 2008 financial crisis – it reignited the debate over alternatives’ role in investment portfolios, and particularly the hedge fund industry’s core objective of outsized gains uncorrelated to broader marker performance.
Global macro managers have outflanked the rest of the hedge fund pack in recent weeks, with discretionary funds and emerging markets-focused strategies building momentum as markets recovered and oil prices rebounded, new analysis by Lyxor Asset Management shows.
Global macro strategies rose 2.4 per cent last month, as discretionary funds and managers trading emerging market strategies seized on the recent trend reversals across risk assets during Q2, Lyxor’s cross-asset research team said.
By maintaining or increasing risk in portfolios during March’s historic sell-off, EM and discretionary macro funds were able to outperform their systematic counterparts, said the note, which was
Pictet Asset Management, the investment management arm of the Geneva-headquartered wealth management giant Pictet Group, has unveiled a novel global equity strategy focusing on family-owned businesses.
Long-running multi-manager hedge fund Brummer & Partners’ flagship vehicle has generated gains across its equity, credit, macro and relative value strategies, as equities rose last month amid hopes of a global economic recovery.
Algebris Investments, a London-based multi-strategy credit and equities-focused hedge fund manager, is staking out alpha opportunities across a range of stressed credits which stand to gain from a resumption in activity post-lockdown.
The European Energy Exchange (EEX) has achieved another milestone in its Freight business by gaining the majority share of volume in the total Dry Freight market for the first time since launching the business in 2016. Throughout the month of May, EEX reported a 50.5 per cent volume share of the Dry Freight market (19 May: 3.48 per cent) in addition to a 54 per cent share in Open Interest (19 May: 7.73 per cent) thereby becoming the market leader as the No.1 Exchange in Dry Freight Trading worldwide.
Steffen Koehler, Chief Operating Officer, EEX, says: “In 2016, EEX entered the Dry
Tollymore Investment Partners (Tollymore), a private investment partnership for long term investors, has generated returns of 19.9 per cent per annum gross since inception in May 2016. This includes a return of 8.9 per cent per annum gross in 2020 YTD despite significant market turmoil.Tollymore highlights that GBP1 invested at inception would be worth GBP2.08 today, after expenses but before fees paid to Tollymore. Over the same period GBP1 invested in the MSCI All Country World Index would have generated a return of 60p. Around two thirds of this benchmark outperformance, and around 85 per cent of the absolute investment result, would have
Pictet chief strategist cautious on equities rebound, warning on UK as materials and Japan offer value
Pictet chief strategist cautious on equities rebound, warning on UK as materials and Japan offer value