All Hedge Funds articles
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White papers
Diversify with real and alternative assets
Hedge funds (HF) to benefit from abundant alpha opportunities
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White papers
Hedge Fund Outlook H2 2024
Hedge Funds (HF) are up 4.2% year-to-date as of March 2024, which compares well with diversified global allocations, including 40/60 Equity/Bond portfolios which are up around +2.2% and have higher volatility. HF performance year-to-date was led by CTAs, EM focused and L/S Equity both Directional and Neutral. Overall, the HF industry continued to produce very strong alpha, up an estimated 6%+ y/y.
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White papers
CIO views: finding value through patient investing
How and where can patience reward investors? Over time, how could patient investors find better value? Across asset classes, our CIOs seek out areas they believe are underestimated or mispriced by the market and could offer superior prospects to investors adopting a long-term approach.
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White papers
Positioning: to the rescue of tech stocks
Last week’s focus was on real rates rising while growth stocks kept outperforming value ones. This week we follow up with a focus on one of the potential explanations to this situation: positioning.
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White papers
Pensions Watch | Issue 24: What’s been happening and what’s on the Horizon in the world of pensions
With the inexorable rise of Defined Contribution (DC) schemes and the continued closure of Defined Benefit (DB) schemes to new members and future accrual, suggestions that DB is dead are ever present. However, with funded DB schemes accounting for around 80% of UK pension assets, most of which are not going to buyout just yet, DB is very much alive and kicking.
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White papers
Merger Arbitrage Investing: When Deals Fall Through
Why we believe a recent failed acquisition is a reminder to think twice about systematic approaches to merger arbitrage.
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White papers
Finding the value in tail hedges
In financial markets, events that occur far outside of expectations are often characterised as tail events. They typically increase the level of volatility in the market, and they can happen both on the upside and the downside.
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White papers
Cryptonite
The FTX collapse is a blow to the idea of finance industry disruption and a potential source of volatility, but we think systemic contagion into broader financial markets is unlikely.
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Podcast
Could Liquid Alternatives Provide Answers?
As we continue to navigate the current challenging investment environment, we look at the aspects of various asset class categories that could provide insight. As we transition into this new regime, investor demand for diversifiers have come into focus.
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White papers
Hedge Fund Strategy Outlook Q2 2022
Last year’s headlines (COVID-19 and China) have been replaced with new concerns (Invasions and Inflation). Central bankers are pivoting from stabilizing growth to limiting inflation.
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White papers
Hedge Fund Strategy Outlook Q1 2022
As we commence 2022, the prospect of a reduction of global liquidity provided by major central banks has increased volatility in the traditional equity and fixed income markets.
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White papers
The Risks Ahead That No One Fully Understands
The economy may return to more “normal” patterns next year, but it will also bring hazards we have never seen before.
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White papers
Hedge Fund Strategy Outlook Q4 2021
As we move in the fourth quarter (Q4), global equity and bond markets are in a tug-of-war involving various good news versus bad news debates. COVID-19 cases are declining, but central banks are considering tightening monetary policy.
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White papers
Hedge Fund Strategy Outlook Q3 2021
With society and economies in transition, investors must underwrite to a wide range of potential outcomes. Progress on vaccinations, central banks beginning a cycle of tightening policy, and earnings growth are important variables that are difficult to gauge.
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White papers
US Stock-Bond Correlation: What are the Macroeconomic Drivers?
For the last 20y, the correlation between stock and bond returns has been negative, enabling CIOs to increase stock allocations, with bonds acting as a hedge, while still satisfying a given risk budget.
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White papers
Hedge Fund Perspectives
We explore hedge fund strategies with structural appeal in a complex market environment.
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White papers
Hedge Fund Strategy Outlook Q2 2021
With a broad-based reopening coming closer into focus, investors are planning for the next stage in the cycle. We believe geographical, asset class and sector rotations will be key to driving returns over the next 12 months. We expect hedge fund managers who shift to securities that have lagged in recent years while hedging out broader market risks or shorting overvalued names will be more likely to generate high-quality returns
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White papers
Hedge Fund Strategy Outlook - Q1 2021
Going into the new year, we are very optimistic about the opportunity set, and we think that active management alpha will be key to success in 2021 as beta-driven momentum slows given potentially stretched valuations. We believe it is prudent to be growth oriented in our portfolio positioning while also holding hedged alternative investments that exhibit low correlations to broader risk assets.
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White papers
Hedge Fund Strategy Outlook Q3 2020
In our view, we continue to believe pricing dislocations between companies, industries, regions and asset classes due to the impact of COVID-19 and corresponding price adjustments offer abundant opportunities for select hedged strategies. The length and depth of both the economic supply-and-demand curve adjustments are key to the richness and tenor of the opportunities.