Market Neutral Long/short Hedge Funds' Recent Bounce Remains Vulnerable To Factor Rotations, Says Lyxor
Market neutral long/short hedge funds' recent bounce remains vulnerable to factor rotations, says Lyxor Submitted By Hugh Leask | 12/04/2021 - 1:25pm Market neutral long/short hedge funds have been boosted by the recent bounce in Momentum stocks - but Lyxor Asset Management strategists believe the strategy is vulnerable to sudden factor rotations over the longer-term. The performance of Momentum stocks has stabilised in recent weeks, following the sharp correction in November, in turn aiding certain hedge fund strategies - such as market neutral long/short - which have a Momentum bias.
From the paper by Diogo Palhares & Scott Richardson: "Looking Under the Hood of Active Credit Managers" (Financial Analysts Journal, 2020) Credit investors beware: actively managed credit hedge funds may provide more beta than expected and mutual funds too little. This paper investigates just how much traditional risk premia is responsible for active credit manager fund returns. [...]
Axiom targets credit market dislocation with new long/short hedge fund launch Submitted By Hugh Leask | 02/07/2020 - 1:00pm Axiom Alternative Investments, the USD1.7 billion French investment manager, has launched its first global long/short credit fund in a UCITS format, which aims to capitalise on investment opportunities arising out of credit dislocations following the coronavirus pandemic. Axiom Long/Short Credit, run by portfolio manager Gilles Frisch, trades US and European high yield debt instruments, specifically cash bonds along with vanilla high yield derivatives.
Cheyne Capital Gains Traction With Credit Dislocation Focus, As Long/short Hedge Fund Maintains Momentum
Cheyne Capital gains traction with credit dislocation focus, as long/short hedge fund maintains momentum Submitted By Hugh Leask | 14/05/2020 - 12:11pm Cheyne Capital, the London-based credit and multi-strategy alternative investment manager, has continued to attract investor allocations during this year's turbulence with its focus on market dislocations, as its thematic long/short equity hedge fund notched up successive gains in March and April.
An ASX-listed global equities long/short fund has returned 23.2% in April, as global bourses rebounded following their March lows. : An ASX-listed global equities long/short fund has returned 23.2% in April, as global bourses rebounded following their March lows. L1 Capital's Long Short fund lifted 23.16% pre-tax during the month, however the fund is still down 11.57% since the beginning of the year - and down 9.53% over the past 12 months. It's the fund's strongest month on record, with performance broadly spread by stock and sector.
3rd Mar 2020 - 10:47am JP Morgan targets sustainability alpha with new ESG-focused long/short hedge fund launch Submitted By Hugh Leask | 03/03/2020 - 10:47am JP Morgan Alternative Asset Management is rolling out a new long/short ESG-focused hedge fund strategy, which aims to generate alpha by trading a range of global sustainability themes - but warns that more work is needed on ESG education within the hedge fund industry.
If you have not previously registered with a Euromoney group website please tick below so that we can keep you updated about Institutional Investor and other Euromoney group company products and services by: You can also visit our preference centre and make more specific selections based on your interests. Of course, you can unsubscribe at any time. If you have previously registered with a Euromoney group website and wish to update your marketing preferences, then please visit our preference centre to do so. UBS O'Connor, the bank's multistrategy hedge fund business, will make short bets based on environmental factors in particular, according to its CIO.
By Kevin Hurd and Steve Togher for Cross Shore Capital Management Equity markets rebounded sharply in the first quarter following a pivot by the Federal Reserve to a more dovish stance and an easing of global trade tensions. The S&P 500, Nasdaq, and Russell 2000 indices rose 13.6%, 16.5%, and 14.6%, respectively,
The $21 billion hedge fund BlueMountain Capital Management is closing its long-short equity fund just two years after launching it, a source familiar with the situation tells Business Insider. As a result, four equity portfolio managers were fired this week, several sources tell Business Insider. BlueMountain recruited several money managers from other funds as it restructured its equity business in 2018, including Mahmood Reza from the billionaire Leon Cooperman's Omega Advisors to make investments in financial companies and Sanket Patel from the Citadel alum Anand Parekh's Alyeska Investment Group to manage energy investments.
By Kevin Hurd and Steve Togher for Cross Shore Capital Management Volatility returned to equity markets in the fourth quarter following two relatively benign quarters and, unfortunately for most market participants, it was predominantly to the downside. Despite the highest annual GDP growth rate in 10 years and.