Many major equity indices have generated negative year-to-date returns after a strong run post-lockdown. What does that mean for private equity investments, and how will the macro headwinds impact them?
Power in the investment management industry is shifting to the money holders from money managers, driven by several major economic, social and political trends. Collectively, these are irresistible forces meeting a moveable object: the traditional asset management industry structure.
The PruLev Global Macro Fund gave up almost one-third of last year's 52 percent gain in February, after being caught out by the return of volatility.
Macroeconomic considerations, like demographics and GDP growth, make emerging markets an obvious place to look for potential investments. Over the long-term, emerging markets are likely to enjoy higher demographic and economic growth than that in developed markets. However, currency risk is a key uncertainty.
Brazilian macro funds had a total assets under management of $30.79 billion in June, a 51 percent increase from the same month one year earlier. Just in the first six months of this year, that figure grew by 18 percent.
Soros is hiring Adam Fisher, the chief investment officer of CommonWealth Opportunity Capital, as a money manager focusing on global macroeconomic trades, according to people with knowledge of the matter. Fisher, who counted Soros Fund Management as one of his biggest investors, is winding down his $2 billion hedge fund firm to join Soros in coming weeks, the people said. Fisher is one of the first big hires by Dawn Fitzpatrick, who joined Soros Fund Management as the chief investment officer earlier this year from UBS Asset Management. The family office hired her to use her asset-allocation experience to diversify...
Bridgewater Associates' Pure Alpha II Fund, a macro strategy within the world's largest hedge fund, declined 2.5 percent during the first half of this year, according to a person with knowledge of the matter. The fund's decline compares with a gain of 3.7 percent for the HFRI Fund Weighted Composite Index, which tracks the broader hedge-fund industry. In the 12 months through June, the Pure Alpha II fund gained 13.3 percent, the person said, asking not to be named discussing performance numbers at the hedge fund. That 12-month number is more significant to pension funds that invest in hedge funds...
Hedge funds ended their five-month winning streak, down 0.07% during June based on preliminary numbers for the month. The average return of the global hedge fund was pulled into negative territory in June as developed market mandates underperformed their emerging market peers, with trend-following and macro strategies lagging behind the pack. Meanwhile, underlying markets as represented by the MSCI AC World Index (Local) were up 0.18% over the same period. Equity markets posted mixed results during the month, with European equities ending the month in the red whilst North American mandates posted modest gains. In contrast, emerging market equity mandates were the bright spot led by strong gains for Chinese equities. Concerns over tightening monetary policy in developed markets (sans Japan) weighted on market sentiment, though there was some support from positive macro numbers coming out from China where Q2 GDP growth appears to be holding steady.
"The Amazon/Google Of Hedge Funds" Warns Of Investing Minefield: Looking To Hire More Macro Analysts
Balyasny Asset Management is a study in portfolio management nuance. In the $12.6 billion hedge fund’s most recent letter to investors, first reported by Business Insider, the hedge fund subtly spoke to a particular strategy and mathematical mindset that is […]
Tages Capital has unveiled a new UCITS-compliant global macro fund in partnership with New York-based alternative investment manager Atreaus Capital. read more