Hedge Funds Back The Wrong Bull
<p>It’s been a long, long time since hedge funds outpaced the market. The HFRI Fund Weighted Composite Index lost to the S&P 500 for eight consecutive years from 2009 to 2016, and it’s on track to lose again this year. The HFRI Index is up 3.5 percent through May, while the S&P 500 is up 8.7 percent, including dividends.</p>
<p>It’s not just the S&P 500 that’s beating hedge funds. Astonishingly, hedge funds have trailed stocks everywhere since global markets recovered from the 2008 financial crisis. From March 2009 through May, the HFRI Index lost to the Russell 2000 Index by 11.9 percentage points annually, the MSCI EAFE Index -- a collection of companies in developed markets outside the U.S. -- by 5.6 percentage points, the MSCI EAFE small Cap Index by 10.3 percentage points, the MSCI Emerging Markets Index by 5.7 percentage points, and the MSCI Emerging Markets Small Cap Index by 8.4 percentage points.</p>
Alluvial Continues Strong Returns In Q1 With Under The Radar Small Cap Investments
Alluvial is having a great year. See their Q1 letter to investors below Also see Their HiddenValueStocks.com interview Arquitos Capital Up 55% In 2016 (28% CAGR) Amid Big Hedge Fund Interview:
Saint-Gobain To Acquire Italian Company H-old From Arcadia Small Cap
<p>Saint-Gobain has acquired 100% of the share capital of the Italian company h-old from private equity fund Arcadia Small Cap. Founded in 1982, h-old designs, manufactures and distributes – mostly in Europe – specialty adhesive tapes for various high-performance applications for industrial and automotive markets. Its sales should be around €25 million in 2016.</p>
Equity Venture Partners, Microequities Launch Joint $15M VC Fund
Startup advisory firm Equity Venture Partners and small cap fund manager Microequities have teamed up to launch a A$20-million ($15.4 million) venture fund chasing “exceptional founders.”
IK Investment Partners Raises EUR 277M For Debut Small Cap Fund
IK Investment Partners (IK or the Firm), a European private equity advisory group with Nordic roots, is pleased to announce that it has closed its first fund focused on the small cap market, the IK Small Cap I Fund (IK Small Cap I or the Fund), at its hard cap.
For Fast-Growing Family Office, It’s Perks That Seal The Deal
Walk around the headquarters of Silvercrest Asset Management Group, and you’ll feel like a little piece of Thomas Jefferson’s Monticello landed atop a New York skyscraper. Antique maps of Virginia de...
The Richest Family Offices, Ranked
Our ranking is based on data compiled by Bloomberg from information self-reported by multifamily offices.
Balter Converts Pair Of Hedge Funds To Alternative Mutual Funds
While new leverage rules proposed by the SEC may force some liquid alternatives to retool their investment approach or convert to private funds, there remains a steady flow of voluntary conversions in the opposite direction. Long/short equity is the original “hedged fund” strategy, as pioneered by Alfred W. Jones in the late 1940s, and it’s a strategy that’s well-suited to the modern regulatory environment of ’40 Act mutual funds. Thus, with mainstream investors increasingly looking to diversify their exposures through alternatives, and alternative asset managers continually looking to diversify their client base by expanding into the retail market, it’s no...
Transactional Activity In The Energy Sector - Market Snapshot
For many decades, the Norwegian continental shelf (NCS) has offered great opportunities for petroleum exploration and production.
BofAML: Hedge Funds Sell NASDAQ 100, Continue Unwinding S&P 500 Shorts
Hedge funds sold NASDAQ 100 contracts for the first time in Q4/15 after buying in consecutive months to accumulate the most contracts since September 2012, according to the latest issue of Bank of America Merrill Lynch’s Hedge Fund Monitor. Moreover, they have continued to unwind short positions in the S&P 500, slashing short contracts by 63% from the October 6 high. BofAML’s Investable Hedge Fund Composite index was down 0.25% for the week through November 18, but remains up 0.83% QTD and down 2.24% YTD. CTAs led the charge in the period, up 1.92%, while Convertible Arb lagged the most,...