Browsing: Hedge Funds

Hedge Funds

Distressed Debt: What Happens When the Tree Stops Growing?

Dec 9th, 2018 | Filed under: Newly Added, Hedge Fund Strategies, The A.I. Industry, Hedge Funds, Event-Driven Hedge Funds, The Global Economy & Currencies, Economics, Macro and Managed Futures Funds, Finance & Economics

Distressed debt markets have four themes emerging, according to a new paper issued by the Wells Fargo Investment Institute They are: the consequences of central bank tightenings around the globe; the elevation of debt levels, also something happening globally; the regulatory pressure over non-conforming loans (especially in Europe); and theRead More


Who Killed the Brokaw Paper Mill?  Not the usual hedge fund suspects

Dec 2nd, 2018 | Filed under: Newly Added, The A.I. Industry, Equity Hedge Funds, Insolvency, Hedge Funds, Event-Driven Hedge Funds, Business News

A new paper in the Journal of Business, Entrepreneurship, and the Law looks at the “Brokaw bill” of 2016 and at the facts said to have motivated it. This turns out to be an object lesson in how scary hedge funds, especially activist hedge funds, look to legislators, and theRead More


EYES ON THE ALTERNATIVE INVESTMENT PRIZE: 4 THEMES FOR 2019

Nov 28th, 2018 | Filed under: Newly Added, Hedge Fund Industry Trends, Private Equity, Venture capital, Hedge Funds

By Diane Harrison We’ve reached that time of the year again, when prognosticators are producing all manner of publications centering on how the 2019 investment landscape will likely take shape. Robeco issued a white paper in October, ‘Turbulence Ahead: Investment Outlook 2019,’ in which they state ‘…next year we expectRead More


Steamrollers, Geniuses and Market Crashes

Nov 27th, 2018 | Filed under: Newly Added, Hedge Fund Operations and Risk Management, The A.I. Industry, Risk management, Operations, Hedge Funds, The Global Economy & Currencies, Risk Management Strategies & Processes, Relative Value Hedge Funds, Risk Management & Operations, Finance & Economics

McGraw Hill Education has brought out a new book by Bruce I. Jacobs, of Jacobs Levy Equity Management. The book, Too Smart for our Own Good, concerns “ingenious investment strategies, illusions of safety, and market crashes.” The thesis is that the financial crises of recent decades are the consequence ofRead More


Eurekahedge: Hedge Funds Failing to Perform in 2018

Nov 25th, 2018 | Filed under: Newly Added, Hedge Fund Industry Trends, Hedge Fund Strategies, The A.I. Industry, Equity Hedge Funds, Indexes, Hedge Funds, Event-Driven Hedge Funds, Macro and Managed Futures Funds, Allocating to A.I.

The newest Eurekahedge report says that hedge funds globally are experiencing their worst year since 2008. They are down -2.15% for 2018 to date and in the first 10 months of 2008 they were down a full 9.55%. Other Year-to-Date Numbers Only a minority (roughly 47%) of hedge fund managersRead More


The Rise of the Net Short Debt Activist

Nov 23rd, 2018 | Filed under: Newly Added, The A.I. Industry, Hedge Funds, Event-Driven Hedge Funds

A memorandum prepared by law firm Wachtell Lipton looks at what it calls the “rise of the net short debt activist.” Wachtell Lipton earned its wings on Wall Street as a defender of established managements when those managements find themselves facing activism or takeover. Indeed, one of the founding partners,Read More


Digitization of alternative investments: the rise of technology

Nov 20th, 2018 | Filed under: Newly Added, Private Equity, The A.I. Industry, Venture capital, Technology, Operations, Hedge Funds, Other Issues in Private Investments, Private Investments, Risk Management & Operations

KPMG, the auditing giant based in the Netherlands, has put out a white paper on the “digitization mandate” in the alternative investment space.  It maintains that fund managers who “dawdle” in digitizing their business are acting foolishly, falling behind the expectations of their actual and potential investors. Consider fees. PreqinRead More


M&A Worldwide Near-Term: New Numbers from Intralinks

Nov 15th, 2018 | Filed under: Newly Added, Hedge Fund Strategies, The A.I. Industry, Equity Hedge Funds, Hedge Funds, Event-Driven Hedge Funds, Family Offices, Allocating to A.I.

The Intralinks Deal Flow Predictor is forecasting a lot of  deals for the first quarter of 2019: 20% year-over-year growth. However, if one looks at a broader frame, the last quarter of this year and the first quarter of the next, the year-over-year growth looks less impressive, at 6% worldwide.Read More


EY Reports on Alternative Investments and Artificial Intelligence

Nov 13th, 2018 | Filed under: Newly Added, Hedge Fund Industry Trends, Private Equity, Hedge Fund Strategies, The A.I. Industry, Risk management, Hedge Funds, Private Investments

The twelfth annual report of what used to be known as the EY Global Hedge Fund Survey has been re-christened the EY Global Alternative Fund Survey. As it has under the earlier name, EY again records the views of fund managers and investors around the globe on a wide rangeRead More


Panayiotis Lambropoulos: The View from a Public Pension Manager’s Office

Nov 11th, 2018 | Filed under: Newly Added, Hedge Fund Operations and Risk Management, The A.I. Industry, Due Diligence Process, Institutional Investing, Alpha Hunters, Risk management, Asset allocation, Hedge Funds, Asset Allocation Models, Alternative Investments in Context, Institutional Asset Management, Risk Management Strategies & Processes, Risk Management & Operations, Allocating to A.I.

On Nov. 13, the 24th Annual National Pension and Institutional Investment Summit convenes in Dallas Texas. CAIA is a sponsor of this event. Panayiotis Lambropoulos, portfolio manager of hedge funds at the Employees Retirement System of Texas, will offer his insights at a panel on emerging hedge fund managers. Lambropoulos’Read More


Altman: 30 Years of Distressed Debt Strategies

Nov 8th, 2018 | Filed under: Newly Added, Hedge Fund Strategies, The A.I. Industry, Debt Types of Private Equity, Financial Economics Theory, Hedge Funds, Private Investments, Finance & Economics

In the late 1980s, the chairman of The Foothill Group approached Edward I. Altman, already then well known for the creation of the Z-score used for predicting bankruptcy. The chairman asked Altman to develop a descriptive and analytical white paper on distressed debt. He obliged, writing first a paper onRead More


Avoiding Over-Allocation to Alternative Investments

Nov 6th, 2018 | Filed under: Newly Added, Private Equity, The A.I. Industry, Institutional Investing, Risk management, Asset allocation, Hedge Funds, Asset Allocation Models, Risk Metrics and Measurement, Institutional Asset Management, Private Investments, Risk Management Strategies & Processes

A new white paper from New York Life looks at the role of alternatives in portfolio construction and argues that usual risk-return based approaches can underestimate risk and lead to over-allocation to the alternatives. The paper, by Amit Soni, an NYL portfolio manager, proposes a new method “to quantify performanceRead More


Volatility & Creative Destruction: Some Pieces of the Larger Puzzle

Nov 4th, 2018 | Filed under: Newly Added, Private Equity, The A.I. Industry, Hedge Funds, Private Investments

The President’s Letter at the start of the latest Investment Quarterly from Neuberger Berman, the investment management spin-off from the late Lehman Brothers, looks at US stock market volatility through October, and fits it into the broader business-cycle picture. President (and CIO) Joseph Amato observes that optimists will look atRead More


The View from Toronto: Ratios Aren’t Set in Stone

Oct 30th, 2018 | Filed under: Newly Added, Hedge Fund Strategies, The A.I. Industry, Asset allocation, Hedge Funds, High-net-worth investors, Asset Allocation Models, Institutional Asset Management, Family Offices, Allocating to A.I.

On Oct. 29, the AIMA Canada Investor Forum 2018 convened at Sheraton Centre, Toronto. The event focused on new innovations in the world of alternative finance, brought about by a combination of investor demand and technological change. The forum kicked off with a discussion about the current role of hedgeRead More


I Quant to Be a Trillionaire

Oct 22nd, 2018 | Filed under: Newly Added, What about beta?, Hedge Funds

By Bill Kelly, CAIA Association CEO Everyone from Bruno Mars to Donald J. Trump wants to be a mere billionaire “so freakin’ bad.” Heck, even the current Mega Millions Lottery has become a misnomer with the current jackpot for this US game of chance standing at $1.6 billion for theRead More


Hedge Funds in a Time of Wear and Tear

Oct 21st, 2018 | Filed under: Newly Added, Hedge Fund Industry Trends, Hedge Fund Strategies, The A.I. Industry, Equity Hedge Funds, Indexes, Hedge Funds, Event-Driven Hedge Funds, Relative Value Hedge Funds

The latest report from Eurekahedge tells us that Asia-focused strategies in the hedge fund universe are showing the wear and tear of the US/China trade dispute. The Eurekahedge Greater China Hedge Fund Index shows losses of 8.16% through the first nine months of the year. The Eurekahedge commentary observes thatRead More


Some Clarity from the Delaware Supreme Court for Activists

Oct 18th, 2018 | Filed under: Newly Added, Hedge Fund Strategies, The A.I. Industry, Equity Hedge Funds, Regulatory, Regulatory Environment, Hedge Funds, Event-Driven Hedge Funds, Legislation/Court rulings

The Delaware Supreme Court, on Oct. 9, upheld the Chancery Court’s dismissal of a buyout/squeeze-out related lawsuit. In the process, it issued an opinion that indicates that the room for activist investors to use litigation or the threat of litigation to derail controlling shareholder transactions may be quite small, andRead More


A Brief History of Asset Allocation

Oct 16th, 2018 | Filed under: Newly Added, CAPM / Alpha Theory, Algorithmic and high-frequency trading, Hedge Fund Strategies, The A.I. Industry, Financial Economics Theory, Risk management, Crowdfunding, Hedge Funds, Emerging Alternative Investments, Risk Metrics and Measurement, Business News, Risk Management Strategies & Processes, Finance & Economics, Other Topics in A.I.

Glassbridge has put out an ambitious white paper about the “evolution of asset allocation across the investment management industry,” one that begins with the basics of the Capital Asset Pricing Model and ends with quantitative analysis and crowdsourcing. The premise is that new strategies, and new ranges of data, areRead More


Hedge Funds in the Slow-down Phase

Oct 9th, 2018 | Filed under: Newly Added, Hedge Fund Strategies, The A.I. Industry, Equity Hedge Funds, Hedge Funds, Event-Driven Hedge Funds, Macro and Managed Futures Funds, Relative Value Hedge Funds

Fidante Partners, part of the Challenger Limited Group, has issued a white paper on the performance of hedge funds of various strategies in the slowdown and recession phases of a business cycle. The report, written by Joachim Klement, Fidente’s head of investment research, posits that the world is now inRead More


Self-Organizing Maps for Selecting Hedge Funds

Oct 9th, 2018 | Filed under: Newly Added, Performance, Analytics & Metrics, Hedge Fund Strategies, The A.I. Industry, Asset allocation, Benchmarking & Performance Attribution, Hedge Funds, Asset Allocation Models, Risk Management Strategies & Processes, Allocating to A.I.

A new paper by Claus Huber, of Rodex Risk Advisers, looks at machine learning for risk analysis, working especially from the “self-organizing maps” associated with Finnish Professor Teuvo Kohonen. A SOM is a low-dimensional representation of input space (thinking of it as two dimensional makes the “map” analogy intuitive, andRead More


Goldman Sachs Equity Hedge Fund Report Deep Dives 13Fs

Oct 7th, 2018 | Filed under: Newly Added, Hedge Fund Industry Trends, Hedge Fund Strategies, The A.I. Industry, Equity Hedge Funds, Alpha Strategies, Risk management, Hedge Funds, Risk Management Strategies & Processes, Structure of the Hedge Funds Industry

Working from a database drawn from 13F filings, authors of a new report from Goldman Sachs Asset Management maintain: (1) hedge funds tend to overweight equities in three markets: information technology, consumer discretionary, healthcare; (2) quarter-on-quarter turnover for equity hedge funds’ portfolios is limited; and (3) a long-only sample portfolioRead More


Peeling the Onion of Equity Hedge Fund Alpha

Oct 4th, 2018 | Filed under: Newly Added, CAPM / Alpha Theory, Hedge Fund Strategies, The A.I. Industry, Equity Hedge Funds, Financial Economics Theory, Hedge Funds, Finance & Economics

The founder of CEO of MSR Indices, a Parsippany, N.J.-based index-investors consultancy, has authored a white paper on target volatility, also known as intertemporal risk parity. The gist of the paper is that: (1) equity hedge funds do secure alpha for their investors, obvious if one measures their performance againstRead More


European Hedge Funds and their Prime Brokers

Sep 30th, 2018 | Filed under: Newly Added, Hedge Fund Industry Trends, Hedge Fund Strategies, The A.I. Industry, Equity Hedge Funds, Hedge Funds, Structure of the Hedge Funds Industry

A recent article by three Deloitte risk advisory executives looked at what European hedge fund managers value most in their prime brokers. The short answer: counterparty strength; good working relationships; competitiveness of fees; and the performance of core PB roles at a high level. Let’s drill down a bit intoRead More


Intralinks/Global Fund Media Survey of LPs Shows Satisfaction

Sep 25th, 2018 | Filed under: Newly Added, Real Estate, Private Equity, The A.I. Industry, Debt Types of Private Equity, Liquid and Fixed Income Real Estate, Institutional Investing, Hedge Funds, Equity Types of Private Equity, High-net-worth investors, Other Issues in Private Investments, Endowments & Foundations, Institutional Asset Management, Private Investments, Real Estate Equity Investments, Family Offices, Real Assets, Allocating to A.I.

Intralinks has once again collaborated with Global Fund Media in a survey of limited partners on their satisfaction with recent results and on how they see global investment opportunities near-term. As to satisfaction: 18% of LPs say that their results from alternative investments have been better than they expected. ARead More


10 Years Later: Glasner Looks Back at the GFC

Sep 20th, 2018 | Filed under: Newly Added, The A.I. Industry, Equity Hedge Funds, Hedge Funds, The Global Economy & Currencies, Macroeconomics, Finance & Economics

David Glasner, an economist with the Federal Trade Commission, in a new Mercatus Research Paper, offers what he calls a “deeper explanation of the financial crisis of 2008 and the subsequent recovery.” Deeper than what? Deeper than attributing the bust to the bursting of the housing price bubble. Glasner’s newRead More


Inaccurate News Analytics: When Robots Get Things Wrong

Aug 28th, 2018 | Filed under: Newly Added, Algorithmic and high-frequency trading, The A.I. Industry, Equity Hedge Funds, Hedge Funds, Event-Driven Hedge Funds, Business News

A new study prepared for the Federal Reserve Board looks at the use of algorithms to read and interpret financial news. While there have been a lot of studies that have looked at this topic, one unique feature of this new paper, “First to ‘Read’ the News,” is that itRead More


Hedging or Trading? Why Italian Banks Use Derivatives

Aug 23rd, 2018 | Filed under: Newly Added, Derivatives, The A.I. Industry, Risk management, Hedge Funds, Credit Derivatives, The Global Economy & Currencies, Commodities, Economics, Institutional Asset Management, Risk Management Strategies & Processes, Risk Management & Operations

A recent report by the Bank of Italy looks at why the various banks of Italy use derivatives. Specifically, the central bank of that country wanted to know: is it a matter of hedging? Or is it a matter of keeping a proprietary book? Hedge fund managers and other pursuersRead More


Asia-Pacific Region Will Continue to Dominate M&A Activity in 2H2018

Aug 21st, 2018 | Filed under: Newly Added, The A.I. Industry, Equity Hedge Funds, Hedge Funds, Event-Driven Hedge Funds

Intralinks has issued its Deal Flow Predictor for mergers and acquisitions activity through the fourth quarter of 2018. This report doesn’t involve a crystal ball, nor the leak of inside information. Rather, Intralinks tracks early-stage M&A activity, the better to predict the volume of as-yet unmade announcements. The gist ofRead More


Eurekahedge: Hedge Funds Trailing Behind Last Year’s Performance

Aug 19th, 2018 | Filed under: Newly Added, Hedge Fund Industry Trends, Hedge Fund Strategies, CTA, The A.I. Industry, Industry Size & Managers, Equity Hedge Funds, Hedge Funds, Event-Driven Hedge Funds, Macro and Managed Futures Funds, Relative Value Hedge Funds

According to Eurekahedge, with the July numbers on hedge fund performance now available, 8.5% of hedge fund managers have posted double-digit gains in 2018 to date. Most of that gain is focused on those with a long/short equities mandate. That number is quite low. Eurekahedge contrasts it with the firstRead More


Central banks: Hedge fund friend or foe?

Aug 12th, 2018 | Filed under: Newly Added, The A.I. Industry, Equity Hedge Funds, Hedge Funds, Relative Value Hedge Funds

Are central bankers friends or foes of hedge funds and other seekers of alpha? In particular, what is the answer to this friend-or-foe question for the period since the global financial crisis a decade ago, where the central bankers with whom we are especially concerned are those at the USRead More


Hedge Funds Arms Race for Alpha

Aug 10th, 2018 | Filed under: Newly Added, Consultants, Hedge Fund Strategies, The A.I. Industry, Institutional Investing, Hedge Funds, Commodities, Endowments & Foundations, Institutional Asset Management

By Don Steinbrugge It is no secret that the vast majority of investors, including hedge funds managers, have underperformed market indices over time. However, some managers have distinguished themselves generating very strong risk adjusted returns. Outperforming an index requires an information advantage over what is broadly available in market.  ItRead More


Volatility Arbitrage and Cross-Border Options

Jul 29th, 2018 | Filed under: Newly Added, Hedge Fund Strategies, Investing in Commodities, Alpha Strategies, Risk management, Hedge Funds, Commodities, Macro and Managed Futures Funds, Risk Management Strategies & Processes, Risk Management & Operations

A new paper, by Adriano Tosi, of the University of Zurich, Switzerland, looks at the mispricing of a cross-section of international option returns, which suggests that there is money to be made (in more decorous language a “positive risk premium” may be “commanded,”) by selling exchange-traded products and buying theRead More


BarclayHedge Numbers Show Cryptocurrency Dive

Jul 19th, 2018 | Filed under: Newly Added, Currencies, CTA, The A.I. Industry, Emerging Alternative Investments, The Global Economy & Currencies, Digital currencies, Commodities, Macro and Managed Futures Funds, Other Topics in A.I.

BarclayHedge says that its flash estimate for the Barclay CTA Index shows a 0.05% loss in June, and a 2% loss year to date. More remarkably, the flash estimate shows a 16.23% drop in June and a 45.43% drop YTD for the CryptoCurrency Traders Index. The founder and president ofRead More


Eurekahedge: 2018 YTD Growth Positive but Unimpressive

Jun 24th, 2018 | Filed under: Newly Added, Hedge Fund Industry Trends, Hedge Fund Strategies, CTA, The A.I. Industry, Industry Size & Managers, Equity Hedge Funds, Indexes, Hedge Funds, Event-Driven Hedge Funds, Macro and Managed Futures Funds, Relative Value Hedge Funds

The newest Eurekahedge report says that total hedge fund assets have grown by $26.4 billion in the year to date (through May). The gain is the result of inflow, not of positive performance. Assets flowing in to the industry’s coffers YTD equal $30 billion, and one gets the net growthRead More


Three Drivers of Hedge Fund Consolidation

Jun 19th, 2018 | Filed under: Newly Added, Hedge Fund Industry Trends, Hedge Funds, Structure of the Hedge Funds Industry

A new report from Navigant Capital Advisors, a Chicago-based investment-banking service provider, says that hedge funds will soon catch a wave of industry consolidation, largely through mergers and acquisitions. Navigant offers both sell-side and buy-side advisory services and well as private placement transactions and related services. Its report, Hedge FundRead More


Hedge Fund Hegemony And How To Handle It

Jun 18th, 2018 | Filed under: Newly Added, Investor Relations, Hedge Funds, Sales & Marketing in the AI Industry

By Diane Harrison Hegemony, holding a slightly sinister meaning in most contexts, defines an asymmetrical power relationship, in which there is social, cultural, ideological, or economic influence exerted by one group over others. Where better to see hegemony in practice than in the world of hedge funds, when the behemothRead More


Quants and Fundamentalists Unite!

May 31st, 2018 | Filed under: Newly Added, Hedge Fund Industry Trends, Algorithmic and high-frequency trading, The A.I. Industry, Hedge Funds, Fees, Structure of the Hedge Funds Industry

By standard definition, a “quantitative” investing strategy is one that selects securities using customized models, often algorithm-driven and thus on the operational level independent of human judgment. Again working from standard definitions, a “fundamental” investing strategy involves an examination of whether the entity issuing a security (corporation, sovereign, or other)Read More


Operating Expenses, Strategies, and Scale

May 15th, 2018 | Filed under: Newly Added, Benchmarking & Performance Attribution, Hedge Funds, Structure of the Hedge Funds Industry, Allocating to A.I.

Meketa Investment Group has issued a paper on the state of hedge fund operating expenses, the point of which is to offer actual and potential fund investors and their managers alike a benchmarking tool. By definition operating costs are those costs associated with day-to-day operations and the needs of anRead More


Thoughts on the European Regulation on Short Selling

May 3rd, 2018 | Filed under: Newly Added, Hedge Fund Regulation, The A.I. Industry, Equity Hedge Funds, Regulatory, Regulatory Environment, Hedge Funds

A new paper by Marco Dell’Erba and Giovanni Patti takes a look at a recent crisis involving the stock of the Monte dei Paschi di Siena (MPS), as a way of studying the pragmatics of the European Regulation on short selling (SSR). Dell’Urba is affiliated with the New York UniversityRead More


The Role Dividends Can Play in International Equity Investing

Apr 30th, 2018 | Filed under: Newly Added, Equity Hedge Funds, Hedge Funds

Summary Dividend yielding stocks can make a meaningful contribution to a portfolio in international markets as well as domestic. Higher returns are not always associated with higher risk. High dividend investing has been beneficial over most years and investment horizons. An emphasis on dividends appears to contribute across cycles, sectorsRead More


China-US Trade War and Other Worries

Apr 29th, 2018 | Filed under: Newly Added, The A.I. Industry, Industry Size & Managers, Hedge Funds, Event-Driven Hedge Funds

The Eurekahedge April 2018 report says that hedge funds were down in the first quarter of the year (-0.13%). This is the industry’s worst performance since Q1 2016. The steepest performance-based losses by regional mandate were those of the North American funds, they lost $1.2 billion. Meanwhile, asset inflows remainedRead More


AIMA’s Vision Statement from Hedge Fund Industry Leaders

Apr 22nd, 2018 | Filed under: Newly Added, The A.I. Industry, Liquid Alternative Investiments, Hedge Funds, Alternative Investments in Context, Other Topics in A.I.

Some of the leading figures in the alt investment industry have put their dignified heads together and created a vision statement, called “Perspectives: Industry Leaders on the Future of the Hedge Fund Industry.” The gist of the paper is that firms in the industry are quickly adapting to contemporary conditionsRead More


Understanding the Surge in Appraisal Remedies

Apr 17th, 2018 | Filed under: Newly Added, Hedge Fund Strategies, Equity Hedge Funds, Hedge Funds

A new paper by Alexandros L. Seretakis takes a comparative look at appraisal rights in the United States and the European Union, noting along the way that this familiar legal protection mechanism for minority shareholders has become quite high-profile in recent years. Appraisal rights have given rise to “a newRead More


Funds Use Public Info to Complement Private Signals

Apr 12th, 2018 | Filed under: Newly Added, CAPM / Alpha Theory, Equity Hedge Funds, Financial Economics Theory, Hedge Funds, Event-Driven Hedge Funds, Finance & Economics

Alan D. Crane and two colleagues have written a paper on whether and how hedge funds profit from publicly available information, in particular from SEC filings. Crane is an assistant professor at Houston’s Rice University, Jesse H. Jones Graduate School of Business. He and two Rice students, Kevin Crotty andRead More


The Quants, the Algorithms, and the Performance

Mar 18th, 2018 | Filed under: Newly Added, Alpha & Beta, Benchmarking & Performance Attribution, Hedge Funds, Allocating to A.I.

A new paper by J.B. Heaton, forthcoming in the Journal of Financial Transformation, offers a skeptical view of the algorithmic trading of securities, its actuality and its potential. Heaton is a lawyer (admitted to the bars of both Illinois and New York) and has a Ph.D. in finance, University ofRead More


Whether Vol is High or Low, Gamma Trading Can Exploit Opportunity

Mar 5th, 2018 | Filed under: Newly Added, Hedge Fund Strategies, Hedge Funds

By Alternatives Team at Calamos Investments In 2018, volatility kicked into high gear. So far, there have been 11 days when the S&P 500 has moved at least 1%. Investors may not like the return of volatility, but it can strengthen the tailwinds for the gamma trading we do inRead More


News from AIMA: Performance and UK Regs

Feb 27th, 2018 | Filed under: Newly Added, Risk management, Hedge Funds, Risk Metrics and Measurement, Risk Management Strategies & Processes, Risk Management & Operations

New research by the Alternative Investment Management Association (AIMA), in collaboration with Preqin, indicates that hedge funds have produced “more consistent and steadier returns than equities or bonds over both the short term and the long term.” The study employed four scales of time: one year, three, five, and 10Read More


A Rhetorical Oracle?

Feb 26th, 2018 | Filed under: Newly Added, What about beta?, Hedge Fund Industry Trends, Risk Metrics and Measurement, Fees, Structure of the Hedge Funds Industry

By Bill Kelly, CEO, CAIA Association Warren Buffett cashed out his bet and the final numbers are in courtesy of the Oracle’s annual shareholder letter. Unfortunately, the most important investment lessons have been completely lost, as the media and the investment sage have mostly used this as an opportunity toRead More


DB: Investors Newly Optimistic About Hedge Funds

Feb 22nd, 2018 | Filed under: Newly Added, Hedge Fund Industry Trends, Performance, Analytics & Metrics, The A.I. Industry, Industry Size & Managers, Institutional Investing, Asset allocation, Benchmarking & Performance Attribution, Hedge Funds, Asset Allocation Models, Institutional Asset Management, Fees, Structure of the Hedge Funds Industry, Allocating to A.I.

Deustche Bank recently released its Alternative Investment Survey, the 16th annual.  This year the questionnaires received replies from 436 global hedge fund investors, with assets under management of $2.1 trillion, who shared their insights, sentiments, and allocation plans.  Glenn Bunn, co-head of Prime Finance at DB, said in a statementRead More


Eurekahedge: Greater China Mandates Pay Off for January

Feb 20th, 2018 | Filed under: Newly Added, Hedge Fund Industry Trends, Commodities, Hedge Fund Strategies, The A.I. Industry, Investing in Commodities, Indexes, Hedge Funds, Emerging Alternative Investments, oil, Digital currencies, Commodities, Commodities: Examples, Energy, Gold, Other Topics in A.I.

A new Index Flash Update from Eurekahedge says that hedge funds are off to a positive start to 2018. The industry globally gained 2.26% in January. Among developed world mandates, North American hedge funds were up 1.89%, followed by those of Japan and Europe, which gained 1.28% each. Higher numbersRead More