Hedge fund performance mid-month - mixed

There have been more news stories this month about the poor performance of hedge funds in the first quarter of 2016 and the fact that there ...

Performance and story-telling - A good due diligence combination

One of the most perplexing and important issues for any hedge fund investor is manager due diligence. Investors have gotten very good at ope...

Hedge fund performance improved in April

Hedge fund performance across all styles generally showed positive performance as measured by the HFR indices. It should be noted that there...

Have hedge funds advanced the science of finance?

Has the science of finance evolved resulting from the the presence of hedge funds? Has our wisdom of finance greater resulting from hedge fu...

March hedge fund performance moving higher, but disappointing first quarter

With equities moving higher and credit spreads tightening, hedge funds with equity beta exposure  showed strong returns. The exception was w...

A wide difference - global macro and managed futures hedge fund styles

Is there a difference between global macro and managed futures hedge fund styles? Many investors lump the two of these strategies together. ...

Global macro - Bottom-up or top-down; two views of trading

Global macro is a very broad hedge fund category which does not lend itself to easy descriptions. Nevertheless, we can take a simple stab an...

DB survey - competitive pressure with hedge funds

The growth of money flows to hedge funds continues. The recently released Deutsche Bank (DB) hedge fund survey states that assets under mana...

Hedge fund managers are not always thinking about their investors

Is there moral hazard with CTA's? That is, do CTA's change their risk behavior to increase their chance of an incentive fee at the e...

Seward and Kissel Hedge Fund Survey - tough for start-ups

The Economist noted the challenging environment for hedge funds last month. New launches are down and liquidations, albeit down are similar ...

Global macro versus managed futures for year - A difference in approaches

The global macro indices generally posted gains for February but have not done as well as managed futures. However, the discretionary themat...

Hedge fund skill - dependent on the environment

Hedge fund skills are dependent on the economic environment. There are more hedge fund managers who show skill during the expansion state of...

Where do hedge fund investors want to put their money?

The demand for hedge funds continues. The recently released 2016 Credit Suisse hedge fund investor survey shows that over 80% of investors p...

Managed futures and global macro hedge funds the leaders for the year

Although US equities rallied in the second half of the month to almost get to flat returns for February, hedge funds in most cases were not ...

Institutional investor are not satisfied - CFA Institute survey

  The CFA Institute survey "From Trust to Loyalty"  provides an interesting perspective on the level of important in key investmen...

What are you really buying with hedge funds? Put writing?

Hedge funds are supposed to generate alpha which is the excess returns that are not associated with market risk. For more sophisticated inve...

Hedge fund value-added - dynamic conditional correlation tells a story

Hedge funds are supposed to hedge. This means that they generally will have low correlation with traditional assets and will have negative c...

Hedge fund performance - what a difference a strategy makes

How many surveys say, "Investors are increasing their exposure to alternatives"? Well, there is a world of difference based on wha...

Hedge fund strategies did not have a good year

The rankings of hedge fund strategy index returns for 2015 show a lot of negative numbers. It was not a good year. Most strategies underperf...

PWC Hedge fund survey - old school marketing still the driver

Who you know and what you do - that is the story of how hedge funds are going to raise money. The PWC Global Hedge Fund Distribution Survey ...