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Alternative Market Briefing

Opalesque Roundup: More hedge funds come forth that profited from volatility: hedge fund news, week 08

Monday, February 26, 2018

In the week ending 23 February, 2018, more hedge funds came forth sharing they were on the right side when volatility spiked in early February. For example, Florida-based Global Sigma's AGSF strategy is up +2.8% through February 16 and +4.2% YTD, and its Vol/Arb program is up +14% through February 16 and 19.6% YTD.

Global Sigma CIO Hanming Rao told Opalesque that he opted to go long-volatility already in the second half of 2017 and maintained his positioning through the start of the year. That bet paid off earlier this month when the VIX hit new highs. Rao however expects that the VIX will revert to more historical ranges of mid-teens to 20s over the remainder of the year.

The hedge funds industry has grown with $44.4bn in fresh assets in the last quarter of last year; investors allocated an estimated $14.12bn into hedge funds in January, the industry's largest start to a year since before the Financial Crisis; Och-Ziff Capital saw $7.6bn in capital withdrawals last year despite posting the best performance in his flagship hedge fund since 2013; global bond funds saw $14.1bn of redemptions amid expectations of higher interest rates; Ucits hedge funds crossed an assets-under-management (AuM) threshold at t......................

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