Sat, Aug 13, 2022
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Symmetric releases first quarter hedge fund manager skill rankings

Thursday, February 18, 2016

Bailey McCann, Opalesque New York:

New York-based Symmetric has come out with its first quarter rankings of hedge fund managers that generated StockAlpha. StockAlpha is a proprietary measurement that ranks managers on their ability to pick individual stocks instead of providing rankings based on quarterly returns.

For the first quarter of 2016, the top ten hedge fund firms for generating StockAlpha were: Cedar Rock Capital; Echo Street Capital Management; Highfields Capital Management; Third Point; EMS Capital; Masters Capital Management; Endicott Management Company; Trian Fund Management; Hillhouse Capital Management, and H Partners Management.

Of the ten, only three managed to stay on the list from the prior quarter - Trian Fund Management, EMS Capital and Echo Street. Tech stocks helped the top performers stay on the list with StockAlpha from positions in Google, Netflix and Facebook, among others.

For managers to stay on the list they must have a positive start to the year and not many did. Baker Brothers, Viking Global, Whale Rock and SPO Advisory all fell off the list as a result of January's volatility. The choppy market appears to to have had a significant impact on overall performance for those funds, according to the report - "not only did their positions decline, they underperformed on a market, sector and beta adjusted basis." That underperformance also impacted their previously positive twelve and thirty-six month track records. ......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Other Voices: ESG exuberance is at all-time highs. But will investors buy?[more]

    As investors increase their focus on mission-based investing, they continue to grapple with ESG and what it means to them. By David Shalom, Director of Capital Introductions at Pershing Innovation. New investment solutions. That's how managers deliver value and attract new inve

  2. Alts managers sitting on over $2.5tn+ of dry powder[more]

    Laxman Pai, Opalesque Asia: In the current rising interest rate environment, investment activity in the private markets has continued to grow, revealed a study. "With alts managers sitting on over $2.5T+ of dry powder and continuing to enjoy premium valuations and interest rates on a prec

  3. Opalesque Exclusive: Hong Kong manager expects additional tailwind in Asian markets[more]

    B. G., Opalesque Geneva: The Asia equity markets have not been at their best so far this year, with the MSCI Asia index down almost 13% YTD, but many managers remain buoyant about the region, as in

  4. Opalesque Exclusive: Emerging markets persist despite headwinds[more]

    Bailey McCann, Opalesque New York: Emerging markets have been under significant pressure since the start of the year, but there are some nascent trends that suggest that things could be getting better. Emerging markets firm Gramercy Fund Management recently released its third quarter outlook and

  5. Opalesque Exclusive: Castle Hall's DiligenceExchange free Transparency Reports cover 100 managers with $10tn of assets[more]

    Matthias Knab, Opalesque for New Managers: Managers and investors can get free access to DiligenceExchange here: https://bit.ly/DXCInfo Castle Hall, the Du