Tue, May 17, 2022
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

GSAM: As equities rally, investors return to liquid alts

Tuesday, September 19, 2017

Bailey McCann, Opalesque New York:

As the equities rally continues into indefinite innings, investors have returned to liquid alternatives.

The latest performance and asset flows analysis of the first half of the year from Goldman Sachs Asset Management shows that positive performance is bringing investors back to actively managed mutual funds.

Four of the five GSAM LAI Peer Groups posted positive performance in the first half of 2017, with Equity Long/Short and Event Driven strategies performing best, and Tactical Trading/Macro strategies posting losses. Investors rewarded equity long/short and event driven funds for the performance gains with new asset flows, in addition to low-cost "alternative beta" funds.

GSAM identifies its liquid alternatives universe as a group of 297 funds in the Morningstar Liquid Alternatives category that behave most like traditional hedge funds. Those 297 funds are broken into strategy peer groups and analyzed against comparable HFR indexes of hedge fund performance.

On a strategy basis, the Equity Long/Short cohort is up +8.6 percent on the year, compared to the HFR Index which is up +8.1 percent. Even Driven strategies are also up +4.9 percent. The group has underperformed the HFRX Event Driven Index which is up +12.5 percent YTD but the liquid alts funds have outperformed their peers within their Morningstar category.

Relative Value funds are also up +2.6 percent YTD compared to the benchmark HFRX Relative Value Arbitr......................

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. Opalesque Exclusive: Long/short equity hedge fund with bear market experience has a winning quarter[more]

    B. G., Opalesque Geneva: Experience during a Russian bear market lasting five years enabled Christian Putz to identify certain investment patterns in the market which he now applies to his current investment strategy. London-based ARR Inv

  2. Schroders acquires European renewable infrastructure manager Greencoat Capital[more]

    Laxman Pai, Opalesque Asia: British multinational asset management company Schroders has completed the acquisition of a 75% shareholding in Greencoat Capital, one of Europe's largest investment managers dedicated to the high-growth renewable infrastructure market. The remaining 25% is owned by Gr

  3. Opalesque Exclusive: Global equity manager focuses on symbiotic value chains[more]

    B. G., Opalesque Geneva: A global equity manager has made a point of focusing on the phenomenon of shrinking supply chains and avoiding zero-sum business models. London-based Tollymore Investment Partners is a private partnersh

  4. Satori Capital intros energy transition fund, a long/short equity strategy[more]

    Laxman Pai, Opalesque Asia: Dallas-based alternatives manager founded on the principles of conscious capitalism, Satori Capital has launched Satori Environmental, a long/short equity strategy that primarily invests in securities impacted by the global energy sector's shift from fossil-based s

  5. The Big Picture: With the war, E, S, and G have collectively moved back to the fore[more]

    B. G., Opalesque Geneva: In this interview, Dr. Patrick Welton, founder and CIO of Welton Investment Partners, offers his observations on the major macro themes expected to affect the comm