Sun, May 16, 2021
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Investors rethink hedge fund allocations

Wednesday, July 29, 2020

Bailey McCann, Opalesque New York:

A new report from bfinance suggests that asset owners are maintaining a cautiously optimistic investment outlook despite uncertainty over the state of the global economy in the covid era. Bfinance spoke to 368 senior investors for the report. They represent pension schemes, insurers, endowments, foundations, family offices, sovereign wealth funds and other entities with combined invested assets of approximately $11 trillion.

According to the findings, 82% are happy with how their portfolios have performed so far. That said, there are some rough spots and hedge funds appear to be one of them. The report shows widespread frustration with hedge fund performance as well as the performance of emerging markets debt and risk premia strategies. 48% of investors in the report said they were dissatisfied with the performance of their hedge fund portfolios. 64% said they were dissatisfied with alternative risk premia and 53% of investors were dissatisfied with emerging markets debt.

"Within the hedge fund sector we have seen wide dispersion of manager returns both within and between strategies as a result of C-19 disruption," said Toby Goodworth, Head of Liquid Markets at bfinance. "The sheer speed of market dislocation in March meant all but the fastest trading-oriented strategies were effectively passengers through the turbulence. A number of high-profile names produced unexpected losses and failed to demonstrate the expected diversificati......................

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. U.S.: Hedge funds facing Biden tax threat grab toehold in Puerto Rico[more]

    From Bloomberg: With Democrats pushing for higher taxes on the richest Americans to fund President Joe Biden's infrastructure and climate initiatives, hedge fund managers are taking refuge in Puerto Rico. ExodusPoint Capital Management and Millennium Management have established subsidiaries on t

  2. SPACs: SoftBank-backed Better to go public in $7.7bn SPAC deal, Turmoil in the SPAC market, SPACs that raise a lot of money will struggle to find startups, Biotech firm Ginkgo to merge with Harry Sloan-led SPAC in $17.5 billion deal[more]

    SoftBank-backed Better to go public in $7.7bn SPAC deal From PE Insights: SoftBank Group Corp-backed Better HoldCo said on Tuesday it will go public through a merger with a blank-check firm sponsored by investment firm Novator Capital, valuing the mortgage startup at $7.7bn. As p

  3. Hedge fund Tiger Global beats out Silicon Valley VCs, invests in 110 startups so far[more]

    From Business Insider: Tiger Global, a $65 billion hedge fund, is squeezing out venture capital firms to invest in startups. The company has taken part in 110 startup financings so far in 2021, according to PitchBook. Venture capitalists say its speed and sky-high valuations lead to its success

  4. SPACs: Why the 'SPAC Mafia' hedge funds aren't worried about SEC regulation, Bill Ackman's cagey SPAC update sends shares soaring as investors dream up a mega-deal, Arqit raising $400m with a SPAC to launch quantum encryption satellites in 2023[more]

    Why the 'SPAC Mafia' hedge funds aren't worried about SEC regulation From Business Insider: After a yearlong bout of SPAC mania, the red-hot market for blank-check companies is cooling down as regulators direct their attention to it. March was a record-breaking month for special-purpose

  5. Private strategies pay off for Tiger Global, other hedge fund titans[more]

    From Institutional Investor: Hedge funds' strategies to invest in private markets have been driving returns at a number of firms this year. Third Point, Greenlight, Tiger Global, and Maverick received big boosts in the first quarter from their private investing strategies. That shouldn't be a